Quote:
Originally Posted by calumniate
Lorenavedon, almost everything you say makes me think that you're only trying to convince yourself. The main reason for Calgary's prosperity is o&g. Pull that away and the stop gaps you speak of can only take you so far. When industries fail you'll eventually see it in the market. Look at Detroit, Windsor. Hamilton when manufacturing took a hit. The east coast towns when fishing declined..
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The Calgary doom and gloom is getting old. If you came to Calgary in 1975 and suffered through all the booms and busts since, you'll still have been ahead today than in any other city in Canada when you take into account wage/cost of living/asset price appreciation etc. Out of all the busts we've had, housing in Calgary is now at record highs. Funny how that works. And in 10 years we're be at new record highs. And 30 years from now we'll be at new record highs. etc. If you wanna wait because housing is going to drop to where it was 5 years ago, have fun. Won't happen.