Quote:
Originally Posted by 4444
What?!?!
As rates rise, affordability decreases,
I have no idea what ur post was trying to say
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you are an idiot...go take some economic courses and read more world news on RE price.
People have been saying the marketing will drop for the past 10 years, like 604STIG said, sadly the constantly low interest rate and foreign demand have driven more cash into the RE market. The current market has accumlated a lot of buying power over the past few years, let's say a 600K apartment drops to 500K, it will fill up the gap much quicker. You can say it will drop 80% all you want if they ban the rich Chinese coming into Canada, the reality is never unless the supply goes up substantially.
Quote:
Originally Posted by jasonturbo
Housing bubble won't burst because, I heard that the median household income in this city is expected to increase 200% just like the price of housing did lol...
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In theory, yes, but how likely your boss will give you a 200% raise? by the time you receive 200% raise, then all the goods you can buy out there will raise more than 200%. How about $12 for a mcdonald meal? and everyone will be driving S class and R8.
