A Sign of Vast Financial Mess Coming in RE Market?

[REInvestors888]

http://business.financialpost.com/n...er-291-million-in-withdrawals-in-just-one-day

Any opinions?

 

[Thomas Beyer]

Home trust is a bank.

They had a run on the bank, thus had to borrow using very expensive money and the stock cratered. It has NOTHING to do with real estate.

Loan to own is a proven vulture lending practice, by smaller investors, MICs and large institutional firms as in this case.

There is no financial mess. Just media and political hype.

 

[REInvestors888]

Today's Home Trust news
https://ca.yahoo.com/finance/news/fall-home-capital-group-inc-121729967.html

 

[Thomas Beyer]

Negative news sells better than: middle class is getting wealthy off real estate - but some more. Most journalists are not real estate savvy or own any. Expect bias, envy and sensational reporting.

Just buy more, prudently levered. Your heirs will thank you when they inherit the $20M portfolio.