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.