overbuilding of shabby leaky product (condos), high mortgage debt and low wages combined with an interest rate rise in 2012, and a general lack of financial intelligence among voters and taxpayers (look at the HST fiasco - who cares if it passed or not - we looked stupid bickering over a tax that was cost effective in operation, and needed to pay off government debt) will make Garth's comments ring truer in 2013 than now. Treat a house like a house and NOT like an ATM and you win in real estate.
overbuilding of shabby leaky product (condos), high mortgage debt and low wages combined with an interest rate rise in 2012, and a general lack of financial intelligence among voters and taxpayers (look at the HST fiasco - who cares if it passed or not - we looked stupid bickering over a tax that was cost effective in operation, and needed to pay off government debt) will make Garth's comments ring truer in 2013 than now. Treat a house like a house and NOT like an ATM and you win in real estate.
VcrRocker 5 months ago