well fucking DUH
Canada is facing a number of destabilizing forces — like climate change, disinformation, and young adults never owning a home. That’s the take from an internal RCMP report called the Whole-Of-Government Five-Year Trends For Canada. The report is a “scanning exercise” on evolving risks for law enforcement to monitor. It puts the fact that many people under 35 will never own a home, on par with disinformation and climate change.
Police Worry Canada May Be Destabilized If Young People Realize They Won’t Own A Home
One of the concerns law enforcement is warning about is the impact of eroding economic conditions. Especially when it comes to young adults.
“The coming period of recession will also accelerate the decline in living standards that the younger generations have already witnessed compared to earlier generations,” reads the report.
Canada may have seen a pandemic economic boom, but it was largely related to rapidly appreciating real estate. Unfortunately, that doesn’t apply to young adults who saw housing get further out of reach.
“For example, many Canadians under 35 are unlikely to ever buy a place to live. The fallout from this decline in living standards will be exacerbated by the difference between the extremes of wealth, which is greater now in developed countries than it has been at any time in several generations,” warns the RCMP.
Wealth disparity is bad enough, but what happens when that wealth disparity is driven by shelter disparity? It’s a problem not typically seen in advanced economies at scale.
The writing is really on the wall now. And yet, the working class sleeps…
The US The American Dream of owning a home was to put mortgages on the backs of Americans to fight the Red Scare of the 1920s.
Because people with mortgages don’t go on strike or protest.
Drink deep, Canada.
the first time I was told this it changed the way I think about everything, I felt like such a sucker buying into it
Debt has a crazy strong influence on people. David Graeber’s book on debt talks about how it has been a major influence on just about every event in history
What if… You couldn’t afford to get indebted?
I agree with your control scheme being accurate (tho I tend to extend it to simpler materialistic appetites, “bread and games” style), nowadays the scheme of ownership has changed to fully irrational. And this is destroying the idea of a careful proletariat working their wages towards their mortgages.
I would fully agree on the idea that owning a house is unnecessary in many cases, but for this to work you need affordable rents. And that’s where the next crisis is.
I guess short-time, for the ownership class, it’s bringing in good money and obedience all the same, since making rent has become a stressful necessity, unlike owning your own roof.