You just seem delusional at all times. Have you no idea how the world perceives Trump and I'm talking as a person not a political statement. Trump is a con man who has fooled a lot of people and seemingly can have a terrible performance for 4 years and still have fooled many people.
Seriously now, Trump's performance is awful on any objective measure.
As a Canadian, I have no horse in the race and in a perverse sense Trump winning would help me personally. Toronto is gaining a lot of professional talent and the IT sector is booming during Trump's tenure. Our housing market just hit a new ATH on the strength of a huge yearly move ( price and sales in every segment ). A higher stock market is making me money. But none of this is good for anyone longer term especially younger Americans in the lower and middle class.
Lets put politics aside, I'm gonna throw you a bone. Now of course you will find a half dozen ways to disagree with me on this, it is ET afterall and the people down here in the cellar live to argue. However, comma, if I were you, I'd listen up.
Your last sentence is 100% correct, its not going to be good for the young people.
When America catches a cold, as the old saying goes...the world gets the flu.
We will see a major recession in 3 years or so. Regardless of who wins in November. And it will be a doozie. Biden might usher it in a little sooner, but either way, Trump will see it in year 7-8 if he wins.
My advice to you my friend, is to sell out any property you own in that market while the sellin's good. Don't hold on for another 20%, because I don't think you'll get it. That market up there is just like a stock with a super-high beta. They crash the worst. That whole tech industry up there, whether you want to admit it or not, is joined at the hip with our tech industry down here. There is lots of Chinese money driving your local RE market up there, and recession aside, tech will move to emerging markets like Vietnam.
Your RE market is gonna crash within 3-4 years. Possibly sooner. Low rates only work for so long in any given local market. The big money scoops it all up. Your average tech salary up there has not marched lock-step with the cost of housing. And make no mistake, several of cities our will crash too.
My advice... I'd give strong consideration to selling out soon and relocating to a lower cost area of Canada, of which I am sure there are more than a few. You will thank me someday.
Now... back to our regularly scheduled ET bs.
