Canada's Real Estate Problem
BlueJays
Posts: 82 Bronze ✭✭✭
bloomberg.com/news/articles/2016-01-29/canada-s-one-legged-stool-economy
In my opinion, it depends on inflation on consumable things we need to survive (food) + the upcoming unemployment rates .. Even with a fixed mortgage rate over time, with your money buying you less food and other necessities it could spark a ripple of mortgage defaults with a surge to rental real estate .. homes supply outweigh demand causing a big devaluation in prices.. How much is the question.
What are your thoughts?
In my opinion, it depends on inflation on consumable things we need to survive (food) + the upcoming unemployment rates .. Even with a fixed mortgage rate over time, with your money buying you less food and other necessities it could spark a ripple of mortgage defaults with a surge to rental real estate .. homes supply outweigh demand causing a big devaluation in prices.. How much is the question.
What are your thoughts?
Comments
http://www.thebitgoldfiles.com/#!When-Things-Stop-Making-Sense/c1q8z/56ab889c0cf205a1e854f58d
When things get crazy, the sane turn to gold.
Yes to @GrandpaBrian
It's interesting that Canadian real estate price in terms of gold has not gone up since the 90s according to Wieler.
Save in gold.