The State of Canadian Household Balance Sheets as National Home Sales Drop to 10 Year Low
Just posting for a different perspective.
Mar 16th, 2019 10:54 pm
Mar 17th, 2019 9:22 am
Mar 17th, 2019 10:33 am
Mar 17th, 2019 10:41 am
Mar 17th, 2019 11:01 am
Mar 17th, 2019 11:02 am
Mar 17th, 2019 11:10 am
Yes, he can be all over the place at times. He has to keep his followers fed.1cat2dogs wrote: ↑ I'm sure this guy comes off as a wizard to his followers, but he's classic at presenting apples/oranges data:
14:34: starts taking about negative interest rates for last 10yrs in Europe and how that hasn't done anything for growth. Now he's talking GDP vs Housing. If he really thinks we're following the Euro path, than our economy will continue to struggle as foreign ownership props up our housing.
He mentions the contrast between Canadian vs US household debt, very true. Sadly he only uses it as a doom 'n gloom on Canada housing instead of pointing out how the US is poised to go on a 10-15yr housing run from here.
Mar 17th, 2019 11:15 am
Why the change of heart. I feel like you’ve been a big bull for a long time. Anytime there is an identifiable bubble we should all be cheerleading it’s demise. It isn’t good for the economy. Stable home price growth is.
Mar 17th, 2019 11:26 am
Vancouver? Absolutely. I have always said Vancouver is a mess.
Mar 17th, 2019 9:44 pm
Mar 19th, 2019 3:39 pm
Mar 20th, 2019 11:32 am
Great policies! It is interesting how as time passes, the suspicions about the housing affordability problems occurring in Vancouver that were raised by the locals are slowly being proven through data and studies. It used to be that if anyone raised any concerns about money laundering or foreign investment, the former Mayor would call people racists for asking questions but now we are finding out that these suspicions were actually based on truth. I wonder how many other things are true that we don't know about or were led to believe otherwise.spike1128 wrote: ↑ The gov of Vancouver can go hide somewhere and stay quiet. The only way to bring affordability and taxes is to tax the foreign buyers significantly. They must pay to play.
Also increase the tuition for all Visa students studying in BC up to 2x the previous rate, 100 percent as gov tax. This way the locals can benefit from the influx of foreigners.