DirectionNorth
Active Member
Unfortunately, we've created a moral hazard-free environment where anyone who buys real estate does so with the assurance - no, the certainty that they will profit off higher prices. It's complete insanity."There’s a listing for a detached home near Avenue Road and the 401, ... priced competitively, ... but there’s little activity in terms of offers from buyers..."
Ummmm... maybe if nobody is offering to buy it, it's not competitively priced?
Our cowardly political "leaders" are now catering to these "investors" with no sense of risk management. Retirement funds for the landed gentry, fuck the unwashed masses. Let them fail, I say - maybe we'll all learn a lesson on economic management from this shitshow.
Or maybe not, if the current governments' (at all levels) actions are anything to go by. /sigh