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bryanlarsen
42 days ago
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The housing market isn't for single people
Toronto overbuilt tiny condos and now prices are down 15% from 2023 peak. Other types of house prices are roughly stable.
Hard to draw too many conclusions since "down 15%" is still "way to fricking expensive", but...
jeffbee
42 days ago
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"overbuilt" seems editorial. Drive the price to zero. Nobody says that we overproduced potatoes just because they are all ten kilos for a dollar.
bryanlarsen
42 days ago
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They certainly do say that about potatoes in producer contexts.
jeffbee
41 days ago
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True, but our response (in America) is just to pay off the producers to keep food market prices low.
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Hard to draw too many conclusions since "down 15%" is still "way to fricking expensive", but...