People have been talking about the housing bubble in Canada for at least a decade. I think it's no question that prices are disconnected from a healthy level at which the average family can afford to live. Something has to eventually give. Either incomes go up or prices come down. If this doesn't happen we are on the path to fundamentally change society. This is gutting the middle class.
I think wipeouts will naturally get larger with time as company valuations grow with the economy. With that said, seeing such big companies experience these massive losses does seem unusual.
Would love your thoughts on the housing bubble and whether or not you think it'll pop - there seems to be widespread disagreement among the people I speak to. Also, 10 out of the 18 wipeouts occured since 2018 - why do you think that is and is that significant? Do you think there's any significance to the fact that the top 6 wipeouts eclipse those of 2000 and 2008?
People have been talking about the housing bubble in Canada for at least a decade. I think it's no question that prices are disconnected from a healthy level at which the average family can afford to live. Something has to eventually give. Either incomes go up or prices come down. If this doesn't happen we are on the path to fundamentally change society. This is gutting the middle class.
What do you mean by 'wipeouts'?
Ya I agree. And yet it seems things are still rolling down the hill... And I'm not even sure incomes can catch up at this pace.
Sorry "Wipe out" from your graph about top market caps.
I think wipeouts will naturally get larger with time as company valuations grow with the economy. With that said, seeing such big companies experience these massive losses does seem unusual.
Would love your thoughts on the housing bubble and whether or not you think it'll pop - there seems to be widespread disagreement among the people I speak to. Also, 10 out of the 18 wipeouts occured since 2018 - why do you think that is and is that significant? Do you think there's any significance to the fact that the top 6 wipeouts eclipse those of 2000 and 2008?