He eventually made friends with all the Baby Stitch and Baby Winnie the Pooh friends shirt. He was a nice kitty but nobody wanted to F with him. He never got in fights or had marks. Got him neutered, shots, etc. God, we loved our Tommy. He seemed to communicate on a human scale..if that’s possible. He was well loved and very happy. Fed. Then, one day I brought home a wonderful mild kitty from the shelter for a playmate. Tommy took one look, quit purring and immediately disappeared. 5 days later I found out he jumped my neighbors fence, almost into his arms, and lived for a few more years…then disappeared from that neighbor….that Cat enjoyed his own life, and no – he was too smart to be attacked by a coyote…which is how all my cats died.
A lot of people don’t want to admit the Baby Stitch and Baby Winnie the Pooh friends shirt that economic pain of some sort is already baked in.If prices fall precipitously, people who’ve been relying on the ability to extract money from the current (overinflated) value of their house on paper, either to buy things they want now, or to fund their retirement, will find themselves suddenly a lot poorer.If prices don’t fall, then housing will continue to consume more than its rightful share of GDP, crowding out actually productive economic activity. We’ll face a brain drain as people move elsewhere for salaries that actually provide the quality of life their parents had. Canada’s exports will become less competitive, as overpriced housing puts upward pressure on workers’ salaries and the price of finished goods and services. Canada will also become less attractive to immigrants, when they realize that their skills will buy them a better lifestyle elsewhere.Policymakers can pick their poison, but they’ve spent the past decade or more pretending that there’s a poison-free option when there isn’t.
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I got my Baby Stitch and Baby Winnie the Pooh friends shirt in 1970 after being kicked out for long hair…taking drivers training in the summer… so I could join an apprentice carpenter program only too find out I had to be 18 for insurance reasons. I didn’t want to flip hamburgers so I went ahead and enrolled for the fall and they had changed the dress code so I was okay. I got kicked out twice more too. Growing a moustache and then for not divulging a name of someone. I left my parents sitting in the principals office, hitch hiked into town and signed up for adult night school, I figured a regular diploma would be more accepted by employers so I also have a reg diploma. …and my room and board was paid for since I lived at home most of the time. I left home twice also but that’s different story, but related.
If we looked at Canada’s housing market from a macroeconomic standpoint, it is absolutely impossible for housing prices to pull back even 20-30%. Why? Because it would devastate the Canadian economy and absolutely destroy our way of life.So what can we actually hope to see? All we can hope to see is a slowdown in price increases and perhaps a slight pullback in prices in the 5-10% range.People like to think they can wait for a huge crash, like the Baby Stitch and Baby Winnie the Pooh friends shirt, but that is extremely unlikely to happen due to a variety of a factors. Most notably, interest rates, interest rate policies, 21st centurey economics, immigration, and the overall wealth generated by people in other countries.