Thread by @youseepeeYYC

A tale of two headlines.

What’s mentioned in the second headline (people) doesn’t even come up in the first story.

So what’s driving the demand that is pushing up housing prices?

#ableg #yyc #yycre #yycbiz

Article sources:

The #yycre market remains hot!

yyccalgarybusiness.ca/business/calga…

But probably not because people are moving here?

calgary.ctvnews.ca/canadians-don-…

So what is driving up the demand and prices?

Without knowing exactly who is buying homes, we can’t be certain…

“A pair of [2020] reports say Canada is undergoing a "K-shaped recovery," with working-class Canadians going deeper into debt while those at the top prosper.”

#cdnpoli

ctvnews.ca/business/rich-…

It seems like “the economy” has been booming for the wealthy

“Inequality in Canada had already reached new extremes prior to the pandemic. The richest 1% controlled 26% of Canada’s wealth in 2016”

#TaxTheRich #cdnpoli #yycre

policynote.ca/the-rich-and-t…

So with all this in mind, my “I just spent 15 minutes doing internet searches and am not an expert” theory is: the rich are buying up properties.

Wealth is getting consolidated.

#TaxTheRich #cdnpoli #yycre #cdnre

cbc.ca/news/canada/ne…

Where are the rich getting all that money?

Some of it comes from you, dear worker.

There’s always money to support big business…

https://twitter.com/youseepeeyyc/status/1402999619286552582

There’s always money to support the hockey franchises of billionaires…
#TaxTheRich #yycre #cre #cdnpoli

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👇

https://twitter.com/youseepeeyyc/status/1362252615526936578

There’s always socialism for the rich,

But it’s the cold hand of the “free market” for the working class, from whom all wealth is created.

#cdnpoli #TaxTheRich