Monday, November 24, 2025

the rentier capitalists are already cannibalizing themselves. this person's definition of increasing the supply of housing means evicting more people to recycle more existing supply. that's not a joke.

the condo market in toronto is actually already crashing. rents have become too high for people to afford, and building costs are too high to generate profit at rents that are already too high, so the system cannot generate supply, and in fact cannot find people to rent the spaces that already exist. it's a complete market failure. the investors are actually the biggest losers in this system, that has let unregulated markets generate collapse. if this is being pitched as a win for investors, they'll be sorely mistaken as they find out they've priced themselves out of their own market.

government needs to directly build more supply to fix this, but this government won't do that.