Originally posted by dmlfarmer
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43% of people in Vancouver can't afford the houses they are living in.
Add 1+2.
All the "red hot" growth in Canada has been from real estate and government spending... The first will crash thr economy the second is going to put our children's children in the poor house.
Compare to the US numbers for the past 6 months that everybody in the media wants to so desperately run down...
3% growth from real estate and government or 3% from hiring factory orders and increased production. You pick.
And now I'm not saying the USA is great they are in a major bubble with their stock market and QE but we are worse off right now and actually need to take heed.
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