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    <title>Pinboard (rtlechow)</title>
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    <description>recent bookmarks from rtlechow</description>
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	<rdf:li rdf:resource="http://www.greaterfool.ca/2015/02/16/the-dilemma-2/"/>
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    <title>Book and Weblog – Authored by Garth Turner — Greater Fool – Authored by Garth Turner – The Troubled Future of Real Estate</title>
    <dc:date>2017-10-12T01:47:13+00:00</dc:date>
    <link>http://www.greaterfool.ca/</link>
    <dc:creator>rtlechow</dc:creator><description><![CDATA[It’s an extreme (but true) example of a common theme. Most people mistakenly believe they know about real estate. They exaggerate gains and minimize loss. They ignore the massive costs involved in buying and selling while discounting the burden of ownership – financing, insurance, repairs, utilities, property tax, strata/condo fees. Mostly they waive away risk, concocting elaborate and silly reasons why this asset class will do what none in history ever has, and never decline. “The government won’t let real estate go down.” Or, “But everybody wants to move here.”

The flip side is a wholly unrealistic view of the risk inherent in investing in other stuff. The Fruit People had an interesting little survey they were selling to the media yesterday. “Which do you find scarier: going into a haunted house or making your first investment?” asked Tangerine Investments.

The result: 63% say they fear opening an investment account. Only 38% were wary of having their neck pierced and their blood suckled by a hairy, caped man who blogs daily. The FP also discovered almost 40% of Canadians have zero investment accounts (not even a piddly TFSA) and of those, 96% had never thought about it.

So, time more people understood the nature of risk, and how to mitigate it. This is at the core of what investment guys do – spend all day (if they’re good at it) tamping volatility, fluctuations and uncertainty, ensuring money works and capital is preserved. Logic dictates that a portfolio which contains a variety of assets (various bonds, trusts, preferreds, global equity holdings) will have far less risk than a single building on one street in one city. The financial securities are always, unlike Jenn’s house, liquid. They can be sold with the click of a mouse, without paying some guy in an Audi 5% plus HST. They don’t attract property tax, don’t need to be insured, never require repair or need to be mowed or shoveled. Mostly, unlike houses, they pay you to own them – a monthly cheque, if you want, or a growing nest egg.

]]></description>
<dc:subject>canada realestate housing finance</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:rtlechow/b:9e6378fbe842/</dc:identifier>
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<item rdf:about="http://www.greaterfool.ca/2015/02/16/the-dilemma-2/">
    <title>Trapped — Greater Fool – Authored by Garth Turner – The Troubled Future of Real Estate</title>
    <dc:date>2015-02-17T21:14:59+00:00</dc:date>
    <link>http://www.greaterfool.ca/2015/02/16/the-dilemma-2/</link>
    <dc:creator>rtlechow</dc:creator><description><![CDATA[The next argument is also classic: you’ll live in this house forever, so it matters not if you pay too much, if the market tumbles or the economy craters. Bunk. In fact, Canadians move on average every six years. People own five houses during their lifetime (another average), and almost a third of us (28%) change houses every five years. Staying in one house in one city seriously limits your mobility and employment prospects in an economy which is rapidly changing and demands more flexibility. Besides, an asshole may move in next door.]]></description>
<dc:subject>realestate finance housing</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:rtlechow/b:f46431fec23a/</dc:identifier>
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<item rdf:about="http://www.greaterfool.ca/2015/02/10/choke-it-or-chuck-it/">
    <title>Choke it or Chuck it — Greater Fool – Authored by Garth Turner – The Troubled Future of Real Estate</title>
    <dc:date>2015-02-12T18:57:03+00:00</dc:date>
    <link>http://www.greaterfool.ca/2015/02/10/choke-it-or-chuck-it/</link>
    <dc:creator>rtlechow</dc:creator><description><![CDATA[Now, this is big business in our house-horny society where people know all about fake TV realtors and yet can’t name the finance minister. In fact, HGTV has clocked in as the #1 cable channel for US women aged 25 to 54 in the US, with an average of 14 million house-lusty females devouring such gems as ‘Flip or Flop’, ‘Fixer Upper’, ‘Property Brothers’ and, of course, ‘Love it or List It.’]]></description>
<dc:subject>realestate housing media economics</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:rtlechow/b:b02a47f37d90/</dc:identifier>
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<item rdf:about="http://www.reddit.com/r/personalfinance/comments/2rd4x1/khan_academy_has_posted_an_introduction_to/cney6un">
    <title>BigBroComputerGuy comments on Khan academy has posted an &quot;Introduction to Mortgage Loans&quot; for those who may not know much about mortgages.</title>
    <dc:date>2015-01-05T21:03:22+00:00</dc:date>
    <link>http://www.reddit.com/r/personalfinance/comments/2rd4x1/khan_academy_has_posted_an_introduction_to/cney6un</link>
    <dc:creator>rtlechow</dc:creator><description><![CDATA["You either rent the house or you buy it and rent the money you used..."]]></description>
<dc:subject>realestate mortgage finance personalfinance</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:rtlechow/b:3c37e6657ddd/</dc:identifier>
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<item rdf:about="http://www.slate.com/blogs/moneybox/2013/07/29/political_economy_of_homeownership_a_disaster_area.html">
    <title>Political economy of homeownership: A disaster area.</title>
    <dc:date>2013-07-29T16:57:17+00:00</dc:date>
    <link>http://www.slate.com/blogs/moneybox/2013/07/29/political_economy_of_homeownership_a_disaster_area.html</link>
    <dc:creator>rtlechow</dc:creator><description><![CDATA["But promoting widespread ownership of urban and suburban real estate as the primary investment vehicle for middle class families turns the whole thing on its head. A house is two things, a parcel of land and a kind of complicated manufactured good that sits atop it. In other words, it's a commodity and a consumer durable good—similar to a car (consumer durable) that needs gasoline (commodity) to run. But even though both automobiles and tanks full of gasoline are widely owned in the United States, politicians don't run around trying to promote expensive cars and gasoline because we rightly recognize that this would reduce living standards not raise them. But by encouraging mainstream middle class families to make large leveraged investments in houses, you create a politics around promoting housing scarcity. The problem here is that while any given person can certainly profit from the house he or she owns (or, more plausibly, the land it sits on) appreciating in value more rapidly than average, it's extremely difficult to see how a nation as a whole is going to become more prosperous by houses becoming more expensive. If we banned the construction of new cars and trucks, then America's existing stock of cars and trucks would become more valuable but this would be a way of impoverishing the country not enriching it."]]></description>
<dc:subject>housing houses realestate political economy politics</dc:subject>
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<item rdf:about="http://recharts.blogspot.ca/2013/03/toronto-bidding-wars-map.html">
    <title>Real Estate Charts: Toronto Bidding Wars Map -Houses only</title>
    <dc:date>2013-03-29T17:07:07+00:00</dc:date>
    <link>http://recharts.blogspot.ca/2013/03/toronto-bidding-wars-map.html</link>
    <dc:creator>rtlechow</dc:creator><dc:subject>toronto house prices realestate</dc:subject>
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<item rdf:about="http://tinyhouselistings.com/">
    <title>Tiny House Listings - Buy, sell and rent tiny homes.</title>
    <dc:date>2012-02-04T23:31:44+00:00</dc:date>
    <link>http://tinyhouselistings.com/</link>
    <dc:creator>rtlechow</dc:creator><dc:subject>tinyhouse house realestate</dc:subject>
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