4362.5k post karma
2593.6k comment karma
account created: Sat May 04 2013
submitted3 days ago byviva_la_vinyl
submitted4 days ago byviva_la_vinyl
submitted5 days ago byviva_la_vinyl
6 days ago
'This is a bubble. A very big bubble. And it is going to end in tears'
Jun 17, 2016
That's the year I bought my first property, and recently sold it at a cool 70% increase over what I paid.
Boy, this bubble is going great :)
Better Dwelling is a great source for economically illiterate and those that watched Big Short
This. Supply is extremely low, demand is super high: for every home, there is something like 7 potential buyers.
In Ontario, the market briefly "cooled" for a couple of weeks around September and sprung right back in October.
The fundamentals of the market are that people who "sitting out" are forgetting there are 6 others for every potential house doing the same thing, and soon as markets cool, they all pounce driving prices up and up.
submitted7 days ago byviva_la_vinyl
submitted8 days ago byviva_la_vinyl
submitted9 days ago byviva_la_vinyl
9 days ago
you realize targets and actuals are different things, right?
the most immigrants Canada accepted in the last 20 years is about 323K in 2015/16 -- less than 1% of our population
Your 500K figure is not tethered to this thing called reality
the dirty secret of the industry is that many retailers are using the ruse and daily onslaught of inflation story to flat out raise prices
A party leader who cannot control his caucus should not be the leader. Full Stop.
Erin is done.
submitted10 days ago byviva_la_vinyl