Canadian housing bubble thread

Nine_Ender said:
Your comments about TO are extremely negative and misleading. Perhaps it's not "hate", it might be just the cynical way you look at the world in general. I don't speak on a subconscious level, I'm pretty direct and chose to live in Toronto for quality reasons. Again, you seem to be unaware of everything Toronto has to offer; this is true of many people in many cities. I like the community, low crime rates, sports clubs, and moderate weather in Toronto. When my kids needed them, I loved the public school system it was ideal for getting ahead. Corporate Toronto is not without problems but it works well for many people and not so well for others; but don't discount the corporate world because there is a ton of money going through Toronto. Traffic you have to live with, but it's not that bad if you know the city and what to avoid and when.

Forecasts on this city show a large increase in population is guaranteed for at least 20 more years. There just isn't much construction or new rental units being built. So on the real estate topic, it's not hard to know what may happen to real estate prices and rents for those 20 years.
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Good points;
+ i never refer to real estate as a ''bubble''. AS if/ even an eventual bear market would pop RE like a worthless soap bubble. LOL.:D:D My best real estate sales [USA, thru a REALTOR] was when interest rates were about 10%
NOTHING like a good up/trend........................................................................[Of course if someone was leveraged 100%, no money down \a 50% drop would/could wipe them out+ they would still owe property taxes, if Canada is like US on property taxes?]
 
m22au said:
It's quite bizarre that you're quoting a post I made more than 4.5 years ago.

Have you considered the possibility that my views may have changed in that time?
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4.5 years is nothing when it comes to real estate. Price appreciation since was quite large. There is no bubble in Toronto real estate it's priced according to supply, demand, and long term forecasts through year 2050+. I've posted this opinion on here since 2010.
 
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Nine_Ender said:
4.5 years is nothing when it comes to real estate. Price appreciation since was quite large. There is no bubble in Toronto real estate it's priced according to supply, demand, and long term forecasts through year 2050+. I've posted this opinion on here since 2010.
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You're missing the point completely. I could look through all your posts, it's possible (maybe even likely?) where you got something 'wrong'.

Alas I did have a quick search through your posts and unfortunately you come across as quite a negative person. Maybe it's just how you are online, are you're actually a nice(r) person in real life?
 
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