RE:We are in a cannabis bubble The 2008/2009 housing crisis was more than just people getting money that they couldnt pay back. I remember seeing ads in 2006/2007 for 40 year, no money down (down payment) mortgages, which I though was insane. In the states people would basically refinance their home to get the equity out of it. The problem came with the new terms of the refinance. Peoples mortgage payments tripled, so if you were paying $1000.00 a month for your mortgage, that price rapidly went up to $3000.00 a month. Most people were unable to afford the monthly payments and walked away from their house. That is the reasoning for the current rules for being able to get approved for a mortgage. The DOT COM thing was also a disaster, I know guys that lost piles of money while trying to average down. MJ is a completely different animal. This is product that is in demand and is also something I can see and touch (physical asset). I will agree that the valuation for these companies is on the high side. Its ok to play it safe after what we have seen this past February, but I think you are blowing things out of proportion a little bit. Just my 2 cents, GLTA.
Aurorafanboi wrote: