this post was submitted on 02 Oct 2025
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So prices will go down, right?
...Prices will go down, right?
Economics is only a pseudo-science for the rich. For the poor, it's always an ineffable mystery.
Where is your source for this statement?
Nothing goes over your head. Your reflexes are too fast. You would catch it.
Cool thanks for the source clown.
I really don't understand, how do people have the gaul to make such an outlandish comment and publish onto the internet? At least try to prove such an outlandish statement with something.
You're asking for a source for a snide comment "published" on lemmy.
Get a clue.
there are over 100,000 empty in Ontario.
These idiots who keep telling us housing is priced by supply and demand need to fuck off.
The market can stay irrational longer than you can remain solvent.
Like. Since all these Ricky dinky pieces of shit started being out I've firmly believed they were a ticking time bomb waiting to happen. I feel like the whole fucking real estate market is.
Sooner or later the chickens will come home to roost.
Bkawwwwww
Maybe for a bit as those companies go out of business. Then they go way up because there's no new houses. Or we could solve whatever the underlying problems are.
The underlying problem is houses are priced to high. There is no such thing as an "unsold home" - they are overpriced. Mystery solved.
The thing we're worried about here is unbuilt homes. I think I actually laid it out pretty clearly.
Overpriced homes will go unbuilt, as will homes for foreign investors and homes for short term rentals. That's all good news so far. Demand for affordable homes for Canadians homes will continue, and so will supply. Supply of those homes will increase as supply of the overpriced decreases - ie when the real estate industry starts building what people want and no what they want to sell.
"homes will go Unbuilt if we don't bend over for the real estate industry" is exactly the same lie as "if we tax Job Creators the jobs will go away".
The homes in the article were the affordable kind.
The absolute gall of you, talking about solving problems. Are you even thinking about those poor rich folks out there?
Actually no. This one might not have anything to do with them; few people benefit from homelessness, and the article itself mentions some nebulous thing about the laws governing developments in Vancouver.