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July 21, 2018 | This Week in Money

This Week in Money

This Week in Money presents leading financial news and market commentary from interesting, informative and profound guests. They are some of the financial world's most colorful and controversial thinkers, discussing the markets, economies and more! Hosted by radio veteran - Jim Goddard. New shows air Saturdays on Internet Radio. Archived online at TalkDigitalNetwork.com/HoweStreet.com

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This Week in Money Archives July 21st, 2018

Posted In: This Week in Money

One Comment

  • Bruce Smith says:

    The days of the real estate salesman and mortgage brokers are numbered.

    I was all of these things and an appraiser to boot.
    I am out of the game now because I am retired as an old man.
    We are in a new world.
    Jobs will disappear through technology. Guaranteed Income will become a necessity or else civil insurrection from the millions of unemployed, will become our new paradigm. Highly educated people in Math and Science will be the norm as is becoming the case now.

    I predict a massive rebalancing coming in home ownership. I learned early in my career, that when the entire market is being driven by speculators and that the average family carrying a lunch pail to work can’t afford one…it is only a matter of time before the market corrects.

    You can rely on immigration to support your residential market for only so long. Eventually, there will be regression to the “mean”. We are in the longest and greatest boom in housing prices since I entered the business in 1972.

    I had a business associate say to me back in the 80’s when Toronto real estate home prices were on the rise….”Why is it everyone’s God Given right to live in Toronto?”.

    Well, we can look at Toronto and Vancouver today and ask the same question.

    Something is going to give in the next Global Recession that is coming in a year or two…let’s all buy stocks now and real estate….it will never end…there is only up…you have to be old like me to understand the fallacy in this.

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