Comments on: Wuhan, China Proposes A “House Ticket” System to Curb Speculation, and Cool Prices

By: Neek

Neek — Fri, 06 Aug 2021 02:11:43 +0000

In reply to flipg. You are 100% correct, the government should have forced people with multiple residential properties to sell. If making housing affordable was their goal, apparently thats not the case.

By: William R Konowal

William R Konowal — Fri, 06 Aug 2021 00:00:33 +0000

In reply to Ron. exactly, Justin will welcome them with open arms

By: flipg

flipg — Thu, 05 Aug 2021 22:35:38 +0000

With the initial covid scare Trudeau gave mortgage relief to people with up to 7 mortgages. That was the time to let the market rebalance. We all saw where the Liberals true allegiance lies: nonproductive capital.

By: idan

idan — Thu, 05 Aug 2021 18:14:30 +0000

In reply to Ghl.

You know who suppressed housing prices completely with super high efficiency?
USSR.
You know why?
No market at all.

By: Ghl

Ghl — Thu, 05 Aug 2021 17:11:57 +0000

Wuhan and China’s government actually have the will and talent to control the pandemic. If anyone can suppress crazy housing prices it would be them. Canada will never be able to muster the political will to implement something like this.

By: DC

DC — Thu, 05 Aug 2021 16:16:56 +0000

In reply to Michael Demi. It's actually more anti-capitalist to tax housing at such a rate. Having stable housing is good for the economy. Having someone keep a home empty for 10 years to avoid a state's cash grab isn't productive for anyone.

By: DC

DC — Thu, 05 Aug 2021 16:14:53 +0000

In reply to Bkl.

haha. Real Canadian wage growth 3.6% over the past 5 years. Real Chinese wage growth 7.6% over the past year.

You would have to be insane to think Canada is the growth opportunity when wages across East Asia are booming. Housing problems are a part of the great boom. Canada has no opportunity boom, just the hope that people in other countries don’t realize they’re going to leave Canada in the dust soon.

I honestly wish my parents didn’t come to Canada, because the rest of my family that stayed back are doing much better. In terms of education, money, etc. It’s just more opportunity.

By: Canaduh

Canaduh — Thu, 05 Aug 2021 16:06:36 +0000

Wuhan has more creative solutions than Canada to deal with real estate speculation. Wuhan. This is where we are as a society.

By: Michael Fred Rogers

Michael Fred Rogers — Thu, 05 Aug 2021 14:29:07 +0000

In reply to M.Bury. You honestly didn't get the sarcasm in that?

By: M.Bury

M.Bury — Thu, 05 Aug 2021 13:58:42 +0000

Never heard of Wuhan? It’s the place where a little bug caused a minor disruption across the world about a year and a half ago.