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2024-10-03 11:11
WTF is going on in Canada and Australia? Real estate debt bubble in the US in 2007 looks almost cute in this chart.
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baoooo1122
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2 小時內
Ian
itodd888
We’re importing huge numbers of people without building any houses. And we’re trapped into a handful of major cities with not much in between. Most of Australia and Canada are basically uninhabitable.
2 小時內
James Allerton
james_allerton
The recession didn’t happen in the US just because of a housing bubble, it was also widespread corruption and greed in an underregulated financial sector. Australia and Canada have far more robust financial systems and can handle more debt without major financial shocks. They also have a wealthier middle class.
3 小時內
S🐮🅱️bby LEE
snoopy831002
US still cheap
6 小時內
Ondřej
tcowrites
As an online comment, it's hard to just say "it's unfair to blame immigrants" because the few RICHER immigrants/their corporations can single handedly import capital and crash, say, the property market. The surface, poorer immigrants and poorer citizens, fighting over minimum wage jobs is sth that richer classes don't have to care. Doesn't take a fan of Marx to say this. Immigrant societies typically are also peaceful enough to attract a lot of investment and boost property values.
9 小時內
zachadolphe
It's called mass immigration.
9 小時內
Billy Lei
lei.billy
Both leader open the boarder for immigrants like no tomorrow
14 小時內
Alex Wong
alexthenublex
Chinamen
15 小時內
Frankie
frankscullino
Migration
17 小時內
Robin Marshall
hereandthengone1
Yeah we keep talking about it here in Canada but the US dominates headlines so it's easy to ignore what's happening in other places
20 小時內
sam
muzi_astro
America cause wars and benefits from it. Its Bootlick governments in Australia and Canada makes lives harder for people. Australia needs to be free out of American trap.