Quote:
Originally Posted by corporatejay
Claeren,
What really bothers me is the people who are flipping and artificially inflating the market. Amateur speculators who are nothing more than leeches.
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They aren't leeches. They are at risk, and might win or lose. They might be dumb, they might be smart. But as long as they put their money and/or credit on the line, so be it, its not any different from playing the stock market.
There are some confusing signs out there.
Things have heated up in the condo market in the last month or two, on a macro level, judging from the mood of some major condo developers for whom I do some work.
At the same time I have 2 friends who have had properties on the MLS for in excess of 160 days without any serious offers (well.... 90+, and then relist....).
The market is sorting out the good property from the bad.
Speculators are trying to liquidate.
With $115 oil, this is a hard call.