I found this comment about the interviewee, Mac Cohodes,
Not that I disagree with some of his position. But he is naive to ignore the local buyer who has money and is taking capital from a recent sale to purchase multi-million $ property.
"Actually- the interviewee is pretty biased since he has shorted a major mortgage provider, Heritage Capital. The more fear he causes = the more people will stay away from the real estate market or get out of it = the more he stands to earn with the millions he has invested in shorting this mortgage provider and other similar Canadian firms.
Living close to San Francisco where he has experiences first-hand sustained increases in real estate regardless of the market year after year decade after decade I think he likely understands Vancouver’s draw. He entered his shorting strategy based in Canada based on a company or two that he feels are susceptible to failure. He did NOT short our charter banks and admits they are too diversified and strong to fail- unlike the US experience.
Therefore, because of his own personal investments he MUST try to drive the market down. Otherwise, he will stand to personally lose millions and millions in investment dollars (we are talking tens of millions if not hundreds of millions).
Therefore, of course he is going to be Trump-like in trying to say things to cause individuals to “believe” what he “believes”.
CKNW- shame on you for coming up with such a biased individual to interview for sensationalism! Can’t you find someone far less biased than him or for that matter any type of investor? Can’t you stick to researches who have nothing to gain or lose and can talk honestly and housing trends and what they see or don’t see? Or are interviews with those that conduct real research and understand it far too boring for you and do not draw potential listeners to stay listening.
Where did all of the REAL interviewers that used to work for CKNW go? Oh yes, they retired!"€