Outlook on the housing market

[@maxpayne7419]

Real estate is a terrible investment for the next 5-10 years. The only reason a rational person would buy a house/condo is for a primary residence you plan to live in for 5+ years. I feel bad for anyone who owns a rental property.

[@stephenn88]

Why? Renting is better than buying

[@calvinwong365]

this going to take aleast 10 years to recover. maybe even 20 years thanks to this fucking govnerment

[@techthugs]

I think its 2-3 more years because its already been 2+ years of stagnation. salaries are up 25+% from 2019 ,fixed mortgage interest rates will be little lower soon (3.75%)

[@Rangeveiw]

print money, = Inflation, het this government out of here. Balance budgets, smaller government.

[@shawnjrmcleary8237]

Housing builds is falling off the cliff. Down 80% year over year. Unemployment in construction is going to skyrocket

[@SarcasticLittlePrick]

I work in construction. 💰 🤑

[@bc5810]

As fixed mortgage rates are on the rise, the renewals in 2025/26 are going to be brutal on mortgage holders, especially with households maxed out already.

[@isaiahsmith8523]

How is building inexpensive homes a solution to affordability? Builders are in it for profit, not people. Housing was not affordable before the pandemic.... Am I just living in a different country than these guys?? We have working homeless living in tents because housing is out of reach.

[@matcha_whirlpool]

can you not have this guy on again? anyone that says supply is the only solution to our housing market lost all credibility the moment they mention that

[@citizenm9590]

The new generation arent interested beijg locked down to a house or condos they are about traveling and beijg mobile is the way to go. Look at Germany

[@bdegrds]

It's a buyers market, condos 250k starting, in Toronto and only 5% down. No reason young generation can't afford, they just have to actually work

[@taylorens2750]

No one wants to live in a dog crate sized condo

[@siddiqze]

@@taylorens2750alternatives are street, tent, parents house etc. That condo is a starting point by getting your foot in the door.

[@taylorens2750]

@@siddiqze alternatives less red tape, less low skilled immigration, less poor fiscal spending, less incentive real estate loopholes. We can both play that game.

[@billnyeisafraud]

250k if you wanna live in the ghetto with a bunch of criminals and "new students"

[@parkerbohnn]

Condos start around the $500,000 mark in Toronto and at least $400,000 in the GTA. In Markham where I live nothing is under half a million.