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Topic: Canadian Housing & Bitcoin - page 3. (Read 4260 times)

legendary
Activity: 1722
Merit: 1000
October 09, 2014, 12:10:31 PM
#8
Mortgage-free since 1995.

Just say no.

I am mortgage free but I also do not own a house..
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
October 09, 2014, 12:08:53 PM
#7
Mortgage-free since 1995.

Just say no.
legendary
Activity: 1722
Merit: 1000
October 09, 2014, 12:08:17 PM
#6
Almost all of my friends are 100% or 99% invested in real estate.....

Almost every chart I look at implies Canadian housing is in a MASSIVE MASSIVE bubble.. our ecom is real estate..

When it fails I am wondering if others think BTC and PMs will lift off.

If they are getting high rental yield, it really doesn't matter if the housing market correct up to 50%.
Yup, if you treat real estate market as somehow isolated from the rest of the economy.
Even if prices correct 25% it will be a huge blow to the economy. And the rental yield won't help as it will plunge as well. Y'know crisis, unemployment...

I have a bad feeling if the prices dip more than 10% all of the forigen buyers will sell to stop their losses...  the amount of houses not owned by Canadians is not known thx to Criminal Harper.
legendary
Activity: 1722
Merit: 1000
October 09, 2014, 12:05:07 PM
#5
Canada and Australia are the perfect examples of massive housing bubbles.
This crap is so expensive right now.

What is the yield your friends are getting now btw?

Gains of about 5-10% a year.. however they all still own.. sooo....

They view their own house as an investment tool :S..  "Who cares it will be worth 100% more in 20 years so I'll use my house to retire"

Will you now...
legendary
Activity: 1386
Merit: 1009
October 09, 2014, 11:42:24 AM
#4
Almost all of my friends are 100% or 99% invested in real estate.....

Almost every chart I look at implies Canadian housing is in a MASSIVE MASSIVE bubble.. our ecom is real estate..

When it fails I am wondering if others think BTC and PMs will lift off.

If they are getting high rental yield, it really doesn't matter if the housing market correct up to 50%.
Yup, if you treat real estate market as somehow isolated from the rest of the economy.
Even if prices correct 25% it will be a huge blow to the economy. And the rental yield won't help as it will plunge as well. Y'know crisis, unemployment...
full member
Activity: 182
Merit: 100
October 09, 2014, 11:27:09 AM
#3
Almost all of my friends are 100% or 99% invested in real estate.....

Almost every chart I look at implies Canadian housing is in a MASSIVE MASSIVE bubble.. our ecom is real estate..

When it fails I am wondering if others think BTC and PMs will lift off.

If they are getting high rental yield, it really doesn't matter if the housing market correct up to 50%.
legendary
Activity: 1386
Merit: 1009
October 09, 2014, 11:08:47 AM
#2
Canada and Australia are the perfect examples of massive housing bubbles.
This crap is so expensive right now.

What is the yield your friends are getting now btw?
legendary
Activity: 1722
Merit: 1000
October 09, 2014, 11:00:09 AM
#1
Almost all of my friends are 100% or 99% invested in real estate.....

Almost every chart I look at implies Canadian housing is in a MASSIVE MASSIVE bubble.. our ecom is real estate..

When it fails I am wondering if others think BTC and PMs will lift off.
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