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Old 01-11-2008, 08:40 PM   #29
Slava
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Join Date: Dec 2006
Location: Calgary, Alberta
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Radley, some of your stuff is interesting and all, but clearly has more to do with the US than it does with Calgary. What does the subprime mortgage issue have to do with Calgary? (Other than the markets/banks losing some liquidity as a result...which is not terribly applicable to this thread...).

Fact is that lending practices in the United States are vastly different from here. The subprime issue will cause trouble in the stock market (along with some other disappointing data), but this does not in itself mean that Calgary home prices will drop by 20%, or even drop at all.
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