When the Bubble Bursts
Surviving the Canadian Real Estate Crash
by Hilliard MacBeth
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Pub Date Jul 17 2018 | Archive Date Apr 30 2018
Dundurn | Dundurn Press
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Description
Over the last two decades Canadians have become convinced that real estate is the “safe haven” investment. This widely held belief and obsession with real estate led millions of Canadians to take on massive amounts of debt — tripling their collective financial burden — ensuring that Canada is one of the most indebted nations on the planet.
Drawing on dozens of interviews and even more conversations with individual Canadians and couples, this second edition also tackles the economic conditions and regulatory rules that allowed such a dangerous situation to develop in Canada, formerly a nation of conservative and prudent citizens.
Hilliard MacBeth argues that Canada is in the midst of an unprecedented real estate bubble and that there will soon be a crash in house prices, triggering a financial crisis. Individual Canadians and families can still take action to protect themselves from the fallout of the bubble bursting — if they act quickly.
Advance Praise
"Now that Canada’s housing bubble is bursting, Hilliard MacBeth will be recognized for having called it beforehand. He blends the practical knowledge of a financial advisor who successfully survived numerous booms and busts with an intellectual's knowledge of the fallacies that bedevil conventional economics."
-Professor Steve Keen, author of Debunking Economics and Can We Avoid Another Financial Crisis?
'A great read and packed with useful insights and information, this is one Canadian housing-related asset that should hold its value remarkably well over the foreseeable future."
-David Orrell, author of Quantum Economics: The New Science of Money and Economyths
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Available Editions
| EDITION | Other Format |
| ISBN | 9781459742031 |
| PRICE | $24.99 (USD) |
| PAGES | 248 |
