Daily news service
The experienced and highly regarded advisor created waves in the mortgage industry this year when he published a book predicting a coming crash in the Canadian housing market. According to Macbeth, advisors will be handling a decade-long challenge: Baby Boomer clients who helped their kids buy a house will have to be convinced to resist cashing out stock portfolios to help fund children struggling with stagnant and falling home prices. It’s a provocative but perfectly rational conclusion based on his assessment of consumer debt levels and home price trends – the controversial book is a must-read for advisors.
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