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Housing Bubble Caused by Greedy Capitalists?
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<blockquote data-quote="rickyb" data-source="post: 5300767" data-attributes="member: 56035"><p>mom paid 75000 in todays dollars for a big 1 br with a view 10 or so min from dt vancouver back in the day. if she did same thing nowadays it would be 1,000,000 or so.</p><p></p><p>you can live in middle of nowhere thunder bay, pop 100,000, frequent murder capital of canada, and pay 250,000 for a 1 br. its way less affordable than vancouver was back in the day. the housing prices are based on something illegitimate which is banks lending more and more money.</p></blockquote><p></p>
[QUOTE="rickyb, post: 5300767, member: 56035"] mom paid 75000 in todays dollars for a big 1 br with a view 10 or so min from dt vancouver back in the day. if she did same thing nowadays it would be 1,000,000 or so. you can live in middle of nowhere thunder bay, pop 100,000, frequent murder capital of canada, and pay 250,000 for a 1 br. its way less affordable than vancouver was back in the day. the housing prices are based on something illegitimate which is banks lending more and more money. [/QUOTE]
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