Exactly one decade later, Mainstreet finally digs out from Wall Street's last party at taxpayer expense...
Not really...
Adjusted for inflation:
A society that never learns from its mistakes is begging to get buried by them...
ZH: Nov. 30, 2016
Mortgage Refinancings Collapse Amid Rate Rise
"Which does not bode well for homebuilders..."
Canadians had a chance to learn from the U.S. housing bubble, but decided to have one of their own instead. Real Estate Owned (REO) Politicians selling passports to fleeing Chinese criminals, in exchange for mass homelessness were all for it...
Guess how this ends...
Canadian house price index with Canadian GDP ($USD):
