The big problem is that it’s a huge chunk of our gdp and the only part that’s really growing. If (when?) it crashes it will cascade through other industries. It could impact our dollar value. We’ve kneecapped our natural resource industries and tech hasn’t grown here.
Now, will it crash? Our government does everything it can to bring new buyers into the country and enable overseas buyers to participate in the market. I’m not sure this will ever change.
The big problem is that it’s a huge chunk of our gdp and the only part that’s really growing. If (when?) it crashes it will cascade through other industries. It could impact our dollar value. We’ve kneecapped our natural resource industries and tech hasn’t grown here.
Now, will it crash? Our government does everything it can to bring new buyers into the country and enable overseas buyers to participate in the market. I’m not sure this will ever change.