I read an interesting article in the National Post on June 25th about the unexpected emotional turmoil that people experience when they realize they are millionaires. The writer, Zosia Bielski, quotes Dr. Grubman, a Massachusetts based psychologist who counsels wealthy families. They have more difficulty dealing with success than expected. You see, money is not the […]
There is no such thing as lazy investing. It takes effort to perform adequate due diligence on any business or investment. It is with shock and dismay when I see people blithely rushing to put their hard earned money into investments that make no sense… for the investor. In real estate transactions, have you read the […]
If you have a savings account in a bank, then you are losing money faster than the interest you’re making. How is this possible? It has to do with inflation. You need to understand that when the newspaper articles write about core inflation at 2% to 3%, it’s bunk. And this isn’t just my opinion. […]
Canadian Coal Stocks On Fire - The National Post’s Energy section today. Coal prices have more than tripled this year after flooding in Australia slowed down coal production there. The demand and price of steel has skyrocketed due to China’s growing consumption. Did you know that China is building a city the size of Las […]
I noticed that I’ve been writing about Alberta real estate. That’s because it’s the popular trend. However when you have popularity, you also have an influx of investors and speculators who rush in buy which inevitably pushes up demand and prices start going up. When I start to see double digit increases in housing prices […]
My business partner, Selena Cheung, returned from a tour of Edmonton north, the Fort Saskatchewan area, just a few miles away from the upgraders. There are billions of dollars of projects waiting to come online and it will take years to accomplish. It takes approximately 20,000 laborers about 2 years to build an upgrader. The […]
How does our consumption and addiction to oil relate to real estate? You’ll see as you read. Ghawar is the #1 oil production facility in the world located in Saudi Arabia. It reached peak oil a couple years ago and their output has been declining every year. Same for the Burgan well in Kuwait, the second […]
The general consensus amongst Canadian real estate experts such as Ozzie Jurock, Don R. Campbell, Peter Kinch, is that the US subprime meltdown will level off after February 2009, as the last of the ARM’s (adjustable rate mortgages) come due. The US real estate market will continue to experience declining values and foreclosures for a […]
We all know the story about The Great Race between the Turtle and the Hare. The Hare is a shoe-in as the winner before the race even starts yet the Turtle agrees to a seemingly unfair match. What kind of race are you in? Hares are like flips. You let your guard down, take a […]
I love networking and I’m a huge advocate for following up. My response time is not as timely as I would like. So in answer to those of you who are wondering why I have not replied to your e-mail within the last 24 hours, here is a sample of an average day to satisfy your curiosity:Â
We are […]
