Sorry, should have been more clear. I meant at the federal level. I get that they are somewhat limited in their abilities, but again, everything they have done thus far has _only _made it worse.
Sorry, should have been more clear. I meant at the federal level. I get that they are somewhat limited in their abilities, but again, everything they have done thus far has _only _made it worse.
Raising rates will lower prices to some extent. So it should help somewhat. The issue is that’s it’s a very very blunt instrument. It just happens to be one of the only tools the BoC has to use. Ideally the feds would have stepped in at some poi t in the last 15 years to stop this madness…
I mean yeah. Once other “financial assets” become more attractive (bonds at 5.5%?) maybe less parasitical activity will happen in the housing market. The whole thing started going off the rails when rates dropped to essentially nothing.
If you think current home owners have it bad, imagine anyone trying to get in the market now. Not only are mortgages 3X the price, but the houses are 2X the price they were before. The entire thing is completely unsustainable, and yet the Feds have done fuck all. Well no, actually they have made it worse every single step of the way (see the first time home buyers savings account for the latest idiotic idea).
It’s at the point where it’s clear no single measure will solve this issue. What is absolutely infuriating is that NOTHING is being done. Actually scratch that, they are actively making things worse with crap like the “First Home Savings Account”.
Why not ban anything past a primary home? It’s like at a wedding where everyone gets to eat first before going for seconds.
I guess it’s a political non-starter given the number of people who own more than one home…
Spare some knowledge stranger? That’s a dark path I don’t wish to travel.
The question is really best answered by asking did the person own real estate before the pandemic hit?
The financial chasm that ripped apart society along the lines of real estate ownership is very real
Honestly surprised there isn’t more. There’s a lot of money that would be lost if the fediverse became more mainstream.
Just keep kicking the can down the road until there’s literally no other option…
The sooner we realize corporate control of social media was a massive mistake, the better the world will be. Imagine if corporate social media algos that drive engagement through ragebaiting hadn’t existed for the last 10 years…
Give kbin a shot if you find Lemmy confusing. I found it much more approachable personally.
Honestly, fuck proprietary systems and corporate control. Algos and corporations are literally destroying the world. The fediverse might be one of the most important technologies on the I internet in a very long time. This is a hill I will die on.
I mean it does have an API, it’s just disabled and needs some work.
Lowering rates was the start of the housing market taking off though. And if you think you have it bad, imagine those rates but on twice the mortgage. RIP first time home buyers.
Not a great look for Shopify IMO.
Why would you want to facilitate tax evasion?
The light, which looks like a regular traffic light, is red when it’s at rest. Once a vehicle comes within range of its sensors, the light turns green to signal to the driver they’re respecting the speed limit. If they’re driving too fast, the light stays red, forcing them to slow down.
I actually kind of like this idea…
This would honestly improve the quality of life for so many people.
Given the progress in just the last year… that’s terrifying.
It’s crazy (sad) how much we are all starting to have to rely on the EU to save us from the BS.