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Mortgage Broker News | 12 Jul 2016, 08:15 AM Agree 0
A leading broker economist is sounding the alarm about economic turmoil – at home and abroad
  • Ronnie Kartman | 17 Jul 2016, 02:24 PM Agree 0
    Two solutions that may be viable: 1-Force foreign investors to hold on to their purchases for a minimum amount of years, so that they can't just pull out with their quick profits. 2- Maybe force homeowners who purchase 2nd homes (for speculation, most likely) to also retain those 2nd properties for a minimum amount of years.

    We have lived through 1989-1992 (not experienced by or totally forgotten by the newer generation of mortgage and real estate professionals, which was preceded by the same type of mixed foreign and domestic speculation of home and condo purchases.

    When the average house goes up by $100k in one year, we'd all better batten down the hatches.
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