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Opinion

A Likeability Problem: The Housing Crisis and Inflation

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Hoist The Black Flag
Sep 08, 2023
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The American subprime mortgage crisis, which contributed to the 2007-2008 Global Financial Crisis, was triggered by the collapse of a housing bubble and led to a significant decrease in the price of US houses.  While the crisis was global, it left Canadian home prices relatively unscathed, as the two graphs below show:  

Image

Canadian housing prices showed a …

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Hoist The Black Flag
Phil is a writer and classical liberal who, when not complaining about the Ottawa Senators, writes about politics, individual rights, government corruption/abuse and free speech. He resides in Vancouver, British Columbia.
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