Letting condo prices fall will result in more affordable housing than bailouts for big developers under the guise of securing affordable units ever will.
We should have never let our housing system get this dysfunctional.
Government should focus on help for the people/families who are financially trapped by correcting prices.
Its a noted irony that Musk went to school in Canada and I believe is a Canadian citizen. In any other situation he would be called a Canadian Success Story except we actually hate excellence in this country. The only people allowed to be succesful are the 4 cartels
* Correct quote is “politically left” not socialist. Point stands. Entrepreneurs take potential and turn it into value that’s added to the global GDP. They capture a small amount of that value in the process which is a big part of the incentive. The rest goes to others, employees, shareholders, government, suppliers etc.
You can always criticize them. You can always criticize the redistribution efforts. But you should always remember that without them, there is very little new value enters society and that locks everyone in zero sum competition, sometimes war.
Entrepreneurs are load bearing for human thriving. It’s a glorious act to put yourself out there and build a company that provides good and services to everyone. And Elon is the best entrepreneur that ever was. You don’t have to like him, and sure he’s crazy, but otherwise he wouldn’t do crazy things. Same coin, two sides.