China’s real estate market has effectively erased much of the gains made over the past 20 years. Yet, the People’s Bank of China was able to manage a massive highly leveraged housing bubble without triggering a single quarter of economic contraction or completely derailing growth in the broader economy. Perhaps there’s something Canada could learn from this approach. Sometimes allowing a painful adjustment in the short term is necessary to build a healthier and more sustainable market over the long term. I honestly wish Canada would take a similar approach to make housing more sustainable and accessible. Driving younger generations out of the market or forcing them to leave the country in search of affordability is not a healthy outcome. Eventually that comes with economic and social consequences. And I say this as a homeowner myself since 2018. I’m completely okay with some short term pain if it means creating a stronger, more sustainable housing market for the long term. I’d rather see prices and expectations reset now than continue kicking the can down the road. $XRE$ZRE$VRE$CHIR
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Beskar Capital@beskar_capital · 7d
China is f***ed. Wait until it's ALL over before your call to emulate. 🙏
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