The generational divide was remarked on by speakers on both sides of the proposal.
“If you are of that generation [able to buy a home], you're speaking from a place of privilege,” said 23-year-old Chance McClendon. “You already have equity and you can already pass it down to your children. Most of us will never have that advantage and never have the opportunity to pass it down.”
We've been saying this for ~30 years at least. Does nobody ever detect any logical problems with this premise?
One the one hand we're supposed to believe home ownership has a cult following in Canada (literally, politicians/newscasters/academics have used this terminology), and no matter how old we are we're supposed to despise our parents and grandparents for being able to buy real estate on the cheap that eventually became worth millions...
...but on the other hand we're supposed to believe "most of us" will never inherit anything and thus have no opportunity to pass wealth down. We (the complaining generation, whichever generation it happens to be) are committed to passing wealth down to our children, no doubt... but unfortunately we just don't have any wealth to pass down. Meanwhile, our parents and grandparents were greedy SOBs who made out like bandits by virtue of their sheer dumb luck... but unfortunately they would rather burn their houses to the ground than pass wealth down.
Edited by aastra, 05 August 2022 - 10:22 AM.