More are relying on intergenerational wealth to buy a home, as housing prices soar. Housing is both a human right and a profitable asset –– this is what drives housing from being unattainable for many. In many cases, those with the means to afford multiple homes to be put on the rental market are raising the rent due to the climbing rental value.
Home ownership and renting is interconnected. Many can get stuck in the rental market, as soaring rent prices cause many to put large amounts of their paychecks towards their rent, meaning less can go for saving for a downpayment. But some are simply trying to seek a permanent roof over their head and escape renovictions, neglected apartments and rising rents.
Issues within our housing market aren’t anything new: they were created during colonization, when the use of land moved from living off of it to profiting off of it.
Watch the full episode on Youtube, to understand the connection between colonialism, profiteering and what we can do to move away from a housing market affected by past and present effects of colonialism.