Danielle was a guest today with Kerry Lutz, on The Financial Survival Network, talking about recent developments in the world economy and markets. Here is a direct audio link.
“…as housing bubbles are allowed to expand, many are hurt or drawn into unsustainable financial situations. When housing bubbles unwind, there is major collateral damage, and people are hurt through little or no fault of their own. And the historical record is that they do unwind, essentially without fail.”
— Ryerson University, City Building Institute report, March 2017, recommending foreign-buyers’ tax or a property tax changes to deter continued speculation.