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Old 08-18-2009, 02:42 PM
trent trent is offline
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Join Date: Jun 2008
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Quote:
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.
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