Quote:
Originally Posted by iEatClams
I dont see it happening imho. Too many articles on a crash. Every year its the same thing and market has been relatively flat. People predicting crashes wont see it happening soon. Although i dont see it dropping 30%, i also dont see it appreciating either. Most likely market will be decreasing a few % per year or stay flat.
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Pimco did not predict a crash in their call. Just a 20% price correction over 5 years which is pretty mild. It's funny how quick people think RE price always go up forgetting what had just happened in U.S. back in 2006. We might have simply just delayed it. At the end of the day, Pimco prediction don't mean jack to me. I ain't touching Van RE based on my own DD. Why would I lock myself in a gargantuan mortgage for the next 25 years in a city that hardly pays a respectable wage. Best city on Planet Earth? F that.