Quote:
Originally Posted by burn_this_city
This is one of those threads where a lot of people were right, at different times.
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Yup, it's not a matter of being right or wrong. The data and viewpoints continually flow in and change over time. The discussion is good.
Quote:
Originally Posted by Table 5
I think people wouldn't mind seeing a bit of a crash because they think housing prices in Calgary (and by extension Edmonton and Saskatchewan) are out of whack with common sense, and would like them to come back to more sane levels so they can buy in.
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Crash or correction, a shift back to long term fundamentals would diversify the economy a bit. Rather than throwing money into a single sector/something that might be unsustainable, households could potentially be diverting those funds to other sectors which would make any recovery more robust and less fragile going forward. A bit like not having all your eggs in one basket? And of course, the worry that increasing rates of household debt may not be sustainable forever.
http://www.theglobeandmail.com/repor...rticle1735997/
Construction jobs, which have accounted for about 33 per cent of the job market’s recovery post-recession, are largely dependent on a booming housing market. And with housing starts expected to tail off in the next year, the jobless rate will likely rise as construction companies lay off workers.