It's not even just housing but most public services too.
It's already hard to get an appointment with a doctor, registering a car has been next to impossible around here lately, although the latter is more incompetencethan anything.
Immigration in itself is fine, but I feel we sell a pipe dream to immigrants lately.
I feel for the younger generation and I'd be glad for this bubble to burst even though I stand to "lose".
My house has almost doubled in value in the past 7-8 years, and I'm in an "affordable" city.
Only managed to get into the market through sheer luck in timing.
I say lose, eh, loosely, because I don't intend to ever sell this old house anyway, so its market value is mostly irrelevant.
Having a place to call home is a basic human need and people trying to make a life here deserve better.
The way I see it is since I'm not a reddit customer, then I'm the product.
Except, if I'm the product, you're probably not supposed to nickle and dime me.
It's kinda like if McDonald's was trying to charge cows for the privilege of being ground into patties, but relied on them to go through the process of their own free will.
Without user content, reddit is just an empty husk, a waste of data center resources, yet they behave like they're somehow entitled to my engagement on the platform.
As for how they've handled things, it's been a train wreck.
Just requiring reddit premium to have access to the API/3rd party apps would have made a few waves, but nothing like this. Keeping their mouth shut would have been more useful than almost everything they've done... whatever their strategy was...
Even without any of that though, they've been working hard at making the experience worse for a while. The redesign focuses on the user consuming ads instead of content, dooms scrolling instead of reading or commenting.
TL;DR: They were going to shit regardless, they just decided to use more fans.