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reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004
Location: Vancouver
Posts: 10,645
Thanked 2,191 Times in 1,131 Posts
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Not trying to shit on fellow RS but this thread have started in 2012 and now it is 2104 and there still haven't been that bubble burst. I mean sure price might be stable or decline but I don't see a burst anytime soon.
Interest rate seems to be down and I think it still stay down till next year. I think if people wants to buy a place to live in for the next 15+years I don't see the reason not to go into the market. Real estate is meant to be a long long investment (10+years). With renting you are always renting, but if you purchase after the mortgage is paid off, all you really need to pay is starta fee (assuming is an apartment, town home) and property tax.
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