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Vancouver Home Owners: It's a debt bubble!

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PatrickGunville | 22 Aug 2013, 12:17 AM Agree 0
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Debt is an artificial stimulant used to inflate markets and economies. In Vancouver's case, it has been a 30 year decline in rates, followed by a systematic increase in housing prices. What has happened is we have borrowed many times more than what our homes are actually worth. Even if your house is paid off, its value is drawn from the value of the majority of houses, most of which have mortgages. In order to protect your wealth from the coming decline, it is recommended to sell, at enter back in at bargain prices in the very near future.
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