Canada Housing Bubble Pops and Looks Similar to US Housing Bubble: Canada’s Largest Alternative Mortgage Lender Crashes in Dramatic Fashion.
The Canadian housing market is now facing a crisis like moment as the United States did in 2007. While the U.S. housing market did undergo a correction, the Canadian housing market just kept moving up. Canada has one of the largest housing bubbles ever witnessed in North America. People may recall that in the U.S. […]
The epic retirement crisis for older Americans: The median family of retirement age has $12,000 in savings.
Given the discussion of 401ks and IRAs you would think that most Americans have a nice nest egg ready to support them into their margarita drinking days on the beach. Yet like most dreams, the reality is very different. Most Americans are broke. The Economist put out some data highlighting that the median family of […]
The Great Retail Apocalypse: Americans spend more at bars and restaurants than at grocery stores.
The list of retail bankruptcies continues to grow in 2017. The list includes J.C. Penney, Sears, RadioShack, and just recently Payless. Of course there is massive growth in dollar stores as Americans are pinched for cash. There has been a retail apocalypse and part of this has to do with the ridiculous amount of mall […]
Miami condo market acting as if it is 2007: Condo market in Miami is saturated with units and inventory is growing.
There is a major leading indicator in the housing market and that involves inventory and sales. These two economic points can signal trouble ahead. And we saw this trend unfold in the last housing crisis when over euphoric builders chased bubbles across the country. The sad part is that most Americans are too broke to […]