The CMHC, the Canadian Housing Bubble & our "Good Banks" myth Video
UPDATE: See FP article (http://business.financialpost.com/2012/01/30/cmhc-backing-fewer-loans/) Apparently, the banks are approaching the CMHC and paying the insurance cost themselves for loans with MORE than 20% down payment! Show's that they think the CMHC does not charge enough.... smart on banks but as a taxpayer makes me furious.
About the CMHC: It's really just common sense...take away risk and of course banks will make more loans, pushing up housing prices higher than they otherwise would be. And when the bubble bursts, it'll be bursting from higher levels. Let's hope the CMHC knows what it's doing, having guaranteed some $500bn of Canada's riskiest mortgages ? roughly equal to Canada's entire national debt. And the minister responsible for the CMHC? Diane Finley, Minister of Human Resources and Skills Development. But don't worry ? she has an MBA!
Comments on "The CMHC, the Canadian Housing Bubble & our "Good Banks" myth"
great vid and very ... great vid and very acurate....and at this point in time the cmhc is getting very close to its 600 billion dollar cap.... hopefully Mr.Flaherty and prime minister Harper will do the right thing for canadians and remove the? risk from the tax payer to the banks.........yeah right as if....
Yea, then like in ... Yea, then like in California they will bulldoze the empty homes by the? thousands. I watched it happen. As the homeless watch.
Is this supposed to ... Is this supposed to be an Anonymous style message?
Buyers are losers?
The buyers are taxpayers, the sellers are taxpayers, prices have gone down... this video? is terrible.
Search for and read ... Search for and read this article:
"housing the? most manipulated market in the world newworldparty"
short? their ... short? their banking stocks?
crash n? burn crash n? burn
how can we short/ ... how can we short/ultra short? the canadian housing
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