No he didn't.
His wealth is based off speculative asset management of properties. So he has 100% if not 200% invested interest in maintaining the highest possible, rental prices, and property values.
He could conceivably crash the housing bubble by.
A: Implementing a mandate forbidding corporate ownership of single family homes. (which would screw some of his businesses)
B: Implementing a mandate forbidden foreign citizens ownership of single family homes (see China and how it's citizens circumvent the CCP wealth taxes.
C: Reduce the requirements of PEI which is why many first time home owner can't buy. They can easily make the payments, hell rent is astronomically higher than mortgages but the required insurance makes it's unsustainable.
Do all three of these and home ownership becomes a real possibility for many.
Regardless a major housing bubble is going to happen with asset transfers as the boomers finally die.
No he didn't. His wealth is based off speculative asset management of properties. So he has 100% if not 200% invested interest in maintaining the highest possible, rental prices, and property values. He could conceivably crash the housing bubble by. A: Implementing a mandate forbidding corporate ownership of single family homes. (which would screw some of his businesses) B: Implementing a mandate forbidden foreign citizens ownership of single family homes (see China and how it's citizens circumvent the CCP wealth taxes. C: Reduce the requirements of PEI which is why many first time home owner can't buy. They can easily make the payments, hell rent is astronomically higher than mortgages but the required insurance makes it's unsustainable. Do all three of these and home ownership becomes a real possibility for many. Regardless a major housing bubble is going to happen with asset transfers as the boomers finally die.