Toronto's insane real-estate bubble is finally bursting

[simonize]

@werdnagreb

EDIT: The first photo is Toronto’s crack smoking ex-mayor, Rob Ford who made a real shit show in the city. The second is some guy who trying to do the same down south.

Crack smoking mayor of a major city? Actually we DID do that in the US first. Or does no one remember “Bitch set me up” Marion Barry - Wikipedia

@JonS

I suppose, then, that the trick isn’t so much to burst the bubble gradually (basically impossible as you note), but to avoid it inflating so wildly to begin with (possible, with appropriate regulation)?

“How do you get off the back of an Elephant? You don’t you get off the back of a duck, it’s much easier.”