RE: EDGE OF A MELTDOWN: This May Be Just The Beginning, Here's Why. By Gregory Mannarino
Morning folks
I live in Canada and have to laugh when there is a housing/land bubble and talk of the prices being artificially inflated .
90% of the land is crown land in Canada ... And that's a lot of beautiful treed acres.. Of the 10% remaining 90% of that is agricultural and corporate owned ,,, you want rigged that leaves about 1% of the land mass of half of North America to scrap over for pieces of land so small there is no real value in owning it except for flipping or renting out. You could not use it for any small scale business or work. Let alone a chicken lol to many rules and bylaws .
But the point being there is no reason for land to be so expenive here that most people can't afford it and those who do are taking on a life long debt .. Doubling the land availability here would not even be noticed there Queen.
But it would destroy the market.
The point being really about 99% of the land mass of Canada is off limits lol ,,,Now thats rigged
Wow that is a terrific point. You have me wondering what the proportion is here in the states.
You want an even better laugh,,
I can buy land cheaper in almost any state in the US than in Canada ... And will not freeze to death in the winter lol
https://en.wikipedia.org/wiki/Federal_lands
Look at the map on Wikipedia. The western states have been gobbled up by the Federal Govt.
Looks like you guys got to settle and place land claims about half way across the country before they put a stop to private ownership...
US was giving away the land until they stopped. Hard stop.
Is it just me or is the nesting instincts of our lovely ladies being used against us lol
I have another way of looking at home and land ownership ...
After many generation of hard work The richest few Canadians now hold clear title and ownership to somthing like. .000?% of the land mass of Canada.
The banks hold title to most of the 1% of the land we do get to play with lmao
In reality this should cause people to think that they might be wasting there time if not there entire life on a loosing battle.. If after many many generations of work we only have debt and own virtually none of the land ,