RE:RE:RE:RE:Cohodes had moved on to BC real estate He throws out comments with no in depth understanding. Said that schools in vancouver are closing, therefore it's because Asians are buying houses and leaving them vacant. Only locals know that schools have been closing for two decades bow due to an aging population and people having fewer kids in the big city.
yycish1027 wrote: 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.