179
Canada likely sitting on the largest housing bubble of all time: Strategist - BNN Bloomberg
(www.bnnbloomberg.ca)
this post was submitted on 23 Aug 2023
179 points (95.9% liked)
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So you're telling me there are no problem of housing in Canada and no one is poor or dying because of it? But then why are we even talking if housing problems are unknown in your country?
I'm not saying that, I'm saying they people saying they want to see the bubble bursts and everything crash in Canada just don't understand what would happen if it did and it would make the issues with the housing bubble look like a freaking joke and would create a lot more poverty and kill a whole lot more of those who are complaining now and it would solve absolutely nothing for these people in the long run because they would just have more people competing against them for cheap housing while the rich would snatch all the properties getting repossessed. More demand, less offer, we're back to the same bubble in a couple of years with the average citizen even poorer than before, just like in the USA after 2008.
I don't care about Canada. It's a world bubble.
Then get the fuck out of a conversation about Canada's housing bubble.