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Rob Carrick's Reader: When the housing market tanks

The best of the Web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

When The Housing Market Tanks

An American personal finance blogger reports on what it's like to sell your house and take a $50,000 loss. Could that happen here? I recall losses in that zone in Toronto about 20 years ago.

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Bugged About Drugs

A highly effective diatribe aimed at persuading people that generic drugs are just as good as name brands, only cheaper.

Some TLC For GICs

Why are GICs a good substitute for bonds? This post by the Balance Junkie blog argues that GICs can offer higher rates in many cases, and they won't fall in price as interest rates rise.

The Rundown on Renting

The potentially nasty tax implications of renting out your home.

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Editor's note: If you don't receive Rob Carrick's newsletter twice weekly by email, you can sign up to get it for free at The Globe and Mail. All you need to do is register for the site, or if you've already registered, login and go to your profile at the top of the homepage. Once you're in your profile, look under Newsletters and Alerts and look for the Personal Finance Reader and other newsletters. Other financial newsletters include: Business Ticker, a summary of the day's top business stories; Berman's Market Update, a summary of the markets at the open, noon and close; and All-Star Investors, a monthly collection of articles exploring an investing trend or theme.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998.Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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