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I think he's referring to the introduction of Mortgage insurance by the CMHC, which does go back 25 years and he's suggesting the last 40 years as a total graph to look at so there's some stable period before, then a very noticeable uptick in prices about 25 years ago. That's how I read it anyhow.

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As it has been pointed out by several people on this blog, all you have to do is plotting the time series of house prices over the past 40 years. You will immediately identify the structural change in prices (higher price levels) associated to the introduction of the CHMC.

40 years ago single income households were still the norm. The rise of dual income households since that time is a fundamental support for higher real house prices.

I think you're on more solid ground if you go back 25 years, since dual income households have been the norm for new homeowners since the boomers started working.

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“I can’t BELIEVE this poverty and hardship is in America’s national capitol” I said to no one in particular…

But you see license plates in DC that say "America's Last Colony" (on the plate holder actually, it's a statement from the residents), not "The Best Place on Earth".

And I don't think you'd see the residents of DC voting 2/3 to host the Olympics any time soon.

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“They’ll tell you homelessness is about addictions and mental illness, but that’s not true. It’s about housing supply, not enough homes for low-income people,” explains Pedersen.

What did I tell you? But everyone knows that the farmworkers (who make less than minimum wage), the people working at McD's, etc, all have somewhere to live.

And we know that real rents are lower than a generation ago, when there was far less homelessness. And that supply of shelter is growing faster than demand.

Address the real problems.

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"They'll tell you homelessness is about addictions and mental illness, but that's not true. It's about housing supply, not enough homes for low-income people," explains Pedersen.

Sounds like Wendy Pedersen has the answer. All they need is homes on the East Side of Vancouver and all their problems dissapear.

Please note, we must supply with them with shelter on the East Side of Vancouver.

Also note, I must be supplied with one Red Ferrari.

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Greggy Robertson and his flouncing followers fancy dress thier way to total power. Zieg Heil Greggy Roberts, Obergrupenfurher of the foo-foo bee-cee-clettes seatless post riders brigade. Zieg Heil Vision Vanshithole.

What was that other syphlitic cabal that took over when the sheeple were sleeping?

If you voted for any of these clowns you should consider ending it.

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I know you guys are in sort of bubbly chord and then I start screwing up your brains.

Sorry for bothering you for last few days.

Best Regard

Informer 10 gone forever.

bye! bye.

Dave,ThePope,Drachen,Patriotz,,Sofia,BDK,Supraboy,Browntown.

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Take some ESL classes. Jeez, wtf are you trying to say?

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