Someone would be dismissed if they said Manhattan, London, Paris, and Rome are in a bubble. It's just accepted that only the rich can buy there.
Toronto's housing situation is called a "bubble" because it's transitioning to a similar, global city status, and a lot of people are having a hard time facing that owning a house there is not meant for them.
I live in High Park. In a one bedroom apartment. I see for sale signs everywhere plastered with 'sold above asking!' labels.
The cold reality in Toronto is that it's just supply and demand. There are a handful of houses, and a handful of people with the resources to buy them and live in this beautiful place.
Women are hardwired to look for men with resources or the ability to get them. It comes down to whether a man can provide the woman with a safe and clean place to have her babies. In the past, this signal has taken the form of physical strength, number of slaves, land, goats, whatever. Today, it's jobs and/or money.
Then add a layer of the instinctive hunger for status within any social species.
For a given batch of economically successful women, most would rather share a successful man or stay single rather than compromise and mate with a low-status man with no resources.
Can't blame women for looking for these things the same way men can't be blamed for looking for youth and fertility in a woman.
Toronto's housing situation is called a "bubble" because it's transitioning to a similar, global city status, and a lot of people are having a hard time facing that owning a house there is not meant for them.
I live in High Park. In a one bedroom apartment. I see for sale signs everywhere plastered with 'sold above asking!' labels.
The cold reality in Toronto is that it's just supply and demand. There are a handful of houses, and a handful of people with the resources to buy them and live in this beautiful place.
For the rest, take the GO train.