tag:blogger.com,1999:blog-31427364.post4898190506784919974..comments2024-03-26T03:52:23.395-07:00Comments on Housing Analysis: State of the Canadian Mortgage Marketmohicanhttp://www.blogger.com/profile/06094213357140749289noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-31427364.post-13989975573373990462008-12-18T09:47:00.000-08:002008-12-18T09:47:00.000-08:00That definition should be enshrined. States like ...That definition should be enshrined. States like California wouldn't be in such huge trouble if they were limited to investments rather than gambling away their pension funds on spec.Unknownhttps://www.blogger.com/profile/04552666254356506181noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-17612271780186811432008-12-17T10:11:00.000-08:002008-12-17T10:11:00.000-08:00I have the same bee in my bonnet patriotz. Guessi...I have the same bee in my bonnet patriotz. Guessing that the price of an asset purchased will rise in the future is speculation by definition - not investment. <BR/><BR/>Investments, on the other hand, should be based on the underlying income or a reasonable projection future income of an asset - corporate earnings, coupon payments, rental income, etc.mohicanhttps://www.blogger.com/profile/06094213357140749289noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-55209892876861922942008-12-17T08:57:00.000-08:002008-12-17T08:57:00.000-08:00[A] key difference between Canada and the US is th...<I>[A] key difference between Canada and the US is that an “investment motive” – buying based on expectations of price gains rather than based on real needs</I><BR/><BR/>Buying on expectation of price gains is speculation, not an "investment motive". Buying a house to receive rental income without expectation of capital gains is certainly an investment, just like any other income investment like preferred shares or bonds.<BR/><BR/>Sorry if I sound like I have a bee in my bonnet but I don't like "investment" equated with "speculation". That's about 99% of what's wrong with our financial economy today IMHO.patriotzhttps://www.blogger.com/profile/11154064267408955762noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-44578489013525536942008-12-17T08:37:00.000-08:002008-12-17T08:37:00.000-08:00I am just shocked at the Home Equity Line of Credi...I am just shocked at the Home Equity Line of Credit adoption and usage statistics. This is a very big problem that will weigh heavily on the national economy for quite some time I expect.mohicanhttps://www.blogger.com/profile/06094213357140749289noreply@blogger.com