Jason Hartman talks with Doug about why there’s been a decline in inventory and what shortages are abound in the housing market. In examining several videos about the housing market and economy, Jason and Doug also look at what impact privatizing mortgages could have and housing affordability in Canada.
[4:52] The big housing shortage is not in McMansions, it’s in the 100k range
[8:18] The problem with waiting for the next recession
[13:09] Inventory has declined, which has caused upward pressure on prices
[19:29] When large developers start building an area, they have to keep the sales going in order to make money, so prices can fluctuate
[23:25] The potential impact of privatizing is a prevention of markets overheating
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