 tj carlo chico do you think the current property markets are property markets are intentional house prices are going up and so are mortgage rates big institutions buying at the property property and forcing people to only rent and never own yeah it's it's an intentional game that they're playing but I don't think these house prices are gonna maintain I think the bubble is about to fn burst and it's gonna burst hard and one thing that we have to realize regarding Western economy the economy in Canada United States anyway the backbone of the economy is housing real estate right when for every house you need to build for every apartment you need to build you need to consume a lot of resources employ a lot of people pay a lot of taxes government feeds off of it and stuff like this right so that's the driving engine of the economy in Canada United States that's gonna that's about to come to a grinding halt right that's about to come to a grinding halt and one that once that comes into a grinding halt you're gonna see commodity prices drop you're gonna see oil prices drop you're gonna see housing prices drop hard one of the reasons we're gonna see housing prices drop hard is because interest rates are on the up tick I don't think they're gonna slow down the rise in interest rates they need to do this right the only thing that's gonna stop it is global warfare which is something that they are pushing but let's assume right now if interest rates continue to be kicked up in the United States 50 basis points every fed meeting for every 50 basis point that's gonna be raised I think mortgage rates are gonna go up 2% 3% or something like this okay something insane it's a multiple right plasma night many tour thank you very much for the follow interest rates are gonna go up right right now there's let's say there's a hundred people 100% of the population not 100% of the population but let's say 100% of those looking to buy houses right now let's say they're able to buy houses when 50% of the 50 basis points in interest rates go up and the mortgage rates go up 2% all of a sudden that's gonna eliminate 20% of the market those who are interested in buying housing right not only that there's just gonna be a certain number of people that have bought houses that didn't account for interest rates their mortgage rates going up if they have to renew every five years by 2% by 4% right and they won't be able to afford to pay the mortgage on an inflated asset right huge debt that they've taken on so they're gonna have to liquidate so I think at the same time this is what we're about to see there's gonna be less buyers coming into the market because they can't afford it interest rates higher mortgages higher and those who have already bought into the housing market won't be able to afford to make those payments so they're gonna increase the supply so demand decrease supply increase who's gonna fill the void Wall Street possibly fill in the void because they've been what is it 80% now of all the money 40 to 80% of all the cash that was created in the United States over the last hundred years we've created in the last two years so are all these funds sitting on major cash or do they have serious put position short positions for the market to collapse cash in on the put position short position by housing put in real estate there's so many factors in play right now right personally I can tell you this if interest rates are on the rise the way we think they are on the rise or could be on the rise 50 basis points every fed meeting for the next three four five meetings that's a lot right if interest rates are on the rise on that level you don't want to be in debt okay you don't want to be in equities you don't want to be in any risky assets to a certain degree that are based on growth