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#1
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Toronto housing market
Toronto housing market is defying gravity posting marginal declines in sales and price for the first half of May 2009. The number of houses sold in 416 area was 1,734 down from 1,864, while the price for the same period was down less than 1% from $439,459 to $437,205.
Obviously there are still lots of delusional buyers, thinking that interest rates will stay that low forever, and confusing temporary low monthly payments with affordability. Good luck to all future and current bank slaves .
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No debt |
#2
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Of course interest rates will stay low until there is a full economic recovery. Meanwhile my house will be twice more expensive compared to what I paid for it, while you will be still complaining how you missed the train and life is unfair
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#3
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Sure, cheap money for EVERYBODY FOREVER, that will work
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No debt |
#4
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What's wrong with cheap money? It actually stimulates the economy.
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#5
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I'll tell you what's wrong with cheap money - it puts everybody in debt, it devalues the people's savings, and creates giant distortions in the economy (read economic bubbles). Is that enough for you?
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Bear with me please |
#6
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That's your point of view. I think that it revives the economy, helps people afford more things today instead of waiting for tomorrow, and creates wealth.
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