Stefan MolyneuxVerified account

The talk about "need more people to replace the old white folks" is complete nonsense anyway. Europeans given just one decade's incentive (think Italy) via safe borders, family financial aid and relief from tax insanity, could reproduce fast and happily. Banks hate that, too.

If only the boomers could've watched the value of their properties fall and given up their unfunded pensions, maybe they would've had grandkids

I'm a boomer with an overvalued house, and I want to see prices go down. Why? I have three millennial children, who are starting families and need a place to live. It would be good for younger people to be able to afford houses. I'm willing to tighten my belt for that.

Canadian women fertility rate is well below replacement level but yet there is non stop construction of homes throughout the Greater Toronto area. Its not hard to see who exactly is moving in.

EXACTLY! This globalism is creating a housing shortage which is driving up housing prices AND rents.

Why you gotta be so smart?

Just what I was thinking, kind of an indirect bribe.

Most people that own houses also work like a cartel, owning other things. They will keep houses on the same level, because they have a lot more benefit of you getting credit and chaining you through debt, it doesn’t destroy anything, it wont have concequence, prices are fixed.

But, it will have started to pop anyway. Housing prices in the largest cites in Australia have started to decline and could go down with more 50% this year. Canada and Sweden's housing marked shows signs too.

Nail on the head. I thought I was alone in believing this.

Modern central banking is a creation of the grandparents of the Boomers. . .

Geez you banged that nail right in. Some of your other comments I'm not sure, but that nail ain't coming back out

Interesting, mass migration into a country will also raise the demand...thrust the supply and prices?

That’s exactly right. Besides myself, You are the only other person I’ve ever heard say it.