Global Real Estate Prices DROP! Canada, Australia, Sweden SIGNIFICANT Price and Sales Tumble!

in #money8 years ago


In today’s economy, we need real estate to keep afloat. People have taken on massive levels of debt in order to afford these homes. If they decline in price, it would make the Subprime Mortgage Crisis seem like nothing. And yet here we are today, on the precipice of disaster.

Global Real Estate Is Worth $217 Trillion Total | Fortune
http://fortune.com/2016/01/26/rea-estate-global-economy/
Australian home prices fell a little faster last week | Business Insider
https://www.businessinsider.com.au/australia-property-house-prices-apra-home-loan-listing-levels-2018-7
Australia-home-prices-July-16-2018-table.jpg (678×407)

Stockholm, Vancouver see huge plunges in luxury property prices, Real Estate - THE BUSINESS TIMES
https://www.businesstimes.com.sg/real-estate/stockholm-vancouver-see-huge-plunges-in-luxury-property-prices
New York's luxury real estate market is in correction
https://www.cnbc.com/2018/04/03/new-yorks-luxury-real-estate-market-is-in-correction.html
A Town Drowns in Debt as Home Values Plunge - The New York Times
https://www.nytimes.com/2008/11/11/business/11home.html
Living in the underwater town – The Mercury News
https://www.mercurynews.com/2008/11/13/living-in-the-underwater-town/
VIX Futures Close at Lowest Level in Six Months as Fear Vanishes - Article - BNN
https://www.bnnbloomberg.ca/vix-futures-close-at-lowest-level-in-six-months-as-fear-vanishes-1.1109963


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I understand what your saying , but in a situation like the one I’m looking into of owning an apartment building don’t you think thats a smart way to keep generating income ❓And I’m not talking about flipping . Just owning and operating it . Thank you 🙏 for another great lesson👏👍 maestro🍎

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