Your instincts are terrible. Nice story is there any point to you just spewing bs on here what do you get out of this ? We all know you live in some sleepy location in Florida, seem to enjoy fishing and boating ( yuck ), and ran some investment seminars to an almost empty room at some point. Yet you think you are an expert that should be listened to. Come on now, get real.
Nope you are so wrong. Owned in TO and Harbour Square for decades. Same with sobe, when oceanfront cheaper than lake ontario. Transferred to los gatos and then huntington beach. Yeah i know nothing about real estate, you know everything. Back of the soup line for you. lol
Here's what you don't seem to understand. I never claimed to know everything about real estate; all I've claimed based on common sense is the chance of a "crash" given current conditions is slim. You have made grandiose claims with a certainty that no rational man would make. You really need to get those emotions in check, control that ego of yours, and stop being blatantly rude about it on the internet. You seem old and stubborn if we are going to be honest here. I'm so wrong am I ? Heard the same thing on this site in 2010 and 2011. Was told the exact same things being claimed on this thread, when Toronto real estate prices were much lower ( as were the stock prices of Canadian banks ). Those claims were thoroughly owned the last 9 years. Decimated really. So given that, you'd have to be pretty foolish to get on here and start spouting off the same shit like it's predestined and a certainty. Apparently that's not stopping you though. Here's hoping you have the integrity to stand behind your words unlike many that have preceded you on here making similar wild predictions that ultimately completely failed.
ZeroHedge is picturing gloom and doom scenarios all the time. I was their fan at the beginning but later on, I realized, no matter what the economic climate is, no matter what is happening in the macro scene, they are perpetuating the same thing over and over again. That's why my respect for their analyses felt dramatically last few years, but I still use them as a source of some news, especially the bearish side news, but nothing more. My belief is that as Ray Dalio says every credit cycle has periods of expansion and contractions and there are multiple short and longterm cycles over each other. We had a prolonged period of low-interest rates globally which propelled the housing prices everywhere on Earth, with few exceptions of course. Now we may be close to the top of the current debt cycle, we are in for the last 10 years, and inevitably we can face some kind of price suppression, but will this happen today or in two years very hard to predict. Also, my other concern is for how long rates can sustain rising? I am pretty sure we will see again easing in a year or two and this will lead to beautiful deleveraging, where nobody will feel it on the surface. That's why maybe I am 60% in favor of the later scenario where we won't see any major corrections in the prices, but stagnation in the market for sure.