Bout time Trump takes some action on housing.

[TOPDAWG]

Man, we need a U.S. thread that consolidates all the U.S. discussions. Okay, Canada should do the same thing and stop foreign ownership too.

 

[RightOfSask]

View attachment 63881


Man, we need a U.S. thread that consolidates all the U.S. discussions. Okay, Canada should do the same thing and stop foreign ownership too.

TOPDAWGCanada already stopped foreign ownership. It's a temporary ban, but since 2023 non-Canadians aren't allowed to buy houses (with some exceptions like permanent residents or if the house is outside of a metropolitan area).

Prohibition on the Purchase of Residential Property by Non-Canadians Act

Effective as of January 1, 2023, the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the “Act”) prevents non-Canadians from buying residential property in Canada for 2 years.

www.cmhc-schl.gc.ca

And house prices are falling all over Canada right now. In Toronto house prices are down 12% year over year for example.

 

[TOPDAWG]

Remember reading news though they were about to lift that or thinking about it anyway.

Now as far as price is coming down is that standalone homes or shoe box size condos? Pretty sure the prices went from like 1.5 million to 1.3 million.

 

[RightOfSask]

It's an average of all types. But if you're interested in data ...

Toronto Median Price | CREA Statistics

creastats.crea.ca

 

[MuchoRelax0]

Canada is looking at lifting that ban because housing is in a free fall hahaha

 

[FreedomTruth]

Please no. Prices need to come down.
As much as there are lazies and grifters and druggies, there are also poor and disabled on fixed incomes who are struggling. We need to take care of them, not foreigners, and not the individuals or companies trying to hold or flip assets to have a better number in the digital world.

 

[censorthisss]

Liberals: "Leave Blackrock alone!"

 

[cloud8521]

"Owning a home was the pinnacle of the American dream"

fuck off, no it wasn't, it was THE STANDARD. Burger flippers could get a home, the pinnacle was having a happy family and home life.

 

[brutana_dilewski]

Still plenty of 400k bungalows selling where I live. An old lady sold her 5 bedroom bi-level 2 blocks away for 600k and a bunch of jeets moved in. There's like 7 cars parked outside now, filled the double car garage, the driveway and the street in front.

 

[cloud8521]

fake news, real Indians park everywhere except the garage, where they fill with junk and hang out because the house is overfilled with other Indians.

 

[border_humper]

Trump Launches His Own QE: Directs GSEs To Purchase $200 Billion In Mortgage Bonds | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

In a post on late Thursday post on Truth Social, President Trump said he was directing the purchase of $200 billion in mortgage bonds, which he framed as his latest effort to bring down housing costs ahead of the November midterm election.

“This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable,” Trump wrote in his post.