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Old 03-19-2015, 08:41 PM   #69
lorenavedon
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Join Date: Dec 2013
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when was the last time housing in Calgary took a hit that actually lasted? early 90s? Nobody has time for 30 year swings. Life is short. 08 was meaningless. It was a V bottom. We're at record highs in equities and rates are going nowhere. If you're waiting for rates to go up and for deflation to hit the housing sector, you could be waiting decades. By then it won't matter what you paid now. Population of planet earth is going up exponentially and people need a place to live. To the average person not born into privilege, Canada looks like a pretty awesome place with tons of space for everyone and great social programs. So I don't see any scenario where prices are going to come down.

Saying things like "this house had a 50k price drop"; is meaningless. Odds are that even with a 50k price drop it's way higher than what it would have sold for last year in the hottest market Calgary's ever seen. Nobody is selling for less than last year. Prices have zero chance of ever going back to 2009-2010 levels.

If you think so, please, with logic and reason and arguments, tell me how I'm wrong.
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