RE: (VIDEO). Another Housing Meltdown Is Now A Certainty: You Have Been Warned. By Gregory Mannarino
From the sheer numbers you are propably right. However, from what I heard about Canada, the biggest part is land where nobody wants to live. Except for caribous and polar bears perhaps.
And even in the southern regions, its not enough to just provide empty land. People need jobs, infrastructure and all that. I wonder how many of the homeless (or people struggling with housing cost) in the cities are willing to move into the countryside.
On the other hand, I agree of course that the housing prices in the cities have gone totally mad. And the Vancouver region is among the worst in this from what I heard, due to speculation of foreign investors mainly.
But as Greg says, this market will correct - may be even in the near future. Then those investors will make huge losses, and the prices go back to a reasoble level again.
There is a lot of places everyone would love to live on the 90% of the unoccupied lands Its not all tundra lol
Beautiful rivers oceans forest everywhere ...yes the north is harsh but still quite beautiful... I know no one who would turn down any land anywhere.. People dont need jobs as there is few anyway ....if they have land and are self sufficent ....This thought you cannot survive without a job only exsists beacuse we have no land to live from ... And here you could be self sufficent ... And most I know would rather have that over a job any day .
And no I will never see this from a city point of view .I am a country boy..
We had a large Amish community in the area that I grew up in ... Now thats self sufficent ...Even a huge horse hitch at the back of the local Canadian Tire Store to this day..