171
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
171 points (95.2% liked)
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Crashes only hurt regular people. People who have money/capital can wait it out and then buy even more housing to make the bubble bigger next cycle.
source: lived through 2008 and that fucking sucked
Yeah well high prices only hurt regular people, too!! It's almost like we're getting fucking squeezed by our economic masters, eh?
Same and I don't think a housing crash would hurt just the poor like say a 2008 style crash (it would still hurt the poor because everything does). I also don't think there is any other option other then a crash, things are too out of hand bubble wise. It would be cool if someone in power could get crazy serious about the issue but there is no will and it is likely to late.