this post was submitted on 06 Sep 2024
129 points (97.8% liked)
Canada
7185 readers
483 users here now
What's going on Canada?
Communities
🍁 Meta
🗺️ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
🏙️ Cities / Local Communities
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
🏒 Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montréal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown - Toronto Blue Jays
Basketball
- List of All Teams:
unknown - Toronto Raptors
Soccer
- List of All Teams:
unknown - General Community: /c/CanadaSoccer
- Toronto FC
💻 Universities
💵 Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
🗣️ Politics
- Canada Politics
- General:
- By Province:
🍁 Social and Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Why bring Galeb Weston into this, lots of middle class people are invested into REITs. My best friend talks about his investment in them all the time. Hell, there's a half decent chance my RRSP and my kids RESPs are invested in REITs as part of the broader fund they are part of.
That doesn't make it good for society lmfao.
The 2008 Stock Market crash is a good lesson in this, they bundled subprime loans and turned them into securities which made it into mutual funds, pension funds and generally securities held by corporations.
You missed the point of my post, which was why call out Galen Weston specifically when probably the majority of people, included many middle class people, are invested in REITs one way or another? Like, is it somehow bad that Galen Weston does it but not bad that my best friend ans I do it?
Holding a reit as an investmenr and creating the ecosystem for hiking rent prices by monopolizing ownerahip are not the same thing. I, for moral reasons, do not hold reits because I see what the companies are doing and its' effects.