Sponsored by an AI company, sorry, can’t trust someone with such poor judgement.
Hard disagree. That was a delightful accurate, sober, honest and concise assessment of where we are.
Your bias, however warranted against AI, is throwing the baby out with the bath water.
The ad-sponsor description is silly, but Boyle is a decent character and this is fine and thought provoking. He goes from a financial perspective so sure I don’t agree with him but he brings sound arguments.
I am usually skeptical about you tubers, but this one was good. Clear thinking right on the spot.
One observation that surfaces from this video and has merit for Canadians to watch as policymakers decide what to do about the obvious unsustainable nature of the Canadian housing market:
Problem: the housing ladder has been pulled up and Canada’s youth effectively can’t access it. How can aging Canadians’ housing assets maintain that value if future generations can’t support its value?
Solution 1: Restoration - Policy supports gently rebalance to where housing declines eventually catch up to a reinvigored youth workforce and the population has a continuum of property succession. I.e. we lower the property ladder back to within reach.
Solution 2: Acceleration - We continue the disastrous path of the last 25 years and continue down the path of financialization of housing. Pension Funds, REITs, Hedge Funds end everyone between large corporate players to wealthy mom and pop investors will consolidate housing forever. I.e. The property ladder is burned forever.
Where things get interesting, is considering the global demographic decline of aging populations, both options aren’t far away from a major reckoning in absolute terms. #2, in my personal opinion is the more vulnerable. Holding onto declining housing asset and rental prices inside a demographic collapse is going to hot-potato hard. We would see a period of crushing rentierism, tearing the social fabric of the country resulting in severe withdrawl symptoms when such egregious malinvestments reveal their consequences.
Edit: spelling and clarity.
