DTube - Toronto Housing Market Sees Biggest Drop In 30 YEARS! - The Bubble Is BURSTING! by joshsigurdson

View this thread on: hive.blog | peakd.com | ecency.com

money · @joshsigurdson · Apr 11 '18

$12.52

DTube - Toronto Housing Market Sees Biggest Drop In 30 YEARS! - The Bubble Is BURSTING!

One of our most recent video reports!
See the original article below:

Josh Sigurdson talks with author and economic analyst John Sneisen about the crashing Toronto real estate market as house prices drop harder than they have in 30 years.
March sales in Toronto dropped 40% from last year, the lowest since 2009. The average selling price for all homes dropped 14% from a year earlier, the biggest drop since 1991.
Detached home prices dropped the most which is notable as condo sales are the only thing that has gone up. There's a reason for that. People can't afford the detached homes anymore, but they are largely downgrading to condos.
The Toronto Real Estate board in a recent report said,
"The share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price."
To top it all off, active listings went up 103.1% since March of 2017. That is a massive rise in homes for sale, a recipe for disaster.

We've been warning about this for a long time. We remember well the euphoria of people in Toronto telling us it would just keep going up forever. The bubble was growing larger and larger. People were looking at their house as an asset. Their eyes became glassy and the hockey stick reached its peak and now we see a massive drop out. We will soon see similar in Vancouver. We reported on BMO's collateralized debt obligations which many of us remember from 2006 and 2007 before the bubble burst.
Collateralized debt obligations (CDOs) are packages of a bunch of mortgages, mostly bad mortgages with a few good mortgages. The package is rated by the top few good mortgages, often triple A. That is insane.
The level of derivatives manipulating the markets into temporary prosperity will burst the bubble and cause long term pain.

We need to be self sustainable and not fall for the fake speculation.

Stay tuned for more on this story from WAM!

<hr><a href='https://d.tube/#!/v/joshsigurdson/p7hpp6x6'> ▶️ DTube</a><br /><a href='https://ipfs.io/ipfs/QmWfJi1zPpefo3okZ4rxQ9cDCWfgND5xZeLWrQPMgkAtrF'> ▶️ IPFS</a>

👍 alexis555, ripperone, thejohalfiles, joshsigurdson, jasonstaggers, stealthtrader, sinushacker, nezbong, tylerdav, canadianrenegade, cryptoshack, landern, lovemetouchme2, thelindvall, bue, oldman28, luigizoloto, koltci, wakeupnd, ebejammin, tkoeddermann, crypticus, mandagoi, ericarthurblair, kaeptnkook, surveyor1, g-dubs, eavaryan, davidcashtv, shadab14meb346, kshoufer, egsand, tusam, emwalker, profitgenerator, osemansenturiah, sv67216721, williampierce, mikeaga888, saqibnazir, tomtrial, mrwalt, ngosteva, soveyta, jkkim, lindaangst

properties (23)

author

joshsigurdson

permlink

p7hpp6x6

category

money

json_metadata

"{"video":{"info":{"title":"DTube - Toronto Housing Market Sees Biggest Drop In 30 YEARS! - The Bubble Is BURSTING!","snaphash":"QmeHXTiDaaMaumyMgfzP52zATT9gcWGQMzP8SZfdySRm1H","author":"joshsigurdson","permlink":"p7hpp6x6","duration":975.517007,"filesize":613405748,"spritehash":"QmU77J3tKzncpnc3YKvof911TT6YTsSmsg1PE6TYeQBTco"},"content":{"videohash":"QmWfJi1zPpefo3okZ4rxQ9cDCWfgND5xZeLWrQPMgkAtrF","description":"One of our most recent video reports!\nSee the original article below:\n\nJosh Sigurdson talks with author and economic analyst John Sneisen about the crashing Toronto real estate market as house prices drop harder than they have in 30 years. \nMarch sales in Toronto dropped 40% from last year, the lowest since 2009. The average selling price for all homes dropped 14% from a year earlier, the biggest drop since 1991. \nDetached home prices dropped the most which is notable as condo sales are the only thing that has gone up. There's a reason for that. People can't afford the detached homes anymore, but they are largely downgrading to condos. \nThe Toronto Real Estate board in a recent report said, \n\"The share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.\"\nTo top it all off, active listings went up 103.1% since March of 2017. That is a massive rise in homes for sale, a recipe for disaster. \n\nWe've been warning about this for a long time. We remember well the euphoria of people in Toronto telling us it would just keep going up forever. The bubble was growing larger and larger. People were looking at their house as an asset. Their eyes became glassy and the hockey stick reached its peak and now we see a massive drop out. We will soon see similar in Vancouver. We reported on BMO's collateralized debt obligations which many of us remember from 2006 and 2007 before the bubble burst. \nCollateralized debt obligations (CDOs) are packages of a bunch of mortgages, mostly bad mortgages with a few good mortgages. The package is rated by the top few good mortgages, often triple A. That is insane. \nThe level of derivatives manipulating the markets into temporary prosperity will burst the bubble and cause long term pain. \n\nWe need to be self sustainable and not fall for the fake speculation. \n\nStay tuned for more on this story from WAM!\n\n","tags":["money","news","politics","video"],"video240hash":"QmVf4tFzcBQwfB2b5L64XJCDSU2SpnQoh4KCs4yxmXpe4c","video480hash":"QmNTrmH4LuRLfxYTEMMo58rRkcX5afvTAoivoikEfu2Kbi","video720hash":"QmXaTkMaR3isb6rK2EekjAhHDEtYT1gEF54zbhvoFCemK3"}},"tags":["money","news","politics","video","dtube"],"app":"dtube/0.7"}"

created

2018-04-11 23:23:18

last_update

2018-04-11 23:23:18

depth

children

last_payout

2018-04-18 23:23:18

cashout_time

1969-12-31 23:59:59

total_payout_value

10.801 HBD

curator_payout_value

1.723 HBD

pending_payout_value

0.000 HBD

promoted

0.000 HBD

body_length

2,287

author_reputation

972,625,043,415,388

root_title

"DTube - Toronto Housing Market Sees Biggest Drop In 30 YEARS! - The Bubble Is BURSTING!"

beneficiaries

0.

`account`	dtube
`weight`	2,500

max_accepted_payout

1,000,000.000 HBD

percent_hbd

10,000

post_id

49,574,092

net_rshares

3,551,494,665,787

author_curate_reward

vote details (46)

voter	rshares	pct
bue	13,988,807,695	100%
g-dubs	1,541,044,011	1%
stealthtrader	37,909,789,803	100%
thelindvall	14,105,506,646	100%
jasonstaggers	45,998,469,248	25%
crypticus	3,809,871,752	25%
joshsigurdson	345,446,540,569	100%
tomtrial	145,802,180	50%
wakeupnd	5,874,539,781	5%
tylerdav	30,934,774,258	100%
profitgenerator	517,192,913	100%
thejohalfiles	799,268,886,204	100%
sinushacker	36,409,322,923	100%
lovemetouchme2	17,716,234,760	9%
surveyor1	1,724,708,838	100%
ripperone	817,258,056,696	17%
alexis555	1,219,625,531,897	18%
kshoufer	602,562,800	100%
tusam	549,759,731	100%
kaeptnkook	2,623,268,171	100%
mrwalt	77,666,615	1%
sv67216721	422,868,828	5%
cryptoshack	23,815,284,742	36%
mandagoi	3,595,881,401	20%
jkkim	64,373,167	10%
ebejammin	5,553,760,224	100%
ericarthurblair	3,125,057,686	10%
landern	21,327,910,478	100%
koltci	6,159,716,564	100%
nezbong	32,456,429,234	100%
tkoeddermann	4,003,003,103	100%
luigizoloto	12,141,575,626	100%
davidcashtv	611,431,266	100%
oldman28	12,359,995,907	50%
eavaryan	839,072,191	100%
mikeaga888	230,233,627	100%
ngosteva	66,039,785	100%
soveyta	65,115,158	100%
canadianrenegade	25,884,922,570	25%
shadab14meb346	608,451,517	100%
osemansenturiah	434,486,047	100%
saqibnazir	190,657,333	100%
egsand	593,242,382	100%
lindaangst	0	100%
emwalker	526,207,703	100%
williampierce	290,611,757	100%

@bitcointravel · Apr 12 '18

$0.42

they always continue printing i don`t expect deflation

👍 bitcointravel

`author`	bitcointravel
`permlink`	re-joshsigurdson-p7hpp6x6-20180412t050440255z
`category`	money
`json_metadata`	{"tags":["money"],"app":"steemit/0.1"}
`created`	2018-04-12 05:04:42
`last_update`	2018-04-12 05:04:42
`depth`	1
`children`	0
`last_payout`	2018-04-19 05:04:42
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.391 HBD
`curator_payout_value`	0.024 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	54
`author_reputation`	1,242,188,053,672
`root_title`	"DTube - Toronto Housing Market Sees Biggest Drop In 30 YEARS! - The Bubble Is BURSTING!"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	49,611,249
`net_rshares`	91,319,973,982
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
bitcointravel	0 B		91,319,973,982	100%

@canadianrenegade · Apr 11 '18

Watch out below if the stock market has a correction or this war the military industrial complex is trying to start with Syria (and potentially Russia) goes live.  These house prices were obscene a few years ago and will revert to some semblance of reasonableness at some point. There just has to be a trigger.

properties (22)

`author`	canadianrenegade
`permlink`	re-joshsigurdson-p7hpp6x6-20180411t234458390z
`category`	money
`json_metadata`	{"tags":["money"],"app":"steemit/0.1"}
`created`	2018-04-11 23:45:00
`last_update`	2018-04-11 23:45:00
`depth`	1
`children`	0
`last_payout`	2018-04-18 23:45:00
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	310
`author_reputation`	52,890,907,293,759
`root_title`	"DTube - Toronto Housing Market Sees Biggest Drop In 30 YEARS! - The Bubble Is BURSTING!"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	49,576,189
`net_rshares`	0

@canadianrenegade · Apr 12 '18

$0.05

This graph is telling. Where is Canada's real estate correction? Oh yeah that's right, it hasn't happened yet....

![correction?](http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/04/19/canada%20housing%20prices.jpg)
*[Source](https://www.zerohedge.com/news/2018-04-11/rbc-warns-cracks-starting-show-canadian-credit)*

👍 canadianrenegade

`author`	canadianrenegade
`permlink`	re-joshsigurdson-p7hpp6x6-20180412t053744097z
`category`	money
`json_metadata`	{"tags":["money"],"image":["http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/04/19/canada%20housing%20prices.jpg"],"links":["https://www.zerohedge.com/news/2018-04-11/rbc-warns-cracks-starting-show-canadian-credit"],"app":"steemit/0.1"}
`created`	2018-04-12 05:37:48
`last_update`	2018-04-12 05:37:48
`depth`	1
`children`	0
`last_payout`	2018-04-19 05:37:48
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.048 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	340
`author_reputation`	52,890,907,293,759
`root_title`	"DTube - Toronto Housing Market Sees Biggest Drop In 30 YEARS! - The Bubble Is BURSTING!"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	49,615,095
`net_rshares`	10,785,384,404
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
canadianrenegade	0 B		10,785,384,404	10%

@emwalker · Apr 11 '18

I'll hold my properties for a few more years - it will bounce back - it always does - might take this opportunity to scoup up a few more at a lower price. One man's trash is another's treasure.

properties (22)

`author`	emwalker
`permlink`	re-joshsigurdson-p7hpp6x6-20180411t233156719z
`category`	money
`json_metadata`	{"tags":["money"],"app":"steemit/0.1"}
`created`	2018-04-11 23:31:57
`last_update`	2018-04-11 23:31:57
`depth`	1
`children`	2
`last_payout`	2018-04-18 23:31:57
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	193
`author_reputation`	27,429,568,003,019
`root_title`	"DTube - Toronto Housing Market Sees Biggest Drop In 30 YEARS! - The Bubble Is BURSTING!"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	49,574,904
`net_rshares`	0

@williampierce · Apr 11 '18

Sell high, buy low. Some people forget about the first part.

👍 emwalker

`author`	williampierce
`permlink`	re-emwalker-re-joshsigurdson-p7hpp6x6-20180411t233643218z
`category`	money
`json_metadata`	{"tags":["money"],"app":"steemit/0.1"}
`created`	2018-04-11 23:36:45
`last_update`	2018-04-11 23:36:45
`depth`	2
`children`	1
`last_payout`	2018-04-18 23:36:45
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	60
`author_reputation`	31,236,890,372
`root_title`	"DTube - Toronto Housing Market Sees Biggest Drop In 30 YEARS! - The Bubble Is BURSTING!"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	49,575,381
`net_rshares`	504,792,273
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
emwalker	0 B		504,792,273	100%

@emwalker · Apr 11 '18

Agreed - I take my opportunities and make the most of them - even if I sold right now I wouldn't be loosing on principal - potential gains yes - but not initial investment. Made a killing on pot stocks buying low - got in on CGC at under $5 cdn dumped when it spiked a few months back.

properties (22)

`author`	emwalker
`permlink`	re-williampierce-re-emwalker-re-joshsigurdson-p7hpp6x6-20180411t234144656z
`category`	money
`json_metadata`	{"tags":["money"],"app":"steemit/0.1"}
`created`	2018-04-11 23:41:45
`last_update`	2018-04-11 23:41:45
`depth`	3
`children`	0
`last_payout`	2018-04-18 23:41:45
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	285
`author_reputation`	27,429,568,003,019
`root_title`	"DTube - Toronto Housing Market Sees Biggest Drop In 30 YEARS! - The Bubble Is BURSTING!"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	49,575,859
`net_rshares`	0

@endless.drugs · Mar 31 '22 (edited)

7prmhg07e

properties (22)

`author`	endless.drugs
`permlink`	7prmhg07e
`category`	money
`json_metadata`	{"app":"hiveblog/0.1"}
`created`	2018-04-12 01:29:51
`last_update`	2022-03-31 13:27:48
`depth`	1
`children`	0
`last_payout`	2018-04-19 01:29:51
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	1
`author_reputation`	31,910,531,697,153
`root_title`	"DTube - Toronto Housing Market Sees Biggest Drop In 30 YEARS! - The Bubble Is BURSTING!"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	49,587,069
`net_rshares`	0

@funnyshow · Apr 12 '18

xt5pv8134

Become an Investor Exchange and Receive Dividends. Better than Binance. Alpha Version is open!
https://goo.gl/DMbMmF

Werden Sie eine Investorenbörse und erhalten Sie Dividenden. Besser als Binance. Alpha Version ist offen!
https://goo.gl/DMbMmF

Zostań giełdą Inwestorów i otrzymuj Dywidendy. Lepsze niż Binance. Wersja alfa jest otwarta!
https://goo.gl/DMbMmF

Devenez un Investor Exchange et recevez des Dividendes. Mieux que Binance. La version Alpha est ouverte!
https://goo.gl/DMbMmF

Conviértase en un Intercambio de inversores y reciba dividendos. Mejor que Binance. ¡La versión alfa está abierta!
https://goo.gl/DMbMmF

Стань Инвестором Обменника и Получай Дивиденды. Лучше, чем Бинанс. Открыта Альфа Версия!
https://goo.gl/DMbMmF

================================================================================================

The Platform for Monetizing any Game for every Player and any Developer with Blockchain Technologies.
https://goo.gl/v25pBU

Die Plattform für die Monetarisierung jedes Spiels für jeden Spieler und jeden Entwickler mit Blockchain-Technologien.
https://goo.gl/v25pBU

Platforma do zarabiania na dowolnej grze dla każdego gracza i dowolnego programisty z technologią Blockchain.
https://goo.gl/v25pBU

La plate-forme pour monétiser n'importe quel jeu pour chaque joueur et n'importe quel développeur avec Blockchain Technologies.
https://goo.gl/v25pBU

La plataforma para monetizar cualquier juego para cada jugador y cualquier desarrollador con tecnología Blockchain.
https://goo.gl/v25pBU

Платформа для монетизации любой игры для каждого игрока и любого разработчика с помощью технологии блокчейн.
https://goo.gl/v25pBU

properties (22)

`author`	funnyshow
`permlink`	xt5pv8134
`category`	money
`json_metadata`	{"app":"dtube/0.7"}
`created`	2018-04-12 08:07:21
`last_update`	2018-04-12 08:07:21
`depth`	1
`children`	0
`last_payout`	2018-04-19 08:07:21
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	1,659
`author_reputation`	-630,480,625,742
`root_title`	"DTube - Toronto Housing Market Sees Biggest Drop In 30 YEARS! - The Bubble Is BURSTING!"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	49,633,486
`net_rshares`	0

@surveyor1 · Apr 13 '18

Didn’t get to see the full video , I have to guess that a lot of the problems with video play on DTUBE aren’t just bugs in the system related . I highly suspect that there is more to it then that , because if it were a kittens and puppies video I doubt you’d have any trouble with it . Just thought I’d mention it 🧐

properties (22)

`author`	surveyor1
`permlink`	re-joshsigurdson-p7hpp6x6-20180413t134656425z
`category`	money
`json_metadata`	{"tags":["money"],"app":"steemit/0.1"}
`created`	2018-04-13 13:46:57
`last_update`	2018-04-13 13:46:57
`depth`	1
`children`	0
`last_payout`	2018-04-20 13:46:57
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	315
`author_reputation`	103,604,997,432
`root_title`	"DTube - Toronto Housing Market Sees Biggest Drop In 30 YEARS! - The Bubble Is BURSTING!"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	49,858,666
`net_rshares`	0

@williampierce · Apr 11 '18

Ha, pretty soon the Canadian dollar is going to be dropping faster than Bitcoin under Trudeau. Dont worry, the budget will balance itself though.

properties (22)