Canada

You aren't disagreeing with me.

If nobody wants to fund them, they won't exist, and as I mentioned the government can't fund them itself.

So... Useless idea.

Go grab the total amount they have funding for, then grab the number for the total value of the Canadian housing market.

Then tell me again that their programs are anything but PR bullshit so they can pretend they're doing something.

It's not that people see it as an investment, it's that the government allows it to be an investment. It doesn't have to be that way. They could fix it overnight with a new tax policy. It would just destroy the retirement plans of millions of people because the government let this go on too long. We'd have affordable housing overnight though.

You don't fix a breaking dam with scotch tape.

You put in the effort to fix it properly, or you let the fucking thing collapse and deal with the consequences.

This is where we're at for housing.

There are already more bedrooms in Canada than people by quite a margin, and that doesn't even take into account that most couples share a room.

It's fairly easy to do the math, stats Canada has released numbers of units by bedroom count a few times. You just do a little multiplication and realize there are 50 million bedrooms for 45 million people.

The problem is not supply, it's demand. Theoretically demand could be overcome with supply, but realistically it cannot.

The easiest way to fix this whole mess is to reduce demand. It could literally be done overnight with tax policy. It would crash a good portion of the economy, and wipe out the retirement plans of millions of people, but it would result in affordable housing immediately.