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Send us a Text Message.In this episode, David tackles a fascinating and often perplexing question: Why do people love being bearish on Toronto real estate? Through anecdotes, historical context, and a deep dive into market psychology, David explores the reasons behind the perennial pessimism some people hold about Toronto's real estate market.David begins by recounting his early experiences with bearish predictions in the real estate market and highlights how terms like "crash" and "bubble" have been thrown around since he started in the industry in 2004. He discusses notable figures like Garth Turner and Hilliard MacBeth, whose bearish predictions have influenced public perception for years, despite being proven wrong by the market's continued growth.Drawing on specific examples and historical data, David examines why certain individuals and media outlets persist in their negative outlook. He also addresses the psychological and emotional factors that drive this bearish sentiment, suggesting that envy, wishful thinking, and a lack of understanding about market dynamics might play significant roles.This episode is essential listening for real estate professionals, investors, and anyone curious about the underpinnings of market sentiment. Join David as he dissects the bearish mindset and offers insights into why some people seem to relish predicting doom and gloom for Toronto's thriving real estate market.In This Episode:Early experiences with bearish predictions in real estateInfluence of figures like Garth Turner and Hilliard MacBethAnalysis of media coverage on Toronto real estatePsychological and emotional factors behind bearish sentimentThe ongoing debate between real estate optimists and pessimistsTimestamps:00:01 - Introduction02:00 - Early Experiences with Bearish Predictions07:00 - Notable Figures and Their Influence15:00 - Media Coverage and Its Impact20:00 - Psychological and Emotional Factors35:00 - The Real Estate Optimist vs. Pessimist DebateDon't Miss:David's humorous anecdotes about early bearish predictionsDetailed analysis of media headlines and public commentsInsights into the psychology of market sentimentDavid's theories on why bearishness persists despite market growthSubscribe to The Last Honest Realtor on YouTube or your preferred podcast platform. Be sure to like, comment, and share your thoughts on this episode!Support the Show.Subscribe and Follow:Toronto Realty Group WebsiteToronto Realty Group YouTubeToronto Realty Blog InstagramToronto Realty Blog TwitterToronto Realty Blog Facebook
There's a lot happening with China right now. First, they are extending their social and commercial controls, which is adding uncertainty to foreign investors looking to get involved with Chinese firms. Maybe the Communist Party likes it that way. There's also the risk that a more cocooned China could play a stronger military role in the Asia Pacific region. Then there's the ever-expanding debt – private and government. Hilliard MacBeth, a Debunking Economics listener asks whether private sector debt, in particular, will create a problem. To hear the full version subscribe by picking a plan in the right column of the Debunking Economics website (not the mobile app). Or become a supporter at https://www.patreon.com/ProfSteveKeen
Not only did the house sell, but it sold for half a million over the asking price. Welcome to Toronto real estate in 2021. Home prices spiking by 30% in a year.Many words are used to describe this period of time. Our guest uses one word "Unsustainable." Hilliard MacBeth is the author of the book about bubbles bursting in real estate.In this episode of Sold in the 6ix we look further into the high prices and try to figure out if and when the bubble will burst.Guest: Hilliard MacBeth, @hmacbehttps://inthe6ixrealestate.com/ Reach Des at des@desmondbrown.ca
Welcome to the season 7 premiere of Debt Free in 30. It's only September but it's been an eventful year already, eh? Insolvency filings were high at the start of 2020 but fell to record lows by the month of May. Unemployment is high, but so is the savings rate. How is that possible? Today we discuss these stats, and look ahead to the Fall. Collection agencies are starting to make more calls, so will insolvencies go back up? The federal government has also announced that the CERB will soon end and transition to EI. Will this be enough for individuals still out of work? That and more on the first show of Season 7; enjoy! Relevant Links: Ontario Bankruptcy and Consumer Proposal Statistics: https://www.hoyes.com/press/consumer-insolvency-statistics/ Coping with Consumer Debt as the Economy Reopens: https://www.hoyes.com/blog/coping-with-consumer-debt-as-the-economy-reopens/ Canadian Bankers Association - Facts on Bank Measures in Response to COVID-19: https://cba.ca/fast-facts-on-bank-measures-in-response-to-the-covid-19-pandemic Retail Trade, June 2020, Statistics Canada: https://www150.statcan.gc.ca/n1/daily-quotidien/200821/dq200821a-eng.htm Savings, Debt & Modern Monetary Theory with Hilliard MacBeth: https://www.youtube.com/watch?v=Wx_7T6YWT8w Debt Free in 30 Full Podcast Archives: https://www.hoyes.com/debt-free-30-podcast/
A lot has changed as a result of COVID-19. There are obvious reasons for pessimism, but there are a lot of reasons to be optimistic. For example, more people have made meaningful changes to their financial habits. Canadians are saving more and some are even able to pay off more of their debt. Many of us have also used the time to learn a new skill. With every major life transition comes positive and negative change and we are forced to adjust to a new reality. On today's podcast, Doug and Ted share social and economics reasons for why we should be optimistic about the future and explain how we can use this new reality to our advantage. Lots of great thought-provoking commentary on this episode, so tune in! Related Links: Dealing with the Consequences of Loan Deferrals: https://www.hoyes.com/blog/dealing-with-the-consequences-of-loan-deferrals-when-the-deferral-period-ends/ Savings, Debt & Modern Monetary Theory with Hilliard MacBeth: https://www.youtube.com/watch?v=Wx_7T6YWT8w Episode 290, our first COVID-19 show https://youtu.be/lWmZDLaJ63o Canadian unemployment rate https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410028703 Canadians applying for CERB https://www.canada.ca/en/services/benefits/ei/claims-report.html
We have record unemployment and millions of Canadians are relying on CERB payments to make ends meet, and yet our savings rate is increasing. How is that possible? On today's podcast, our guest is author and financial analyst, Hilliard MacBeth, who provides insight on how the savings rate is calculated, and whether increased savings mean Canadians are curbing their appetite for debt. We also discuss what to expect with the real estate market and deflation, and we talk about Modern Monetary Theory and whether we should really worry about national deficits. There's lots to learn from this episode, so tune in! Related Links: How Banks and Faulty Economics Contribute to the Consumer Debt Binge: https://www.youtube.com/watch?v=0d7CLXsk7N0 Hilliard MacBeth's book, When The Bubble Bursts: https://amzn.to/2YMigRT Hilliard's Client Notes - The Return of the Saver: https://web.richardsongmp.com/MacBeth.MacLeod/blog/1724032-The-return-of-the-saver Hilliard MacBeth on Twitter: https://twitter.com/hmacbe Statistics Canada Savings Rate: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610011201 Stephanie Kelton's book, The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy: https://amzn.to/2UX6BOY CERB Claims Report: https://www.canada.ca/en/services/benefits/ei/claims-report.html
Yesterday we talked about the new BC Assessment figures, with property values dropping in almost all cases. Today we talk with Hilliard MacBeth for further analysis. Guest: Hilliard MacBeth, Author: When the bubble bursts, and financial advisor
My guest today is Hilliard Macbeth, an investment portfolio manager and author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash. When Mr. Macbeth first appeared on this podcast just over 3 years ago we discussed his prediction that the real estate bubble would burst. My first question to him today: did it? Was your prediction wrong? We also discuss how money is actually created (it’s not how you think) and how banks and faulty economic thinking have contributed to our massive levels of debt. He’s got advice if you are thinking of buying a home, so this is a “must listen” episode.
Talking real estate isn't a first for the Debt Free in 30 podcast. We've had many experts like Hilliard Macbeth, Ben Rabidoux, and Alex Avery provide their insight on whether renting is better than buying and vice versa. But we've never had the most obvious guest to talk real estate: an actual realtor. On today's show, we're chatting with Scott Ingram. Scott's not just a realtor, though. He's also a Chartered Professional Accountant. But what really sets him apart is that he likes to empower his buyers by educating them. On today’s show Scott Ingram tells us how many realtors there are in Toronto (it’s a huge number), and he tells us what real estate statistics we should watch, and which ones we should ignore.
On today's show, I review 10 personal finance books that would make great gifts and/or would be a great start to your own personal finance library. All 10 books are listed below, with the time stamp from the podcast, if you wish to jump ahead and listen to my comments on a particular book: General Money Management The Wealthy Barber Returns by David Chilton (2:35) Wealthing Like Rabbits by Robert Brown (3:20) 397 Ways to Save Money by Kerry K. Taylor (9:40) Stop Over-Thinking Your Money by Preet Banerjee (11:06) Debt-Free Forever by Gail Vaz-Oxlade (11:54) Protecting Your Money – A Guide to Identity Theft and Fraud by Kelley Keehn (14:24) Real Estate When the Bubble Bursts by Hilliard Macbeth (19:32) Burn Your Mortgage by Sean Cooper (23:26) Retirement Victory Lap Retirement by Jonathan Chevreau and Mike Drak (27:19) Thinking Thinking, Fast and Slow by Daniel Kahneman (28:48) Of course, I am also quite proud of my own book, Straight Talk on Your Money, which I discuss briefly at the end of the show.The first five books on the list are great for all age groups. Books #6 and #9 are particularly good for either seniors or adult children of seniors, and book #10 is great for anyone who wants to take a "deep dive" into how our brains work. I hope you enjoy the list!
Carmel Kilkenny speaks with Hilliard MacBeth, author of 'When the Bubble Bursts' about the state of the Canadian economy.
This is our final "best of" show of the summer, and it's a doozy: my interview with Hilliard Macbeth (you can find the original show notes on our is the Canadian real estate bubble about to burst page) is the most downloaded show of 2016. Why is a show on debt and real estate our most downloaded show? I think it's because there are two opposite opinions: one group believes that real estate is the greatest investment ever, and another group believes it is over-valued. Obviously Mr. Macbeth is of the view that it's over-valued, and the bubble will eventually burst.
Given today’s real estate market, it’s not surprising that the most popular podcast episodes of this year featured Hilliard MacBeth discussing his book, When The Bubble Bursts, Surviving the Canadian Real Estate Crash, and Ben Rabidoux sharing his thoughts on the Canadian real estate market. Clearly, listeners want to know if they should rent or if they should buy? While I am not a real estate expert, I want to help those who are trying to decide by comparing the different possible outcomes of renting vs buying. From our own Joe Debtor study, we know that home owners in high ratio mortgages are at an increased risk of becoming insolvent. The average insolvent home owner had a mortgage ratio of 90% and owed over $68,000 in unsecured debt. Why? Because most people focus on the mortgage payments and forget to pay attention to all the other costs associated with owning a home.
Hilliard MacBeth, a financial portfolio manager, and author of 'When the Bubble Bursts' is cautioning Canadians about buying into the high real estate markets in the Toronto and Vancouver regions.