CBC News
And we begin entering the end game when it comes to the housing market bubble.
"Fifty-four per cent said they don't think prices will drop and will keep rising forever." Er, that's an alarming statistic. Nothing is infinite in a market. At some point in the future, a million dollar home will become worthless. And then rebound to its natural price. And a great many people are going to lose a whole lot of (fictional) net worth.
At this point, it's any year now. Perhaps it's any month now.
And we begin entering the end game when it comes to the housing market bubble.
"Fifty-four per cent said they don't think prices will drop and will keep rising forever." Er, that's an alarming statistic. Nothing is infinite in a market. At some point in the future, a million dollar home will become worthless. And then rebound to its natural price. And a great many people are going to lose a whole lot of (fictional) net worth.
At this point, it's any year now. Perhaps it's any month now.
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