A young couple in Toronto starts house-hunting with a $450,000 budget and ends up with a $700,000 home, after losing fifteen bidding wars. In Vancouver the average bungalow soars past $900,000. In Saskatoon, house values rock higher 56 per cent in one year.
At the same time, real estate values in the US plunge for the first time since the Great Depression. Millions of families are forced out of their homes. Canadians are told it can?t happen here, while first-time buyers outside Toronto sign up for monster houses with virtually no down payment and 40-year mortgages for 98 per cent of the cost.
When the average family can no longer afford the average home, how can so many people be deluded into believing a boom will last forever?when none has before? How could we have put so much money into something we might never be able to sell, except to a greater fool?
Truth is, homeowners and homebuyers have been seduced by a cabal made up of real estate marketers, builders, lenders and bankers, along with a pliant media, to buy, buy, buy. Canada has its own, hidden debt crisis just as dire as the subprime mortgage fiasco, and the same self-dealing industry tactics have led us to put more than 80 per cent of our net worth into a single asset, ignoring the obvious threats and repeating the disastrous mistakes of others.
Are we next? Yes.
"synopsis" may belong to another edition of this title.
"About this title" may belong to another edition of this title.
Shipping:
FREE
Within U.S.A.
Book Description Condition: Good. Former library book; may include library markings. Used book that is in clean, average condition without any missing pages. Seller Inventory # 9171909-6
Book Description paperback. Condition: Very Good. Connecting readers with great books since 1972! Used books may not include companion materials, and may have some shelf wear or limited writing. We ship orders daily and Customer Service is our top priority!. Seller Inventory # S_384413189
Book Description Hardcover. Condition: As New. No Jacket. Pages are clean and are not marred by notes or folds of any kind. ~ ThriftBooks: Read More, Spend Less 0.6. Seller Inventory # G1554701082I2N00
Book Description Hardcover. Condition: Good. No Jacket. Pages can have notes/highlighting. Spine may show signs of wear. ~ ThriftBooks: Read More, Spend Less 0.6. Seller Inventory # G1554701082I3N00
Book Description Paperback. Condition: Good. Seller Inventory # SONG1554701082
Book Description paperback. Condition: Very Good. Connecting readers with great books since 1972! Used books may not include companion materials, and may have some shelf wear or limited writing. We ship orders daily and Customer Service is our top priority!. Seller Inventory # S_347990489
Book Description Condition: Good. Buy with confidence! Book is in good condition with minor wear to the pages, binding, and minor marks within. Seller Inventory # bk1554701082xvz189zvxgdd
Book Description Condition: Fair. Buy with confidence! Book is in acceptable condition with wear to the pages, binding, and some marks within. Seller Inventory # bk1554701082xvz189zvxacp
Book Description Condition: Very Good. Book is in Used-VeryGood condition. Pages and cover are clean and intact. Used items may not include supplementary materials such as CDs or access codes. May show signs of minor shelf wear and contain very limited notes and highlighting. Seller Inventory # 1554701082-2-3
Book Description Condition: Fair. Acceptable/Fair condition. Book is worn, but the pages are complete, and the text is legible. Has wear to binding and pages, may be ex-library. Seller Inventory # 353-1554701082-acp