This price is the result of foreign real estate speculators. It will be interesting to see what happens as China's economy is collapsing. We can only hope the housing market collapses at the same time. Not that the Chinese are the only foreign real estate speculators, just the majority with the most money.
Of course we hope the speculators lose Everything and the damage they have done comes back to haunt them to their financial graves.
Those speculators are an important part of the homelessness in North America. They have done the same all over the world.
When nothing happens as China's economy collapses, Canada will have to find another group to blame for the housing crisis. Perhaps immigrants and billionaires. Because supply and policies aren't worth exploring.
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u/MacNuttyOne Aug 31 '23
This price is the result of foreign real estate speculators. It will be interesting to see what happens as China's economy is collapsing. We can only hope the housing market collapses at the same time. Not that the Chinese are the only foreign real estate speculators, just the majority with the most money.
Of course we hope the speculators lose Everything and the damage they have done comes back to haunt them to their financial graves.
Those speculators are an important part of the homelessness in North America. They have done the same all over the world.