Editor:
The lack of housing for Canadians seems to be the latest political football.
Developers borrow money to build, banks raise interest rates and loans cost more, which means housing costs more.
That’s not even factoring in the profits expected by investors or the ever-increasing cost of building permits and infrastructure.
In real life, there will be more people than ever living in marginal housing, in their cars, in tents, in shelters and on sidewalks.
Meanwhile, the cost of food is unlikely to go down. Planet-wide drought due to climate change will mean less arable land and fewer crops harvested per acre. The theory of higher interest rates controlling inflation is always a balancing act.
The more taxpayers have to pay for housing, food, utilities and health care, the less they will spend on holidays, consumer goods, restaurants and entertainment.
The only growth industry will be food banks and non-profit societies.
Political promises are just that — promises. Rhetoric will never change anything unless followed by appropriate and timely actions.
Heide Neighbor
Kamloops
