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Readers club book center
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The book explores the Canadian housing market, arguing that it has a hidden debt crisis similar to the U.S. subprime mortgage fiasco. It questions how a real estate boom can last forever when average families can no longer afford average homes, suggesting that homeowners are putting money into assets they might never be able to sell, except to a "greater fool". The narrative often follows a couple trying to buy a home in a competitive market, illustrating the challenges and the potential for a market correction.
The book explores the Canadian housing market, arguing that it has a hidden debt crisis similar to the U.S. subprime mortgage fiasco. It questions how a real estate boom can last forever when average families can no longer afford average homes, suggesting that homeowners are putting money into assets they might never be able to sell, except to a "greater fool". The narrative often follows a couple trying to buy a home in a competitive market, illustrating the challenges and the potential for a market correction.
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