Real estate is in big trouble globally. We are watching the slowdown in the U.S, Australia, and Canada just to name a few. In Canada, it has become extremely normal to remove equity from the home and never make payments back towards it. In Australia, we’ve seen a market sliding further and further which will result in mortgages underwater. In the U.S. sales have absolutely slowed from coast to coast. But the Fed will save the day, right?
Canadians Keep Using Their Homes as ATMs Even as Market Swoons - Bloomberg
https://www.bloomberg.com/news/articles/2019-02-21/canadians-keep-using-their-homes-as-atms-even-as-market-swoons
More Canadians 'use their homes as ATMs': Consumer agency - BNN Bloomberg
https://www.bnnbloomberg.ca/canadians-use-their-homes-as-atms-consumer-agency-1.772835
householddebt_dec2018.pdf
http://www.rbc.com/economics/economic-reports/pdf/other-reports/householddebt_dec2018.pdf
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