Canadian House Prices | Bitcointalksearch.org

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

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

Quote from: Elwar on January 08, 2015, 12:08:39 PM

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

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: Vod on January 08, 2015, 05:06:23 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

sr. member

Activity: 448

Merit: 250

Quote from: Elwar on January 08, 2015, 12:08:39 PM

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

legendary

Activity: 1450

Merit: 1013

Cryptanalyst castrated by his government, 1952

Quote from: Vod on January 08, 2015, 05:06:23 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

legendary

Activity: 3668

Merit: 3010

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

legendary

Activity: 1722

Merit: 1000

Quote from: Elwar on January 08, 2015, 03:56:21 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

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

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

legendary

Activity: 1722

Merit: 1000

Quote from: arbitrage001 on January 08, 2015, 12:37:56 PM

Quote from: spazzdla on January 08, 2015, 12:18:07 PM

Quote from: Elwar on January 08, 2015, 12:08:39 PM

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

legendary

Activity: 1067

Merit: 1000

Quote from: spazzdla on January 08, 2015, 12:18:07 PM

Quote from: Elwar on January 08, 2015, 12:08:39 PM

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

legendary

Activity: 1722

Merit: 1000

Quote from: Elwar on January 08, 2015, 12:08:39 PM

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

legendary

Activity: 1722

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 504 times)