When the Bubble Bursts (eBook)

Surviving the Canadian Real Estate Crash

Hilliard Macbeth (Autor)

eBook Download: EPUB

2018 | 2. Auflage
272 Seiten
Dundurn (Verlag)
978-1-4597-4205-5 (ISBN)

Infos

Hilliard MacBeth argues that investors should stop thinking about real estate as a safe investment, warning that it is only a matter of time before Canada faces a housing crisis of major proportions. He guides investors towards safer and more lucrative investments in order to protect their assets and ensure a comfortable retirement.

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A newly updated edition for the fast-changing real estate market in Canada!Over the last two decades Canadians have become convinced that real estate is the"e;safe haven"e; investment. This widely held belief and obsession with real estate led millionsof Canadians to take on massive amounts of debt - tripling their collective financialburden - ensuring that Canada is one of the most indebted nations on the planet.Drawing on dozens of interviews and even more conversations with individualCanadians and couples, this second edition also tackles the economicconditions and regulatory rules that allowed such a dangerous situationto develop in Canada, formerly a nation of conservative and prudent citizens.Hilliard MacBeth argues that Canada is in the midst of an unprecedentedreal estate bubble and that there will soon be a crash in house prices,triggering a financial crisis. Individual Canadians and families can still take action toprotect themselves from the fallout of the bubble bursting - if they act quickly.

Autor

Hilliard MacBeth has advised individuals and families from across Canada on their investments for forty years. He lives in Edmonton.

Inhalt

Note to Readers
Introduction to the Second Edition

Part I: The Bubble
Chapter 1: Canada’s Housing Bubble Defies Gravity
Chapter 2: Canada's Debt Addiction
Chapter 3: Bubbles, Bubbles Everywhere
Chapter 4: Japan: A Warning


Part II: A Shaky Foundation
Chapter 5: Preparing the Ground
Chapter 6: Detached from Reality
Chapter 7: Debt and Money Creation


Part III: Canada Is Special
Chapter 8: Canadian Exceptionalism
Chapter 9: Blowing Bubbles: The Role of the CMHC
Chapter 10: Banks Will Survive (But They Won't Thrive)


Part IV: A Place to Live
Chapter 11: A Home, Not an Investment
Chapter 12: Boomers Will Need to Sell
Chapter 13: Who Gets Hurt?


Part V: Surviving the Crash
Chapter 14: Into Action
Chapter 15: Who Wants to Be a Landlord?
Chapter 16: Avoid These Mistakes
Chapter 17: Beyond Survival
Chapter 18: Change Is Needed Now


Acknowledgements
Bibliography
Index

Produkt-Details

• Erscheint lt. Verlag: 23.6.2018
• Verlagsort: Toronto
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse
• Themenwelt: Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Immobilien / Grunderwerb
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Immobilienwirtschaft
• Schlagworte: Baby boomers • Canadian banks • Canadian economy • CMHC • condominium • Global financial crisis • Home Ownership • Household debt • household leverage • house price to income ratio • Housing • housing myth • marketreal estate • Millennials • overvalued • S&P TSX • Stock Market
• ISBN-10: 1-4597-4205-2 / 1459742052
• ISBN-13: 978-1-4597-4205-5 / 9781459742055