Quote:
Originally Posted by ranchlandsselling
This thread was started almost 4.5 years ago and there's been no massive fallout in Calgary.
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You don't think the price declines seen in Calgary since 2007 are serious? It's not Phoenix style or California style but a lot of CMHC insured buyers who bought back then are underwater right now without any further price declines from here. I don't really view the tone in this thread as apocalyptic but rather initially as an attempt to provide rational thought into what was at the time an irrational market. The lack of real estate price appreciation since the thread inception is actually evidence that a lot of people were correct.