Feds Prop Up Housing Bubble with Jumbo Mortgages w/Guest Ron Butler - The Loonie Hour Episode 154

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The federal government shocks the market by pushing CMHC insured mortgages up to $1.5M. The Bank of Canada finally gets inflation back down to 2%. The Federal Reserve surprises markets, cuts rates by 50bps.
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19 сен 2024

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Комментарии : 77

@martinz6445 3 часа назад

Ron talking in his own podcast while swearing, it’s the best Canadian housing podcast

@johnnyboyvan 3 часа назад

Ron is like the best. I love how he tells the actual truth. Elections equal rate cuts ✂️ as usual. 🙄

@ilikeshroomgals 2 часа назад

Good to see Ron on the show. Very inciteful.

@GS0021 2 часа назад

Ron the great! You guys are upping the game with your guests! 💪

@andrewmason2722 2 часа назад

Get your lemon loaves ready, boys

@Rawdiswar 43 минуты назад

😂😂😂

@michael2275 3 часа назад

Time to leave Canada. Trudeau ruined it.

@MarijaMidgley Час назад

This current situation in Canada reminds me of the short story The Masque of the Red Death by Edgar Alan Poe. The Masquerade, The feast and excess, the Prince Prospero and his circle of sycophants hiding in the high castle feeling safe and untouchable indifferent and oblivious to the sufferings of citizens outside the walls and yet the gruesome carnage eventually ends it all.

@yellowstoic7678 3 часа назад

With all these people investing in homes, who are these people going to be working to pay their mortgage if no one is investing in businesses 🧐We need non recourse loans to bring real lending standards back. I think people would be more conservative with who they lend to when there's no one to bail them out 🤗

@tomaga5856 3 часа назад

I don't know about the most interesting in 15 years but definitely significant

@AquaVivaFit 42 минуты назад

Good update on this! Amazing what is happening in Canada

@richardrichard9785 Час назад

It's a purely political move. It stimulates demand. It hurts affordability.

@mr.d4295 2 минуты назад

Honestly the best possible thing that could happen would be to completely abolish CMHC and all mortgage insurance companies, and max 25 year amortization.. This new change will only allow people to WAAAAY over leverage.. The solution to lack of sales isn't to let people borrow more money, the solution is to reduce speculation and drastically reduce the price of existing homes. ..

@bat2275 2 часа назад

real estate never goes down for long ... because government will not allow it

@tomaga5856 3 часа назад

1.5m cmhc limit 🧨

@Casey-qm1nd 53 минуты назад

Ron has been on the show a few times already. Next time can you bring on Mark Mitchell? The guy is a proactive thinker and has great critical thinking skills and insights.

@fillmorehillmore8239 2 часа назад

There has been poor guidance on virtually everything finance over the last 4 years. Gov't changing demand through policy within a week, BOC NOT keeping rates lower, ect. There is no way I would invest (in RE) within this YOYO economy.

@Stormshfter Час назад

At the end of the day, it does not matter what the govt does to make accessing credit easier. Unless they create enough jobs to stop the unemployment from increasing we will continue to fall deeper into recession and real estate will continue on the same path just with more victims. This is really just about holding it together a little longer to get re-elected.

@jonathanfillion7890 16 минут назад

They are not increasing mortgage length to make it more affordable, it's to keep the value high.

@quixomega 2 часа назад

I think it would have helped a lot more if they had limited co-signers to spouses only (married or common-law). The Liberals have done nothing to make this better and constantly make it worse.

@dutchgirl7603 2 часа назад

Increasing the CMHC limit provides the banks with more liquidity ... think about that for a minute.

@Whiskeytango2178 Час назад

When I heard this was coming down the pipe I was floored. This is plainly irresponsible. But what else can be expected from this financially illiterate sitting government.

@Matt.k864 Час назад

Anyone else can’t afford a $1.5 million dollar Canadian starter home

@the_ikiru Час назад

There are more than 500 stocks in the S&P 500.

@joethompson5557 2 часа назад

Looking up Core inflation on the Trading Economics site shows inflation down at 1.5%. That strips out volatile items like energy and food so I don't see the strong increase in core CPI. What am I missing here? Rich had indicated that taking out energy prices, inflation is ripping higher and it doesn't seem like it based on the numbers I'm seeing.

@jasonanderson2882 2 часа назад

Is there a way you can pin the time when the actual content/subject matter starts? :)

@Memento-_-Mori-_-982 2 часа назад

When is the live event coming to Montréal?

@robertpenkulis6364 Час назад

You should kick the boomer out of the show. He's breaking the rules all the time! Just getting himself a treat. It all doesn't count. I think he should eat the whole package of Twinkies for all the times when he cheated

@dirtlump 36 минут назад

We are going to have a Debt based Banking/Financial system crisis.... very simply because of a 'gdi' (gross domestic income) deficit as derivable from collapsing Canadian consumer spending reliant gdp..... the current now $3+ Trillion combined Mortgage/Consumer DEBT explosion(still expanding) attempting servicing by a Debt expansion based Consumer spending reliant barely $2 Trillion gdp SAYS SO ! Unless some nimrod has a way to miraculously create 'future' gdp capacity.... current parameters are insolvent under actuarial analysis... Full Stop !

@ElectronicWasteland-p2x Час назад

It's likely the state of the Chinese economy that caused the aggressive rate cut. China is trending into a worse economic collapse than Japan had in the 1990s.

@Casey-qm1nd 2 часа назад

The US housing market and consumers are much less leveraged than here in Canada. We need to talk about this. So I expect the US housing market to get frothy before the Canadian real estate market shows a sign of life, this is because there is a lot more wiggle room for prices to move up in the US. The US will be a lead indicator. This frothiness will heavily feed into US shelter inflation, then factor in the government debts rolling over to much higher rates, and is the government going to slow down spending? They are going to be stuck in a debt spiral. I expect the divergence between US house prices and Canadian house prices to get smaller in margin. The US cuts are an admission that the fed is not interested in fighting inflation. I think they are trying to protect the strength of the USD by not allowing the economy to go into a recession. So the fed wants inflation to stay in a 2-4% range, but good luck with that. Once the inflation genie is out of the bottle, good luck stuffing him back in. The US can expect much higher taxes going forward. It is relative strength of the US consumers that will keep on crushing Canadians for the foreseeable future. Politicians will continue to say the economy is strong blah blah blah.

@HybridHunterBC Час назад

The feds 50 bip cut isn't complicated, the wanted to cut 25 in July, couldn't because of the election, so they did 50 in sep to retro the 25 the wanted I'm July, story over, it's not a panic cut

@HybridHunterBC Час назад

It was a political cut

@Merakiii1123 2 часа назад

Kieth is too old for a Twinkie, do you want the guy to have a heart attack?

@danielg1291 Час назад

Train has left the station. Run and catch or take the next one.

@MusicMenacer Час назад

How is carbon tax carney cashing in on this?

@ToBTCoT Час назад

I think they need to make bitcoin co-legal tender, allow people to save without any tax implications in a currency/money that will reprice housing. Young people need to be able to earn and save in bitcoin without any tax issues for the long-term so that they can afford a house one day.

@joethompson5557 3 часа назад

Someone needs to explain how a bet works to the boomer. :)

@KeithDickerIceCapAssetManageme 2 часа назад

hahaha...

@fretstain 2 часа назад

someone tell Ron his audio sounds like s***

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First

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