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submitted 1 year ago by sbv@sh.itjust.works to c/canada@lemmy.ca

At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.

Honesty is saying that home prices have to fall. But this is progress.

The Generation Squeeze folks have recommendations.

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[-] Someone@lemmy.ca 2 points 1 year ago

I think you could argue that the market is slowing or declining, I disagree now but I could be swayed.

Saying the market is crashing though is like saying you crashed your car when you hit a pothole. Sure, if you look at a big car crash in the past someone may have blown a tire in a pothole before causing a pileup, but millions of people hit potholes every day and most are nothing more than a momentary slowdown.

I'm not saying a housing crash couldn't be coming, but it's unreasonable to infer that one is happening based on the data you showed.

this post was submitted on 23 Sep 2023
146 points (96.8% liked)

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