kEiThZ
Superstar
Why? You’re suggesting skyrocketing housing prices are the government’s goal rather than an unintended result of crappy policy. How does a housing crisis benefit the government?
At what point in a decades long march of increasing home prices do we acknowledge that this isn't an "unintended result of crappy policy" and just the actual intent?
The government clearly wants to keep prices elevated. Even their supposed solutions to the Housing Crisis are usually ways to enable young people to pay more for a home. See FHSAs. They absolutely are not interested in actually bringing prices down.
The reality is that Boomers may whine about how their kids don't have enough opportunities, but they most certainly will not vote in a manner that helps their kids, if it even involves an ounce of sacrifice. And the Liberals know this. In economics, this is called revealed preferences, where the actual behaviour of people reveal their true desires, in spite of their language.
The Liberals are panicking on housing now for two reasons. First, they really believed the market would respond to the flood of immigrants and build more. Instead home starts are actually declining. They massively misunderstood the economics and business of homebuilding. Two, the Liberal brand is now trashed for basically every demographic but real estate owning Boomers. Trudeau could easily be last Liberal PM for at least a decade. Probably 15+ years. They know they have to at least give the appearance that they care. Hence the flurry of housing announcements.