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Joined 1 year ago
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Cake day: June 24th, 2023

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  • I think that the government isn’t moving aggressively on this file because if they did, there would be a massive correction and many landlords would go bankrupt. It would be political suicide.

    I think what they are hoping for is that the correction will happen organically and gradually so that they are not blamed for the fallout and so that the impact is diminished. The problem is, I don’t think that people can hold out and regardless, there will be some pain for all groups. The damage is already done, and fixing this will be painful.