Quote:
Originally Posted by Winsor_Pilates
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.
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Aren't all those things EXACTLY what happened in 2006 and 2007 in Calgary? By lowering the interest rate the government delayed the bursting of the bubble?
For the record I don't think we are going to see housing prices cut in half. We are due for a pretty significant correction in my opinion.