Quote:
Originally Posted by Riverman
Perhaps because a lot of people want homes and there aren't enough of them to go around?
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Quote:
Originally Posted by OTA in Winnipeg
There is a reason. Realtors got greedy and illegally set up bidding wars starting in Toronto. Then it spread across the country.
That's what happened.
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These certainly contributed. It’s a complex situation but it was purposefully allowed to get out of control by all levels of government and I don’t think people realize just how significant it’s effects will linger for generations to come. It’s just another thing to add to growing wealth inequality that will see Millenials and later generations having it worse off than previous generations. What do you think it does to people knowing that the chances of them having a better life than their parents is painfully low no matter how hard they work? On a macro level, how do you think this effects society and the economy?