Heterodox
Why the Canadian "housing bubble" hasn't burst. Quick summary: it's a policy choice, but this comes with some consequences, like pricing some cohorts like unendowed youth out of the market, and also some uncertainty, like what happens if there is a recession and debt cannot be serviced. Moreover, Brian explains why this cannot be modeled. While it is foreseeable as a contingency, the timing is not forecastable. Although this is based on a policy choice and determined by Canadian law...
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