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Selling a home for 2x to 8x what you paid isn't being a financial genius and having invested right in your future.
It's taking the next in line's life productivity (earnings) and pocketing it today because you own a scarce essential ressource: property.
#cdnpoli #HousingCrisis
The Globe and Mail@globeandmail
"By handing owners lottery-like gains in equity, the housing market has validated the almost religious belief of Canadians that owning a house is the foundation of financial success. But it's also ripping the financial fabric of life," @rcarrick writes twitter.com/i/moments/1387…
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