you're right. that's the catalyst for this last surge before the cliff.
once HST kicks in, we will see what happens.
If you can sell and rent or live with your parents or family members for a few months and pay them rent, don't be freeloader.
Feb 11th, 2010 7:59 am
you're right. that's the catalyst for this last surge before the cliff.
Feb 11th, 2010 9:07 am
Garth's blog is that-a-way man.KawaiiTentacleBeasttheBlogDog wrote: ↑Real estate is unique, it doesn't need to obey fundamentals, it can't happen here and this time it's different
Feb 11th, 2010 10:09 am
Hey now... Not gonna say anything more than this, "the market can remain irrational longer than you can stay solvent". I am confident I will be proven correct over the long run though. 1989 had massive bidding wars against the backdrop of a weakening economy, and the prospect of the GST coming into force. Sounds familiar?
Feb 11th, 2010 10:22 am
Well can't almost anyone be right in the long run?pitz wrote: ↑Hey now... Not gonna say anything more than this, "the market can remain irrational longer than you can stay solvent". I am confident I will be proven correct over the long run though. 1989 had massive bidding wars against the backdrop of a weakening economy, and the prospect of the GST coming into force. Sounds familiar?
Feb 11th, 2010 12:38 pm
you wont be around for that though, therein lies the trick.speedyforme wrote: ↑Well can't almost anyone be right in the long run?
I can predict there will be another Ice Age.
Feb 11th, 2010 2:01 pm
Feb 11th, 2010 2:21 pm
Feb 12th, 2010 2:39 am
Your good at dealing with baldness. And some stocks.pitz wrote: ↑Hey now... Not gonna say anything more than this, "the market can remain irrational longer than you can stay solvent". I am confident I will be proven correct over the long run though. 1989 had massive bidding wars against the backdrop of a weakening economy, and the prospect of the GST coming into force. Sounds familiar?
Feb 12th, 2010 2:39 am
Feb 12th, 2010 9:59 am
1989 also saw the first boom of condo development within Toronto. People were buying 2, 3 or more condos for the sole purpose to flip them...it was euphoria...there were untold countless numbers of empty condos....are we there now? I don't think so. Prices are rising, but people are actualy living in the houses/condos.pitz wrote: ↑Hey now... Not gonna say anything more than this, "the market can remain irrational longer than you can stay solvent". I am confident I will be proven correct over the long run though. 1989 had massive bidding wars against the backdrop of a weakening economy, and the prospect of the GST coming into force. Sounds familiar?
Feb 12th, 2010 10:09 am
give everyone a good tip, please!
Feb 12th, 2010 11:27 am
Feb 12th, 2010 12:07 pm
Feb 12th, 2010 5:56 pm
0% down loans weren't happening in 1989 though. They are today. So one set of crazy circumstances, supplants another. The outcome is always the same; houses must revert to affordability on an average family's salary, without exotic loan inducements or teaser rate financing, in the long run.nalababe wrote: ↑1989 also saw the first boom of condo development within Toronto. People were buying 2, 3 or more condos for the sole purpose to flip them...it was euphoria...there were untold countless numbers of empty condos....are we there now? I don't think so. Prices are rising, but people are actualy living in the houses/condos.
Feb 13th, 2010 1:28 am
Garth has been very unsuccessful anytime he attempted to make time-specific predictions. So he changed to more general predictions aka "when the interest rise, house prices will fall" - which doesn't take Nostradamus to predict. If he is back making specific, concrete predictions, I predict he will fail miserably Because nobody can time the market. And crowd reaction. And government reaction to crowd reaction. And so on and so on...
Feb 13th, 2010 6:37 pm
Feb 13th, 2010 8:35 pm
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