3 ms·
Yeah, the US housing market is just too broad to be talked about as one thing. This used to be the case in Canada, where housing was really bad in Vancouver and
by martythemaniak 3y ago
Yeah, the US housing market is just too broad to be talked about as one thing. This used to be the case in Canada, where housing was really bad in Vancouver and Toronto, but alright elsewhere. This is just not the case anymore and the last ~5 years or so the Vancouver/Toronto problem has become very widespread. Small cities and town now have insanely high costs as well.
- randcraw 3y agoSo have undeveloped land prices risen as much as existing houses? It seems like the obvious solution is to add new housing outside of town to serve the unmet demand, as every metro area in the US has done for over a century. With so much land and so few people, why hasn't Canada done this too?
- TheRealPomax 3y agoBecause most of Canada is uninhabitable. It's like asking why the entire state of Alaska has fewer people than live in Seattle if it has so much land. And not "metro Seattle", just... Seattle.
- raydev 3y agoTo be fair, even if most of Canada is uninhabitable, there's still plenty of undeveloped habitable land.