this post was submitted on 05 Jul 2023
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Canada

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The current state of housing in Canada:

The 60-storey luxury tower is in pre-sales and officials say it has been selling to investors who own dozens of properties.

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[–] SymbolicLink@lemmy.ca 7 points 2 years ago

I can’t imagine being someone whose goal in life is to profit off of the housing market to such a large extent.

To be able to see the level of homelessness we have in our biggest cities, and still continue to scrape up everything you could. It should be a recognized mental condition.

Honestly, some people have so much money and so few interests.

Can we just start with a sensible policy of “if you own two properties anything beyond that will be taxed like crazy. And for-profit corporate landlords are banned or highly regulated”

Maybe these people could pivot their investment to productive ventures.