Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Calgary Boom: Is it all downhill from here?

OracleOfCalgary · 05-12-2007, 03:52 PM

Whatever happened to Calgary that former city of well run businesses, a strong work ethic, good service, great community spirit, personal modesty and thriftiness and good government. Among those I've talked to, seems I'm the only one who sees this boom ending and this city being in a major world of pain 5 years down the road. People say this boom is based on oil, but I say it's 80% real estate (flipping and construction) and easy credit... pull either of those two cards out and the whole thing will fall down.

05-12-2007, 03:52 PM	#1
OracleOfCalgary Farm Team Player Join Date: May 2007 Exp:	Calgary Boom: Is it all downhill from here? Whatever happened to Calgary that former city of well run businesses, a strong work ethic, good service, great community spirit, personal modesty and thriftiness and good government. Among those I've talked to, seems I'm the only one who sees this boom ending and this city being in a major world of pain 5 years down the road. People say this boom is based on oil, but I say it's 80% real estate (flipping and construction) and easy credit... pull either of those two cards out and the whole thing will fall down.