Thats all you got? Why don't you pull up some facts about your claims of steady housing price reductions. We're all still waiting on that one. Last I checked, those who bought in the 70s are filthy rich today... if they held on.Mark77 wrote: ↑Toronto RE took a decade to recover from and return to the 1989-1990 highs. That's a lot more than just a 'couple years'. In the meantime, the stock market tripled and interest rates fell substantially.
Someone who took their 25% housing down-payment in 1990, and, invested it in stocks (ie: the TSE index, TIPs, the predecessor to XIU), a decade later, basically had almost enough to buy the house outright. While the mortgaged homeowner basically made a decade worth of payments and only had the paid-in equity to show for it.
edit: similar deal in Vancouver, slightly different timeframes.
edit: also the fact that in hindsight everyone sounds smarter.. we're looking at an overall picture... not a blip in timeline that you keep quoting.
edit #2: I think I am being sucked back into Mark77's well of opinionated gravity. It's a realm of no facts and pure conjecture.