this post was submitted on 29 May 2024
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Trudeau says housing needs to retain its value (www.theglobeandmail.com)
submitted 5 months ago by [email protected] to c/[email protected]
63 comments fedilink hide all child comments
 

In case anyone still wants to somehow debate whether the Liberals will deliver affordable housing.

“Housing needs to retain its value,” Mr. Trudeau told The Globe and Mail’s City Space podcast. “It’s a huge part of people’s potential for retirement and future nest egg.”

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[–] [email protected] 3 points 5 months ago* (last edited 5 months ago) (2 children)

then find they can’t afford to live anywhere in retirement.

I think the plausible circumstance is them selling and moving out of Canada, really it's the logical thing to do when you destroy the eco system you inhabit for gains. Then the money also gets spent out of Canada, we might spend less on healthcare cost for the elderly but I could see the math working out to be a net loss.

[–] [email protected] 2 points 5 months ago (1 children)

How? What country is going to jump at the chance to take in a 70 year old immigrant?

[–] [email protected] 3 points 5 months ago

The countries people like going to is Mexico, Costa Rica, Portugal, Vietnam, Thailand off the top of my head. They're pretty happy to take retirees with money.

[–] [email protected] 3 points 5 months ago (1 children)

I think the plausible circumstance is them selling and moving out of Canada

Or moving to SK

[–] [email protected] 6 points 5 months ago

Or moving to SK

Same thing. (Or was that the joke?)

Lifelong SK resident.