RE:Not directly related to canopy but kindaHey there. I come from the Aphria board (aka your future enemy). I too think the bubble has to burst soon. The problem is, people have been saying this for years, and it hasn't happened yet. My philosophy is that it is like an earthquake or volcano that is expected to erupt every 100 years. After 150 years, if it still hasn't erupted it will get UGLY when it does.
My concern isn't what will happen to the MJ market if the Canadian real-estate market crashes (if things tumble, it's as easy as selling your shares and waiting for things to rebound again). My main concern is how do we profit off of this? The US has a 3x Bear ETF on Real-Estate, but there are 2 problems with that; 3x is a great way to make money, but an even better way of losing money FAST... also, I'm looking for the Canadian market, not the US.
Can anyone point me in the right direction? I am unable to make short sells on my RRSP (unsure about my TFSA), so preferably I'm just looking to invest in a bear and jump in when I think it's time.
philk33 wrote: I, like many Canadians who don't have their head in the sand, predict a pretty harsh correction in the housing market! I've been preaching a bubble for a little over a year now... I'm sure at least a handful of you can agree that the housing market is ugly and due for either a correction or a crash. Heck, I'm understating it... the housing market is absolutely hideous right now! That being said, what happens to our weed stock in the event we experience a crash like 2008 (I think it will be worse). This spring/summer should be tell-tale for housing.... after that I go from scared to terrified. Sorry it consumes my mind daily (I sold last year and am renting happily, awaiting the time I can be a home owner again)