Nearly 2 in 3 homeowners won't sell because of how much it costs to buy again: CIBC

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.

Comments

Private Equity is a TERRIBLE Investment... Who Keeps Giving Them Money? — How Money Works

Not too much to comment. Business in the USA and by extension Canada is bad right now. Probably for a generation. We really do need a generational plan to get us out of this mess. A ten to twenty year program, unfortunately. Placing pieces onto the board and moving them where they need to be to make things work again. By pieces, I mean people. We need good strong policies to implement as well. There's a lot to think about.

The way forward

I've been a in deep, deep depression these past couple years. I'm naturally manic-depressive, but I've also been genuinely sad, without an inkling of what I've needed to do in my personal life. I've been lost, and I've lost some friends. Well, I'm still lost, but I'm emerging from my sadness. I've taken a lot of time to think whilst in my funk. I'd been thinking, "How do we extricate ourselves out of this mess we've placed ourselves? What is the way forward?" I've found no answer. There's no clear path forward. There's no strategy, no long term plan that can really account for every possible setback that will occur. I suppose that's true of all plans, though. "Plans are worthless, but planning is everything." The solution then, I guess, is we need to wing it. Improvise. Get tough, and push forward. Suffer the pains from the blows we will receive, without flinching. Start moving forward to a place we wan...

Carney speaks after capitulating to Trump's demands

Dunno how else it can be explained other than capitulation. Carney, you weren't elected to kowtow to Trump. You were elected to stand up to him. Canadians may even start to get buyers remorse for ditching Trudeau for you when he showed far more backbone than this. At least he cared more about Canadian sovereignty than this act. What exactly have you extracted for this? What benefit did this provide for Canadians compared to the billions in revenue Canada stood to gain from the Digital Services Tax as well as protecting Canada's ability to create its own taxes?

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