Real Estate FALLOUT in U.S, Australia, and Canada!
Real estate isn’t quite in subprime crisis mode. There’s no panic and chaos. But the fraudulent paperwork, trillions in derivatives, and rising interest rates are all apparent in most places around the world. Some cities that were climbing higher in a straight line have either stagnated or more than likely fallen to some degree. With real estate making up a growing percentage of economies in many countries, such reliance becomes a very dangerous as things slow down.
Shutdown highlights that 4 in 5 US workers live paycheck to paycheck
https://www.cnbc.com/2019/01/09/shutdown-highlights-that-4-in-5-us-workers-live-paycheck-to-paycheck.html
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House prices fall at fastest rate in 35 years as credit tightens, sentiment slips
https://outline.com/ykNJX5
Bank of Canada holds interest rate: Official statement | Financial Post
https://business.financialpost.com/news/economy/bank-of-canada-holds-interest-rate-read-the-official-statement-4
Bank of Canada maintains overnight rate target at 1 ¾ per cent - Bank of Canada
https://www.bankofcanada.ca/2019/01/fad-press-release-2019-01-09/
Monetary Policy Report - January 2019
https://www.bankofcanada.ca/wp-content/uploads/2019/01/mpr-2019-01-09.pdf
BMO Capital Markets sets TSX target of 17,000 for 2019 - Video - BNN
https://www.bnnbloomberg.ca/investing/video/bmo-capital-markets-sets-tsx-target-of-17-000-for-2019~1581602
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Here in my area I don't see any evidence of a real estate crash impending, here is how you can tell if it is coming, check out multi family property. If 3-4 unit buildings are selling for a price where the rent does not cover the debt service then the market is about to shit the bed. Because then that means that people are driving up the prices with speculation to more than they are worth. At the time when that is happening what you will see is people buying multi family properties for more than they are worth with the hopes of converting them into condos and selling the condos for a profit, obviously that is risky and unsustainable.
I see opportunities .