https://www.zerohedge.com/markets/its-gone-parabolic-toronto-house-goes-612000-over-ask-after-bidding-war
This smells of loss of faith in currency, long interest rates, German Hyperinflation, it won't end in housing. This is much much bigger, like the end of borrowing completely due to massive default coming. The hunt for hard assets... rate hikes or regulations doesn't stop this sort of stuff. Hello 1981.... farmland appreciated faster then you could buy it. Also saw there's a rent program that govt covers. Rate hikes and regulation will get priced into this bubble, even tax hikes.
This smells of loss of faith in currency, long interest rates, German Hyperinflation, it won't end in housing. This is much much bigger, like the end of borrowing completely due to massive default coming. The hunt for hard assets... rate hikes or regulations doesn't stop this sort of stuff. Hello 1981.... farmland appreciated faster then you could buy it. Also saw there's a rent program that govt covers. Rate hikes and regulation will get priced into this bubble, even tax hikes.
Comment