Mike's Daily Comment
They don’t understand a basic premise of increasing condo and townhouse supply. These projects can’t get construction loans without presales. Some in the media, government and public think that a crash in presales is good news on the affordable housing front. Clueless.
Mike asks is it government’s job to put people out of business because that’s what’s happening. Eric Coffin talks about what’s next for gold while Ozzie discusses the fall-out from the crash of pre-sale condo units. Hint: it’s bad news for affordable housing.
It used to be most Canadians were concerned when people lost their jobs through no fault of their own. Workers in the oil sector who have lost their jobs don’t rate a mention by anti-oil politicians and activists. The real estate sector tanks taking thousands of jobs with it and few seem to care.
In Berlin they had to put up a wall to keep people in while over 77,000 have died trying to flee Cuba – 4 million have fled Socialist Venezuela. Meanwhile this year over a million migrants will face hardship and danger trying to get into capitalist US.
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A sane voice in a scrambled investment world.
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Political and Economic Uncertainty in Europe Impacts Us
Posted by Michael Campbell
on Tuesday, 9 July 2019 11:16
With the political uncertainties, sovereign debt crisis and banking problems the next seven months are going to be terrible for Europe but how will it all affect our finances.