Toronto real estate agent Tom Storey says that a home shortage in Canada will keep prices inflated for years to come.
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Wealthy? This guy has no clue what inflation is and how our monetary system is one big ponzi scheme. Wealthy, lol…GTFOH
Lmao more like real estate agents have become accidently wealthy
Hahaha well said
“Wealth by mistake”??? Someone should tell this guy owning a home has been the best way to accumulate wealth for centuries. This has been well known for a long time.
The anchor lets “Canadian homeowners got ‘wealthy by mistake'” go completely unchallenged. THIS is the issue with COORPERATE news. This side says this… That side says that… Who’s right? who’s telling you the truth? YOU decide! They strive so hard to be “fair, balanced” they forget their job is to be OBJECTIVE to the truth. Regardless of what side, or more importantly what business or advertiser it upsets.
After seeing the coverage of covid vaccines during the pandemic, the news just looks like an infomercial to me now.
cool Storey bro
But Tom, did YOU get wealthy by ‘mistake’ by selling the homes of homeowners selling their home that they have had for a long time? By ‘mistake’ Tom?
But I keep hearing You’ll Own Nothing and Be Happy? Which Is It?
even if Toronto real estate crashed 50% how many would have a CASH downpayment to buy? not much thus you’ll own nothing and be happy.
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The crashola is going to be very very ugly!!
The real losers will be the idiots that bought in the past couple years, lol
Yawn. I bought a couple of years ago. You have no freaking clue
The cash buyer was likely an investor. A client who bought the seller’s next home was also an investor. Investors coming in with cash, overpaying, and inflating the market. Families looking to buy getting pushed out because it is no longer affordable.
I began investing REIT’s made enough profit in a year to buy rental an parking lots and I’m investing in reit an my real estate property which brings in roughly $480k annually.🙂🥰
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