Our inventory is still way too low to make a marked drop in pricing. Lots of ON regards still pouring in
Our inventory is still way too low to make a marked drop in pricing. Lots of ON regards still pouring in
Ultracrepidarian
Creeps and bums.
Canadians are going to get squeezed hard.This quote is hidden because you are ignoring this member. Show Quote
Especially if US drops interest rates which it's appearing they'll begin. Canada to follow? Ha that's going to rip the roof off.
Thoughts and prayersThis quote is hidden because you are ignoring this member. Show Quote
I can eat more hot wings than you.
You are smoking something special if you think the real estate market will collapse anytime soon. How about never.This quote is hidden because you are ignoring this member. Show Quote
Last edited by 89coupe; 04-26-2024 at 04:29 PM.
Always a good time to buy, always a good time to sell.This quote is hidden because you are ignoring this member. Show Quote
Amirite?
you also predicted 3500 spy lolThis quote is hidden because you are ignoring this member. Show Quote
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don't think rates going down tho, they called for several rate cuts but doesn't look like any is gonna happen ....This quote is hidden because you are ignoring this member. Show Quote
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
5yr bond almost hit 4% again yesterdayThis quote is hidden because you are ignoring this member. Show Quote
Ah yes I forgot
I usually just heloc and no mortgage
Living life high on interest only
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
Do you think housing will be unaffordable for younger generations forever?This quote is hidden because you are ignoring this member. Show Quote
You think there’s zero chance… like actually literally zero chance, that we’ll see another real estate crash forever? Like never again?This quote is hidden because you are ignoring this member. Show Quote
You know there’s been two in the last 100 years right? Just because the cycle is longer than your career as a realtor doesn’t mean it’s no longer cyclical.
I want what coupe is smoking lol
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
I don’t feel home prices will drop significantly anytime soon, if ever.This quote is hidden because you are ignoring this member. Show Quote
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What is your idea of a crash? What percentage?This quote is hidden because you are ignoring this member. Show Quote
A material amount. Say somewhere between the 2008-10 recession and the depression in the 1930s.This quote is hidden because you are ignoring this member. Show Quote
You keep saying recession but what data do you have showing home prices dropping significantly in Calgary at any of these years you are mentioning?This quote is hidden because you are ignoring this member. Show Quote
After 06, things slid anywhere from 10-20% from peak and was stagnant for a good 15 years before this current wave. But who knows what the catalyst will be this go around. Average home values are now 700k vs 500k before. 2% inflation over 15 years it’s about right , right lol
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
I never said anything about Calgary. Regardless, I feel like you’re the guy that has that information. A random google will tell you that things dropped between 5-10% per year in Canada and the USA in that period.This quote is hidden because you are ignoring this member. Show Quote
That’s all I was trying to do, get a percentage from you. I’ve looked at the data and yes, prices pulled back slightly but not enough to make a massive impact.This quote is hidden because you are ignoring this member. Show Quote
Cost of labour, materials, land, all will continue to rise. Even if we had a 20% drop in home prices, it wouldn’t help the younger generation really.
A recession would help with interest rates but what happens after a recession, if history repeats itself.
Weren’t there a lot of crappy homes built during the 07 rush? I wonder how those are holding up now.
Same thing today, a rush to build things, is quality gonna be good?
The custom market will always be good tho as they got all the good trades.
Also coupe I think 20% on 700k would help lol but if overall economic environment sucks then maybe not idk
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
I think we would need 2% interest rates again but I’m not sure that is going to happen anytime soon.This quote is hidden because you are ignoring this member. Show Quote
I would say 95% of new homes are built below average. Highly recommend a good home inspector if buying pre existing or building. I’m terrified of all the new infills and renovated homes that are hitting the market.
If you want to be entertained, follow Nook & Cranny homes on Tik Tok
Marty is hilarious.
Thankfully for my kids we will be able to give them real estate, the younger generations need that edge to get ahead now.