People can only just barely afford their mortgage with the current low interest rates, once those go up they will all have to sell their houses which will bring down prices

@H E C K im talking about the united states bro

It's the same situation in Canada

Hmmm

or at least similar

low interest rates, collapsing stock market

Isnt it inpart because you guys have a bunch of rich chinese people buying properties for insanely higher prices

Foreigners willing to pay exorbitantly higher costs

Out west, yeah. At one point they could buy a house they didn't even live in or rent out. Just holding onto it they could make a fortune by selling it a year later with the price of the house now double what it was

It got so bad that tent cities began to form in Vancouver's downtown parks

Damn thats wild, though i think something similar is happening to my west coast aswell, though on a smaller scale of course, since the prices do remain a bit more costly, and the impact is minimized for the simple reason we have a larger population

Arabian princes are known to buy up west coast properties as well

Out in Eastern Canada there's a lot of rich people who will buy up entire blocks of houses to rent out. Few homes in my neighborhood are actually owned by the people living in them. My landlord owns every house on my block.

aren't the official fedoras drop shipped to their parent's basements anyway?

They're all $600,000 to $800,000 homes btw

single detached 2-storey homes

Ive heard of similar stories in new york, i remember there being a fire which killed a lot of people, and they were never recompensed due to the corporate shield we have in the states for liability

It was a property family that owned close to 20,000 properties

2000

jeez that's a lot of real estate

I know its in the thousands

Yes it is

Anyways the rich will stomp on us poor peasants

Though i personally live in a rich zipcode where the majority own their own home

Crossing a single bridge brings you from luxuary to ghetto

Ghetto real quick

Im not rich myself so i live on the border of this zipcode

But its a very nice place

I get that. I'm from a middle class family but most of my family lives in west end Toronto, which is a rougher area than the tourist-y downtown core

I regularly visit and am used to the stuff that goes on down there

especially as we just broke a record for homicides this year

Thats rough, i feel for you bro

Oh and as we were talking about house prices: My grandparents in west toronto own a victorian apartment built in 1935 with two floors and a kitchen on each floor. It's falling apart and has not been updated in any way on the inside or out. It's worth over a million dollars

Toronto has been getting fucked but it ain't proper fucked yet
t. BC resident

Black guy: can i get some white turkey meat?
Lib: ofcourse, racist...
Black guy: uhhh, can i get some breast meat?
Gun nut: alright, white tiddies...
Man matbest is hilarious

https://youtu.be/tSbg9pcV_Do

imagine being a sentient cum dumpster

This guy needs to chill out: ⬇️

Why oh why couldn't we pass legislation that mandate 90% of all new bus sales be electric by 2030? This would give the industry a roadmap for building the required manufacturing infrastructure to build them. These are our children. This is our planet. The money saved over time would help school system budgets. Put solar on the bus depot roof to charge them during the middle of the day and on the weekends. The V2G aspect during the summer or down times is very interesting. We've got to build out battery manufacturing capacity... The solutions are in front of us, we have to find the political will to implement them.

https://www.youtube.com/watch?v=OEt3Wti_T40

@Timcast give us photos in voice general

@Salacious Swanky Cat he sounds like an authoritarian