how to spot turning points in the housing market · average rent $2,400. tipping point #1 the...
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How to Spot Turning PointsIn the Housing Market
Spotting a housing bubble
Bubbles are situations in which just hearing stories of friends
and family benefitting from home prices going up, attracts more
people to buy through a combination of envy and
gambler’s excitement
Robert Shiller
"The thing I have noticed is when the anecdotes and the data
disagree, the anecdotes are usually right. There's something wrong with
the way you are measuring it"
Jeff Bezos, Amazon CEO
A Look Back at Toronto’s Real Estate Bubble
7%4%
2012 2015
Average Monthly Cashflow
($763)
Richmond Hill Investment Properties Q1 2017
Average Purchase Price
$1.4M
Average Rent
$2,400
Tipping Point #1
The Bubble
Tipping Point #2
The Bust
The GTA Market Today
The Next Turning Point
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