Meanwhile, https://www.worksinprogress.co/issue/the-housing-theory-of-e...
This is absolutely not true. Canadian policymakers are willing to do almost nothing that could reduce housing prices– instead they try to induce prospective buyers to take on even more debt under the guise of "making housing affordable". Just look at every major party's housing platform in the current election– besides some very hand-wavy notions of bringing on more supply, and the LPC's plan to eliminate blind bidding, the "solutions" are almost universally focused on further stoking demand
Same thing for appropriately taxing seniors living in now multi-million dollar hovels.
but that's fine right? The people rich people moving into the "luxury" apartments will free up the "nice" apartments for middle class people to move into, who will subsequently free up the "okay" apartments. Building $30k cars also doesn't help the college student/single parent who has a budget of <$3000, yet we don't try to outlaw those cars or mandate "affordable" cars because "people who don't want that luxury will end up stretching their budgets to buy it due to a lack of options in their price range".