Canadian Households Need to Adjust to Higher Mortgage Rates - w/ Doug Porter - The Loonie Hour EP138 

The stock market is no different, to maintain profit, you need to have some in-depth knowledge on the market

True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.

in my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

my partner’s been considering going the same route, could you share more info please on the advisor that guides you.

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

🎯

No refinance better. Helicopter money and helicopter immigrants are inbound moon soon real estate.

You are a fool

Your choice of truck is not part of the CPI basket.

"mostly"

A top F250 is over $100000 not $200000

You have to consider the guys talking are insulated from these problems. Maybe they are trying to help , however they do see the world through a different lense.

What does having balls have to do with anything? What do you mean?

@@thanks4that261 we need a cleansing of all the cheap money mentality

If they had any balls they would be raising rates higher - not keeping them where they are. Inflation is waay too high. It’s no where near 2%. More like 20%

Because when you screw things then you have balls left to play and BOC doesn't have balls to play after bring country down.

I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.

Soon to be Edmonstan... You're getting Torontonized and you won't notice until it's too late.

FOMO Pumper show.

Responsible spending by governments would be a good start.

I agree and his logic didn't hold. Rate cuts aren't going to improve productivity or economic activity, but somehow, everyone with a mortgage will be okay with higher payments, without it affecting the broader economy? (even though economic growth has slowed with only ~50% of mortgages having renewed). Sounds like wishful thinking to me!

@@DrMarkyMark Rent inflation is decimating potential buyers and many homeowners are struggling with increasing ownership costs. We will see a pause in price growth for a few years until the economy gains back its strength, if not price declines. I don't think the entire country will crash, only speculative markets. But we won't see prices go to the moon like realtors promise.

Last time we had a situation like this was in the late 70s early 80s. Inflation soared, rates went up and property value went down somewhat and then stayed flat for over a decade. I bought my house in Abbotsford in 1996 for $128k, the fellow I bought it from bought it for $112k in 1981. That's less than 1% increase per year for 15 straight years. I can prove it on Zillow.

@@user-vi8ci2bi6b Yes I feel like a similar scenario is very possible in the near future. The bulk of value gains is passed. It's still worth to buy a house as a primary residence, but as an investment, it's awful.

Thanks, Auqua.

dis arsehole. c-11 this guy

Steve is so transparent, please cut rates so i can fill my pockets

They (and Jamie Diamond) absolutely NAILED IT!!!

I hope it doesn't happen, but a crisis event or economic slowdown/recession has the potential to create a lot of unpleasant experiences in private credit. Let's see how this story plays out over the rest of the year. Happy to chat directly if you'd like.

Bitcoin is as much a ponzi as anything.

Deflation wouldn’t be positive for Canadians.

​@@steveshideler1333Why not?

​@@Rawdiswardeflation is the most economically destructive situation to be in. If it was high deflation like the Great depression then that's actually even worse than hyperinflation. Mild deflation(1-3%) is worse than mild inflation(2-4%). Why? Because just as inflation acts to naturally keep the economy going and growing by spurring people to spend or invest productively, deflation does the opposite. If prices are going down it makes more sense to save and not spend now If it's going to be cheaper later. I mean in a deflation theoretically wages should fall but wages in nominal terms are very sticky so that doesn't really tend to happen You just get people laid off which again compounds into the lack of spending which continues the negative spiral and can shrink the economy quite a bit. Also consider what happens to debt: nominal debt doesn't go down as prices and therefore wages go down, So people find themselves in a trap where they would have a much harder time paying off their nominal debts. It's a really bad scenario and part of what led to the Great depression lasting a decade. The lessons learned from the '30s and the booms and busts of the mid to late 1800s taught us that lesson.

They didnt teach enough of a lesson as people dont save for rainy days they gourge on debt which is foolish

I think there will be great opportunities in real estate for those who are patient and have the capital.

How do you know? the video is only 5 minutes old

@@Picklemedia Same way I knew real estate was going to be a great investment, I based it on past experiences ;-p Seriously, this comment made only to support them for taking the time to put this show together bugs you enough to post a complaint? “Great Job!!! Thank You… :-)” - that bugs you?? Get some help, life is much too short to waist on such a petty thing…

@@handaferguson projection

Was over 20 in 1981

hahaha..

you're bald? cool.

@@roseoverdose6451 🤣No long hair. I carefully pull up and snip

@@ethimself5064 awesome! long hairs, no cares. 😆

@@roseoverdose6451 Yeppers

Dumb comment

As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant

She is Mrs Mary Gail Benner

The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of a professional

Isn't she the same Mrs Mary Gail Benner that my neighbors are talking about, she has to be a perfect expect for people to talk about her so well.

~Mrs Mary Gail was my hope during the bear summer "' last year. I did so many mistakes but also learnt so much from it , and of course from Mary Gail Benner. She is my number one when it comes to crypto and TA.

The odds are 81.3% right now for June right now….

​@@DavidYazdy-mz4qgBax prices show 46% probability. Where you getting your odds?

15th

First!

He does that at home as he surf's Indeed.

only douchbags flex about being able to use zoom imho.

You must want rate cuts-Doug Porter is full of shit as big time pain is coming

Thanks, I've been enjoying James' journey. Look forward to it every week.