this post was submitted on 19 Feb 2025
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I'm going to make a second comment here just because I wanted to separate the ideas.
All current political parties have zero actual path to affordable housing. If you think about it, affordable housing would mean a drop in prices by greater than 50%, maybe even greater than 75% in some regions. No political party has suggested policies that would even come close to this kind of reduction.
Ask each candidate by what percentage they expect their platform to drop housing prices over the next 8 years (giving them the benefit of voting them in twice)
Given that this is the single largest budget item for anyone under 40 years old, the lack of action means entire generations are screwed.
This issue has personally effected my own life drastically so I appreciate your focus on it! I didn't hear any specifics mentioned in the debate, just very vague statements about how "we need to build more houses" π¬
It's currently political suicide to actually implement policies that would reduce house prices by 50%+ so the parties are just putting in those vague statements and making token gestures trying to stabilize house prices.
Unfortunately the majority of voters still own a home (older people more likely to own and more likely to vote) and it's going to be a hard time convincing those people to vote for losing hundreds of thousands of dollars in equity.
It's going to keep getting worse until that balance shifts, I'd estimate another 20-40 years, then we can start voting in policies to reduce housing prices.
I have this same fear. Someone once posted on here about the high percentage of politicians in Canada who are landlords and it really concerned me, it should be much closer to reflecting the percentage of the general population. Otherwise it seems like it would (and has) created a devastating conflict of interest π©