When the Bubble Bursts: Surviving the Canadian Real Estate Crash Paperback – Mar 21 2015
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About the Author
Hilliard MacBeth has advised Canadian individuals and families from across Canada on their investments for over 35 years. His 1999 book Investment Traps and How to Avoid Them predicted the collapse of the dot-com bubble in the stock market and gave investors practical advice on how to avoid getting caught offside in market cycles. Hilliard lives in Edmonton.
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Top Customer Reviews
Hilliard also makes sense of the various things that brought us to this point and if there is still anyone in doubt that we are not in a bubble, very convincing arguments and data. I sincerely hope a few Canadian real estate optimists read this and entertain, what I think is a more realistic view point. Hilliard does a great job at articulating this view point. In fact if someone asked me my view point I would point them to this book.
My only desire for this book that was unfulfilled was being slightly mislead in the title. "Surviving the Canadian Real Estate Crash" to me meant two things. First: What to do with current real estate investments, which is thoroughly covered in the book. Second: Specifically what sectors or vehicles to look into investing in, the timing of such investments and how much cash to hold. Maybe that is a lot to ask, but it would have been nice to have been covered in more detail.
This book contains very little fear mongering, the content was factual with plenty of math and statistics to back up its points. It is difficult to counter the herd mentality of 'real estate always goes up' and 'rent is throwing away money'. This book provides the facts and information necessary to make a truly informed decision on the largest purchase most people will ever make. If you read this book and still disagree you can have the confidence that you made your decision with all the relevant facts.
I highly recommend this book to anyone who is planning to purchase a house for renting right now. After reading this book and performing extensive research on variety of resources, I am now confident the investing in real estate is not the smartest choice. Thank you for writing this book – it saved me from possibly one of the worst investments in my life…
Most arguments presented in this book are not new to me, as I have studied the topic extensively. Some interesting arguments I have not heard before such as the effect of the Canadian bailout of banks. The book kept me entertained and I am pleased to report that it is written in a style that is both suitable for beginners and those who are more knowledgeable about the subject.
The author also makes the distinction between drivers and indicators - an important detail that is most often overlooked.
Most recent customer reviews
Well, nobody in my friends want to believe it but price of houses are pretty high right now.
I have bought houses/buildings in the 1990' (long term profit - Montreal) and also... Read more
This book is written from the perspective of Financial Advisor who purchased a property at the height of the boom late 80’s and sold it during a downturn, the late 90’s. Read morePublished 6 months ago by Quentin
Very insightful to the current Canadian Economic Climate. Even if you were to disagree with the main thesis the book brings alot of financial insight to the table to make it... Read morePublished 11 months ago by Mopmonkee