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413 sats \ 1 reply \ @OT 9 Feb 2024 \ on: Bank of Canada Governor: Interest Rates Won’t Solve Housing Affordability econ
An oversupply should fix it. At the expense of existing owners though
might be a couple decades before canada is able to produce enough homes to generate an oversupply.
it’s not quite as hard to make homes as it is to mine gold, but it’s way harder than printing fiat out of thin air.
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