The Ford government did something bad? Astonishing.
This does strongly imply that the overall housing problem will moderate if we slow immigration entirely. I'm an immigration supporter, but your infrastructure growth has to match population growth. That's utterly obvious in public infrastructure. It's frankly bizarre that nobody was looking at it as the private infrastructure (housing) kept falling further behind, and everybody just assumed the brilliant free market would fix it.
Well, it sure hasn't, so I don't see what to do for the short term but reduce demand.
On the demand side, it's not just population growth. Covid resulted in a huge surge of demand, since we suddenly had a lot more people working from home and needing more space. And there's also demographics: there's a lot of Millennials, and they're now in their late 20s and early 30s.
The Ford government did something bad? Astonishing.
This does strongly imply that the overall housing problem will moderate if we slow immigration entirely. I'm an immigration supporter, but your infrastructure growth has to match population growth. That's utterly obvious in public infrastructure. It's frankly bizarre that nobody was looking at it as the private infrastructure (housing) kept falling further behind, and everybody just assumed the brilliant free market would fix it.
Well, it sure hasn't, so I don't see what to do for the short term but reduce demand.
Yep - it's supply and demand.
On the demand side, it's not just population growth. Covid resulted in a huge surge of demand, since we suddenly had a lot more people working from home and needing more space. And there's also demographics: there's a lot of Millennials, and they're now in their late 20s and early 30s.