[teitoklien]

not when its anti-consumer, these ideas work in free market with multiple suppliers who can upscale and compete.

Real estate is not a free market, due to building regulations, insane municipality fees to pay upfront for housing units (for example, in canada a lot of provinces require housing developers to pay 100k+$ per 2-3bhk apartment upfront before even completing and building housing units, for 4 floor, 3 apartments every floor, thats 100k * 4 * 3 = 1.2 Million$+ in FEES alone before even selling a single unit !)

Plus these systems are being used to force sellers to algorithmically collectively raise rent prices , to max the revenue collected as possible.

This is literally anti competition, anti free market, distributed oligopoly price-fixing like behaviour.

[api]

Nice little detail about Canada’s system. It explains how a place with so much land can have such unaffordable housing. It’s a cartel.

[nick__m]

Many things in Canada are a cartel: telecommunications, media, retailers... That Housing is becoming one to don't surprise me at all.

[teitoklien]

Housing is the largest cartel in Canada, Retail or Media doesnt work in money laundering.

Canadian housing stock is literally used to whitewash illegally earned cash internationally (but especially china), and they influence politicians and municipalities to put in place laws to stifle housing construction.

Canadian housing is used by international criminals as a store of value instead of gold or other stuff, it’s a very popular method of money laundering.

It’s insane, none of this is free market, like some folks are obnoxiously touting in this thread, this is not free market, not pro-competition, not market decided pricing.

Homes should be for living in, just like Cola is used as a consumable, not as gold/bitcoin to store value, it’s being made this way by Politicians stifling the market with insane regulations preventing homes from even being built.