this post was submitted on 21 Aug 2023
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Yeah, we had that here in Canada too, until the PCs and Libs killed it in the 1980s.
Before Mulroney pulled it, the CMHC would actively invest in housing start ups.
Back when the government arbitrarily decided that every public service must make positive income or be cut.
The 80s were fueled by cocaine and revenue.
Doesn't sound like the libs core m-o. Maybe, like this pipeline fiasco, they were convinced it would make the PCs their friends, and it failed as miserably then too?
Cons under Mulroney began the cuts to social spending to balance the books, libs under Chretien finished it off.
The idea was that the government shouldn't have a hand in housing and it should be left to the free market.
No, the idea was that the federal government should keep their noses out of it and let the provinces handle it, much like healthcare.
And we've all seen since then that the provinces won't do a damn thing if they don't have a fire lit under their asses.
See: Carbon offset taxes.