The Dirty Secret of the Housing Crisis? Homeowners Like High Prices

The Dirty Secret of the Housing Crisis? Homeowners Like High Prices
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[@JerryFacts790]

When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work - the most you will make is 5 dollars.

[@ThickMommy]

Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

[@Grace-uj6ey]

Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.

[@DaveMorris894]

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

[@ChristineMeier963]

Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@DavidFinley812]

I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.

[@charlescg3904]

It's not other homeowners responsibility to make sure everyone has affordable housing. You can't punish one class in order to make things 'fair' that's now how market economy works. It's the government's job to figure out how to create supply or incentivize affordable housing not by taxing and 'regulating' those who may be a bit better off. The only regulation that makes sense is perhaps not allowing commercial entities to buy up residential private freehold properties

[@markz1013]

Buddy! Houses doubled in a few years! There is no way that this makes any fundamental and economic sense whatsoever in any country at all.

[@donm2067]

​@@markz1013guess he doesn't count the mortgage forbearance and ultra low interest rates as government intervention. Lol what a Muppet.

[@charlescg3904]

@@donm2067 The Bank of Canada isn't technically government, it's a central 'corporate style run' bank that the government technically can't control and interest rates are based on inflation which IS due to government intervention (uncontrolled spending)...some may argue conspiracy theories and how to influence each other but that would apply to the entire Western world's fiscal policy then not just Canada. True Government hand is when you try to tax or restrict ordinary citizens from carrying out business based on their 'socio-economic characteristics' and classifying them based on that. That's socialism at its core. Unfortunately it creates inefficiency in the long run and corruption, you'll end up with Soviet or Chinese style systems which end up being even more unequal when you remove the 'middle/upper middle class' and only have 'welfare dependent serfs and rich monopolistic oligarch corps (gov connected/friends/fam of the dear leader)'

[@charlescg3904]

@@markz1013 It's very much expected given all the money printing, money supply more than doubled. Supply/demand of monetary policy. The more of something you have in the market, the less it's value/worth so it takes more of that currency to buy assets/goods and services (prices go up). This happened everywhere around the world in G7 countries. American homes also doubled in many places. Add on top of that rapid immigration and uncontrolled corporate greed in the real estate market. Regulation in a market economy should revolve around ways to make the market more efficient (encourage commercial competition to breakup monopolies by getting rid of red tapes for startups) and to protect consumer interests i.e commercial markets shouldn't be competing for private residential homes/resales with private ordinary citizens.

[@markz1013]

@@charlescg3904 by doubling you've created a class division where homeowners are now sitting on a lottery win while non have no chance in hell to ever afford a home. Tell me how this is sustainable? Are you willing to take a huge hit on your home wealth.

[@maxgong009]

Very informative. Thanks Zhen for always keeping us updated 🎉.

[@PrimePropertiesTO]

My pleasure!

[@isaiahsmith8523]

We need rent control. People shouldnt have to dread renewing their lease every year.

[@jody-ne7xs]

Rents need to go way up in CDN capital gains taxes need to be passed down the line and made up for by the consumer/Renter

[@Chris-se3nc]

If home owners need to dread resetting mortgages, so should renters dread the correlated rent prices.

[@Jp1904lt]

Hell no. Then give us the equivalent to mortgage rate control.

[@user-yb6zp3om4k]

ya but if you need a dishwasher and 1000 show up we have a problem, why would it be different from greedy investors

[@Bittersweet721]

More like home price didn't rise
It's the Dollar devaluation

[@donm2067]

It's both, take inflation into account and the houses would be 60% less.
Realtors just did a good job of pumping that market.

[@PrimePropertiesTO]

Bingo!!!

[@BuilditUniversitycom]

Take housing as investment out of the picture and just look at the rising price as an indicator of our dollars value loss. Nobody is buying their groceries thinking of it as an investment, but they are seeing the prices reflect the loss in value of the Canadian dollar. People are decoupling from the markets because they see the game is fixed, bailouts for rich gamblers at tax payer expense, so they are withdrawing into their own space and not playing the external game.

[@mateofernando5066]

My favorite pearl of wisdom: "Everyone agrees on the idea of affordable housing, until the time comes to sell their own house or property".
🤔🤔🤔

[@PrimePropertiesTO]

Preach!!

[@jody-ne7xs]

Guess who really likes high prices. GOVERNMENT. The more to tax you with. Try and hold on. You won't make it! You lose your house you lose your house... get out of debt now! Cndn dollar goin to .55

[@butwhytharum]

Use your home to get a loan with nuborrow🎵