Users Online Now:
1,102
(
Who's On?
)
Visitors Today:
104,685
Pageviews Today:
179,237
Threads Today:
88
Posts Today:
1,537
03:17 AM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
How does a real estate bubble or housing crash start?
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 27932416:MV8yMDU0NjMyXzM0NTM5NDIzX0I3NUIxMjI1] when prices are inflated, where the real value is distorted to be more than its real value for instance in 1920, one might have paid 10 dollars for a suit. now 500, the suit has the same value for him as it does for me. the only thing that has changed is the price tag. a cup of coffee was .10cents now 2.30 some say well, it cost more for this or that, raw materials, transportation, etc. but how did they increase in value, they didnt, same value. we know from past markets, the more you supply the cheaper it gets. you cant have it both ways, or can they !? pre 1964 dimes are worth about 3.00 today, 10 of them are worth 30.00, your dollar is still a dollar, so where did the 29.00 go ? someone got it, and it wasn't you. the game is rigged, the only ones making money are the criminals. i mean the govt. so they inflate the price of a house that is worth 50,000, to 150,000, then they decrease the money supply, money gets tight, you lose your house, and they get it back for say 70,000 on their ledger books, and resell it for 70,000. so they get 150 from you 70 as a loss 70 as a sale plus all the write offs expenses etc at the end of the day, megatons of profit just go get yourself a monopoly board, sit down with some friends, and play until you are so mad that you flip the table of the money changers and then you will get it. [/quote]
Original Message
They keep saying 'bubble' in Canada. Ive heard it for years. Especially after the US housing crash.
So what's happening now is the prices in Canada for homes have remained very high. Sales are slow. Prices still are not coming down.
How is it possible for the value of real estate to drastically decline to half the value? I can't see that ever happening.The worst case scenario would be the value of a house going down slightly to the level people can somewhat afford. What would cause a drastic decline in prices?
Wouldn't lowering the prices slightly avoid a bubble?
What happened in the US is not happening in Canada. Even though everyone is talking about it 24/7, it's not happening.
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>