Saturday, March 24, 2012

Real Estate correction predicted by MSM

Global TV's newscast today did an piece on a looming real estate correction and started off:
"The Bank of Montreal is putting a scare into anyone heavily invested in Real Estate or heavily in debt."
Predictions of a correction in Vancouver Real Estate have now gone mainstream.

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  1. I was reading a blog in late 2006 about regulations being put into place in the US for the banking system similiar to what is proposed here in Canada. The commentator wrote something like, "note today as the beginning of the financial crash." Basically, it has arrived. It will take a while for the news to become assimilated and the people who are quick on their feet to make their moves, as the rest of the hypnotized true real estate believers sink further under water with every dwindling paycheck.

  2. Yet, those whom I know who are looking at purchasing are still forging ahead with their purchase plans.

    1. You can lead a horse to water, but you can't make him drink.

  3. Only in Vancouver can you have a story one day about a real estate book, followed the next day by a story about a real estate correction. Real estate in Vancouver is a sport and it is played by amateurs. Our provincial bird is now the Crane. The construction crane that is.

  4. That's my comment above. I meant to say a real estate "boom" not a "book".

  5. Interesting times.

    FYI I travel to China quite often, and never able to get on this website from there.

    Wondering who's blocking it-from this side or that?

  6. Banned in China? I'm honoured... I guess?