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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
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Is this a conclusion based on just direct impact, or did you consider the risk of people trying to bail out of a perceived-collapsing market in fear of an ever more challenging monthly payment?
I'd agree if you said it'd be difficult to even guess at the exact effects if people started panic-selling houses to unload on income properties to limit their risk - my own family was caught in that in the early '80s Calgary market and we've never recovered - but is there a nod to the potential for that slippage in your conclusions?
That's a MASSIVE stretch for a typical family of 4 on your average income scenario, Once you factor in all the utils, maintenance... the $400 to $500/month property taxes, a $650/month car payment (an average family has a car payment)... and the incredibly high cost of food... they will be well over stretched at a 50%.
Plenty of big, big funds have massive exposure to short sellers
DRS GME to stop global financial crime
Lmfao.
Pump and dump would imply it was a short-term play, but you can be on the sidelines when it goes down, seems fair to me.
Certainly couldn't be the global instability in housing markets