Housing costs are killing a generation

By evan on Feb 23, 2016

I’ve been pondering this for a while, looks like someone with credentials actually put something out.  I just came across this article about how income equality is being driven by housing costs.

It’s simple really.. Housing has been capitalized. 1/3 of my labour is directly and immediately spoken for by rent-seekers.. It’s a direct transfer of wealth.

My last several apartments have been owned by investment trusts. I’m stuck sending 1/3 of my income to be split between a few rich guys in Ontario because I can’t save a down payment for a house because I’m pissing away 1/3 of my income…. Repeat ad nauseam.

I don’t know that I even have a solution.

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