"Massive declines in real estate prices globally. The Australian and Canadian bubbles are ripe for the picking."
Add the ridiculous US land values that have NO relationship to productivity. I'd believe it is unsustainable for much longer. Nothing worse than Sask housing spike... unfordable for wage earners if interest rates rise.
Add the ridiculous US land values that have NO relationship to productivity. I'd believe it is unsustainable for much longer. Nothing worse than Sask housing spike... unfordable for wage earners if interest rates rise.
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