Author Topic: Interesting videos  (Read 8395 times)

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Offline Queefer Sutherland

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Re: Interesting videos
« Reply #240 on: January 14, 2020, 09:50:30 am »
3. Housing collapse, but that will also hit the aspiring middle class who are trying to rise up by speculating on land.

Housing prices in Toronto started to rise, so people started to buy investment property, which made it rise more, and then the recession happened which dropped interest/mortgage rates massively, which made everyone who could afford it buy an investment property.  The government has failed.  Houses and condos should be owned by the people who live in them, not speculators, who just drive up the price for people wanting a roof over their head.  Significant taxes should be levied to people who don't live in the residential properties they own, foreign or domestic.

Over-speculation is the cause of almost all market crashes.  As always, markets will either be corrected by regulation to reign in speculation, or by the market correcting itself.  After a correction, most people will be stuck with an investment property they can't even afford to sell.
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