Thread by @ronmortgageguy

Silence From Governments on Run Away RE Prices

We have reached a WTF moment in the utter lack of interest at all levels of government on crazy RE price increases

Yeah, Tiff Macklem has muttered about exuberance but that's it

Look, I get Covid dominates everything

2/

Governments bend all their efforts towards vaccination and Covid care, I get it

But they do address other issues constantly, climate, inequality, LTC crisis then climate some more, all of which are worthy and important

But dead silence on housing? I mean nothing? Nada?

3/

Silence from the DoF, Silence from Doug, Silence from Tory

If you interviewed people in Ohio or France or Vietnam or (insert country here) and asked: "what do you think about RE prices in suburbs small towns and even rural communities going up 35% in 12 months?"

4/

The most frequent reply would be "is that even possible?" or maybe they say "never heard of that"

So it's wildly odd but zero comment from government on batshit crazy RE price increases and run away debt unmatched anywhere

OK, too busy with Covid

Well please take a look

5/

Because it's nuts

And eventually some of your citizens will be hurt

And Governments...... it's also it's your actual job to deal with more than one thing at a time

Because this silence is starting to hit the level of purposeful avoidance