Thursday, January 18, 2018
Toronto Housing Follows Bits-Coins
I'm not using any physics here. The physics predicted this over a year ago, and now there is no more physics. Total money is sales times average price, and that is very sad. All the listings around our place have withdrawn and everybody is doing minor renovations on distressed houses. I did miscalculate the timing for a major crash. People and banks are holding on far longer than I thought. I had assumed that distress housing would have flooded the market by now, with all those people holding two houses.
If I did do physics any more, then these houses will come up in the Spring. However, human nature is beyond physics. :)