Canadian real estate prices are expected to drop with the declines getting bigger as the lockdown persists.
Read More »Your House: A Home, An Investment or a Ponzi Scheme? (+4K Views)
In the past few decades, the concept of home ownership has been completely turned on its head. Previously, homes were considered a very long-term consumption good...[No one] ever considered tripling the value of their homes by retirement time and selling them to move beachside yet, somehow along the way, this became a reasonable investment expectation. Even today, home buyers still make their purchases with the hopes of escalating prices. [It begs answers to these questions: Is a house just a home? Should a house be expected to behave like an investment? Is the housing game nothing more than a Ponzi scheme where the end buyer before the market corrects becomes the "greater fool"? Let's try and answer those questions.] Words: 935
Read More »Is a House/Condo a Good “Investment”? Hardly! Here’s Why (+3K Views)
Most people seem to think owning a house is a great “investment” but, in actual fact, when you look at the numbers closely, such an acquisition is anything but. Let me explain with supporting evidence.
Read More »Mortgage Interest Deductibility Should Be Eliminated! Here’s Why (+3K Views)
“Buy as much house as you can,” real estate agents urged clients. “The more you buy, the bigger your tax break” is their advice using the mortgage interest deduction (MID) to explicitly promote over-investment in housing. Unfortunately, such advice fueled the previous housing boom and exacerbated its bust and could do so again.
Read More »Housing Inventory Crunch Suggests Coming Bidding Wars & Resultant Skyrocketing Prices
A strong demand for houses combined with a shortage of homes for sale is a recipe for the fastest increases in home prices in years
Read More »September Rents In 20 U.S. Cities: How Does Your City Compare?
The national average rent went up by 3.2% in the past year but dipped by 0.1% month-over-month, reaching $1,471 in September according to the Rent Cafe Apartment Market Report - a dip of just $1 to $1,471 - for the first time in two years.
Read More »Toronto Has World’s 2nd Biggest Housing Bubble, San Francisco is #10
Toronto real estate is climbing up the charts, and is back to the second highest risk for a bubble. This is up from the number three spot it held in 2018, but down from topping the list in 2017.
Read More »Mapped: The Countries With the Highest Housing Bubble Risks
...Experts have been closely watching several indicators that point to rising bubble risks in some housing markets. Further, they are also warning that countries like Canada and New Zealand may be overdue for a correction in housing prices.
Read More »8 Views Of U.S. Home Ownership By State
This compilation of 7 graphics takes a look at the costs associated with U.S. home ownership and renting.
Read More »These 4 Metrics Track Rising Bubble Risks In 22 Housing Markets
Experts have been closely watching several indicators that point to rising bubble risks in some housing markets. Earlier this week Bloomberg published results from a new study that tracks four key metrics and this infographic reveals how they apply to the 22 countries covered.
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