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?
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Exasperation and impatience vs. fear and complacency - a sketch of housing politics in Vancouver