Quote:
Originally Posted by Cowboy89
Surprised that you 'just' thought that CREB went into the abyss. The whole industry is geared towards presenting numbers and stats in a favorable way to make people feel like they should always be buying and selling every so often to 'climb the property ladder' and avoid 'missing out.' Buy now or buy never!
Seriously, if the real estate industry was regulated in the way that the financial industry is, then a lot of the 'return on investment' calculations that condo sellers put out would land them big fines or put them in jail.
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I guess I just assumed a professional organization that represents an industry with hundreds of millions of dollars in transactions would be a little more clear on their market assessments. Lesson learned!
It's going to be interesting to see how it's spun next year when all the stats catch up to them though. They were artificially inflated, but it's a 12 month cycle from when it was first done until you see them roll into themselves. What then?
Just another reason for me to dump everything right now.