yeah, my analysis only works in canada, where the bubble is being propped up by banks.

it's hard to see how this mess ends except with mass homelessness, as idiotic as that is in a country with so much housing supply. yet, that sows the seeds of revolt. it's what is happening down there.

so, expect to see more squatting, and more riots when the cops get increasingly aggressive about it. more people in jail for being homeless. where's the breaking point?

http://www.theatlanticcities.com/housing/2013/11/why-your-rent-rising-faster-inflation/7484/