Meeting Up with Garth Turner

Me and Garth Tuner

Garth Turner is a best selling author, blogger, public speaker, financial commentator and former Member of Parliament for the Conservative Party of Canada. Garth Turner’s style is that of the rebel and that got him into a lot of trouble. So much trouble that the Conservative booted him out of the party on live TV and he ended up being a refugee Liberal.

Now a days, Garth flies around the country and tell rooms full of people that the sky is falling. The only problem is, he maybe right. Garth writes most of his ramblings at Greater Fool, a blog about the trouble future of real estate. Garth’s newest book, After the Crash, offers advice and strategies to deal with the current real estate mess.

I had a chance to meet up with Garth Turner at the Northview Golf Club. He was there to give a keynote presentation to packed room of concerned home owners. The reception Garth received wasn’t exactly heart warming but that was understandable. After all, what home owner want to hear that the value of his house is going to drop a minimum of 30% this year and that will put his mortgage under water?

I actually enjoyed Garth’s speech. I like his no BS, cut to the point, matter of fact style. Mind you, nothing in his keynote made me change my mind about my current investment strategy. However, my wife now wants to sell off all of our real estate holdings. Thanks a lot Garth!

Garth is a great example on how to use a blog to make money indirectly. Garth’s blog doesn’t have any advertising other than his own books. However, what the blog does well is sell Garth Turner as a public speaker. I’ve been paid as much as $1,000 plus travel and lounging to be part of a panel. I would imagine giving a keynote commands a lot more. Garth made seven keynotes during his BC trip. I’m sure that’ll cover next month’s rent.


42 thoughts on “Meeting Up with Garth Turner”

  1. robert klein says:

    If you invest for cash flow, you eliminate the effective risk of appreciation/depreciation. I picked up a duplex for 99,000. $1390/month rent, $700/month total expenses. I Make $490/month cash flow. If the property increased or decreased, it would not matter, meaning that I would not be affected versus a Vancouver buyer who is banking on the appreciation.

    1. Wouldn’t you have to drop your rent as the price of the house decreased in value?? I would think that a renter woudl not be willing to pay as high a rent, if the guy next door is renting the same place for half the price!

      1. robert klein says:

        Government actually pays the rents. It’s average rent values…It’s slum lord style.

        1. Yes but you forget the “risk of appreciation” is a good thing.

          You’ve eliminated risk but you’ve taken the 10 year road to profit.

    2. Jake Stone says:

      Hello Robert, lots of Rich Dad Poor Dad believers are now in trouble as they got caught in the tidal wave of rising interest rates. Sometimes it is not enough to be safe from property price fluctuations.

  2. Manori Money says:

    Waaaooowww… That sounds pretty interesting. Did you get to ask him some “insight questions” if so we love if you could share them with us. As far as his rent goes I am pretty sure it covers it. John if you get a chance please do check out my blog and read the recent post. It is about a new idea I had and I would love your input.

    1. You should have taken a copy of his book to review and let us know what it has to offer?

      1. John Chow says:

        I am reading Greater Fool and After the Crash right now.

        1. Jake Stone says:

          Care to shed any light to your investment plan in regard to real estate. I recall you went to check out some huge property earlier…

  3. His book surely doesn’t get much praise.

  4. I guess I dont have so much trouble for that, I only barely have one house and its already paid,

  5. Michael Zhao says:

    John is one tall Asian dude!

  6. Sure, the real estate market can go both ways. Depends on what side you are on. You and Garth seem to share the same no BS approach and money follows you. Its all about keeping it real. Especially during this time.

    1. SEO Tips says:

      Yeah I definitely agree with you here.

  7. Silvia says:

    It was very pleasant to get to know about Garth Turner.I have never heard of him.John introduces him as a remarkable personality and his blog worth reading.I am curious about him.

  8. Anonymous says:

    Garth Turner is a fear monger who fulfills his attention seeking needs by instilling fear into people across the country with blatant disregard for the effects his opinions have on the very markets he speaks about. He creates a self fulfilling prophecy by using his perceived author expertise to affect markets which he has no business impacting. He fails to allow open debate on his blog by editing and deleting comments which oppose or disprove his ramblings. He is very much the Michael Moore of Canada, skewing facts, and promoting propaganda that serves his own personal agenda as opposed to the greater good of the community.

    1. John Chow says:

      Your comment would have had more impact if you used your real name. And surely you know that everyone, epically anonymous people, have a personal agenda.

      1. Anonymous says:

        Yes John, you are likely right. But I have learned from past experiences on Mr. Turner’s blog that if you write something that he may not agree with, he will either edit or block you from being able to comment.

        As I like your blog and commenting on it, I would rather remain anonymous so that I am able to continue to comment, even though my gut tells me you would not block somebody from commenting anyways.

        Just being safe.

        1. John Chow says:

          I never block or ban people from commenting from on my blog. As long as you don’t spam the blog with affiliates links, your positive or negative comments are welcome. The only time I edit a comment is to **** out the F word. Spam comments are deleted.

          1. Anonymous says:

            Perhaps this conversation will lead Mr. Turner to take the same stance on editing and blocking comments.

    2. So you’re saying he’s another Dick Cheney?

  9. Everything is so topsy-turvey right now and who knows when things will stabilize. I think I’ll invest everything I have in Kleenex, because of all those shed tears that’ll be on the way in the upcoming years all over the world…

    1. Brendan says:

      I’d go for the booze man.

    1. Maximum Revenue + Exposure (As John says it :P)

  10. yulius says:

    congrat jhon for your good day

  11. I’m assuming he means real estate in Canada because I know real estate agents here in the US who are doing beyond excellent in this economy.

    1. Jake Stone says:

      We have our only US representative in Montana and he happens to be doing marvelously. He is building luxurious log homes for selected clientele, however during boom he is not experiencing any sort of extra push, more the opposite, his costs are rising. So, some people benefit from downturn and some are hurt. Volatile times do offer brilliant opportunities.

  12. This Garth Turner seams to be a cool self-promoter. Though I never heard of him, it was interesting to find out someone can actually promote himself that way.

  13. I think I need to buy his book, looks good.

  14. Jason says:

    Garth Turner is a horrible person. He does not care about anything but himself. He ruins small tourist towns by buying the general store and selling ‘premium’ items at hugely inflated costs so that people who live there have to drive to the next town just to get milk. Yes, I’ve lived in one town in Ontario that he did that to. Now the general store is just an empty building. Thanks Garth, you’re a great guy. At least he got his money out of it.

    1. Wow. Tell us how you really feel.

  15. Listening to speeches and reading books which says “Real Estate value will drop by 30% in the following months” and then selling off your property would be stupid !! No one can predict the future.. You need to create it yourself! 🙂

    Don’t sell ANYTHING off until you really need money or your sure of what your doing.. You never know, the real estate prices might just shoot up tomorrow 😉

    1. Jake Stone says:

      We both know they won’t.

  16. Mark Wilson says:

    I missed him in Kelowna but he a little too pessimistic for my liking anyway.

  17. I’ve not heard of Garth Turner but I’ll be sure to read his blog now that John has mentioned. Thanks for sharing.

    Peter Lee

  18. Silvia says:

    I like his blog and the way he promotes his book.

  19. I never knew about Garth

  20. Wait a sec. I have read his blog once before

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