Since 2011,Â David Madani from Capital EconomicsÂ has been predicting a 25% declineÂ in Canadian Real Estate values.
Not only it did not happen, the Mainstream Media keeps interviewing him – usually without anyone with an opposing opinion. Why is that? the short answer is that the mainstream newsmedia needs your attention, and this guy delivers them the CMP they need so badly. The long answer is in the video and in Part 2 of this article where I go into a bit more detail why owning Real Estate is the way to go and why Renting will send you to the poorhouse.
Your comments and feedback are welcome! please post them on the video’s wall and keep them positive and professional. No trolling.
Links to articles mentioned in the video:
Home Price Index (Canada): http://homepriceindex.ca/hpi_tool_en.html
David Madani Interview (watch to the very end when he confesses to renting): http://www.youtube.com/watch?v=xgYGpwHia2w
G&M 2011: http://www.theglobeandmail.com/report-on-business/economy/housing/home-prices-could-dive-if-rates-rise-analyst-says/article565355/
G&M 2012: http://www.theglobeandmail.com/globe-investor/inside-the-market/housing-market-at-a-tipping-point-analyst/article4440619/
G&M 2013: http://www.theglobeandmail.com/news/politics/for-the-canadian-economy-will-2013-be-any-better-than-2014/article16090539/
Continue to Part 2: