Boomer Tory wants to see house prices rise, what a surprise.
Totally tone deaf muppet.
I am sure he wants to see the price of everything go up to ensure greater profits and shareholder value
No problem with that, IIF real wages rise at or above the rate of house price increase.
Nah, the ratio of house prices to income is ridiculous right now, and I’d like to see that change in less than a few decades.
Agreed, but in reality house prices are 20ish% below their peaks; if they stagnate for another year or two and pay increases at the current (low rate) the ratio gets better.
Even if the house price increases, if pay increases at or above the same rate, the ratio stays the same or gets better.
As long as the house price doesn’t out pace wage rises; so the ratio gets worse…I’ll be impressed.
I’d like to see them continue to slowly lose value myself.
It would also get rid of the idea that housing is a sure bet as an investment, and we will hopefully see a move towards other investments like stocks instead.
That is a generational problem…
It’s definitely a problem for my generation, that’s for sure.
