![January-1977-to-2016-REBGV-Price-Chart-Mike-Stewart-Vancouver-Realtor[1].jpg](https://i.imgur.com/HJJDF1b.jpg "January-1977-to-2016-REBGV-Price-Chart-Mike-Stewart-Vancouver-Realtor[1].jpg")
>""""""""conservatives""""""" will defend this
>muh free market
>muh free trade
>just live in the streets goy
>>74262611
It's time to abolish debt - bring back usury laws!
>government guarantees shitloads of money is available to people to buy their first house
>government guarantees shitloads of money is available to people to pay for college
>prices go up because everybody has artificially deep pockets
>free market
stop right there criminal scum
>scarcity in prime areas of land to build houses
>prices go up
imagine that
FYI for other people (not OP) in this thread: housing bubbles are what happen when federal interest rates are kept too low for too long. They were 1% during Bush and 0% during Obama.
>>74262873
This guy gets it.
It's all but free market.
>>74262873
you hit the nail right on the head. All these "affordability" programs are a moral hazard
>>74263011
Didn't Bill Clinton, despite the bull he pulled like the NAFTA trade agreement, wanted to prevent this?
>>74262873
This, house needs to be a cash only market.
>>74262873
Housing is worse than universities because government also limits possible supply through draconian zoning and building codes.
>>74262966
The vast majority of scarcity in land is artificial. Sure, better places should cost more per square meter of land, but you can work around that for a good long while by having more lot coverage and more floors.
>>74264771
I agree with what you are saying, but the main bubble is in "detached" houses, which are single family dwellings. I would assume places with sing family homes on lakefront or beachfront property are driving up the average prices the best, and there definitely is scarcity there.
>>74262873
This is technically first post since OP jewed up his thread by posting twice in a row, so best post
>>74262873
You. You know your shit.
Also, am I the only one who when this Leafag appears instantly start to laugh?
>>74262611
>we don't have enough government intervention to stop this shit and need more
>Government intervention couldn't have caused this
>>74262611
What the fuck is Trudaeu doing to stop it?
>>74263188
Well if he wanted to prevent it, he shouldn't have signed the community reinvestment act and allowed Glass Steagall to be repealed
Conservatives hate wall street kikes
only the left defends them with identity politics
>>74262873
This
>>74262873
>government guarantees shitloads of money is available to people to buy their first house
Regardless of these laws, banks aren't required to give out loans they believe can't be payed back. Trying to blame government for a massive failure of the free market in this situation is extreme desperation.
>>74262611
syrup nigger thinking we have a free market
top kek
>>74271408
What does that have to do with inflated housing prices?
>>74262611
>surely subsidizing expensive housing will lower prices!!!!
>>74271408
that's pretty much what happened in the US though
no idea what's causing the bubble in canada (china it sounds like) but in the US, the government pushed subprime lending really hard
banks sell subprime mortgage to fannie mae and freddie mac, which people assume are guaranteed by the feds
fannie mae and freddie mac package mortgages into marketable securities
banks and other institutional investors purchase them
bubble collapses, poor default, and mortgages and mortgage backed securities become worth a lot less because house prices are falling
it was partially so-called greed as well as government policies that caused it
without banks being greedy, it might never have happened but the government made it much worse by pushing subprime lending
>>74262866
We have usury laws. You just don't know what usury means.
>>74272513
>the government pushed subprime lending really hard
You realize Robert Rubin, a Goldman Sachs employee and kike wrote those laws into the CRA right?
