The cost of Housing is one of the most significant cost increases that is stifling young families today.
Even with good dual income, no debt, frugal habits, low-end cars, and willingness to commute a long ways, housing is STILL unaffordable for most young couples.
Everyone I know who owns a home either had financial help, bought deed restricted, or moved to an undesirable part of the country with fewer job prospects.
Each of those options have their own problems and are not really 'solutions.'
My simplistic understanding is cost increases when demand outstrips supply. However, what is different about today vs 50 or 100 years ago? Did we not have an expanding population back then? Were materials and skilled labor not rare commodities??
Who are buying all these houses if they're so unaffordable?
On everyone is circlejerking on how government intervention is the only way. "Government intervention, government-built housing, tax second home owners, etc."
I'm surprised that few people have come up with any alternate resolutions to the issue. I wonder if the issue will correct itself? You tell me.
What can we do to fix this situation?
The cost of Housing is one of the most significant cost increases that is stifling young families today.
Even with good dual income, no debt, frugal habits, low-end cars, and willingness to commute a long ways, housing is STILL unaffordable for most young couples.
Everyone I know who owns a home either had financial help, bought deed restricted, or moved to an undesirable part of the country with fewer job prospects.
Each of those options have their own problems and are not really 'solutions.'
My simplistic understanding is cost increases when demand outstrips supply. However, what is different about today vs 50 or 100 years ago? Did we not have an expanding population back then? Were materials and skilled labor not rare commodities??
Who are buying all these houses if they're so unaffordable?
On [this reddit thread](https://old.reddit.com/r/ontario/comments/lxlwgf/how_in_the_f_are_young_couple_supposed_to_buy_a/) everyone is circlejerking on how government intervention is the only way. "*Government intervention, government-built housing, tax second home owners, etc.*"
I'm surprised that few people have come up with any alternate resolutions to the issue. I wonder if the issue will correct itself? You tell me.
What can we do to fix this situation?
(post is archived)