Canada bans foreign home buyers for two years

Re:Canada bans foreign home buyers for two years by BobbyJo on Tuesday April 19, 2022 @08:18AM (#31082112)

> all they did was follow the advice given to them by the market

The market doesn't give advice, it's risk and return. Don't take more risk than you can handle is investing 101. In any case, if the market is unsustainable (non-productive assets appreciating several times inflation is indeed unsustainable), these people are going to get screwed regardless. Either completely later, or almost completely now.

Maybe in the future, after the smoke settles, governments will be more wary of moral hazard. Probably not, but one can hope.

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Re:Canada bans foreign home buyers for two years by sbarre on Tuesday April 19, 2022 @09:00AM (#31082500)

Yeah, my apologies for not spelling that out better, or using the wrong word here...

It was shorthand for "everyone else is doing it and having success, so lots of people jumped into the same boat to also make money"..

Advice was the wrong word, maybe "signal" or "momentum" would have been a better shorthand.

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