Granny
Active Member
Happy Anniversary and a Happy New Year! ..especially to you Simuls, who started this thread way back in.. January 2008 (has it really been 3 YEARS?!) , definately my second favorite entertaining poster here for predicting the almost at hand financial realestate armeggedon.
"Baby, we got a bubble!?
I've been gung ho on the housing and especially the condo market in Toronto for about the last 6 years, but in the past few months I've seen some alarming trends that seriously suggest a massive bubble is being created that'll explode as soon as interest rates increase and/or the supply of condos goes through the roof in the next 17 months. The article below deals with some of the problem, but the 8% increase in home debt during a recession is also worrisome. What's your take?"
Congrats!
You, UrbanDreamer, (my favorite) and a few other regulars who have taken the time to put down their 'End is Near' sandwich boards and post their expert opinions here have certainly given the rest of us a lot of chuckles.
Who knows 2011 could be the big disater year eh wot!? .. Hope springs eternal.
"Baby, we got a bubble!?
I've been gung ho on the housing and especially the condo market in Toronto for about the last 6 years, but in the past few months I've seen some alarming trends that seriously suggest a massive bubble is being created that'll explode as soon as interest rates increase and/or the supply of condos goes through the roof in the next 17 months. The article below deals with some of the problem, but the 8% increase in home debt during a recession is also worrisome. What's your take?"
Congrats!
You, UrbanDreamer, (my favorite) and a few other regulars who have taken the time to put down their 'End is Near' sandwich boards and post their expert opinions here have certainly given the rest of us a lot of chuckles.
Who knows 2011 could be the big disater year eh wot!? .. Hope springs eternal.