Quote:
Originally Posted by Gerbs
I'm curious what rent prices could look like if $1M small flats becomes the norm here.
Would there be government intervention at that point? Or would the have nots be expected to migrate to smaller cities.
|
There's no different between a 1million 500sqft condo in Coquitlam in the year 2025 VS a 60k 500sqft condo in Coquitlam in the year 1960.
60k for a condo in 1960 was outrageous
1mil for a condo in 2025 will be outrageous
Everything goes up in price, I don't think it matters what the price is, what matters is how many people can't afford to buy what they want
Unaffordability has been around since the dawn of time, regardless of it being a car, house, eating a bowl of 18$ noodles, whatever