this post was submitted on 30 Nov 2023
44 points (97.8% liked)
Canada
7209 readers
210 users here now
What's going on Canada?
Communities
๐ Meta
๐บ๏ธ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
๐๏ธ Cities / Local Communities
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
๐ Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montrรฉal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown - Toronto Blue Jays
Basketball
- List of All Teams:
unknown - Toronto Raptors
Soccer
- List of All Teams:
unknown - General Community: /c/CanadaSoccer
- Toronto FC
๐ป Universities
๐ต Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
๐ฃ๏ธ Politics
- Canada Politics
- General:
- By Province:
๐ Social and Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
And so it begins. If mortgage rates don't drop within the next year or two before too many people's renewals come up, it's going to be a bloodbath. There are probably a lot of people with upside-down loans caused by inflated car prices too.
I'm pretty sure that's what most banks are waiting for and have learnt to better exploit the housing sector thanks to the collapse back in ~2008 (where they suffered zero repercussions). And where they picked up billions in foreclosed homes thanks to the crash, all for pennies on the dollar.
I mean think about it, it's these guys that artificially make the economy. Absolutely fucking wild the system is so broken and corrupt and everyone is just throwing up their hands like well that's life hur dur.
Questioning the system means questioning the most sacred of cows. Until people are ready for that kind of discussion, it's always going to be band-aid fixes.
What fixes tho? The banks are running wild and everyone is like โya itโs needed to control inflation.โ
Youโre taking money from all the consumers to try and force business to control their prices? How does no one else think this entire system is absolutely insane?