Does Canada have a housing bubble?

[Canadian]

Originally Posted by Rickson9

No. I said that, 'I think people have been predicting a RE bubble pop for the last half decade now...'

So tell me where do you think the Canadian RE is going then?

[Rickson9]

Originally Posted by Canadian

So tell me where do you think the Canadian RE is going then?

I don't know. Nobody knows.

"It's hard to make predictions, especially about the future." - Yogi Berra

[trent]

Originally Posted by Rickson9

I don't know. Nobody knows.

"It's hard to make predictions, especially about the future." - Yogi Berra

In order to put or not to put money in any market (stock, real estate, etc.) you need to have an opinion, so unless you are fine sitting on cash, you better get one .

[Rickson9]

Originally Posted by trent

In order to put or not to put money in any market (stock, real estate, etc.) you need to have an opinion, so unless you are fine sitting on cash, you better get one .

There is no benefit for me to have an opinion on the direction of an entire market nor do I need one to allocate capital.

[trent]

Originally Posted by Rickson9

There is no benefit for me to have an opinion on the direction of an entire market nor do I need one to allocate capital.

Really? So if the market takes dive of 40% in the next 2 months , you will be spared because you are a great stock picker?

[Rickson9]

Originally Posted by trent

Really? So if the market takes dive of 40% in the next 2 months , you will be spared because you are a great stock picker?

Let me know when you can predict a 40% dive in the next 2 months (or any time for that matter). I would pay good money for that to happen.

"If a stock goes down 50%, I'd look forward to it. In fact, I would offer you a significant sum of money if you could give me the opportunity for all of my stocks to go down 50% over the next month."
-Warren Buffett, 2008 Berkshire Hathaway shareholders meeting

Going back to the original point:
"There is no benefit for me to have an opinion on the direction of an entire market nor do I need one to allocate capital."

[trent]

Originally Posted by Rickson9

Let me know when you can predict a 40% dive in the next 2 months (or any time for that matter). I would pay good money for that to happen.

"If a stock goes down 50%, I'd look forward to it. In fact, I would offer you a significant sum of money if you could give me the opportunity for all of my stocks to go down 50% over the next month."
-Warren Buffett, 2008 Berkshire Hathaway shareholders meeting

Going back to the original point:
"There is no benefit for me to have an opinion on the direction of an entire market nor do I need one to allocate capital."

You still haven't answered my question

[Rickson9]

Originally Posted by trent

Really? So if the market takes dive of 40% in the next 2 months , you will be spared because you are a great stock picker?

Going to your digression, the answer would be yes.

I pray for that outcome every day.