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When the Bubble Bursts

Surviving the Canadian Real Estate Crash
Jun 21, 2015HandyFellow rated this title 2 out of 5 stars
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.