Our debt isn't like their debt
Our debt isn't like their debt
CIBC Economist just share his view said Canadian housing market is not going to crash in U.S. style. To read more, click "Our debt isn't like their debt". What I find interesting is not the content of the article, it is the comments people made after they read the article. It's fascinating when I read all the interesting comments like: "everyone I know believes that interest rates will never move up from here", another one still dwell on the "zero down, 40 yr mortgages" that has gone for a while, then some people just doesn't like realtor & call us "real estate crooks"; etc. Well, we all entitle to our own opinion. How much does it matter? NONE in my opinion. We are in a very unique era at the moment. The rich, the middle class & the people under the poverty line all have different point of view. 20 years down the road we can then look back to see who has more wisdom than the others. The emerging markets are the one who is driving the economy while the developed countries are suffering. However, we must count our blessing that Canada is one of the most politically steady countries in the world. The citizens here accept each other from all parts of the world & live peacefully together. This create lots of confident to the wealthy people around the world investing in our housing market. Therefore, as long as we maintain our friendly environment, l believe this one great quality is the reason why our population will keep growing & we will not have a bubble real estate market.
CIBC Economist just share his view said Canadian housing market is not going to crash in U.S. style. To read more, click "Our debt isn't like their debt". What I find interesting is not the content of the article, it is the comments people made after they read the article. It's fascinating when I read all the interesting comments like: "everyone I know believes that interest rates will never move up from here", another one still dwell on the "zero down, 40 yr mortgages" that has gone for a while, then some people just doesn't like realtor & call us "real estate crooks"; etc. Well, we all entitle to our own opinion. How much does it matter? NONE in my opinion. We are in a very unique era at the moment. The rich, the middle class & the people under the poverty line all have different point of view. 20 years down the road we can then look back to see who has more wisdom than the others. The emerging markets are the one who is driving the economy while the developed countries are suffering. However, we must count our blessing that Canada is one of the most politically steady countries in the world. The citizens here accept each other from all parts of the world & live peacefully together. This create lots of confident to the wealthy people around the world investing in our housing market. Therefore, as long as we maintain our friendly environment, l believe this one great quality is the reason why our population will keep growing & we will not have a bubble real estate market.
Tina Mak Personal Real Estate Corporation
Your Vancouver Radio Realtor
(The Bridge from East to West since 1992)
#1 Female Agent since 2002 @ Coldwell Banker Westburn Rlty
Vice Chair of Members Committee at AREAA Canada
Canadian Ambassador of Coldwell Banker 2011
Co-host of AM1320 Radio Investment Show
International President's Circle Award
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Email: tinamak@tinamak.com
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