Home buyer plan short-term gain for long-term pain

Premier Christy Clark’s home-buyers plan is short-term gain for the B.C. Liberal Party and long-term pain for both those who borrow money from the government, taxpayers and the entire B.C. housing market . But for Clark this is all about getting re-elected next May. Who cares if some first-time home buyers can’t make their mortgage payments and lose their houses down the road? What’s it to her if housing prices go up for everyone because the B.C. government plan will reduce already limited supply? As flimflams go, this one is impressively slippery and a lucrative Christmas present to the B.C. Liberals’ biggest donors the real estate industry .