NOOOOO YOU CAN'T JUST MAKE A PREFAB HOUSE. IT HAS TO GO UP IN VALUE 30% PER YEAR
> LOL @ priced out renters!
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 20-30% yearly price appreciation.
Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas. This asset bubble is different than all of the previous and other asset bubbles - it will never slow down, or pop. The gains are permanent.
Genuinely can't tell if this is sarcasm or not.
Still. I can't believe we have tent cities in places as cold as Calgary. (It's legitimately possible to have snow in July here)
Another piece of real estate media that aroused ire at the time;
(Thank you for the memories @pud.)