How a pipeline project, purchased by the Trudeau government, went from an initial estimate of $5.4 billion to $30.9 billion, potentially leaving Canadian taxpayers on the hook.
How a pipeline project, purchased by the Trudeau government, went from an initial estimate of $5.4 billion to $30.9 billion, potentially leaving Canadian taxpayers on the hook.
The market isn’t static. If you throw money at an industry, it grows. Existing people in that industry start their own businesses, or expand, and new people get training in the field.
Of course. Money brings out the people.
But then you’ve compounded the cost of constructing homes, which will also drive up the cost of used homes. That’s how we got here in the first place.
Not really solving the problem.
You really need to stop making assumptions about economics, you’re pretty bad at it.
At no point did we mention raising the prices of houses. Rather, if you’re using the money to offer multiple contracts to build houses, there’s more opportunity for people to enter the industry since there’s more income available.
Exactly. More offers competing for vendors means price will rise to attract vendors, either to win over existing vendors who will otherwise build a house for the next guy instead, or to compel new vendors into the marketplace who find the current rate not sufficient enough to bother with the industry. The going rate today is not enough to see more housing construction than what is already happening. Again, anyone who works on building houses today is booked up for years to come. Price has to rise to see something change.
At every point we mentioned raising the price of housing as it is fundamentally baked into the discussion. I don’t know, maybe you just forgot to read the discussion taking place?