If this chart of Vancouver Real Estate plays out as would be expected over the coming years, could get very ugly indeed.....
Sure looks like a terminal blowoff to me....
Canadian Banks about to be destroyed?
Started by
K Wave
, Feb 06 2016 11:37 AM
1 reply to this topic
#1
K Wave
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Posted 06 February 2016 - 11:37 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#2
pdx5
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- Traders-Talk User
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I want return OF my money more than return ON my money
Posted 06 February 2016 - 04:48 PM
Why would the banks be hurt if values drop?
The mortgage taker is obligated to pay the bank.
It is the sellers who would absorb the losses.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
