Quote:
Originally Posted by Winsor_Pilates
I'm still trying to grasp your baby boomer argument and the collapsing Canadian economy.
All economic forecasts I've read seem to think Canada's economy will grow, GDP will rise and population will increase.
Calgary and Alberta in general seem to have even more favorable forecasts than the rest of the country.
Is this just your personal theory? or do you have economic sources to substantiate this upcoming doom?
Japans housing issues seem to be part of much larger economic issues they've had. Decreasing population, no immigration, lowered GDP etc.
Since you're expecting Canada to follow Japan, are you expecting all of these things to happen in Canada as well?
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You already asked this question and I already answered it.
Posts 1363 and 1365.
And I want to reemphasize that I am not saying it is all domo and gloom, what I am arguing is that there is very little upside to the market. And since rents are substantially below carrying costs it makes far more sense to rent than buy until fundamentals significantly change - which may not happen for 5 or 10 years (or much longer).
Claeren.