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Originally Posted by Carl Johnson

This is the same hypothetical put forward by the bears for years. The fearmongers have assembled all kinds of negatives that would impact the real estate market, yet the market has kept going up. These are probably the same idiots who shorted the S&P500 all the way up from the 2009 bottom and lost it all.

Garth at greaterfool.ca recently wrote, "we’re entering that space, it seems. On Thursday there was more to fret over. Loblaws shuttering dozens of stores just months after announcing a big expansion. More losses for the Canadian stock market. Oil now down to just $48 or 25% less than it was three months ago. The dollar at 76 and a half cents, promising a boatload of higher consumer prices. And who can forget the last holy-shit moment from the Canadian Payroll Association? These guys have polled people for six years, and things are nasty. A hefty 51% of all working stiffs said in the last survey “I would find it difficult to meet my financial obligations if my paycheque was delayed by a single week.” Half of everybody. Only one week. Ouch. What does this tell us when 70% have houses and epic mortgages?"

This guy Garth has so many followers despite the fact none of his doom predictions on Canada RE came true because he supposed to be an "expert", even though he is just a failed politician who doesn't know more than you and me. All this data or really just noise gives you the illusion of understanding and illusion of validity about where the market is headed. In truth, the world is a lot less knowable than you think.

If ur gonna throw shit at ppl, at least back it with some facts or a defendable positon