Most Canadians do not want a housing market “comeback”. We need a crash, with the federal and provincial governments lowering costs by building. And tax changes to decommidify housing.
“It feels like the best case for housing is five or 10 years where price growth tracks sideways and you get the relief coming through income growth,” Mr. Doyle said.
“But the risk is things spiral with this trade war and we’re into a stagnation environment where it’s not a sideways movement any more, it’s a sharp downturn.”
Mine like tripled. It’s fucking stupid - my house is not worth its current price. I’ve been hoping for a housing crash for a long time. I don’t know why people are excited about their house going up - like, congrats you sold your house for more than you paid and now you get to buy an equally inflated house…
Because they’re all land baron geniuses because they bought a box to live in and the price went up insanely.
I’ve owned my own home for many years, but I’m under no impression I was some sort of Einstein because it’s now worth way more than it ought to be. I don’t get these people and I have more than a few of them in my life.
Because they own multiple and plan to sell them and retire.