And so the saga continues.
Oil price once again below $40. Official recession to be announced in a month. Layoffs continue. Yet house prices relatively stable. How long do you guys think this will last?
The naysayers say it's business as usual. Others including me have been saying this will take at least a year to reflect on the real estate, and I stand by that prediction. If the market doesn't break by the beginning of next year, and doesn't come back down to earth, I'll be really surprised.
I continue to wait to purchase a house, and reject the used house salesman continuously telling me now is the best time to buy!!!
what do the esteemed calgarypuck members think?
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