May 10 2019 38 mins 2
Youtube Video here: https://youtu.be/FHh1GDXJRS0 John Sneisen and Financial Advisor Tim Picciott talk about the real estate bubble popping in Vancouver and how the Vancouver housing market has hit 30-year record lows by far in house sales for April being at 130. The average condo prices in Vancouver are year over a year down 19%. With a lack of new borrowers and an entry price into owning real estate at $120k in personal income needed it is clear that the Vancouver housing bubble has hit its peak and is declining. The Detached home prices are down over 10.5% in Metro Vancouver area as of March 2018. They also touch upon how the head of Canada Morgage and Housing Corporation said in an interview with Bloomberg BNN that Canadians need to stop glorifying homeownership as a savings vehicle. The new CMHCtries to boost homeownership by offering qualified first-time home buyers a 10 percent shared equity mortgage for a newly constructed home or a 5 percent shared equity mortgage for an existing home. It is a bandaid to try to stop housing from collapsing after the mass printing of currency by setting interest rates low. They report on how the Monetary supply M1 and M3 in Canada have been increasing at one of the fastest rates in the world since 1995 about 500% and since 2007 250%. Most of this currency has floated into real estate and the TSX. It has created a debt bubble in private debt at one of the highest levels in the world with almost 270% private debt to the GDP. Delinquency rates are up all across Canada and not to mention Toronto that has a very similar real estate bubble as Vancouver. They ask how can this be sustainable and will Canada be the first major Western Economy to drop their interest rates to scare off the inevitable debt bubble created in Canada. With Oil down and debt up will Bank of Canada put forward big stimulus programs to try to save the economy from the bubble it has created? Only time will tell, but we are getting close to the end game. Tim’s Free Ebook – http://www.howitsrigged.com Buy John’s Book: https://amzn.to/2PSJjWZ Stream Tim Content: Dlive- http://bit.ly/2WuJH01 Twitch- http://bit.ly/twitchliberty Subscribe to The Liberty Advisor Podcast: Podbean- http://bit.ly/podliberty Itunes- http://bit.ly/itunesliberty Google play- http://bit.ly/2Jspqoi Player.FM- http://bit.ly/playerliberty Stitcher- http://bit.ly/stitcherliberty Watch Tim’s Content Bitchute- http://bit.ly/bitchuteliberty Theytube/ youtube- http://bit.ly/theytubeTim Follow Tim Picciott: Join Minds.com: https://www.minds.com/register?referrer=thelibertyadvisor http://bit.ly/libertyminded Steemit- https://steemit.com/@timpicciott/feed Facistbook- https://www.facebook.com/thelibertarianadvisor/ Ditch Google and get paid to search anonymously using PRESEARCH: https://presearch.org/signup?rid=1293283 Support Wam: JOIN US on SubscribeStar the PATREON ALTERNATIVE: https://www.subscribestar.com/world-alternative-media GET YOUR TICKETS for The Red Pill Expo 2019 here: https://redpillexpo.org/rpe/wam/ *Join Our Affiliate! Mike Maloney's GoldSilver linked below! * https://goldsilver.com/?aff=WAM Winnipeg Crypto Conference: https://winnipegcryptoconference.com/ Use promo code "WAM" to save money! www.anarchovegas.com Use promo code “WAM” to save money~ HOW YOU CAN HELP KEEP WAM ALIVE! GoFundMe: https://www.gofundme.com/w3e2es Patreon: https://www.patreon.com/user?u=2652072&ty=h&u=2652072 Bitcoin: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU The information contained is strictly for informational purposes only. Please consult with your own financial advisor before making any investment decisions. Investing into Crypto Assets is incredibly risky and you should not do so on your own unless you have considerable knowledge in this field and can afford to lose money. If you do not have an advisor or would like to work with Tim Picciott and his investment firm. Tim is offering 15 minute complimentary investment consultations with his firm: Innovative [...]
