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by adev_
518 days ago
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> Now real estate has inflated so much that boomers are the wealthiest cohort [...] That currently should also serve as a lesson for Western governments. Real Estate price in Japan have been decreasing for decades almost everywhere excepted Tokyo. The reason are multiple but the main one is also the declining population: Why would you pay more when there is so many empty houses ? That removed any hope for many elderlies to capitalize on their properties for their retirement. |
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Canada is absolutely not the model to follow. The absurd housing market means that actual, productive economic activity isn't happening. In the last decade we've fallen behind many of our peers in standard of living and average income.