History Rhymes. That’s because virtually everything that happens on Earth runs in cycles—our climate, the markets, political systems, societies, wars, financial ups-and-downs, etc. Our ancestors have known this for centuries. Knowing how these cycles work can keep you safe during downturns and provide you great wealth during the upswings. For example, you’ll know when to rent and when to buy. We’re currently at the end of a major business cycle. This site has been developed to provide core information about how cycles work and how you can use them to your benefit.
People fall in love with having a “dream home,” and cost is usually secondary. They get into debt up to the eyeballs.
Really bad idea, particularly right now. That’s because we’re at the very top of the market. In fact, it’s a bubble … certainly in Canada (and Australia is close behind). The US had their housing bubble a few years ago … but the full extent of the downturn is still to be seen. [continue reading…]