On August 4, the Toronto Star, reported prices, in the Toronto Real Estate market, were in decline for the third consecutive month. This means the average cost of a home dropped from $ 919,000 to $746,000. The signs are this will continue.
So some bought high and regret not waiting a little longer. Some whose house was paid for, saw it lose value. Some can't afford the down payment despite the drop and rent at exorbitant prices. Of course, some are free to be homeless.
One thing is for sure dear reader, you may believe in capitalism if you see unfit, but it'll screw you one way or another.
John Ayers
No comments:
Post a Comment