Downtown Calgary & reading your messages | vlog#9/30
Disclaimer: This video contains coarse language and if you're offended easily by such, please do not watch the video.
Hello everyone. Stay for my bonus talk at the end about enjoying the grind.
Thanks all for watching. In today's vlog, I'm in downtown Calgary. The amount of unused office space is just unbelievable and it's easy to toss it to the side as normal but it's not. This was happening before the pandemic and Calgary has been like it for years. The new reality is more and more businesses are closing in Calgary. Unemployment is above 10% and nobody in any government is doing anything about it. Good old Tiff Macklem's ridiculous monetary policy and quantitative easing are causing artificial prices for certain assets like houses. I also read a message that a viewer sent me. He points out that his friend who is Realtor says "not to buy right now" and every other Realtor he speaks to says "now is the time to buy" and for most, they will follow the herd. It's actually interesting because in Calgary if you look at when the peaks of activity have been in real estate it is always right before prices substantially go down. So much for a sure thing? Anyway, I'm trying to cover what nobody else is covering. It's a story that isn't pretty but is the reality. I just hope people see this and prepare! My goal is not to create fear but help people wake up and prepare!
I can't believe we are 30% the way through this challenge. I'm actually really starting to enjoy this now as I feel like I'm speaking my mind more on these vlogs. Thanks for listening and thanks for watching. Keep those comments coming and you guys are the reason I do this.
Want to talk? You can message me on Instagram @lukelivingincanada
Thanks for watching and peace✌️
#calgaryrealestate #canadarealestate #calgarybusinessclosure #calgaryeconomy #canadaeconomy #housingmarket #businessmarket #canadianhousingmarketcrash #calgaryghosttown #calgaryunemployment #trudeauout
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