I think we're both far along the fiat death spiral AND the supply/demand ratio in Ontario specifically is so out of whack that strong demand continues for years. Mike Moffat's data sets on this are pretty enlightening.
Discussion
The Liberals are not going to win the next election, and the CPC plan to fix the supply / demand problem.
Not sure who Mike Moffat is, got a link to his thoughts?
The supply/demand problem is not likely to be fixed by anyone in power in a meaningful way because it literally gate keeps wealth creation for the rich and powerful.
💯 it’s not a supply problem. It’s a problem that Canadians put all their eggs in one basket and their houses become their retirement plan. They just keep buying houses at ridiculous prices.
Keep in mind, when the Canadian dollar is debased it comes directly on the backs of wage earners. The USD debasement is exported across many countries internationally. This could be one factor in why Aussie and Canadian real estate have outperformed US since 2008.
I think it’s more that US had its crash and people came to the realization that real estate isn’t a sure bet. Americans are also more likely to hold a variety of assets. Beavers love their houses and it’s made a lot of people a lot money. Recency bias.
Sorry, I don’t really understand what you mean.Are you taking about the outperformance in relative terms or in real terms? Or do you mean that the Canadian market has outperformed because the usd is stronger and Americans are biting Cad properties?
Can RE prices have outperformed US prices significantly. I think part of the reason for that is because the effect of the expansion of the CAD supply due to low rates is felt only in Canada. I’m theorizing that skyrocketing real estate prices are a strong indicator of debasement as Canadians end up monetizing their house as their SOV rather than Canadian dollars.
Oh, I see. The majority of those printed dollars have definitely found their way into the real estate market, rather than into the expansion of productive assets.
The oecd has stated that Canada will be the laggard over the next 15-20 years due to our lack of investment in infrastructure etc. our productivity gains have dwindled and will continue to hinder our prospects of growth moving forward.
Have you heard Pierre’s proposed solution? Literally it’s “remove the government gatekeepers”
Paretos principal. 80/20, it will always be.
And yet, the GTA PP numbers are still terrible. GTA loves the gates and the keepers.
Without the GTA suburbs PP can’t win. His Quebec numbers are even worste.
Correct, he has to pretend to be more progressive/Commie to get Ontario and/or pander to QC
Hahaha, exactly, while not pushing away the ppc voter. Not an easy task.
The PPC enthusiast loves to pretend they don’t exist in commie Canada and have some chance. It insufferable.
We call PPC maxis: freedom normies!
Spent over a year trying to orange pill that smooth brain demographic and we were stuck on pizza math and hacking private keys… maybe they could hack private keys with 99 0’s dice rolls though
They are right in almost every issue, but their delivery makes them incompatible with Canadian politics. Unelectable.
They are so bad, the LPC was leaking their ralies location just so PPC would come protest >.<
They make it easy for the NDP and LPC to label them with all their ‘isms and then frame the CPC as pandering to them and attempt to group them together. Meanwhile the Libs and NDP are basically the same party.
PPC is the useful idiot.
CPC are just under educated PPC.
LPC= CPC = NDP.
All globalist elites.
https://nostr.build/i/89534f01bf0eb507c05dde18645e981e2444e6561c6d17f3ec53350a2fbc5be0.jfif
This is why the only option is ‘BITCOINERS FOR TRUDEAU’!!
JDaddy is an accelerationist amongst a cohort of limp dick decelerationists like virtue signalling Pierre.
All I want from Pierre is to establish a beach head for Bitcoin. Removing gatekeepers sounds good, but practically speaking not counting on anything there.