Quote:
Originally Posted by Brewmaster
I'm not so sure that I understand your argument about liquidity. If lending was increasing at an enourmous rate, wouldn't that mean more people were getting morgages, which would increase the demand for houses and thus the prices?
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Not to answer for him, but I think that's exactly what he's saying.
A bubble would look just like you're saying where prices would be going up, more people would be buying and lending would be going up at an enormous rate; all until some point where the bubble bursts.
All things not currently happening in Calgary.