Greater Fool – Authored by Garth Turner – The Troubled Future of Real Estate

He has a small construction company in BC. The kind of business that floats along like a cork on the economic sea. When the waves crest, life’s sweet. When they crash, it’s all lost.

Lately, Rick says, everything is under water.

“Compared to 2024, we’re doing about 50% of revenue,” he tells me. “We went from a staff of six down to one. We’ve since added ...

  By Guest Blogger Doug Rowat .

While the stock market’s largely shrugging off the Iran war, the bond market’s getting hit square in the eyes.

And inflation’s at the root of it.

US gasoline pric...

What’s the best possible way of screwing up your finances?

Divorce, of course.

Just as couples are vastly stronger when two people come together to form an economic unit, so are they individually impoverished (mostly the guys, they believe) when that union breaks. Liquid assets are split, real estate refinanced or sold, alimony and support payments creat...

So, how much money do you have? No, better question… what’s your net worth?

The feds tell us the median household NW for middle-aged Millennials (35) who own a house is $457,000. The just-about-to-retire-at-65 crowd have a median net worth of $914,000.

That may sound like a decent wad to finance the years after your stop being employed, but… it’s not. Ov...

Here’s another reason to be glad you’re not, you know, a Yank.

American mortgage rates surged to 6.75% yesterday – the highest in almost a year – as yields on bonds took off like an Elon rocket.

“Bonds are telling politicians to get serious about ending the war or face increasingly dire consequences,” said an industry spokesguy.

In Canada, mortgag...