If you change the basis fundamental's. say normalize a 50yr mortgage and society adopts such as the "new norm", well now much higher sold prices have a new support foundation, it's not a bubble. 

A broker is free to tac on as much as they want in points and they can even add their own fees.If you look at it from a broker's POV, who have the stigma in society of being that sleazy used car salesman, if they make 2 points on every deal and they slap on a 595 Admin fee too than they'll be getting 3k - 4k in commission for every deal, at that point once you can always do 5 deals in a month, that's good money and you don't need a huge client base to do it. 

It sounds a bit like something only a secret society would know about, doesn't it?

Go to website for OH Society of CPA's. 

Yea, maybe they should know better but so much in society tells them the same (HGTV, YOUTUBE).

As a society in Quebec, because of the rules in place we will not see the extreme business success/price volatility that can be seen in the states however when you couple the quality of life + country stability + hockey ;)  it still makes good sense to invest locally.  

@Michael Smythe  the link you provided is from humane society who champion animal rights.

Property rights don't fade away once you begin to trade with another free citizen in a free society because it becomes "commercial" and thereby regulated by the state.

If they say no rules for STR's, do whatever, freedom reigns, next thing we know it's complaints how the city "let" the market get flooded with "all the STR's everywhere" and how this one is a bad operator, that one is a "puke" and, back to the start "wtf, why are they letting this happen, they suck at there job, they need to be doing something about this"....Reality is, it's society's fault, they make rules to prevent dumb stuff from happening because some dummy did it, so now they gotta make a rule on everyone because of it, so thank that dummy for ruining it for everyone.   

Phil, Tim Robbins, etc are all the product of a society that is largely incompetent.