Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

Tron_fdc · 04-21-2010, 09:42 AM

I'm starting to think that the huge "blips" in the market in Calgary are due to a few different factors, but have a lot to do with the average income in this city. People so far have been able to either rent out their spec home, or can afford to hang onto it until the market "corrects" itself.

This would kinda make sense, as we can see that according to those graphs there are wild spikes in inventory, which IMO are people trying to dump rentals/spec homes to get out of the market, but have been waiting for the right time to do it.

I would think that if our economy completely collapsed like Vegas or Atlanta did over the last few years (approx 15% unemployment), we would have been SCREWED. People would be foreclosing and dumping inventory like crazy, and the housing market would have collapsed.

Thank god for oil I guess!

04-21-2010, 09:42 AM	#851
Tron_fdc In Your MCP Join Date: Apr 2004 Location: Watching Hot Dog Hans Exp:	I'm starting to think that the huge "blips" in the market in Calgary are due to a few different factors, but have a lot to do with the average income in this city. People so far have been able to either rent out their spec home, or can afford to hang onto it until the market "corrects" itself. This would kinda make sense, as we can see that according to those graphs there are wild spikes in inventory, which IMO are people trying to dump rentals/spec homes to get out of the market, but have been waiting for the right time to do it. I would think that if our economy completely collapsed like Vegas or Atlanta did over the last few years (approx 15% unemployment), we would have been SCREWED. People would be foreclosing and dumping inventory like crazy, and the housing market would have collapsed. Thank god for oil I guess!