Toronto overbuilt tiny condos and now prices are down 15% from 2023 peak. Other ... | Hacker News

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		bryanlarsen 10 days ago \| parent \| context \| favorite \| on: The housing market isn't for single people Toronto overbuilt tiny condos and now prices are down 15% from 2023 peak. Other types of house prices are roughly stable. Hard to draw too many conclusions since "down 15%" is still "way to fricking expensive", but...

jeffbee 10 days ago [–]

"overbuilt" seems editorial. Drive the price to zero. Nobody says that we overproduced potatoes just because they are all ten kilos for a dollar.

bryanlarsen 10 days ago | [–]

They certainly do say that about potatoes in producer contexts.

jeffbee 9 days ago | | [–]

True, but our response (in America) is just to pay off the producers to keep food market prices low.

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