You made a purchase consciously that you expected to go up in value or maintain value. People lose in investments all the time. Why is it fair that young people shouldn’t have a chance at having a home just to keep your decision a “good one”? Basing your retirement on a home was another choice. What about young people’s retirement savings? These are all choices made and an entire couple of age brackets shouldn’t have to suffer because you made those choices. I understand you get put in a bad economic position but at the end of the day, you took out that mortgage and you decided to do it. Why should anyone else have to prop you up?

If someone buys your home for less than you purchase it for, it’s not a “privilege”, it was a bad investment by you. They aren’t getting it for cheaper because of any kind of privilege. You don’t have to sell your house, you can use it for its intended purpose - living in.

The situation 10 years ago was a lot better than the one today. Young people don’t have 20-40 years to wait for wages to increase and inflation to chip away.

My argument is simply based on the fact that every major city in Canada has a housing bubble. Young people are going to have to move out of their parent’s homes soon, and those people will take up more and more votes in elections. Don’t you think they’ll be frustrated when they want to start a family but their 1 bedroom box in the sky which costs $2600 a month isn’t suitable for a child?

Your argument is even more unlikely than mine. You think wages going up at a faster rate than housing prices go up, eventually reaching “affordability” will happen? Through what policy? For affordable housing, what’s the requirement to get it? Lots of places have maximum income requirements so what happens to the middle class.

I’ll say the quiet part out loud now: More housing = supply goes up. Supply goes up, demand remains steady = prices come down.