Ellen's Got Real Estate Tips
More Humour From British Columbia
B.C. takes ‘hard look’ at non-resident real estate tax. Premier says idea is fraught with challenges, but a ‘really good idea’ Vancouver Sun January 18, 2016
"The private sector does not operate on a charity basis". OH YES IT DOES. The Government via CMHC underwrites the loans with little regard to risk while the Bank of Canada controls interest rates and mitigates banking system risk. The housing bubble in Canada (and globally) has been encouraged and promoted by the "charity" bestowed by government onto the private sector in the biggest credit creation in history.
The value of credit today is make-believe and not a result of a free market.
ITEM: Canadian banks earn $96 million a day in 2015, TheStar.com December 3, 2015.
I would say that's a happy charity.
History, Charts & Curated Readings
"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement; and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." George Santayana Vol. I, Reason in Common Sense
"History, real solemn history, I cannot be interested in.... I read it a little as a duty; but it tells me nothing that does not either vex or weary me. The quarrels of popes and kings, with wars and pestilences in every page; the men all so good for nothing, and hardly any women at all - it is very tiresome." Jane Austen spoken by Catherine Morland in 'Northanger Abbey'