Quote:
Originally Posted by Claeren
There is no way those Airdrie homes are worth 1/2 a million dollars (Or the suburban Calgary homes for that matter). You could build a million of them (literally, and likely more) around Calgary with the land available and there is no way something so easily aquired (no long term scarcity) is worth that much.
The only question in my mind is how far do prices actually fall and/or how long do prices stay flat for inflation to absorb the difference between their real worth and current market price. Either way i feel bad for anyone who paid that upfront, again likely more, 6 months ago.
Claeren.
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so you are in the camp that prices are coming down?
with that said, if i am selling in the same market, will it really matter if i sell and buy on the way down or not? my property in theory will track what i am buying ... so even if i wait for the market to correct, my current house will also get the correction and i am no further behind or ahead.
right?