Juggling Dynamite

Coronavirus is a catalyst for the overdue implosion of Canada’s world-famous debt and real estate bubble.

Debt, Frozen Real Estate, Cancelled HELOCs, and a Guaranteed Recession with Ben Rabidoux – He has many new predictions, including: Lenders will, very soon, lower HELOC borrowing availability, and likely convert HELOCs to regular loans requiring payments of interest and principal each month. He also predicts that residential rents will fall by 10%, and perhaps more in many markets. Many investors in second mortgages will be wiped out. Population growth will slow dramatically, and that, combined with a 95% reduction in Airbnb bookings will reduce house prices (but not immediately, because the real estate market is essentially frozen, with less buying and selling).​ Here is a direct video link.

Highly levered and priced for perfection is always a train wreck waiting to happen.  This podcast gives a taste of the debt dominoes that coronavirus has set in motion.

Homemade masks are partly effective in individual protection, but they are essential for slowing the spread of the virus in the population. The main outcome of our studies was that they stop around 95-100% of viruses that people emitting by your breath, sneezing, and coughing. People are the most contagious first days without symptoms, that’s why we need masks for all. Here is a direct video link.