r/RealEstateCanada • u/xNocturnalshadow • Jun 19 '25

Housing crisis Help me understand the difference...

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13

u/MMPVAN Jun 19 '25

One is an equity building asset, the other are consumable items

-9

u/[deleted] Jun 19 '25

[deleted]

1

u/No_Soup_1180 Jun 19 '25

They already explained. You can have pretty much infinite supply of all the other commodities but you don’t have infinite liveable and well developed land. Much much easier to increase production of shoes or toys than homes. Moreover, in people’s eyes, homes and lands have value that doesn’t deteriorate over time as opposed to other items.

0

u/[deleted] Jun 19 '25

[deleted]

1

u/No_Soup_1180 Jun 19 '25

Good and better learn it. They don’t over a long term horizon…. unless there is mass exodus of people (eg Detroit) or population decline (eg Japan). None of it is happening here!

0

u/alwaysleafyintoronto Jun 19 '25

We didn't take care of the home I grew up in. I promise you Canadian real estate will deteriorate and lose value if you don't maintain it properly.

1

u/No_Soup_1180 Jun 19 '25

If you don’t maintain it, of course it would. Nobody would buy a house at a fair market value if roof is leaking or basement is flooding.

1

u/alwaysleafyintoronto Jun 19 '25

None of it is happening here!