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       #Post#: 10340--------------------------------------------------
       Canada likely sitting on the largest housing bubble of all time?
   DIR By: jsmth321
       Date: August 22, 2023, 6:15 pm
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       "The level of debt that Canadians have taken on in comparison to
       their incomes has put many in a precarious position should
       mortgage rates continue to rise — which is likely, Phillip
       Colmar, partner at Global Strategist at MRB Partners, told BNN
       Bloomberg in an interview on Tuesday."
       “The worst part for a housing bubble is when you have [a] credit
       bubble underneath it,” Colmar warned."
       When the bubble pops, it will make the 2008 US crash look like
       Disneyland.
  HTML https://www.bnnbloomberg.ca/canada-likely-sitting-on-the-largest-housing-bubble-of-all-time-strategist-1.1962134
       #Post#: 10349--------------------------------------------------
       Re: Canada likely sitting on the largest housing bubble of all
       time?
   DIR By: Siouxie
       Date: August 23, 2023, 11:48 am
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       --- Quote from: jsmth321 link ---
       >
       > "The level of debt that Canadians have taken on in comparison
       to their incomes has put many in a precarious position should
       mortgage rates continue to rise — which is likely, Phillip
       Colmar, partner at Global Strategist at MRB Partners, told BNN
       Bloomberg in an interview on Tuesday."
       >
       > “The worst part for a housing bubble is when you have [a]
       credit bubble underneath it,” Colmar warned."
       >
       > When the bubble pops, it will make the 2008 US crash look like
       Disneyland.
       >
       >
  HTML https://www.bnnbloomberg.ca/canada-likely-sitting-on-the-largest-housing-bubble-of-all-time-strategist-1.1962134
       >
       --- End Quote ---
       They should look at what happened in the UK in the late 80's >
       90's and take heed!
  HTML https://builtplace.com/subscribers/digging-deeper/housing-downturns/1989-95/
       #Post#: 10369--------------------------------------------------
       Re: Canada likely sitting on the largest housing bubble of all
       time?
   DIR By: jsmth321
       Date: August 25, 2023, 2:19 pm
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       If the top 10% can't afford the average home the rest of us are
       totally screwed.
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