RE:RE:RE:Cohodes had moved on to BC real estate I think he would be betting on that 10% profit max for his short position. Vancouver is a world attractive place, as long as the weather is nice all year, as long as there is a ocean view, and as long as canada accepts those business immigrants, the housing price is going up. When somebody can buy a million dollar ocean view(probably in cash), I would not consider addtional property tax gonna have any effect. One suggestion, consider shorting house market in North dakota( South de-canada) better chance there. 1027
adamchess wrote: It is doubtful Canadian prime real estate will even go down 10% in any foreseeeable future. He should keep his advice to horses and chickens and American stuff he might know more about.
wordless wrote: For clarity, he is shorting Home Capital Group. Not the housing market per se. But hw makes stupid comment son Global TV sayign he expects a 50%-80% decline in Vancouver housing? What a joke. He lost all crediability with that one statement right there.