Video: Mike Moffatt role-plays a Boomer
With Cara Stern and Sabrina Maddeaux
An amusing video with Mike Moffatt laying out the reasons why an older person might think that the housing shortage is exaggerated. Why can’t you just do what I did, work hard and save up to buy a house? Why do you need to live in expensive cities like Toronto or Vancouver? Can’t you get help from your parents?
00:00 Introduction
02:23 The math of buying a home in the 1980s vs today
05:08 Government needs to get out of the way
07:25 Hard work and education aren’t paying off the way they used to
09:22 Declining fertility and aging population
10:55 Gatekeeping childcare spaces
12:42 Not everyone needs to live in Toronto
14:36 Brain drain is a problem
17:00 Get a better job?
18:15 Home buying has been disconnected from merit
20:03 What about the Boomer wealth transfer?
More
Exasperation and impatience vs. fear and complacency - a sketch of housing politics in Vancouver