Quote:
Originally Posted by meme405
Yep.
I mean just look at all these people waiting around for prices to dip. As soon as prices go down even a little there will be a flood of people who have been waiting for a correction in the market starting to snap up property, and that will curb the drop to a minimum, or maybe even just level it off completely.
All these people waiting for a drop of 50% are insane, it's just not gonna happen.
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don't try to catch a falling knife.
if prices start to drop, those people on the sideline may be too afraid to buy a devaluing asset.
also, if prices start to fall, this may result in an overweight effect on the economy given how much of the Cdn economy is in real estate (and ancillary industries)