Category: Real Estate
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“Nuclear winter” for US housing
The US housing market is falling apart. Yet, many industry experts failed to see this coming. As recently as October 22, 2021 (source: CNN), real estate executives were quite optimistic about the future: “The impact of…higher rates shouldn’t be a source of major concern for the housing market.” — JPMorgan Chase chief financial officer Jeremy […]
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Quick Hits: 10 Charts
1: 30 year fixed mortgage rates in the US are about 7%. Rates have been at this level before, but not at these house prices. 2: Almost all past Fed hiking cycles have ended in crisis. Is there any reason for this time to be any different? 3: The pandemic triggered many early retirements, partly […]
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Should You Pay Off Your Mortgage or Invest?
part math, part psychology and part risk-management
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Quick Hits: Toronto Real Estate Decline
A few quick charts for my friends in Toronto. Many areas around the Greater Toronto Area have experienced significant price declines over the past few months. Still, as you can see below, even the adjusted price remains unaffordable for many. Particularly when you factor in higher debt servicing costs, due to higher mortgage rates. Toronto […]
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Canadians are Not Happy
The economics of being Canadian is eroding our capacity for happiness.
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Toronto Housing Bubble Shrinking Talent Pool
Businesses are not keeping up with the knock-on effects of skyrocketing housing prices. Where will new junior employees come from?
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The Death of Toronto’s Middle Class
House price appreciation in Toronto is destroying the middle class.
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List of Starbucks Imminently in Closing Downtown Toronto
When you return to the office your favourite Starbucks might be gone. But why are they abandoning these prime locations?
DumbWealth 