Well that’s the end of another month, let’s wrap it up with an open topic thread and news round up. Here are a few recent links to kick off the chat:
–52 years to save up for a down payment
–Avalanche of Apt Buildings hitting metro
–Don’t pay till you die
–The 9 lives of the Canadian housing market
–Politicians want you to buy
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So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have a great day!
Southseacompany points out that the economist Robert Schiller has some thoughts on the economy and a bit of history repeating:
“Housing is driven by narratives. Before 2007, the narrative was flipping houses [and the belief that] home prices have always gone up,” the Yale economist said during an interview with Yahoo Finance’s YFi PM. “Then, after the Great Recession, it was tragic narratives about people who lost their home, or dangers of borrowing too much or lending too much. It’s been 10 years since the crisis. Now, those narratives are starting to be forgotten.”
Read the full article here.
It’s that time of the week again. Friday free-for-all time!
It’s another open topic discussion thread for the weekend.
So what are you seeing out there?
Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!
An anecdote from southseacompany:
Post from one of my LinkedIn connections;
“Lead indicators … Vancouver’s Development Permit Board reviews major project applications. Their agenda looks rather empty. ”
July 22, 2019 – Cancelled
August6, 2019 – Cancelled
September 3, 2019 – Cancelled
September 16, 2019 – Cancelled
“When I served on the DPB (1999 -2002) we commonly had 3 to 4 items on the agenda EVERY two weeks.”
Bullwhip29 shared this story claiming 1 in 5 millennials commit mortgage fraud:
Around one in five (19 per cent) of Millennial home buyers responding to the survey admitted to inflating their annual income on their mortgage application. And nearly 23 per cent of Millennial home buyers said they think this is an acceptable course of action in today’s mortgage climate — nearly double the 12 per cent of all respondents who agreed this was OK.
Read the full article here.