VANCOUVER – Part-time barista Jeremy Fletcher admitted yesterday that he was not overly concerned about the possibility that housing prices across Canada could suddenly collapse, causing a significant drop in home owners’ net worth.
“Yeah I mean I see stories about the housing bubble on the news all the time,” said Fletcher from the couch of his basement apartment. “But for whatever reason the issue just hasn’t grabbed me.”
“I try to pay more attention but it’s hard to do that while one of my three roommates is making dinner and I’m online looking for a third job,” Fletcher added.
News media outlets have repeatedly warned that over-heated house prices in major metropolises like Vancouver and Toronto could cause a sharp correction in housing prices, an issue they are apparently certain affects all Canadians.
“At one point we thought about buying a condo together,” said Monique Capella, Fletcher’s girlfriend and freelance writer, “but then we realized we had spent all our savings on one cell phone bill.”
Some financial analysts, like Jim Jenkins could not believe the attitude of Fletcher and his peers to such a serious issue.
“Do they not realize what will happen if the bubble bursts? People will lose the homes they have purchased, the value of all their stocks and bonds will plummet. Hell, they might not even be able to afford going on an all-inclusive vacation this year. ”
On being told of Jenkins comments, Fletcher kind of shrugged in acceptance.
“So no impact on student loan interest rates?” he confirmed.
At press time the ever-contrarian Fletcher also had no strong opinions on the current exchange rate of the Swiss Franc.
