When the Bubble Bursts

When the Bubble Bursts

Surviving the Canadian Real Estate Crash

Book - 2015
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Starting in 2008, investors, upset by the stock market collapse, started to see real estate as a "safe haven" investment. While talking with numerous clients, investment manager Hilliard Macbeth realized that Canadians have far too much of their investment capital and savings tied up in expensive real estate when better opportunities are about to appear in other asset classes. He argues that Canada is in the midst of a real estate bubble, and there will soon be a crash in house prices.

What can Canadians do to be prepared financially for retirement and to take advantage of the "once in a lifetime" buying opportunity that will follow the bubble bursting? All these answers can be found in When the Bubble Bursts .
Publisher: Toronto :, Dundurn,, 2015, ©2015.
ISBN: 9781459729803
Branch Call Number: 333. 33220971 MACB
Characteristics: 248 pages ; 23 cm.


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Aug 04, 2016

I thought this was an awesome book. Weeks after setting it down, I still think of the one chart he had showing how the USA corrected but Canada and Australia didn't. That says it all imo.
The 2nd half of the book was just rambling but the 1st half is very interesting and he comes up with lots of valid reasons why the real estate market is overvalued.
Quite an eye-opener. I do agree with the other review that the author has a conflict of interest but I'm grateful to have read this.

Jun 21, 2015

Garth Turner has been beating this same Doomer drum for 6 years on his website, and since then, RE has gone up another 40-50% in some markets. Now Macbeth, who is also a shill for the 'financial services' industry, decides to jump on the bandwagon, sell some books, do the media circuit, and promote his financial version of salvation. Married to Nancy (Betkowski) Macbeth, a former Alberta politician, they clearly have a great government pension in place and a growing Boomer client list. Hilliard suggests that the only road to redemption is to hire a financial advisor such as him and get diversified. He doesn't mention the 1.5-2.5% of assets under management that many advisors charge, the rigged Ponzi game that the financial industry actually has become, and how him and his ilk gain nothing from RE investors. Sure there will be a correction at some point, but the same could be said about stocks, bonds, interest rates, or any other asset. No one can predict the future. Just ask Nancy Betkowski Macbeth, who was convinced she had the PC leadership position in the bag back in the day until Ralph snatched it away. Will there be a correction? Sure, at some point, but then again, even a broken clock tells the correct time twice a day.

Jun 17, 2015

the author makes a very strong case for why the Canadian real estate prices will crash. I've been calling for it for 2 years, especially the Toronto condos.
The economic consequences won't be pretty when it happens.

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