Not really surprised.. my years of experience in capital markets have showed me working in finance doesn’t mean you know it or you are smart.. the sad reality

SCE,

You are making a lot of assumptions here as well. There have also been a lot of boomers who have chosen to give their children $200,000 down payments out of the equity of their homes. I agree $3 billion in the context of the number of boomers out their isn’t much but many of them in their 60’s still have a mortgage. They are too stubborn and seek comfort and familiarity in old age to downsize is all it is.

By the way, once a market turns it takes several years to form a bottom. Just because things appear stable in some markets doesn’t mean the coast is clear and back to how things were before. I still suspect we will be in recession in two years and the housing market will bottom two or three years after that.

A shallow thinking finance professional — how could that possibly end badly?

Prices are up! All is fine! Nothing to see here! Seniors are mortgage-free on prime properties close to downtown! Loaded, I tells ya!

The loudest people are usually loud because their points don’t come across very well.
You are delusional for your own profits to think this market can sustain itself.

Thanks for digging up that information Daniel. It was missing from the last article on the topic and IMHO it’s very important and relevant to the topic because there was no explanation on the sudden jump.

When or if an external shock comes we as Canadians have limited options to address it. Every asset class contains morons, prudent investors, the lucky and the unlucky. No use debating it on a blog just enjoy the cycle lol

*Real estate related industries

I hope your right and we don’t learn the difference the hard way.

Ha. I’m a finance professional, I also don’t care if you rent or buy. I first came on here to have an intelligent conversation, but the bears here are always insulting anyone who has anything positive to say. Well, if we have one stat to tell who’s right or wrong, it’s prices, and it’s been stable to up. So anyways, will leave it up to you to see if who’s right or wrong. I really don’t care.

Not being able to have assets and cash at the same time? Where are you pulling this from??? This happens all the time everywhere.

Also, BD has this amazing ability to make people on this site believe the world is falling apart. Do you realize how small $3b is in the context of the Canadian population? It’s hardly a cause for concern.

Tick Tock. BD4L!!!!!!!!!!!!!!

The equivalent would be to borrow against a stock/bond portfolio.

Repeat after me you can not have a asset and the cash at the same time.

If you are you are adding leverage and subsequently more risk.

Two concepts would be helpful. But I bit beyond the scope of this post. Sequence of returns and Monte Carlo analysis.

No one should call anyone else a moron. This is true we all have blind spots. But, I really hope SCE is not a real estate or finance professional.