via Financial Post - Housing Bubble Hubris

I don't know if anyone realizes that there is no equity in drawing credit from your home unless you diversify into something that indemnifies you from counterparty risk, such as your mortgage lender, or price declines. The housing bubble consists solely of credit, not equity, as people claim. You can't average down on a house by buying more houses.

There would be no greater opportune time than at present to attract investment before credit shuts down completely for the mining sector, which has been given every advantage to practise extraordinarily asinine megalomaniacal schemes, to present their business plans.

You have to wonder what strange malefaction infects GBN.V management, with prodigious assets, and a scorched earth policy aimed uniquely at the shareholders.

http://business.financialpost.com/personal-finance/mortgages-real-estate/forget-gold-buy-a-vancouver-condo-if-you-want-to-hoard-your-wealth-says-worlds-biggest-money-manager