Strict mortgage rules and a centralized and conservatively managed banking system helped Canada sidestep the kind of real estate collapse that afflicted the United States in 2008. (nytimes.com)
One of Genworth Financial's main business lines is mortgage insurance, so you can guess that the recent real estate collapse wasn't exactly great for their bottom line. (fortune.com)
In 2006, he wrote a prescient cover story for Harper's entitled «The New Road to Serfdom: An illustrated guide to the coming real estate collapse.» (michael-hudson.com)