You’ve probably heard of the Economist.
That magazine is the latest voice of doom when it comes to our housing market:
The magazine’s dire prediction comes as Canada’s mortgage brokers’ association is warning that the recent slowdown in home sales will continue and lead to large-scale job losses – though some parts of the country will continue to see growth in housing and related employment.
“A large bubble now looks set to burst,” The Economist predicts in its property markets report.
The U.K.-based business periodical found house prices in Canada are overvalued by 73 per cent when compared to rental prices, and 32 per cent overvalued when compared to household incomes.
Read the full Huffington Post article here and the original Economist article here.
Ron Paul Predicts Housing Bubble 5 Years Before it Burst
Ron Paul is not only a Doctor but also a student of Economics. He founded the FREE Foundation (The Foundation for Rational Economics and Education) as a vehicle to increase understanding of the economic principles of a free-market society. Dr. Paul has been speaking out against the Government for its financial mismanagement and wasteful spending for years only to be marginalized and ignored not only by his colleagues in Washington but also by the Main Stream Media. Things in America are so bad now that people are finally starting to listen especially because he has been making these predictions years before they come to fruition. We need a strong, knowledgeable President who can lead us out of this disaster as our economy is on the brink of collapse and Dr. Ron Paul is that Leader! FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a ‘fair use’ of any such copyrighted material as provided for in Title 17 USC section 107 of the US Copyright Law.
Video Rating: 4 / 5
Whaddaya Say?