31 Mar 10
Originally posted by PalynkaThere was no housing collapse in Canada
http://en.wikipedia.org/wiki/One_red_paperclip
Kyle MacDonald, a Canadian blogger who bartered his way from a single red paperclip to a house in a series of online trades over the course of a year.
I wonder how much his house is worth now after the housing bubble collapse.
31 Mar 10
1 edit
Originally posted by reinfeldthey live at the southern part of the border because IT"S FRICKIN WARMER there.
as long as canadians have the thirty mile strip to live close to the americans they will be able to pretend they have a country.
There are only 2 reasons why Canadians go to the US:
To sell stuff, and to buy stuff. Old people go to florida so they dont' have to shovel snow.
End of story.
31 Mar 10
1 edit
Originally posted by uzlessWhat's that thing at the end then? Looks like a bubble bursting to me. BTW, I said bubble collapse (i.e prices re-adjusting to fundamentals), not a general collapse of the sector.
There was no housing collapse in Canada
http://www.greaterfool.ca/2009/01/17/memo-to-phil-soper/
31 Mar 10
Originally posted by Palynkanot sure what you are referring to in that post. If you are just looking at the chart at the beggining, that was just a FORECAST of what MIGHT happen that was created in 2008 predicting what would happen in 2009.
What's that thing at the end then? Looks like a bubble bursting to me. BTW, I said bubble collapse (i.e prices re-adjusting to fundamentals), not a general collapse of the sector.
http://www.greaterfool.ca/2009/01/17/memo-to-phil-soper/
As you can clearly see here though, none of that happened. House prices may be stabilizing but that is a far cry a popping bubble.
http://www.theglobeandmail.com/report-on-business/economy/high-house-prices-stabilizing/article1518531/
31 Mar 10
Originally posted by uzlessI cannot clearly see there anything. I just see how the journalist interprets it.
not sure what you are referring to in that post. If you are just looking at the chart at the beggining, that was just a FORECAST of what MIGHT happen that was created in 2008 predicting what would happen in 2009.
As you can clearly see here though, none of that happened. House prices may be stabilizing but that is a far cry a popping bubble.
http://www.theglobeandmail.com/report-on-business/economy/high-house-prices-stabilizing/article1518531/
This is the Teranat-Bank of Canada data that your article refers to:
http://www.housepriceindex.ca/admin.aspx?mode=voirHTML&nonews=95&qui=000&langue=EN