The correct answer: because people with real estate investments are into politics.
We need to enforce conflict of interest rules on politicians, and keep people with CoIs from running, holding cabinet positions or otherwise making decisions.
Such a bill would never pass if it means people writing and voting on the bill have a versed interest in neutering the bill or voting against it.
Tax brackets also need to be fixed, loop holes need to be closed, but it won’t happen either because we have millionaires holding cabinet positions, or politicians who have millionaire friends they’d like to help out in exchange for funding.
The correct, correct answer is that we’ve become poorly educated and, as such, are no longer innovative enough to see money go anywhere other than housing. After all, housing is the place of last resort – where money goes to die. We’ve left it to die.
Yes, Canada is the “most educated nation in the world” according to the OECD, but when you look closer that is a result of us having an unusually high rate of vocational training. We are well behind the rest of the world when it comes to research-focused academia. Only the latter of the two will pull money away from housing.
Remember years ago when they told us that if you went to university you could expect a higher income? Yet, now that we have decades of outcome data from watching more and more attend post-secondary schools, we can see that incomes actually remained stagnant the whole time? That’s why. The original hope was that people would become innovative again, using university research labs to get there, which would see money fall into the hands of the innovators. But instead we chose to go to school to train to flip burgers, so where else is there for the money to go other than into housing?
People with conflicts should recuse themselves to keep their spot and their integrity.
I’d accept a politician who had property and recused around housing votes, same as I’d respect a conservative who recused around oil, housing, religion, abortion, sovereignty and welfare. And vaccinations too, I guess, after the Karen convoy.
The correct answer: because people with real estate investments are into politics.
We need to enforce conflict of interest rules on politicians, and keep people with CoIs from running, holding cabinet positions or otherwise making decisions.
How about if you want more than 1 house it comes with a huge tax bill every year to deter people from gobbling up all the real estate
Yes, but also no conflicts of interests.
Such a bill would never pass if it means people writing and voting on the bill have a versed interest in neutering the bill or voting against it.
Tax brackets also need to be fixed, loop holes need to be closed, but it won’t happen either because we have millionaires holding cabinet positions, or politicians who have millionaire friends they’d like to help out in exchange for funding.
I for one would love to have a vacation home. The market out there doesn’t allow for it though, but those that have no home come first.
The correct, correct answer is that we’ve become poorly educated and, as such, are no longer innovative enough to see money go anywhere other than housing. After all, housing is the place of last resort – where money goes to die. We’ve left it to die.
Yes, Canada is the “most educated nation in the world” according to the OECD, but when you look closer that is a result of us having an unusually high rate of vocational training. We are well behind the rest of the world when it comes to research-focused academia. Only the latter of the two will pull money away from housing.
Remember years ago when they told us that if you went to university you could expect a higher income? Yet, now that we have decades of outcome data from watching more and more attend post-secondary schools, we can see that incomes actually remained stagnant the whole time? That’s why. The original hope was that people would become innovative again, using university research labs to get there, which would see money fall into the hands of the innovators. But instead we chose to go to school to train to flip burgers, so where else is there for the money to go other than into housing?
Yes, the people in control of the decision are the ones with the conflict of interests… I can see this going nowhere :)…:(
People with conflicts should recuse themselves to keep their spot and their integrity.
I’d accept a politician who had property and recused around housing votes, same as I’d respect a conservative who recused around oil, housing, religion, abortion, sovereignty and welfare. And vaccinations too, I guess, after the Karen convoy.
This seems perfectly acceptable to me, so long as they don’t try to influence others.