Former Lehman Trader: Here’s How I’m Shorting Canadian Housing
Video length 00:02:17
Home prices in Canada are “goofy” expensive.
That’s according to former Lehman Brothers trader and New York Times Bestselling financial author Jared Dillian.
Dillian is a professional investor who trades stocks for a living. House prices in Australia, Canada and Sweden are all crazy right now but “Short Canada” is one of the biggest trades in his portfolio right now.
As you surely remember, U.S. housing surged to bubble prices in the early 2000s. A few smart investors who saw the crash coming made a killing. They made billions betting against U.S. homebuilder stocks, U.S. banks, and other U.S. sectors.
Dillian believes betting against Canada today could generate similar large gains.
Consider:
- The average Toronto home has appreciated 42% in the last two years
- The average Vancouver home has appreciated 57% in the last three years
- A run-down, 86-year-old Vancouver home recently sold for $2.4 million
In the following two-minute video extract, Dillian shares the details of his Canada trade. You’ll learn why traders who short Canada could stand to make huge gains. And you’ll learn the two key “short Canada” trades he has placed.
Disclosure: None.
Good clip.