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House prices are sticky (no one wants to sell for a loss). Eventually they will fall though, as long-term unemployment rises (the effect is delayed until peopl
by Mikeb85 11y ago
House prices are sticky (no one wants to sell for a loss). Eventually they will fall though, as long-term unemployment rises (the effect is delayed until people burn through savings/severance packages and/or run out of EI).
- throwaway2048 11y agoThe housing bubble in canada is fueled largely by foreign money, the majority being chinese.