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Surging home prices, lower earnings burden young Ontarians, study says

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Canadian Realestate Magazine | 10 Apr 2017, 08:15 AM Agree 0
Surging home prices, lower earnings burden young Ontarians, study says
  • Don Johnson | 10 Apr 2017, 10:43 AM Agree 0
    People need to get a better education because no one understands law of supply and demand - the rise in price is same as 1991 and all the doom and gloom about rising prices of homes well 1992 saw first time buyers dissapear and prices dropped 30% - it was 2002 before prices got back to 1991 levels - so govt butt out - a correction is coming and your actions are going to make it much worse - but remember houses -food cars and other items are 10 times more expensive than 40 years ago - money buys less and less - in next 40 years 600000$ homes will be 6 million - steak will be 149$/ pound - - and why because the government keeps interfering and printing more and more money to pay for deficits -
    Forget saving the middle class - over half the deemed middle class income families have a family member employed by a government or near governmental group employer receiving funding from tax payers

    All the Wynn government cares about is staying in power and hell with good economic policies - as such if you want housing to stabilize its time the liberals need to be turfed and held accountable -
  • Don Johnson | 10 Apr 2017, 10:44 AM Agree 0
    People need to get a better education because no one understands law of supply and demand - the rise in price is same as 1991 and all the doom and gloom about rising prices of homes well 1992 saw first time buyers dissapear and prices dropped 30% - it was 2002 before prices got back to 1991 levels - so govt butt out - a correction is coming and your actions are going to make it much worse - but remember houses -food cars and other items are 10 times more expensive than 40 years ago - money buys less and less - in next 40 years 600000$ homes will be 6 million - steak will be 149$/ pound - - and why because the government keeps interfering and printing more and more money to pay for deficits -
    Forget saving the middle class - over half the deemed middle class income families have a family member employed by a government or near governmental group employer receiving funding from tax payers

    All the Wynn government cares about is staying in power and hell with good economic policies - as such if you want housing to stabilize its time the liberals need to be turfed and held accountable -
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