"The shorter the episode, the smaller the misalignment". That doesn't align well for Toronto and Vancouver where housing prices have been out of line for at least 10 years.
😬😂 misalignments can be fixed all at once and recover in a short time, or slow and last a long time. The difference can be observed by comparing the 1980 and 1990 corrections.
Chen, also known as Hoy Pang Chan, owns the properties along with his parents, Xiong Guang Chen and Jue Ming Chen, who were also named in the forfeiture suit. The forfeiture suit alleges the properties were used to launder money. Chen and his parents have denied all the allegations in the civil forfeiture suit, including that the two homes and money are proceeds of crime. According to court documents, Chen was identified in 2015 by the RCMP in the E-Pirate investigation among a number of customers of the underground bank Silver International in Richmond that allegedly laundered as much as $220 million a year.
There is a new scheme by Investors in Canada called the easy small business loans. Mostly being offered by mortgage agents these funds are being used to prop up the housing market. I think it is called the Canada small business financing program.backed by the federal government. You can qualify for big loans against your home equity , then you get the loans , invest in real estate and are liable to return just 25 percent of the amount back to the government.
This channel has such great and high quality content, really hope you keep it coming
Brillant interview. Thanks.
"The shorter the episode, the smaller the misalignment". That doesn't align well for Toronto and Vancouver where housing prices have been out of line for at least 10 years.
😬😂 misalignments can be fixed all at once and recover in a short time, or slow and last a long time. The difference can be observed by comparing the 1980 and 1990 corrections.
That’s was a chilling line for sure
45:16 *gulp*
24 years to be more precise.
Housing is as essential as food for governments to take note of the massive inflation in RE prices. Speculative investors should know this.
Apologies if I sound out of it for the first half. My sound was echoing back to me 😅
Lol "investor" walk in a house fart, paint the walls beige, put in grey flooring and charge 250k$ more. What a grift
@@donm2067 very clever Don
@@daniel_foch well if there's any work to do, I am sure it was done by the cheapest most unqualified individual in 75% of fix and flip situations.
@@donm2067 certainly Don
Chen, also known as Hoy Pang Chan, owns the properties along with his parents, Xiong Guang Chen and Jue Ming Chen, who were also named in the forfeiture suit.
The forfeiture suit alleges the properties were used to launder money.
Chen and his parents have denied all the allegations in the civil forfeiture suit, including that the two homes and money are proceeds of crime.
According to court documents, Chen was identified in 2015 by the RCMP in the E-Pirate investigation among a number of customers of the underground bank Silver International in Richmond that allegedly laundered as much as $220 million a year.
There is a new scheme by Investors in Canada called the easy small business loans.
Mostly being offered by mortgage agents these funds are being used to prop up the housing market.
I think it is called the Canada small business financing program.backed by the federal government.
You can qualify for big loans against your home equity , then you get the loans , invest in real estate and are liable to return just 25 percent of the amount back to the government.