JRGC1
The patent system has become a victim of regulatory capture.
That is of course, if it really did start out to protect the little guy.
Technocracy is a form of government in which the decision-maker or makers are selected on the basis of their expertise in a given area of responsibility, particularly with regard to scientific or technical knowledge.
no matter what we do on the supply side, it will be eaten up by the unlimited demand from investors.
while housing outperforms other investments or until regulators curtail the activity, housing will remain expensive.
Interest rates are at historic lows https://wowa.ca/bank-of-canada-interest-rate
Interest Rates and House values are strongly correlated. https://investfourmore.com/interest-rates-housing-prices/
When rates go up, prices will come down.
The average house in my small town is $799,999. 2 hours from Toronto. A small 1 bedroom, 1 bath, built prewar with no basement, is going for $300,000 in a bad part of town with a tiny lot. The house across the street sold for $240,000 three years before the pandemic. Today, it's quite possibly would go for $600,000+. This all might make sense in a high density area but...
When looking at a satellite image, 95% of the land around my immediate area is farms/forests. The average price of that land is $10,000 per acre. That's a 100% increase since the beginning of the pandemic(Avg. 5k before).