Housing boom has a dark side?
You mean housing bubble has a dark side?
Gee, that's a strange concept.

The 2008 housing 'boom' in the US almost took out their entire financial system, and bankrupted millions of middle class Americans.  Nope, we'll forget what happened in 2008 and slash rates to near 0%, thus compounding the issues of excess debt many fold while fuelling a new 'boom'.

This is a debt fuelled bubble make no mistake.  Real incomes are flat or declining, debt has skyrocketed and even the IMF is calling it a bubble.  Why does The Globe and Mail refuse to call a spade a spade?

This housing bubble has been great for the economy for  the last 16 years, but it will soon turn into the biggest bust ever.