When will the housing market crash? MAYBE sooner than we thought 😱

13 Comments

1. Realtors Fed the beast too. They saw money to be made with FOMO and artificially inflated the prices. Amazing how a houses built for the WW 2 veterans “North End” of Kelowna 1945-59, 2×4 exterior walls, asbestos drywall or lathe and plaster covered walls. With your neighbor 5ft next to you can sale for $1.2 million. Can’t wait for the BIG crash and people have brought in way high and it will take 15+ years to break even. Who can afford 3.5k to 4.5k a month mortgages? Food,taxes,child care,car gas,property taxes. WoW so so scary.

2. Question about MEXICO: Do you see a pull back in 2nd home buying (vacation homes) when financing dries up in Canada? No more HELOCS buying up vacation homes? Mexico real estate is rising and there has been a buying frenzy down here. We have been living here for the past year and see such a frenzy of building….yet isn't this dependent on canadians and americans (europeans as well)having the extra equity to push development down here?

3. This is probably the best of all your must see programs that explains the hidden freight train effect coming ahead – Thanks for your insights.

4. They've gotta bankrupt as many as possible for the great reset, so you can own nothing… The hunger games have only just begun.

5. Another factor here is that in Canada (as well as NZ), many people with wealth have sold up and left these countries due to events/restrictions of the past 2 years. The wealthy are increasingly wary of trusting their money and assets in a country that may not respect rights and liberties if it’s citizens. These countries also rely heavily on taxation and when high earners leave, government revenue takes a significant loss There may be immigrants coming to Canada but the majority are not bringing high wealth or will be high earners (even many professionals have to work low wage jobs when arriving in Canada due to their credentials not being recognized). Cost of living in Canada is getting quite out of control and those that have a choice, will leave with their cash for a country with more freedoms and a lower cost of living/taxation.

6. But my Realtor and the banks told me real estate is risk free

7. Love your channel man. Keep it up. I just watched steve saretskys latest video where he's in calgary investing in a duplex. Some of the comments say they are bullish for calgarys housing market LOL

8. Just sold my house in Calgary and I want to buy a condo for investment should I wait until a correction?

9. I work part time in a restaurant and I was shocked to learn that they were still getting government support (about 20k per month) up until this month. But that has now ended. Going to be seeing a cascading series of business bankruptcies – massive carnage coming that has just been delayed.

10. What's your take on the likelihood of federal student loan forgiveness in Canada in the near future?

11. Still waiting on my Monkey Pox Stimmy Cheque!!

12. Come on home Luke!

13. Replay gang!!! Looking forward to watching from the beginning and appreciate the time stamps!! 🔥🔥🔥🔥

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