mac1214 wrote:Sarcastic bubbleheads, that's a good one. Bubbleheads are batting .000, they've never been right, always wrong. Robert Allans 10% rise prediction has happened a few times in Canada, while the bubbleheads prediction was, of course, 100% wrong. Bubbleheads would have been farther ahead, taking Allens advice, than their own. Sarcastic bubbleheads, that's a good one.
Not so sarcastic bubbledreamer, how about people in Florida, Phoenix AZ et al, down more than half? Robert Allen's advice has done wonders for them, too.
Let me ask you one point blank question, no ifs and buts: do trees grow to the sky? How do you expect housing to increase in cost by 10% or more annually when median incomes increase by around 3%? How many years can it continue at this "conservative" pace? Do you expect banks to eventually loan you a mortgage at negative interest rates? Compound away for enough time at 10% vs. 3% and people can't pay their mortgages any more. Take a break, think it through and then explain the magic.
As for yours truly, my GTA house, purchased a decade ago, has doubled in price, thank you very much. Does it help me? No, but it feels good.