Quote:
Originally Posted by Winsor_Pilates
When can we expect this?
|
Who the hell knows, but it will come at some point, it always does.
Crash's are psychological not economic. All bubbles eventually burst, be they tulip bulbs or houses. It comes down to the realization that a detached house in East Vancouver just isn't worth 1.5 mill regardless of the market, everyone knows it, at some point buyers just walk away, then the panic sets in really fast.