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Originally posted by mumdxbcan

Thanks Rahul,

Thats what I wanted to know.
So I hope am taking RIGHT decision to wait for few month before buying property

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I know. My point is no one knows what the future is like. Past trend suggests an even further appreciation in real estate. I could be wrong and the market can fall. But apart from that this guy takes his decision based on a thread which 'predicts' a fall in the real estate market. How can you base your most important decision on a thread in a public forum. It just means he read what he wanted to read. There are numerous articles which say the opposite.

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Originally posted by crenshaw

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Originally posted by Iceberg
Are you going to base your decision on this thread!!!!! Wonderful. Jai Ho Rahul Maharaj ki for looking in the future.

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What is amusing is that these 'predictions' (of an imminent crash in the markets) has been around on various threads on this website for several years.....the 'crash' is always just a few months away!

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It's always nice to invest/buy house when boom start or you are in early phase of bubble. At this time all real estate game over. People made lot of money and they moved to other business investment with that money.

Money always flows from bottom masses to top. Great fools have to pay money to less fool people. There are around 10k houses in sale in Calgary and Edmonton including suburbs which is highest inventory in last 8 yrs. already on welist can see 50K reduction in price on big sticker house.

People all over place are paying a big %age of their earning just for mortgages to try keep home. Home is emotional thing so people don’t throw so easily. They throw only when they completely break down. So be patient in this business to enjoy price down. US cities took around 2 yrs to broke down house owners and still price going down except 1-2 cities.

Alberta price increases are based on economic fundamentals. There no hype in Alberta. Edmonton will create another 25000 jobs in next 2-3 years. There is shortage of workers. It an economic boom that is why prices will move up for next 2-3 years, unless somebody can predict that Oil prices will fall $40 a barrel.

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Originally posted by jayaram
It an economic boom that is why prices will move up for next 2-3 years, unless somebody can predict that Oil prices will fall $40 a barrel.

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

low documentation loans have been abolished in the states all new mortgages are now requiring larger down payments essentially 0 down mortgages are gone.

http://www.msnbc.msn.com/id/20216643/