Will the real estate boom end?

[Shukria123]

*WARNING* DON'T BUY A CONDO FROM THIS GUY! 

[Shukria123]

more Class Action lawsuits!! LOL

[flagship21]

I get it inflation is in the Real Estate

[amcanmike]

NOT IN CANADA ITS BOOMING FOREVER

[jvolstad]

Suckers!

[togwm]

This is not sustainable!!!

[devonnameyer]

Creator01 put it so well..haha

[quuaa1]

that explains the inflation taking place

[flagship21]

cash is garbage so they pump it into real estate

[Creator01]

It's quite ironic watching how stupid people were back then claiming that the house prices will forever climb up.

[hellokhris]

Economists and experts are out there giving advice which helps sell their businesses and increase their personal branding.

The truth and the facts are clear. Interest rates are belong long-term averages , the cost of capital is articifically low because we are printing money.

Interest rates will double if not triple over the next 10 years due to the large north American debt overhang and increased risk.

[moniequa]

That is why you don't trust economists or your so call experts. They don't know anything either, if they did there would be anything like housing bubble and other bubbles to come.

[landongendur]

That's rediculous. Unless you have 10 friends living in the house with you, how can you afford a $705K mortgage?

Even if you put $100K down, your mortgage payment would be $4,000+ every month for 35 years with a 7.5% interest rate. Then you have property taxes, maintenance, insurance...

I'd rather live in a town of 250 people and pay $300/month for a basement suite for the rest of my life than pay that!

[Lav34me]

its called the property ladder, people build up equity which allows them to borrow more money. interest rates are much lower than 7.5% also, in many areas of canada ie. toronto and vancouver, calgary etc. rents are so close to the cost of borrowing that you most certainly would have to move to a town of 250 people to find a basement for $300

[landongendur]

Bachelor apartments in downtown Regina are still around $400 a month. Why pay $250,000 for an 'average' house in Regina when one can pay rent that's less than the utilities/taxes of that same home?

[Lav34me]

true, in fact i would never buy in Regina, if fact i would never rent in Regina either, but that is besides the point.

at the end of the day, those who own real estate retire comfortably, and those who dont, dont.

there is a reason that many older people spend their later years eating cat and dog food from a can, it is because of a lack of savings and investment in their lifetime.

the fact is that $250,000 is not only affordable, its CHEAP!

[landongendur]

I guess if it's cheap if you have 4 people sharing a house and paying rent to you. Or if your household income is $90K/year My dad is a successful electrical technologist and he was afraid to take out $109K to mortgage our current home in 1998. Even today he would never dream about going $250K in debt and has no idea how young people starting out can afford these current prices.

There's good news: Windsor ON is going through a housing bust. 3-bedroom homes by the university for less than $100K!

[ospTube]

In retrospect how funny is this? The german guys was close but I guess he didn't know his 13K home was going to 700K so why take his advice? Too funny. Peggy was smoking a MASSIVE doobie before the interview... obviously.

"Don't sit by and wait for the paint to dry" LOL Ya jump in with both feet. Too bad you're cripple now.

[jeromega]

have mercy...

[adeptusluminati]

Yeah 5% rising wages can support a 29% increase... What utter BS! I can hear the pin approach the bubble. Keep on pumping the RE market... the longer the pump, the bigger the BANG! Hasta La Vista Vancouver.

[diamondnguyen]

well, we all know that the price will probably not drop for at least a few year, if I was in your seat, I would probably sell it, buy another house in a cheaper neighborhood, and buy a condo and rent it out as an investment.

[nonstopdesign]

The fundametals are this: Canada rocks, USA sucks.

[Dave5928]

Good God, the fundamentals don't support this kind of market. Use your head or suffer the consequences!

[nonstopdesign]

Who says it's going to drop in price?

[jackandjerry]

I have a two storey house on the Vancouver east side and now 2007 february it is worth about $750000. I have a question....Should I sell it and rent a apartment and then wait for the drop,and buy at the dropped market price??? please help