8 ms·
Toronto overbuilt tiny condos and now prices are down 15% from 2023 peak. Other types of house prices are roughly stable. Hard to draw too many conclusions s
by bryanlarsen 10mo ago
Toronto overbuilt tiny condos and now prices are down 15% from 2023 peak. Other types of house prices are roughly stable.
Hard to draw too many conclusions since "down 15%" is still "way to fricking expensive", but...
- jeffbee 10mo ago"overbuilt" seems editorial. Drive the price to zero. Nobody says that we overproduced potatoes just because they are all ten kilos for a dollar.
- bryanlarsen 10mo agoThey certainly do say that about potatoes in producer contexts.
- jeffbee 10mo agoTrue, but our response (in America) is just to pay off the producers to keep food market prices low.