Canadian House Prices | Bitcointalksearch.org

Elwar

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Quote from: Shattered on January 08, 2015, 07:46:24 PM

Quote from: Elwar on January 08, 2015, 11:08:39 AM

If you get a leader in there that wants to bring value back to the CAD, they will raise interest rates.

Reagan did this in the early 80s raising interest to almost 20%. It brought a shock to the economy at first but ended with a better economy overall.

Im sorry, but are you claiming Reagan made the US economy better?
Im just trying to make sure my eyes are reading that correctly...

I guess not so much better as the second half of the 80s the economy did fairly well. His first years brought on a lot of economic insanity and I believe a lot of it has to do with trying to get the dollar back after the Carter years. I am not a big fan of Reagan's huge deficit spending though.

freedomno1

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Learning the troll avoidance button :)

Quote from: Vod on January 08, 2015, 04:06:23 PM

In Alberta, house prices have gone through the roof since there is oil money everywhere.

With oil prices so low a lot of layoffs are happening. This should cause the housing bubble to burst.

Yep Calgary prices in particular should be going down quite a bit, went up a bit for a while after the floods though with some people moving away from riverside real estate to higher ground lol.

Shattered

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Quote from: Elwar on January 08, 2015, 11:08:39 AM

If you get a leader in there that wants to bring value back to the CAD, they will raise interest rates.

Reagan did this in the early 80s raising interest to almost 20%. It brought a shock to the economy at first but ended with a better economy overall.

Im sorry, but are you claiming Reagan made the US economy better?
Im just trying to make sure my eyes are reading that correctly...

aigeezer

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Cryptanalyst castrated by his government, 1952

Quote from: Vod on January 08, 2015, 04:06:23 PM

In Alberta, house prices have gone through the roof since there is oil money everywhere.

With oil prices so low a lot of layoffs are happening. This should cause the housing bubble to burst.

Agreed. Also, the Lower Mainland and Toronto have been in bubble-mode for a long while, and perhaps may always be so. The rest of Canada - not so much.

Geezer tip: If you're willing to move, you can turn a bubble-market house into a life of luxury in another part of the country. It's a one-way trip though, for the foreseeable future.

Also - if you are youngish - understand inflation. Houses that my parents bought and sold for about $5k are on the market for about $500k. Houses that I bought and sold for about $50k are on the market for about $1m. Look at markets as fluid, not as fixed points.

It is still a crap-shoot so relax and enjoy life, but don't whine "ain't it awful" - that's just your starting point. Wink

Vod

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Licking my boob since 1970

In Alberta, house prices have gone through the roof since there is oil money everywhere.

With oil prices so low a lot of layoffs are happening. This should cause the housing bubble to burst.

spazzdla

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Quote from: Elwar on January 08, 2015, 02:56:21 PM

Exact same thing happened in the US from 2005 to 2009. Prices did not continue to go up.

How many years have Canada's housing boom been going on?

10-15...

Elwar

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Exact same thing happened in the US from 2005 to 2009. Prices did not continue to go up.

How many years have Canada's housing boom been going on?

spazzdla

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Quote from: arbitrage001 on January 08, 2015, 11:37:56 AM

Quote from: spazzdla on January 08, 2015, 11:18:07 AM

Quote from: Elwar on January 08, 2015, 11:08:39 AM

If you get a leader in there that wants to bring value back to the CAD, they will raise interest rates.

Reagan did this in the early 80s raising interest to almost 20%. It brought a shock to the economy at first but ended with a better economy overall.

We are so dependent on the housing "market".. it would annihilate our ecom. I would even say if the housing goes below a 3% return a year things will get really bad.

A country wealth is build by service and production, not inflated asset.

Suppose to be.. alas ours is currently not.

arbitrage001

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Quote from: spazzdla on January 08, 2015, 11:18:07 AM

Quote from: Elwar on January 08, 2015, 11:08:39 AM

If you get a leader in there that wants to bring value back to the CAD, they will raise interest rates.

Reagan did this in the early 80s raising interest to almost 20%. It brought a shock to the economy at first but ended with a better economy overall.

We are so dependent on the housing "market".. it would annihilate our ecom. I would even say if the housing goes below a 3% return a year things will get really bad.

A country wealth is build by service and production, not inflated asset.

spazzdla

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Activity: 1722

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Quote from: Elwar on January 08, 2015, 11:08:39 AM

If you get a leader in there that wants to bring value back to the CAD, they will raise interest rates.

Reagan did this in the early 80s raising interest to almost 20%. It brought a shock to the economy at first but ended with a better economy overall.

We are so dependent on the housing "market".. it would annihilate our ecom. I would even say if the housing goes below a 3% return a year things will get really bad.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

If you get a leader in there that wants to bring value back to the CAD, they will raise interest rates.

Reagan did this in the early 80s raising interest to almost 20%. It brought a shock to the economy at first but ended with a better economy overall.

spazzdla

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Merit: 1000

It would seem interest rates will just continue to go lower. I doubt we will ever see 5% again as long as the CAD exists. It just is not possible it would decimate the ecom.

I am wondering when it only costs .5% for a loan what do you think the average house price will be?

Do you think the avg price will hit 1 mill with in the next 10 years?

Topic: Canadian House Prices (Read 506 times)