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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…
I have made use of our local community newspaper (Stouffville Sun-Tribune) to voice my opinion on a number of issues. From a guest editorial to letters to the editor (see this and this as examples). And, when one of the columns writers threw out a challenge to readers to share visions of all the positive changes that the Town should envision as we continue to grow at one of the highest rates in all of Canada (see this), I had to respond. The following is the text of that response:
So, a question I’d like to pose to readers in this discussion is this: given the other side of the coin, do we really want the growth targets imposed by the ‘state?’ Or do we tell our leaders to stop now, while there is some ‘country’ left in the Town.