Quote:
Originally Posted by Righteous1
So i've got a pile of cash (literally) and a bunch on my account that i've just saved for no reason at all. Was thinking about buying a house..buy now or after all these out of provincers leave when their are no jobs left?
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- Record high prices
- 70%+ ownership rate
- Highest debt levels ever
- Emergency interest rates about to go up in the next year
- Oil collapsing
- IMF, CHMC and every credit ratings org under the sun conclude that houses are overpriced and out of whack with fundamentals
Why wait? Perfect time to buy your first home.