Comment 79492

By -Hammer- (registered) | Posted July 15, 2012 at 02:02:47 in reply to Comment 79368

I don't think we'll have a real estate collapse, I think we'll have a government debt issue. Sprawl means more infrastructure costs and generally not as much tax income as compared to dense urban areas. That can crush a city's finances, who in turn have to be bailed out by the feds and province (who are also having debt issues) who in turn start printing money to pay off the debt and devalue the currency and thus the economy.

This is why the province has been a little bullish on Hamilton expanding it's urban boundary with the airport fiasco.

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