For Americans, this is not good news. For Canadians, it’s a windfall!
I watched an incredible interview on the Washington Post business channel where respected analyst Robert Wetenhall confirmed his belief (and ours) that U.S. housing prices haven’t bottomed out yet. In fact, he believes it will be at least another two years before there is even a chance prices may begin to rise.
He called real estate in the United States a “sea of darkness”. And he actually verbalized to a national audience that his belief is that the American mood has shifted and that people no longer want to buy homes, they want to rent them.
Yes, America has become a nation of renters. And Canadians will continue to experience the investment opportunity of a lifetime as a result.
The video is only eight minutes long. Time well spent!