Let it fail.
Government intervention makes it worse. Prices rose across Canada *because* of the government.
They thought prices would fall 30%, and tried to stop it by pumping billions into the market.
The idiots overestimated the pandemic though, and sent prices soaring.
Government intervention makes it worse. Prices rose across Canada *because* of the government.
They thought prices would fall 30%, and tried to stop it by pumping billions into the market.
The idiots overestimated the pandemic though, and sent prices soaring.
https://twitter.com/ronmortgageguy/status/1363982251533496320
2/ If the government "saves" the market once more, Justin Trudeau's legacy will be ruining the lives of 2 generations.
This isn't a political exaggeration. The setup is similar to the cause of Japan's hikikomori.
This isn't a political exaggeration. The setup is similar to the cause of Japan's hikikomori.
3/ Hikkomori are middle class kids become socially withdrawn from society. They live with their parents, and don't rarely leave the home.
Why? Because what's the point. You can't make enough to have a life, or afford a home. That's for rich kids, that have a safety net.
Why? Because what's the point. You can't make enough to have a life, or afford a home. That's for rich kids, that have a safety net.
4/ Interestingly, it's rare for poor people. Experts think this has to do with the fact they are required to leave the house, and don't have parental resources to support them if they didn't.
Any way, people think the real estate bubble goes back forever, but it started in 2016.
Any way, people think the real estate bubble goes back forever, but it started in 2016.
5/ Something happened in 2016. I wonder what it was... OH RIGHT. They elected a guy that appointed someone who literally referred to himself as a "bay street guy" to be finance minister.
It's a mystery why two generations were looked over in favor of banks growing their books.
It's a mystery why two generations were looked over in favor of banks growing their books.
6/ Anyway, take it take or leave it.
I don’t really care since my household isn’t cost sensitive.
... But you know, you’re kind of an idiot if you’re impacted by this and keep voting for it.
Don’t listen to the Boomers and Gen X. They’re looking out for themselves.
I don’t really care since my household isn’t cost sensitive.
... But you know, you’re kind of an idiot if you’re impacted by this and keep voting for it.
Don’t listen to the Boomers and Gen X. They’re looking out for themselves.
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