condoboy
Banned
Not about supply and demand ?? I just don't get it then.
Remember condoboy,....real estate,....especially condos are a COMMODITY (which alot of ppl forget, but at the end of the day, it is simply that, a commodity to get consumed). Just as with any commodities, there is always a supply and demand fundamental. This S/D fundamental can and will get distorted at times for various factors, but at the end of the day, there is always a reversion to the mean which will be based on the basic S/D fundamentals.
By the way, what do you mean ppl have to "wait" to find a bargain ??
Just to be perfectly clear, I was under the impression that you feel the TO market will weather the storm and only have "moderate" appreciation or flattening while the rest of the world drops like a stone and then when the rest of the world recovers, TO for some reason will outpace other parts of the world ?? Wasn't that your opinion and outlook ?? If so, why "wait", why not just buy now before TO "catches up" ?
Yeah..that's right. I am saying if people are hoping that there is going to be a significant drop in prices or a market crash in real estate, they are going to be sadly mistaken....it ain't gonna happen!
Btw....I'm not a real estate agent or a work for a builder...I'm just a guy who wants to see the city of Toronto grow and become what it can be!
One question for you: Do you think builders start projects without doing market research and build without any sales? If there is a market out there...somebody will fill it!