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General Discussion

applegrove

(125,925 posts) Thu Sep 2, 2021, 02:18 AM Sep 2021

8

Tweet of the early morning:

Link to tweet

4 replies

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Tweet of the early morning: (Original Post) applegrove Sep 2021 OP

Glad he is trying to do something about this TheRealNorth Sep 2021 #1

There is too much liquidity in the world. Rich investors are buying up house applegrove Sep 2021 #2

That's what I was thinking too. TheRealNorth Sep 2021 #3

And some of it is foreign money too. Canada has charged foreigners a tax applegrove Sep 2021 #4

TheRealNorth

(9,629 posts)

1. Glad he is trying to do something about this

Reply to applegrove (Original post)

Thu Sep 2, 2021, 02:49 AM

Sep 2021

Runaway housing prices is an issue for me as someone looking to buy a house.

applegrove

(125,925 posts)

2. There is too much liquidity in the world. Rich investors are buying up house

Reply to TheRealNorth (Reply #1)

Thu Sep 2, 2021, 02:54 AM

Sep 2021

as an investment. Too bad the poor don't have a 'I don't know where to invest my money' problem. The ceos have already bought back stock. The interest rates are too low to buy bonds. So they f up the home ownership market for regular people.

TheRealNorth

(9,629 posts)

3. That's what I was thinking too.

Reply to applegrove (Reply #2)

Thu Sep 2, 2021, 03:00 AM

Sep 2021

We are going back to the Feudal System.

applegrove

(125,925 posts)

4. And some of it is foreign money too. Canada has charged foreigners a tax

Reply to TheRealNorth (Reply #3)

Thu Sep 2, 2021, 03:08 AM

Sep 2021

to buy homes in Toronto and Vancouver to try and stop house prices rising. Then Covid happened and housing prices jumped even more.

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