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housing prices peak 2


               
2022 Apr 29, 9:29pm   847,050 views  7,364 comments

by AD   follow (0)  

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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net

Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.

Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.

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7362   AD   2026 Jan 16, 1:20am  

MolotovCocktail says

The root cause is demographics. The immigrants is part of the government's desperate attempts to prop housing up. Canada and Europe are doing the same thing.

They failed.


Are there enough immigrants buying Canada's expensive housing (without overcrowding them and without government assistance) ?
7363   MolotovCocktail   2026 Jan 16, 8:51am  

The_Deplorable says

The government, ICE, is deporting the illegals.


Not enough and not fast enough. Still, some markets will be effected.
7364   MolotovCocktail   2026 Jan 16, 8:53am  

AD says

Are there enough immigrants buying Canada's expensive housing (without overcrowding them and without government assistance) ?


They are the ones who drove those expensive prices. Canada has massive amounts if immigration relative to their overall population for about 15 years. To bail out their pension and health care system, mostly.

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