Toronto Real Estate Prices BIGGEST DROP in 30 YEARS! Interest Rates Are BANKRUPTING People!

in #money8 years ago


Home prices had risen dramatically in Toronto, Vancouver, San Francisco, Hong Kong, London, and many other cities. All of this has been fueled by low interest rates. We see debt rising. We see credit card debt at the highest on record. Mortgage debt destroying people. And guess what? There’s no way out of this mess.


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San Francisco's Median House Price Hits a New High: $1.6 Million - Bloomberg
https://www.bloomberg.com/news/articles/2018-04-04/san-francisco-s-median-home-price-hits-a-new-high-1-6-million
Toronto home prices see biggest drop in almost 30 years | Financial Post
http://business.financialpost.com/real-estate/toronto-luxury-home-sales-tank-from-last-years-record-pace
Interest rate hikes are going to pinch this province hardest — and it’s not who you think it is | Financial Post
http://business.financialpost.com/news/economy/interest-rate-hikes-are-going-to-pinch-this-province-hardest-and-its-not-who-you-think-it-is
fp0404_rbc_charts_c_mf.png (640×1291)

Homeowners Ditch Refinancings as Mortgage Rates Rise
https://www.msn.com/en-us/news/other/homeowners-ditch-refinancings-as-mortgage-rates-rise/ar-BBKIWc8


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This time is different! Or is it...

I find it hard to believe this mess is due to incompetence on top. There is definitely a hidden agenda there, but it is a double edge sword. May be the fallout is big enough to cause people to demand return to sound commodity based money, or adoption of some decentralized cryptocurrency to relieve the people of this stealth inflation tax.

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