Quote:
Originally Posted by KAI
It is a landlords market and they hold all the power.
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I think you just proved SF's point there. You say we will all lose when/if the bust comes. But really what you are saying is you aren't seeing the benefits of the boom as much as others, and you won't see any advantage to the bust.
Whereas a homeowner like me- if I were to sell today I would make a whack of money on my house. I could move back to Manitoba and be mortgage free. But if the value of my house drops $150K, I'm still ahead of what I paid for it 3 years ago.
That, and my mortgage is the same as 3 years ago, but I'm earning 25% more.
Yep, the boom hasn't helped everybody. But it has helped a lot of us.