Investors have become more prevalent in Canada’s housing market, accounting for 30 per cent of all residential real estate purchases in the first part of this year, according to new data.
Source: Investors account for 30 per cent of home buying in Canada, data show – The Globe and Mail
First they came for corporations, and I said nothing, because I didn’t own a corporation.
Then they came for retail chains, and I said nothing, because I didn’t own a retail chain.
Then they came for franchises, and I said nothing, because I was not a franchisee.
Then they came for housing, and now I can’t afford to buy a house.
Private equity and investment banks have been buying up literally everything over the past 40 years, driving up prices, keeping all the profits for the so-called “1%”, pushing workers into government assistance, and forcing our civilization back into a modern form of feudalism. Will there ever come a day when we can get our governments to break them up, and recreate the actual “free” markets that capitalism was supposed to based on?