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Chapter 1: What is the main topic discussed in this episode?
If it was such a good deal that the government is getting, why wouldn't somebody in the private sector have come in already?
There are, at least in my market, adequate opportunities for the private sector to capture some of this. The private sector is elected not to because the most likely purchasers for this are very afraid of the asset class.
You can't price it for enough people to become a market maker, to take back the marginal buyer control from the government, let's say in this situation, to liquidate all of these properties.
Wait a second, wait a second.
Chapter 2: What is the Canadian Condo Bailout and why is it controversial?
If the prices went down 75%, the idea that nobody would ever buy these dog crate condos, I don't believe that.
From where you're sitting, is there a great opportunity for the Canadian energy field or is it sort of plateaued and there's really not a big opportunity?
The problem Canada has in terms of its oil sector is a version of the United States has with its oil sector, which is the environmental lobby. Oil has been vilified, considered a dirty commodity, went through years of trying to get the Trans Mountain pipeline built, and there's resources there and there's a proven technology.
It's stable politically, but getting a pipe built has been extremely difficult. kind of anti-oil lobby, anti-carbon lobby. That is the big problem that the U.S. and Canada have faced.
Chapter 3: Who are the key players involved in the condo bailout?
But Canada's growth prospects are actually pretty strong.
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Visit neighborhood.com or check out the link in the description to learn more. This is not advice. Consult a professional advisor before investing Looney in any of these investments. Visit neighborhood.com. Welcome back to Looney Hour episode 248. As always, join me with three amigos, Mr. Rich Diaz, Keith Dicker.
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Chapter 4: What are the potential consequences of government intervention in the housing market?
What's going on, Richard? What's up?
What's up? I'm sorry to all the Ronaldo people. I was wrong. He scored two goals.
Chapter 5: How could the condo program affect housing prices in Canada?
Someone gave me crap on Twitter. I gotta love Twitter. But I'm on the road again. I'm on the road again. I can't exactly explain why.
Chapter 6: What are the implications of the current energy market trends?
On the road again.
But I was offered a trip of a lifetime. And if you read between the lines, you can probably figure out what I'm doing. I'm never going to reveal just yet where I'm going. Next week, I'll tell you guys all about it. But yeah, I'm on the road again. I was invited to go to an amazing, amazing place. Let's just call it an engineering marvel. And I'll just leave it at that.
And I'll explain more about what's going to happen. I'll give you another clue. Tim Hodgson is mentioned in a huge press release, press announcement or whatever. But yeah, next week I'll pay it off. I'll tell you guys all about where I'm at and who I'm going to go see. But that's it.
Chapter 7: How is the geopolitical landscape affecting oil prices?
I know that's a little bit...
It sounds like the new parliament building in Ottawa. Is that it?
No, no, no, no. No, no. Unlike that, it's not a total colossal waste of money. Let's say it's extremely productive and good use of cement. Anyway, how are you doing, Keith?
Keith is good. Hey, guys, I did. I was a guest on Ron Butler's angry podcast. Mortgage. Angry Mortgage Pod. You don't even remember the name. Angry Mortgage Pod. Everyone knows Ron, of course. So, yeah, yesterday, Ron and I had a real nice conversation for about an hour. So check out Ron's podcast. It should be out today, I'm assuming. It is good. He does a good job. Yeah.
He's such a nice man, a gentleman, really nice conversation and everything. But check that out.
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Chapter 8: What challenges does Canada face in its oil sector?
You know what struck me the most is that Ron has a better wine palate than you. What?
Yeah.
Well, we all shared some wine and some nice food there a few weeks ago, along with one of our guests. We have two guests today. So we had Ron and another person there. So you can drop that as well.
Should we spoil it right now? It's a twofer.
What's that?
It's a twofer. Twofer. Actually, you know what? I don't know if we've done this before. Have we done this before? I don't think so. All right. I will frame this up. So... First of all, we had a guest lined up. We typically book our guests weeks in advance. We have Mike Rothman, first and foremost, that was coming on the show.
For those that aren't familiar with Mike Rothman, he is one of the most sought-after names in the global energy markets, particularly around oil. markets. I'll read out his bio, bio as we get closer to the, to the interview, but super, super smart guy. We're really excited to have him on. But then of course we had this like condo bailout that was announced during the week.
And we're like, Oh my God, well, we can't not talk about this. We can't have a whole show just talking about energy and not talk about one of the biggest events I think in Canadian sort of finance or macro and And so we are going to bring on Daniel Foch. Dan's been to several of our events as a guest panel speaker. Super smart guy. He's a real estate broker. He's part of a brokerage.
He's done lots on the investment side. He runs the Canadian Real Estate Podcast. So this guy's plugged in. So obviously, you know, it's interesting because Dan was – Basically, I think he's like publicly the first guy that basically said this was going to happen like two years ago. And he got ridiculed.
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