You Americans are still in a way better position than us Canadians. Over here in gta our average house is $1.3M and average income in Ontario is $70k household. And banks wants to lend 5-6x the income. The shortfall in income is fixed by making fake income on paper fake two jobs are shown on paper to qualify. Banks n lenders know it but they look the other way. So 2008 is more likely to happen North not south this time
I appreciate the deep dive into the data these posts contain. Thanks Graham!
Love the analogies you used in the article! Do you think Gen Z are likely to face a similar situation?
Very nice article, being a new homeowner I really appreciate the comparisons of 2008 to present
Great newsletter. Thanks 👍😊
Thank you for all your effort to bring this information to us
Great write up Graham!!
You Americans are still in a way better position than us Canadians. Over here in gta our average house is $1.3M and average income in Ontario is $70k household. And banks wants to lend 5-6x the income. The shortfall in income is fixed by making fake income on paper fake two jobs are shown on paper to qualify. Banks n lenders know it but they look the other way. So 2008 is more likely to happen North not south this time
63% of Americans hoping for a housing market crash is a pretty wild stat
Another great newsletter!
Now stop Substacking and move your ass to grow a garden! It will pay off very very much next year!