Canada likely sitting on the largest housing bubble of all time: Strategist - BNN Bloomberg
Canada likely sitting on the largest housing bubble of all time: Strategist - BNN Bloomberg
www.bnnbloomberg.ca
Canada likely sitting on the largest housing bubble of all time: Strategist - BNN Bloomberg
God I hope so
When it pops most people still won’t have money (because recession) and corporations will scoop in and buy up all the assets oh boy!
Right so we just implement socialist policies in housing.
I mean, water, power, education, healthcare are all heavily regulated or controlled by the government. Why not housing? It is a basic human need after all more of a basic need than education (not saying education should change).
We really need to start limiting the number of properties/parcels/acres that any one entity can own. It's really the only way to stop corporations from taking over.
I bought a house before the pandemic (just barely, and with a lot of help, but still) and even I want it to pop. It's ridiculous. Even setting aside my objections to housing as an investment, a house should not be your entire retirement plan.
Because when it "pops" prices drop? Would this be tied to other markets (like say groceries)?
If it is a bubble that's going to pop, it'll most likely happen alongside a recession. The price of groceries may drop, but alongside a lot of jobs lost or fear of losing your job.
Sorry, I wouldn't hold my breath for the real estate market to improve.
As long as all the inventory is accounted for, they will just sit on it to keep prices up and rip off whoever needs a house.