Discover and read the best of Twitter Threads about #EngHomeHoarding
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How do you distribute 10 homes among 10 people?
Ideal solution: Each person buys one home. There will be no bidding wars, no bubble, no housing crisis. Everybody lives happily ever after.
#vanre #cdnpoli #EngHomeHoarding
(H/T @TorMrktBubble)
Ideal solution: Each person buys one home. There will be no bidding wars, no bubble, no housing crisis. Everybody lives happily ever after.
#vanre #cdnpoli #EngHomeHoarding
(H/T @TorMrktBubble)
"Free market" solution: 5 people each buy one home. Sixth guy, a realtor, buys four. Now you have 4 people trying to outbid each other for the last remaining home. Prices escalate.
#vanre #cdnpoli #EndHomeHoarding
#vanre #cdnpoli #EndHomeHoarding
Canadian solution: Global capital sees the "Free market" situation. Turns the last remaining home into a commodity to buy, hodl, and flip to others on the global market.
The 4 locals are left wondering WTF just happened.
#vanre #cdnpoli #EndHomeHoarding
The 4 locals are left wondering WTF just happened.
#vanre #cdnpoli #EndHomeHoarding
