The truth is that homes deliver enormous non‑financial value — stability, community, belonging. Those are reasons to buy. But as financial assets, they come with structural constraints: They are expensive to maintain, difficult to trade, impossible to diversify, and usually purchased with significant leverage. The investment component is real but volatile, and its return path can be long and uneven. For home buyers now facing losses, this is not an individualized failure. It is the predictable outcome of society promoting an undiversified, illiquid, highly leveraged asset as if it were the ultimate life goal.
The Federal government is currently buying half of all mortgage bonds to inflate prices with cheap debt and printed money, as new housing minister who ruined Vancouvers housing market Gregor Robinson says housing is an investment.
Don’t elect liberals if you don’t want the poor to be destroyed by a regressive home prices.