Re:Canada bans foreign home buyers for two years
by throwaway2037 on Tuesday April 19, 2022 @12:01PM
(#31084953)
This part:
Canadian banks has a very conservative “stress test” for securing mortgages.
... is excellent. More places need it.
Please stop gambling on housing as an asset class.
The middle class doesn't do it in France, Germany, or Japan. In those places, housing prices are kept _fair_ through clear, transparent planning and a blend of free market and regulation. What the hell is wrong with US/UK/AUS/NZ that allows insane leverage to middle class house buyers that drives up the price of houses? It's all silly to me. (I'm less familiar with how much CAN allows middle class people to gamble on housing.)
Please stop gambling on housing as an asset class.
The middle class doesn't do it in France, Germany, or Japan. In those places, housing prices are kept _fair_ through clear, transparent planning and a blend of free market and regulation. What the hell is wrong with US/UK/AUS/NZ that allows insane leverage to middle class house buyers that drives up the price of houses? It's all silly to me. (I'm less familiar with how much CAN allows middle class people to gamble on housing.)