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Cute, now take a look at Canada. We are way way way past the bubble stage but it just won't pop because that's the only thing left of value here...
by Sytten 2y ago
Cute, now take a look at Canada. We are way way way past the bubble stage but it just won't pop because that's the only thing left of value here...
- paulpauper 2y agogood news: prices have plunged 50% . home are more affordable now! bad news: after prices went up 10x...
- rchaud 2y agoCanada's population is distributed VERY differently than in the US. More than half the country lives in a narrow belt running from Quebec to Windsor, Ontario, barely 100 miles from the US border. In the US, there are commercial/business hubs in many places where people can settle, from NY, Boston, Chicago, Atlanta and Texas. And I haven't even mentioned the west coast! Even in this article, the author says the growth in home builds have accrued to a handful of states in the South of the US. Supply elsewhere is still constrained, and costs are still high.