Update: Information has surfaced connecting the reporter in this story to another communications company as well. See our follow up post here.
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Of course if CBC-TV and CTV-TV knew they were actually talking to two MAC employees, do you think they would have run the feature?
Not a chance, because the deception cuts to the heart of journalistic integrity.
Yep... that's the same Allan Hoegg who works for Team RRP.
In 1995, Allan and Karin Hoegg were mortgage-free. But no more: today their Vancouver home is a valuable source of income as they plan for full retirement.
Sean Morphy and his wife got a very competitive mortgage rate when they made the jump to home ownership a little over a year ago but it took a long-term relationship with a mortgage professional to get them there.
Allan Hoegg says when their son and daughter-in-law wanted to buy a house, they took out a variable-rate mortgage so they could help them out. “We wanted to take advantage of the stability of the current rates.” To cover the mortgage payments, they rent out a suite in the home to students.
The couple also established a home line of credit that allows them to free up cash for investment purposes when they need it. “It gives you maximum flexibility and you can pay it any time you want without penalty,” he says. “It’s dead easy.”
Like many people planning their retirement, there’s a sentimental side to keeping their home, he says. But there are just as many practical reasons. In the Hoeggs’ case, selling to downsize would mean substantial commissions and moving costs. “Besides, real estate is a very good investment in Vancouver,” he says. “The longer we can stay here, the greater the possibility of no-tax capital gains.”
Doesn't the Financial Post have an obligation to tell us Hoegg is actually an employee of the company featured in this story?
Could it be that the the Financial Post didn't do any fact checking (and simply accepted this article from a communications company) because it was submitted as a paid feature dressed up to look like a "news" story... something similar to what we saw in the Vancouver Province?
Someone out there has to step up and protect the public interest. Prominent disclaimers should be mandatory if this practice is be allowed.
When did our print and television media become an endless source of contrived "news" to promote the real estate industry?
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