Hilliard Macbeth

When the Bubble Bursts (eBook, ePUB)

Surviving the Canadian Real Estate Crash

• Format: ePub

Produktbeschreibung

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 "safe haven" investment. This widely held belief and obsession with real estate led millions of Canadians to take on massive amounts of debt - tripling their collective financial burden - ensuring that Canada is one of the most indebted nations on the planet.

Drawing on dozens of interviews and even more conversations with individual Canadians and couples, this second edition also tackles the economic conditions and regulatory rules that allowed such a dangerous situation to develop in Canada, formerly a nation of conservative and prudent citizens.

Hilliard MacBeth argues that Canada is in the midst of an unprecedented real 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 to protect themselves from the fallout of the bubble bursting - if they act quickly.

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Produktdetails

• Verlag: Dundurn Press
• Seitenzahl: 272
• Erscheinungstermin: 23. Juni 2018
• Englisch
• ISBN-13: 9781459742055
• Artikelnr.: 52909433

Autorenporträt

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

Inhaltsangabe

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