it's not a problem because the system has been designed this way. it's the new feudalism.

but, it's not hard to see, james, that that gap between housing and incomes needs a correction. that downward movement will ultimately be a redistribution of wealth from older people to younger people; far from being catastrophic, this is really long overdue.

and very necessary.

www.cbc.ca/news/politics/canada-election-2015-skyrocketing-household-debt-1.3226359