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The nation — Greater Fool – Authored by Garth Turner – The Troubled Future of Real Estate. Never say this is not an amusing country. First the Cons, thrown out of office for being too rigid, too right and too Harper, elect an alt- right flatlander social conservative because Quebec dairy farmers who want a monopoly defeated their own guy. Then the Dippers and the Greens team up to take BC winging to the margins, defeating the centrist Libs who actually got the most votes.

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What does this mean for the economy, and our national house porn addiction? Watch The Third Miracle Vioz. Probably nothing too good. The left coast going left is news the resource industry didn’t want.

Now BC can be just like Alberta, watching investment dollars leave town, returning to budgets awash in red ink, and embarking on a bold new agenda of social spending. As for real estate, the NDP has been vocal about deflowering speculators, both foreign and domestic (the Chinese tax would be doubled and made province- wide), hiking property tax, taxing flippers and spending billions of tax dollars on ‘affordable’ housing in the most unaffordable place on the continent. Yes, that means tax increases, and huge market risk. Get out. Nationally, Mr. Sheer (I know the dude) was a dedicated foot soldier for Stephen Harper, a mouse in caucus and a passable Speaker. I think there was champagne and weed in 2.

Sussex on the weekend. Just the news the T2 gang were hoping for. Meanwhile, what kind of country do our leaders have dominion over?

A less confident one, it seems. People are losing faith in the economy, with just 1.

The latest Nik Nanos polling data, via Bloomberg, also underscores an erosion of faith in the No. Beaverland. A few weeks ago a majority of people polled thought house prices would increase.

Now a majority believes the opposite. And that has driven overall consumer confidence down for the first time in months. Why? You know. Home Capital. Downgrades of our big banks. NAFTA trouble looming.

Anti- bubble measures. Watch Commando Megavideo. Watch Ballet Of Blood Online Free 2016. Static income. Rising debts. It’s all being reflected in the falling house sales, bloated listings and price weakness that realtors wish they didn’t have to reveal.

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And now we have a political schism emerging reminiscent of the Trump- Democrat divide which polarizes the USA. Sigh. This is why it’s time to make one of those periodic portfolio adjustments, sucking a little weighting out of American assets and adding it into the European column. Assets there are better valued as major economies move ahead and the disruptive forces of populism have their asses handed to them by the majority of voters. But enough politics and macroeconomics.

Let’s talk about Nelson’s babe. He has a problem.

Needs Greater. Fool 9. I’ll leave the advice tonight for the blog dogs. Love your blog…been reading it for years. I’m 3. 9 years old, never owned real estate, and have been renting since 2. While there has and will always be pressure from friends and family to buy a house, I’ve crunched the numbers and know that the benefits of renting will often outweigh the benefits of owning (unless you can put a value to the self- righteousness that comes with owning). However, I’m at a crossroads and I never thought I would be one of those guys who email you asking for your advice on how to calm a spouse who seems almost desperate to buy a house. We’re recently married and have a 3 month old son.

We looked for a house back in the summer of 2. Our search was limited to Toronto as our jobs and family are here and moving to the burbs and commuting is not really an option. Since we had the little guy coming and wanted more space than what my 7. Toronto.  The idea was to rent for a couple of years and see how things shake out while we figure out this parenting thing. Financially we’re in a pretty good place and sitting on about $5. Once the bambino was born in February, everything changed and my wife is constantly checking realtor. For now, I’m humoring her and telling her to wait until the end of summer to re- engage our realtor but deep down I’m not optimistic.

While there may be a recent uptick in listings, prices haven’t yet followed and it seems greedy sellers are still holding onto their lottery ticket until some external force moves the pendulum (like more gov’t intervention or rising rates). My fear is that we’ll settle for a dumpy place with pre- war electrical or plumbing (or worse, mold or termites), overpay while the market slides, and most importantly need to delay / re- finance our retirement. I don’t want to throw away all my years of financial diligence and foresight and worst of all, end up resenting my wife or leaving our son with nothing (other than an education) when we die.

What can I do to distract my wife until the market is more balanced and prices start to decline? I’ve already put forth a pretty strong case for renting another year or so but she’s willfully blind to the long- term benefits of waiting a bit longer and doesn’t seem to care much about retirement or your blog (sorry, I tried). Is Nelson pooched? Should he stand firm? Just give it up, and buy? Isn’t running the country easier?