lol. Fredericton, New Brunswick saw half of its new condo supply scooped up by foreign buyers.
HALF!!!
HALF!!!
2/ The play is finding the cheapest place in Canada, and scoop up as much shit as possible.
Canada intentionally tries to inflate home prices knowing supporters don't understand how the sausage is made. They don't care, it's politics. They just want data to brag about.
2/3
Canada intentionally tries to inflate home prices knowing supporters don't understand how the sausage is made. They don't care, it's politics. They just want data to brag about.
2/3
3/ Take imputed rents for example. This is the amount a homeowner "pays" themselves to live in their $2 million crack shack.
This is included in self-employment income. Hey, look at you — you're a tenant and a landlord. No wonder you treat your house like crap.
This is included in self-employment income. Hey, look at you — you're a tenant and a landlord. No wonder you treat your house like crap.
4/ It can't be that much, right? Well, renters paid an estimated $19 billion in rent in Q3 2021, accounting for ~5.6% of household spending.
Owners' imputed rent? $57 billion, or about 16.5% of household spending. 1 in 6 dollars households spent in Q3 2021 was fake rent. Nice!
Owners' imputed rent? $57 billion, or about 16.5% of household spending. 1 in 6 dollars households spent in Q3 2021 was fake rent. Nice!
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