this post was submitted on 14 Jul 2023
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The bad actors of the housing market would have to give up a LOT of their capital at this point to fix the issues we have with it.
I have little faith that thatโs likely to ever happen.
The capital would flow out pretty quickly if something more compelling came along.
We saw exactly that watching our friends to the south in 2006 when "Web 2.0" started attracting investor interest towards tech, prompting the now-famous housing crash (not to be confused with the securities crash of 2008).
Trouble in Canada is that we're so busy going to university in a quest to attain degrees to maintain our "most educated nation in the world" status that we forget to actually do anything.