Quote:
Originally Posted by Ludepower
Doomsday predictions by people who dont live here have no merit.
When the crash ever comes. The 50 buyers crammed in an elevator looking at a 600sq downtown condo will still be buying. Or the Pre-sale condos sold out in the first day to employees and realtors before the public has access to it will still sell like hotcakes.
Our situation is unique and doesn't follow your typical economics 101 class.
Make more money or accept living past the port mann bridge.
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Here is investment 101: crash is caused by more sellers than buyers. In any crash situation, you wont see 50 buyers in an elevator. That is why price crash. More buyer than seller, there is no crash and price keep going up.