From: Governor Swill <governor.swill@gmail.com>
Newsgroups: can.politics,can.general,talk.politics.misc,alt.politics,alt.fan.rush-limbaugh
Subject: Re: Erection Day
Organization: Easynews - www.easynews.com
Date: Tue, 29 Apr 2025 10:50:05 -0400
On Mon, 28 Apr 2025 16:55:05 -0400, c186282 <c186282@nnada.net> wrote:
>On 4/27/25 11:51 PM, David Dalton wrote:
>> April 28 is federal Election Day in Canada.
>>
>> I called it Erection Day in the Subject line since one
>> main focus of all the platforms is home building.
>
> Well, 'home building' is important - but HOME PRICES
> are even more critical these days. The populations in
> Canada/USA haven't gone up very much, there ARE houses,
> but the PRICE ... wow !
>
> The 'good news' is that the latest real-estate bubble
> seems to be bursting. Of course for recent buyers and
> lenders that ain't such great news, but for Joe Canuk
> Joe American it'll be welcome.
>
> This will be TWICE in recent memory that there's been
> a huge real-estate bubble and crash. This does DAMAGE.
> Nobody learns a damned thing. Not sure what can be
> done on the legal/regulatory level to calm down this
> process - the consumers MUST have the wit to reject
> inflating prices, NOT buy until things stabilize,
> until the Gold Fever epidemic fades away.
The same thing always happens every time a real estate bubble bursts.
The investors who have cash or long lines of credit buy up properties
and rent them. This also ends the bubble sooner because so many
properties are taken off the market.
--
The Resistance