Buying assets with high loan-to-value ratios tends to magnify price cycles up and down. Leveraging assets like principal residences to get downpayments for other assets leads to a daisy chain of woe for owners, lenders, and the economy. We’re there, and unfortunately, we’ve earned a whopping correction cycle.
Today’s interview features Ron Butler, principal broker at Butler Mortgage and host of the Angry Mortgage Podcast. He discusses Toronto’s overlooked condo crisis, the looming economic and political impacts, and why this issue needs to be discussed as a principal federal election issue. Here is a direct video link.
And it’s not just happening in Canada. Quite a mess…
‘The Big Money Show’ panel analyzes the state of the housing market. Here is a direct video link.
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