matthewb
@matthewb
crazy that millennials were largely priced out of both home ownership and starting a family in like ~10 years flat. impressive work by our govs.
3 replies
3 recasts
28 reactions
Thumbs Up
@thumbsup.eth
I had friends and family sell out of their residential properties within the last decade and I told them they’d be renting from now on. No one believed me. Guess what happened?
1 reply
0 recast
2 reactions
matthewb
@matthewb
yeah… it’s remarkable how the housing market has gone up and to the right like a speculative bubble but somehow refuses to ever meaningfully correct. the last ~10 years have blown my mind seeing my neighbourhood go from 300k-400k to 800k-1.2M. feels like it happened overnight.
3 replies
0 recast
3 reactions
Kyle
@banta
Same. Kick myself for being too broke to buy anything 5 years ago, because everything around me went from 400-500k to 1.3-1.5m in that time frame. And now I know it's not happening unless I get incredibly lucky. There's almost nothing reasonable that doesn't involve immense luck that could make up that delta and make it "affordable" to purchase anything.
1 reply
0 recast
3 reactions
Stuart
@olystuart
Real estate cycle bear market est to come back in a year or two. The trick is not getting washed out with the rest of the economy between now and then, GL to all of us 💀
1 reply
0 recast
0 reaction
Thumbs Up
@thumbsup.eth
Reasons why I support NDP, QS, and to a lesser extent Liberals. The only people trying this guarantee that housing supply will increase to match demand while everyone else just hopes that low enough interest will spawn a REIT boom or whatever the fuck
0 reply
0 recast
0 reaction
