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Thread: Imminent Housing Crash

  1. #21
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    ^ It's the usual doom and gloom coming from Sugarphreak.


    When all these kids who voted NDP and convinced their parents to vote NDP, move back into their parent's houses because they have no job, you can be sure the NDP will be kicked out in 4 years.

    The NDP has to move to the center to survive in this province.

  2. #22
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    .
    Last edited by Cos; 12-28-2016 at 03:32 PM.
    Originally posted by adam c

    Line goes up, line goes down, line does squiggly things and fucks Alberta
    "The stone age didn't end because we ran out of stones"

  3. #23
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    Originally posted by Sugarphreak
    NDP is going to totally screw oil companies with heavy royalties... just wait and see.
    To be fair, their platform was a review. Completely open ended. For all we know, they could lower royalties!
    Originally posted by SEANBANERJEE
    I have gone above and beyond what I should rightfully have to do to protect my good name

  4. #24
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    There will not be a housing crash, although I do expect a small "adjustment" of a few percent.

    The NDP won't be as aggressive in this province as they have been historically imho due to a multitude of factors:

    1. Their MLA's have no credibility or experience whatsoever.
    2. A strong/experienced opposition should be able to keep them in line to a small extent.
    3. They view this as an opportunity to build their brand Nationally, and collapsing the economy here would be political suicide.

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    Originally posted by Tik-Tok



    Lol, that's what you truly in your heart believe? Dude, you've gone full retard. They want to stay in power, they aren't going to completely cripple O&G.

    And the USA fucked BC's lumber industry, not the NDP (though they didn't help it either)

    check this out. lol
    http://www.bnn.ca/Video/player.aspx?vid=608442

  6. #26
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    Last edited by Cos; 12-28-2016 at 03:33 PM.
    Originally posted by adam c

    Line goes up, line goes down, line does squiggly things and fucks Alberta
    "The stone age didn't end because we ran out of stones"

  7. #27
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    .

  8. #28
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    Imminent? Holy chill! lol

    Well I downsized and bought a condo. Step 2: Sell my house. I hope I don't sell it for what I paid 10 years ago.
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

  9. #29
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    Originally posted by InRich



    check this out. lol
    http://www.bnn.ca/Video/player.aspx?vid=608442
    So O'Leary isn't going to invest a dime in any company based in Alberta for the next 4 years?

    Rrrrrriiiiiiiggggghhhhhht.

  10. #30
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    Originally posted by Feruk
    I care less and less about the % drop from last year. Since real estate was on a tear January until August 2014, obviously every month will look like a "worse drop" as long as prices stay flat in 2015. But month over month, prices aren't changing much at all. In December they will call a "rebound" because prices were so low last December that the year over year % is negligible. Just stupid.
    I don't agree with you often, but you are on a tear lately

    If housing prices corrected to lets say, 2011 levels... how much of a drop is that? Does that mean the end of the world as we know it? Probably not.

  11. #31
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    ...
    Last edited by Sugarphreak; 08-13-2019 at 09:43 PM.

  12. #32
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    I'm still on the side of minor fluctuations meaning 5 - 10%. A 50% decrease is simply not happening.

    No plans to move, the sky is not falling but certainly some fiscal restraint is in order given the NDP's rise and low oil prices.

    With that said, I would welcome a 50% decline as I've been eyeing a 'lake front' property in Mahogany. Come to Daddy

  13. #33
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    It boggles my mind that people like you think the NDP is going to "suck companies dry" with royalty raises.... How much do you run think theyre raising them by? 10000 percent? Geez calm down..

  14. #34
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    If housing prices dropped 20~25% id be back where I started with the price of my place. I don't think it will get that bad.

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    ...
    Last edited by Sugarphreak; 08-13-2019 at 09:43 PM.

  16. #36
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    Don't scare me Phreak. Let me sell my house first before shit hits the fan.
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

  17. #37
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    Originally posted by rage2

    To be fair, their platform was a review. Completely open ended. For all we know, they could lower royalties!
    TBH I don't think they will touch them.

    I'm not an NDP supporter what so ever but I think they damn well know better than to fuck with the royalties right now.

    Just my $0.02. Time will tell..

  18. #38
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    Market is actually doing pretty good lately. more high-end housing market is starting moving probably starts mid/end of March. On avg the price is about at end of 2013 or early 2014 level. When compared to 2007/08 prices, we are still about 10% higher right now. However I don't think it is overvalued considered it has been 7 years.

  19. #39
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    Everytime something happens you see $30/barrel oil and 50% housing crash threads on beyond...

  20. #40
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    Originally posted by max_boost
    Don't scare me Phreak. Let me sell my house first before shit hits the fan.
    Why are you letting an unemployed guy fear monger you? He's like a BigMass but with a house.

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