Consumer Price Inflation and Asset Price Inflation are having a fight if Deflation loses the market will need to REDISCOVER Prices: Brynn Lackie Says In Toronto real estate, the party’s over – July 3, 2022,

 

 
a reminder to the reader that the pandemic boom, should have been a pandemic crash, anyone with half a brain who couldn’t afford to pay their mortgage when Justin Trudeau shut down the economy, should have known right then and there, that now is the time to sell if I’m overleveraged. If the housing market does crash, you definitely can’t blame the current Prime Minister, because he gave you ample time to get out of dodge.

Click Here For The Live Marketing HQ Official Copywriting Guide

You had to know something felt strange when the Federal Government began sending Canadians free money and banks began to allow debt deferrals. Debt is free? Why didn’t somebody think of this before? Ofcourse debts were not free, the debt was being DEFERRED, now if you’re one of those idiots who imagined debt deferrals and Univeral Basic Income was an inevitability, you clearly do not understand that these socialists schemes were tried in Argentina, Greece, and recently Venezuela and bunch of other countries that I can’t remember off the top of my head because there have been so many of them.

Click Here For The Live Marketing HQ Official Copywriting Guide

The housing boom during the pandemic was a HOUSING crash, it was merely deferring the crash to another date, because why have a housing collapse when a few people here and there can go UNNOTICABLY bankrupt and others can simply spend less. Left-wingers, socialists, progressives whatever you want to call people who love Big Government are actually going after your STANDARD OF LIVING when they give away things for free.

A lot of people in the Canadian housing market are FLIPPERS, and/or hoarders of real estate. Maybe they’re hoarding it for their children or grandchildren or friend, a lover, etc, these more wealthy and affluent people, likely calculated the possibility of a rate hike long ago, and are prepared to weather the storm.

Publish Your First eBook Today Click Here For eBook Designing and Ebook Publishing all in one

What will be interesting will be the people who never saw this coming because this is more than just asset price inflation remaining at a standstill, it’s consumer price inflation consumer more of a person’s SPENDING. If I’m paying more for EVERYTHING I consume, a million-dollar house is a lot more expensive. In many third world countries, where Gas isn’t centralized, the people have to buy containers of gas just to cook food.

In most undeveloped nations, a refrigerator usually doesn’t come with the apartment, water is a separate bill, electricity is a separate bill, you might not even have an operational toilet or shower, and owning a property usually costs less because the government does a lot less. In Canada, being a renter is actually a great deal in comparison to owning a home, but not by our own standards ofcourse.

Publish Your First eBook Today Click Here For eBook Designing and Ebook Publishing all in one

But as the Canadian government goes to war on our standard of living, price rediscovery is inevitable, because what government regulations are is a war on innovation, we now have CLEAN coal in the world, but because the Leftist hate fossil fuels NO COAL is the goal, meaning that making fossil fuels more cleaner is UNACCEPTABLE.

From a housing perspective, what this means are HIGHER COSTS and higher costs of living equate to a declining standard of living, because now fewer people will have access to what are quickly becoming SCARCE resources. So is the party over as Brynn Lackie says? in regards to PRICES, I don’t know, my bets are that the Central bank of Canada blinks first, as we’re seeing with the airport fiasco, Justin Trudeau has only one go-to plan, tax and spend.

Publish Your First eBook Today Click Here For eBook Designing and Ebook Publishing all in one

This Liberal government doesn’t fix anything, they throw money at problems, then tax and regulate their opponents. Because of the number of people on Welfare in this country, we’re in a race to the bottom situation. You have to look at things from a person on government welfare perspective. If you’re on welfare you don’t care about higher prices, your goal is to keep this welfare gravy train rolling, so you’ll likely vote for whoever promises to keep your welfare checks coming.

Publish Your First eBook Today Click Here For eBook Designing and Ebook Publishing all in one

What this means from how I look at things is that the Canadian economy is likely going to come to a screeching halt at some time! When the Canadian economy is on the decline, I think that will be the time, when Austerity measures will be FORCED on the government. Regarding housing, who really cares f the party is over, people only care if they’re directly affected and as long as the bankruptcies don’t come all at once, it will just be one of those things! Because what I don’t see yet, are people willing to sell at loss, even though Bitcoin is holding up at the moment? Until I see a wave of bankruptcies, nobody will care, because there won’t be any fire sales to take advantage of!

LACKIE: In Toronto real estate, the party’s over | torontosun.com

Interesting times ahead!