Coming to a global mega city near you soon..
Worth bearing in mind that people who bought at the top of the bubble in 1997 in Hong Kong had negative equity until 2011. The market more than halved before bottoming in mid-2003. And FWIW the Hong Kong bubble is bigger now than it was then.
https://wolfstreet.com/2018/03/06/home-prices-sink-sales-plunge-in-toronto/#comments
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