Saskatoon Housing Bubble. To take a look at the short and long term fundamentals of the Saskatoon real estate market. To prove that Saskatoon and other parts of Canada have a housing bubble. Also looking at how the possible commodity bubble and troubles in places like China, the US and Europe will have on Saskatoon real estate.
Friday, February 24, 2012
Macleans: Canadian Real Estate Crisis: You're About To Get Burned
I'll do a follow up when I read the article. The housing bubble articles are coming fast and furious.
You are so self-serving. After mercilessly criticizing the mainstream media, suddenly they have credibility because they publish a story you agree with?
I have not read the story. So you are jumping to conclusions that I agree with them. But as I said the housing bubble articles are coming fast and furious. If they understand how the fundamentals of the housing market are out of whack, then I agree with them.
For Canada -House price to income, rent and earnings out of whack. -Residential investment is now at previous bubble highs. -Household debt to income and GDP higher than the US. -Mortgage debt is the only thing that correlates to the rise in house prices, not incomes, not GDP, not employment, nothing. - A soft landing is not possible throughout the country.
You are so self-serving. After mercilessly criticizing the mainstream media, suddenly they have credibility because they publish a story you agree with?
ReplyDeleteYeah, Kevin is so self serving... unlike those folks in the Real Estate and Banking industries.
DeleteI have not read the story. So you are jumping to conclusions that I agree with them. But as I said the housing bubble articles are coming fast and furious. If they understand how the fundamentals of the housing market are out of whack, then I agree with them.
ReplyDeleteFor Canada
-House price to income, rent and earnings out of whack.
-Residential investment is now at previous bubble highs.
-Household debt to income and GDP higher than the US.
-Mortgage debt is the only thing that correlates to the rise in house prices, not incomes, not GDP, not employment, nothing.
- A soft landing is not possible throughout the country.
If they understand this, then I agree with them.