#LateStageSocialism – Toronto Regional Real Estate Board says condominium apartment sales in the region have fallen by half since last year, but the average selling price is up – July 31, 2020,

Demand is low but prices are up, in the long term from a political standpoint what I can imagine the municipal and Provincial socialist telling their voters in an already rent-controlled environment is that prices are going up because of those evil profit-seeking capitalists, of course in Canada, the real problem with our housing market CMHC which exists to prop up housing prices and prevent a bottom from getting below what they believe is their market level.

All of this big government in Canada’s private sector is leading to what “LATE STAGE SOCIALISM”. Late-stage socialism, in a nutshell, is a sign that although austerity measures are the only reasonable way out of this financial hell-hole, austerity measures are unlikely because of Canadian socialist culture won’t allow it, which creates an inflationary price market during periods of deflation.

#LateStageSocialism. In the article below an argument is made that buyers will be winners? I disagree, I think people forget why the MODERN CMHC exists in the first place. Do you how much equity flippers and other real estate speculators are reliant on in this big government socialist house market scheme? massive price Deflation is not allowed in Canadian housing unless of course, the government can create a brand new financial scheme Posthaste: Housing affordability is a worry but one analyst believes the scales may tip in favour of buyers as early as this summer | financialpost.com

Now, in my opinion, and this is what makes this such an interesting period in history, the U.S dollar is going to be the beneficiary of the stupidity of the rest of the Western world. Because as bad as things are in America, most of the western world is inching closer to late-stage socialism at a faster rate than America is.

I often write about regressive taxation being the main reason why the world doesn’t want to abandon the U.S dollar standard, but leaving the dollar fiat standard and backing money with Gold as an example, not only does the Canadian government have no Gold, but a gold standard equates to harsher austerity measures than would exist if people simply ride it out with the U.S fiat dollar standard.

The below article is a horrible sign for the Canadian economy, price inflation when the economy deflated and the preferred taxation, income taxes have declined while Canada’s public sector hasn’t shrunk an inch. This has devaluation of the Canadian dollar written all over it. I’m only waiting to see what happens in Vancouver in the next few months because I believe the B.C government was doing everything in its political power to deflate foreign housing demand, well, I’m curious to see what phase of #LateStageSocialism Vancouver is in.

Anyway, things are getting interesting, I recommend that all Canadians prepare themselves accordingly!

Q2 condo sales down 50 per cent from last year, but prices are up: TRREB | thestar.com

Interesting times ahead!