(VIDEO). Another Housing Meltdown Is Now A Certainty: You Have Been Warned. By Gregory Mannarino

thelifeofbrian (52) · 7 years ago

Hi Greg all my posts are blocked on youtube so i will post my comments here from now on ...
The housing and land situation in Canada ...
90% of the land mass of Canada is held as Crown land here in BC its 95% leaving 5% for the people, of the 5% here that includes agricultural and industry, so its more like less than 1% of the landmass of Canada is available for the population to use as living area. As the housing crisis continues. And land values rise beyond a lifetime of labour to pay for a postage stamp size piece of land ...with more regulations bylaws and taxes than you can even keep track of, it boggles the mind why prices for land are so ridiculous ...

Canada is huge ........
Covering 9,984,670 km2 or 3,855,100 sq mi (land: 9,093,507 km2 or 3,511,023 sq mi; freshwater: 891,163 km2 or 344,080 sq mi), Canada is slightly less than three-fifths as large as Russia and slightly smaller than Europe. In total area, Canada is slightly larger than both the U.S. and China; however, Canada ranks fourth in land area .

And we cannot provide any land or a place for the homeless ....
At least 200,000 Canadians experience homelessness in any given year.
At least 150,000 Canadians a year use a homeless shelter at some point.
At least 30,000 Canadians are homeless on any given night.
At least 50,000 Canadians are part of the "hidden homeless" on any given night — staying with friends or relatives on a temporary basis as they have nowhere else to go.

There is no land or resource shortage for people to live on and build homes from...
Just Bank greed backed by government support. And enforced by the police...
This is beyond ones comprehension that a small piece of Canada cannot be used for our homeless and less fortunate ...
Criminal is the only word that comes to mind .....

$1.00

15 votes

beatminister (61) · 7 years ago

From the sheer numbers you are propably right. However, from what I heard about Canada, the biggest part is land where nobody wants to live. Except for caribous and polar bears perhaps.
And even in the southern regions, its not enough to just provide empty land. People need jobs, infrastructure and all that. I wonder how many of the homeless (or people struggling with housing cost) in the cities are willing to move into the countryside.
On the other hand, I agree of course that the housing prices in the cities have gone totally mad. And the Vancouver region is among the worst in this from what I heard, due to speculation of foreign investors mainly.
But as Greg says, this market will correct - may be even in the near future. Then those investors will make huge losses, and the prices go back to a reasoble level again.

$0.11

thelifeofbrian (52) · 7 years ago

There is a lot of places everyone would love to live on the 90% of the unoccupied lands Its not all tundra lol
Beautiful rivers oceans forest everywhere ...yes the north is harsh but still quite beautiful... I know no one who would turn down any land anywhere.. People dont need jobs as there is few anyway ....if they have land and are self sufficent ....This thought you cannot survive without a job only exsists beacuse we have no land to live from ... And here you could be self sufficent ... And most I know would rather have that over a job any day .

$0.09

thelifeofbrian (52) · 7 years ago

And no I will never see this from a city point of view .I am a country boy..
We had a large Amish community in the area that I grew up in ... Now thats self sufficent ...Even a huge horse hitch at the back of the local Canadian Tire Store to this day..

$0.00

thelifeofbrian (52) · 7 years ago (edited)

Just to add a note to this I work with the disabled and the local homeless shelter from time to time and was given a call last night to help a homeless person move his stuff as the police where chasing them from the camp they setup in the bush ..... Its a sad sad situation here for way to many people ... And being homeless in Canada in the winter is not something I would advise anyone to try ....

$0.00

4 votes

healthiswealth (67) · 7 years ago

Where in Canada do you live brian?

$0.00

thelifeofbrian (52) · 7 years ago

Vancouver Island ...

$0.00

thelifeofbrian (52) · 7 years ago

But have lived from one side to the other over the years ..was driving truck for a while so I have covered most of the country ...

$0.00

healthiswealth (67) · 7 years ago

If your ever coming into Vancouver? let me know we can hook up.

I want to get a Vancouver Steemit Meet n Greet happening?

$0.00

thelifeofbrian (52) · 7 years ago

That might be interesting .. A Local steem club or somthing ..

$0.00

knarkworst (30) · 7 years ago

Great info! Thanks

$0.00

sauna (46) · 7 years ago

Too true. Have the same thoughts.

$0.00

steemitboard (66) · 7 years ago

Congratulations @marketreport! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

$0.47

djohan (66) · 7 years ago

Hi Greg, people have been moving to Dtube because of censor, works better with steemit also

$0.43

pocketechange (58) · 7 years ago (edited)

Wow... You make more money, upvoting your own comment,
then I make on about 5 or 6 of my Posts... lol...
It was a nice comment, by the way...
@pocketechange

$0.36

djohan (66) · 7 years ago

lol, i invested some steempower, i shared some with you

$0.00

ionlysaymeep (50) · 7 years ago

meep

$0.00

pocketechange (58) · 7 years ago

Wow... That was kind of you...
@pocketechange

$0.00

orionschariot (57) · 7 years ago

Housing demand crashing with tons of inventory? Yeah, sure does sound familiar. I think we have some severe deflation coming in the housing market. I'm quite shocked we haven't seen 40 and 50 year mortgage products yet to make sure the debt parade keeps on going.

$0.35

mikenevitt (62) · 7 years ago

Forget the rest Steemit will do and by the way I like a good rant myself, cheers mike

$0.21

4 votes

glebmanik (45) · 7 years ago

i like every post

$0.20

cve3 (63) · 7 years ago

Yes, I watch as much stuff, on Steemit, as I can.

$0.08

agaupt (65) · 7 years ago

Awesome video Greg, thanks for sharing your knowledge with us and keeping us informed.

$0.06

5 votes

moderndayhippie (67) · 7 years ago

It seems as tho all of the channels i watch on youtube are getting censored now.. lets get EVERYONE on steemit!

$0.04

5 votes

drewmarc (32) · 7 years ago

I totally agree. Steemit and minds.com will grow exponentially while fb, youtube, twitter, etc will wither pc policing and censoring communication. Remember Friendster and Myspace?

$0.00

thetruth36 (64) · 7 years ago

Thanks for all the hard work for us Greg. Keep ripping the face of this market!!!

$0.03

worldfinances (61) · 7 years ago

I think this will be going on and on and on.... every few years (10y max). Bankers have big profits, and they do not care

$0.02

pocketechange (58) · 7 years ago

I have a Theory how to pay off the National Debt...
@pocketechange

$0.00

pvilla (36) · 7 years ago

So Greg, let me see if I get this straight, you're saying to sell the tulip bulbs?

$0.00

joejustjoe (48) · 7 years ago

I think Greg was still "shooting" for Bitcoin $5K even as it traded at Bitcoin $4900. So no! HODL the tulip bulbs. :-)

$0.00

cantfightthefed (33) · 7 years ago (edited)

And joe is getting SToMPed by BABA and WTW and getting his twig SNAPed too. Did I miss any joeonlyjoe? SLV?

$0.00

pocketechange (58) · 7 years ago

If BitCoin can go to $5,000, then why can't a Penny go to a Dollar...???
@pocketechange

$0.00

joejustjoe (48) · 7 years ago

There isn't a small enough consortium of morons on the planet who think the penny will become the world's standard for pricing oil...like there is with bitcoin.

$0.00

pocketechange (58) · 7 years ago

Don't forget... A Hundred Pennies will make a NEW DOLLAR...
@pocketechange

$0.00

joejustjoe (48) · 7 years ago

I'll check back with you during the next solar eclipse to see how you are doing with that. :-)

$0.02

pocketechange (58) · 7 years ago

That was a pretty interesting comment... lol...
@pocketechange

$0.00

ahlawat (76) · 7 years ago

sir ji, great video, post marketreport

$0.00

takuto (25) · 7 years ago

I miss the traderschoice page ("not found") where Gregory posted his calls and puts. Can anyone tell me whether it has moved somewhere?

$0.00

bearbear613 (67) · 7 years ago

luckily I have my own central bank

$0.00

pocketechange (58) · 7 years ago (edited)

Me too... I call it my Piggy Bank... lol...
Actually, I have a great Theory to read
if you come visit some of my Posts...
@pocketechange

$0.00

blackhound (25) · 7 years ago

Thanks Gregory!

$0.00

buster544 (52) · 7 years ago

Been telling people about this housing bubble for about a year, just watching the forclosures in every market, is high. I'm seeing houses for sale post reduced prices, it's happening.

$0.00

buzzbait (44) · 7 years ago

House bubble. POP... back to fair value

$0.00

joejustjoe (48) · 7 years ago

But again, as with Greg's "rant" yesterday about Afghanistan, Greg calls today's new home sales report "actionable." So far I have not seen one "suggestion" on how to play the Afghanistan war or the housing bubble. Let's "hope" doesn't come on and say "I'm making a killing!" concerning any "behind the scenes" trades he makes. People who do that are the worst of the worst. I have no problem with Greg "ranting" and "raving" but unless he shows us how his rants are "actionable"...it ainn nothing but bullcrap.

$0.00

cryptoss (34) · 7 years ago

I stopped following on you tube,and started to follow you on steam ever since you first recommended it. Thanks for your great work.

$0.00

healthiswealth (67) · 7 years ago

Thanks for another great post Gregory.

$0.00

healthiswealth (67) · 7 years ago

Use DTube from now on! YouTube sucks!

$0.00

evolart (25) · 7 years ago

So I should refinance now instead of later to take advantage of the crazy jump in equity I've had in just two years ownership? Planning to live here or at least rent this home out for a long time to come.

$0.00

wildandfree (25) · 7 years ago

Hi Greg, Ive followed you on you tube for a year or so. Always look forward to your videos. I actually just started a Steemit account recently. Just getting the hang of it. Glad to see you on here!

$0.00

enjoywithtroy (68) · 7 years ago

He Greg if you are having trouble with Youtube consider Dtube as an option. - Good vid. - Troy

$0.00

knarkworst (30) · 7 years ago

We are with you Greg! F&$^ck utube

$0.00

pele23 (68) · 7 years ago

I live in Belgium, here house prices havent had a correction since the seventies, it is insane... At these prices I don't think my kids will ever have the opportunity to own a house, unless they get a huge input from my side. And still our government keeps promoting multiple house ownership by not taxing rent profits, tax-deductions if you buy a second home...
I don't what to expect

$0.00

pvilla (36) · 7 years ago

So Greg, let me see if I get this straight, you're saying to sell the tulip bulbs?

$0.00

pocketechange (58) · 7 years ago

Never put words in Gregory's mouth...
@pocketechange

$0.00

andersokohler (47) · 7 years ago

This has been inevitable ..

$0.00

pocketechange (58) · 7 years ago

So is the Revaluation of Common Coinage...
@pocketechange

$0.00

rramsey (28) · 7 years ago

You're safe here Greg!

$0.00

rramsey (28) · 7 years ago

Anways, i'm naked in the tech sector right now reduced my holding by about 50% due to the week ending (for me personally) but here they are: NVDA AMD VEEV AMAT AAPL and ETFs TECL
Theyve done well since i bought half last friday

$0.00

stefen (58) · 7 years ago (edited)

So home purchasing are increasing but i read in news paper that many us citizens are moving to offgrid life.

$0.00

jesusgguerrero (32) · 7 years ago

Youtube is gonna suck when all the good content creators leave.

$0.00

sheeplewatcher (25) · 7 years ago

Truth to power spoken here, thank you Greg. Am trying to switch over to Steemit now to watch all videos as you guys need support for the work you do....UPVOTED

$0.00

rusticman1 (46) · 7 years ago

In my market housing prices range from under a $100 square foot to $200 square feet on the same road and neighborhood. Which means no one knows the price that can be paid for a house. The finance market is out of whack and sellers are seeing what can be financed.

$0.00

stevenpegge (38) · 7 years ago

miss your stock picks. whattzup???

$0.00

screenname (66) · 7 years ago

This post has been ranked within the top 25 most undervalued posts in the second half of Aug 23. We estimate that this post is undervalued by $26.75 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Aug 23 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

$0.00

enomujjass (64) · 7 years ago

thank you
upvote

$0.00

joeydobson (25) · 7 years ago

This time it stares one in the face with bells and whistles attached. The old cowboy movie had it right: "truth is hard to swallow but if one can keep it down it'll do'm some good."

$0.00

revelationquotes (68) · 7 years ago

Great stuff once again. You are spot on!

$0.00