Real Estate Articles
For those wondering whether house prices are about to crash, here’s a good article by Garth Turner describing the recent scene at a sales centre for a new subdivision outside of Toronto – and how the fear factor (of missing out on a ‘good deal’ sets in). The article states the average buyer spent $1.3M in less than 16 minutes.
Read about how Sean Cooper plans to be mortgage-free by 31 years old. Definitely an impressive feat and it looks like he is well on his way!
Here’s a good read from the Globe & Mail that discusses how our condo-mania partly to blame for the lack of affordable rentals. To cash in on a rising market, more condos are being built than rentals. Even though some of them do end up as rentals, they tend to rent for higher than a traditional rental apartment.
Read some interesting facts about McDonald’s here.
Garry Marr writes about how echo-boomers may put even more pressure on the housing market. Even though there are 10 million baby boomers here, they are actually outnumbered by echo-boomers – which may drive house prices even higher.
Budgeting, Investment Advice & More
My Own Advisor writes about a better way to budget. Rather than tracking every single dollar, he suggest putting expenses into 3 categories – fixed, variable and discretionary. This is an easy way to budget for people who don’t want to track every single penny (this is something I would do!).
Some dangerous investment advice would be for a senior to take out a loan to buy investment vehicles, Big Cajun Man writes.
Congrats to Michelle from Making Sense of Cents who recently got married!
Dividend Mantra writes about why investing when the stock market is at an all-time high doesn’t scare him.
Finally, here is a great (and sensible) TFSA vs. RRSP comparison from Robb Engen.
Happy Father’s Day (on Sunday) to all the fathers out there!