Olduvaiblog: Musings on the coming collapse

Home » 'Cognitive Bias' » Guaranteeing a Housing Market Crash in Canada

Guaranteeing a Housing Market Crash in Canada


The following image depicts an advertisement that came within our local community’s newspaper, The Stouffville Sun-Tribune. It is a perfect example of the type of market behaviour that will ensure people who cannot truly afford to own a home, that already are experiencing financial distress and should not be seeking to go further into debt,  will be caught in even worse financial straits when the most-overvalued housing market in the world collapses. Canada’s own subprime mortgage fiasco in the making…

image

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