Canada

Simpler solution -- provide direct funding to small community credit unions at a low deposit rate, with a stipulation that the money must be used to provide mortgages to first time home buyers within mid-lower income brackets, at discounted mortgage rates.

The CUs win by having direct investment to shore up capital requirements and free marketing to draw people away from the big banks. The gov wins by offloading the task of targeting funds to specific demos on to the CUs, using the gov regulators that're already in place to provide oversight - and by bolstering a 'small business' industry which is also an 'alternative' to the big bank oligopoly. Buyers win by having lower carrying costs/ more realistic price points. Sellers win by having a market of some sort to sell to, which they generally don't at the moment.

Surprising nobody, as this was the plan.

Every single fucking solution they put forward has had the same effect. If it's meant to help the buyers, it's still going to help the wealthiests who are going to price everyone else out of the market, and help them save money while doing it. Meanwhile the rest of us keep getting fucked.

Until there are tangible limits on who can own residential property and how much of it, the working class will always suffer. We also need wages that match the cost of living for the working class.

Well no shit . Are they both idiots?

Another tax break for developers that increases taxes for homeowners (and thus increases rent) since it hasn't worked out anytime before do you think they'll eventually try something else?

The western world will never learn that capitalists will never be your friend.

Have Carney and Ford disagreed on anything other than who pays for dinner?

I recently inherited what, 7 years ago, would have been able to buy 2 houses in my city.

Today i can use it to put a down payment and still carry a 30 year mortgage on a single home.

*i won't live another 30 years. So i will rent forever.

the only thing that can make housing affordable is for it to be no more than 3x typical pay for a typical place.

My tinfoil hat theory has been that this is just another way for them to cool down the housing crisis by just a bit, not by virtue of the policy being good, but instead by increasing the share of homeowners in the country to tilt the conversation slightly more towards The Haves. It achieves nothing significant aside from just another kicking of the can down the road.

But this. This just shows that they really aren't that smart.

They are not genuinely interested in anything that is going to lower property values. Their stakeholders and keepers are far more interested in preserving and even increasing property values.