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Old 08-18-2009, 02:42 PM
trent trent is offline
Senior Member
Join Date: Jun 2008
Posts: 387

Originally Posted by Canadian View Post
When everybody start thinking that way, the prices will fall off a cliff...
Yes, when the last bear gives up the residential market will go down big time. I talk to many "homeowners" (deeply in mortgage debt) in Toronto and not a single one shares my view that there will be a crash. This is simply because it doesn't fit their agenda, and if happens will ruin them financially. Nobody likes to face the facts, but sooner or later they'll have to.
No debt
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