2007 again?

[79ford]

look at the houses sell, wow!

[rugatika]

http://www.theglobeandmail.com/report-on-business/economy/housing/alberta-housing-market-set-to-surge-bmo/article17493280/

[79ford]

I know a few people trying to buy near edmonton and I have been kicking the tire and houses pop up the dissapear in a day or two if they are in a reasonable price range for what they are.

[Selkirk]

look at the houses sell, wow!

It's ^ no surprise ... welcome to Awberda! :lol:

My Mother's house in Calgary recently sold for almost 10% more than she asked for ... and in one day flat! If it was me, I would of held out for a few more days and got 20+% more.

:sign0111: ... and govern yourself accordingly,

Mac

[hal53]

going to be a train wreck, when interest rates jump by 2 pops.....

[JustBen]

going to be a train wreck, when interest rates jump by 2 pops.....

Nailed it.

We might not see it right away, but when all the mortgages come due, it could spell trouble.

Oil prices still look okay, but coal has taken a real beating in the last two months. Looking back at the 2008 collapse, coal fell about 6 months before oil dropped out.

If I had to be a betting man, I'd put my money on another financial crisis within the year. I would be surprised if interest rates climbed any time soon.

[79ford]

going to be a train wreck, when interest rates jump by 2 pops.....


it is pretty wild. I calculate a 7-10% interest rate into my price decision. Although lots of people seem to be unaware that rates this cheap arent normal.

I work for one of the big evil companies here and buying a house seems expensive, could only imagine how tough it would be to buy a place in this market for a majority of the population that doesnt get paid as much on top of having to save for retirement/pay for familys.