Thank you again for a great article!! You lay things out in a logical sequence, so that a person like myself, who is is not involved in the real estate industry ,save owning my own home, can easily follow along. I religiously listen to "The Canadian Investor Podcast". You and Nick are terrific; and I have yet find a real estate podcast which is more insightful, educational and honest.
As to your article ...
In this particular housing crisis (having lived through a few), I have always thought that the price of the homes is the major, affordability factor, with interest rate and wages positioned a little further down the line of significance. Those that think that home prices follow as straight trajectory up to the right, might get a surprise. I also question the wisdom of one's home being a retirement nest egg. Things appear very chaotic in the housing front right now, with every politician ,including the Prime Minister weighing in. It reminds me of the following:
When something goes wrong in the circus,
they send in the clowns to distract the audience.
Well, something has gone very wrong with this circus,
Hi Daniel!!
Thank you again for a great article!! You lay things out in a logical sequence, so that a person like myself, who is is not involved in the real estate industry ,save owning my own home, can easily follow along. I religiously listen to "The Canadian Investor Podcast". You and Nick are terrific; and I have yet find a real estate podcast which is more insightful, educational and honest.
As to your article ...
In this particular housing crisis (having lived through a few), I have always thought that the price of the homes is the major, affordability factor, with interest rate and wages positioned a little further down the line of significance. Those that think that home prices follow as straight trajectory up to the right, might get a surprise. I also question the wisdom of one's home being a retirement nest egg. Things appear very chaotic in the housing front right now, with every politician ,including the Prime Minister weighing in. It reminds me of the following:
When something goes wrong in the circus,
they send in the clowns to distract the audience.
Well, something has gone very wrong with this circus,
and the clowns are everywhere.
Looking forward to tomorrow's podcast.
Cheers,
Tamara
Thanks so much as always for the thoughtful comment Tamara! I really appreciate your support on here and on the podcast. :)
It is interesting to see all of the "circus" participants trying to keep the show going, but I think it seems to be coming to a bad end