It should come as no surprise that I've come to the conclusion that the best thing for our economy and real estate transactions would be if all news stations went silent for a month or so! Good grief, its a wonder people get out of bed in the morning with all the fear mongering that goes on. And, what of proportion? If one real estate transaction goes awry it will make the local and national news -- with no mention of the 75,000 that went swimmingly!
Last night Global's lead story was of the impending bubble burst in real estate due to the extreme sellers market in Canada! Only once they weighed into their "slow news night" broadcast did they say Toronto is in a sellers market. Apparently Toronto is now all of Canada and we're about to have a burst bubble. Ridiculous and stupid reporting.
If there is any good news to report it is then blanketed with caution, fear and doomsayers forecasting darker times ahead. "Employment rates are up! BUT for how long?" After all there was a trend reversal back in 1948!
Interest rates are low...BUT remember in the 80's when they topped 20%!? Really? That's where you want to take it?
Who doesn't remember the news shadowing and foretelling of frightening days to come? Its really gotten quite disgusting and will continue along the lines its going until we all tune out.
Real Estate has always proven to be a wonderful way to build wealth. Oh, I know what you're thinking...."what about the travesty in the U.S.!?" Right? I know, you watch the U.S. news too because Canadian news isn't depressing enough! We are not in the U.S.! Canadian banks were noted to be number 1 in the world for lending practices on mortgages. Shout that out!
Lets step out of "this tangle of fear thinking" as Rumi would say.
Do you want to sell your home? Do you need a new home? Guess what? Its a great time to do that! Simple, right?
Last night Global's lead story was of the impending bubble burst in real estate due to the extreme sellers market in Canada! Only once they weighed into their "slow news night" broadcast did they say Toronto is in a sellers market. Apparently Toronto is now all of Canada and we're about to have a burst bubble. Ridiculous and stupid reporting.
If there is any good news to report it is then blanketed with caution, fear and doomsayers forecasting darker times ahead. "Employment rates are up! BUT for how long?" After all there was a trend reversal back in 1948!
Interest rates are low...BUT remember in the 80's when they topped 20%!? Really? That's where you want to take it?
Who doesn't remember the news shadowing and foretelling of frightening days to come? Its really gotten quite disgusting and will continue along the lines its going until we all tune out.
Real Estate has always proven to be a wonderful way to build wealth. Oh, I know what you're thinking...."what about the travesty in the U.S.!?" Right? I know, you watch the U.S. news too because Canadian news isn't depressing enough! We are not in the U.S.! Canadian banks were noted to be number 1 in the world for lending practices on mortgages. Shout that out!
Lets step out of "this tangle of fear thinking" as Rumi would say.
Do you want to sell your home? Do you need a new home? Guess what? Its a great time to do that! Simple, right?
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