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Posted on: 30-04-12 23:09:37
Quote:
Originally posted by rahul_singh23
Jim F, Mark C and Moron Garth know a lot about world, Canada and economics and Canada is bigger than GTA.
Then why worry just say "Aal Izz Well"
Remember Alan Greenspan? They thought same about him.
Rahul Bhai Amrikawale one more link to support your thesis.
http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/home-buying/ready-to-be-bold-sell-the-house-and-rent/article2418383/
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Sunny Leone a true Canadian DESI now back in India !.
Quote:
Originally posted by Vandematram
Rahul Bhai Amrikawale one more link to support your thesis.
http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/home-buying/ready-to-be-bold-sell-the-house-and-rent/article2418383/
huh.... that case in the link actually fails Amerikawale Bhai's 'negative equity' thesis by big margin of plus half a million. Renting still will not make sense, having big money in bank and defused life style !! why ? Better will be to buy a home for half the money and live mortgage free and stay away from all Rahuls and experts like Jim Fs , Garths and Marks.
http://www.cbc.ca/thenational/indepthanalysis/thebottomline/2012/05/the_housing_market.html
Just finished watching this discussion on the Bottom Line on CBC.
This is all about the current current Canadian Housing Market and the impending bubble correction.
Every house owner has to watch this program on this link to evaluate yourself.
All the speakers are all pointing towards a impending correction of about 10 to 15 % in the housing market and another of 30 to 50% in the Condo market in certain pockets.
They talk about negative equity.
Many of us are all sitting on low mortgage rates but we should be prepared to weather the upcoming higher mortgage rates.
We all need to do stress tests of studying our cash flows at various mortgage rates. The current bank rate being 1 % and if this goes upto 4% and if our rates from current 3.29% Fixed 5 years or 3.99% Fixed 10 year term goes upto 6 or 8% whether our cashflow will be able to handle it.
They are using Vancouver and Australia for their bubble prediction.
You Better Watchout ! Better Not Shout ! Uncle Flaherty is coming to Town!.
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Sunny Leone a true Canadian DESI now back in India !.
What happened to Chinese from Hongkong buyers? I don't think this program factored in the theory/reality of chinese buyers in port credit and GTA who are buying properties well above asking price. I think somebody recently commented something similar in this post only.
http://www.canadiandesi.com/read.php?TID=32441&page=15
Quote:
Originally posted by Vandematram
http://www.cbc.ca/thenational/indepthanalysis/thebottomline/2012/05/the_housing_market.html
Just finished watching this discussion on the Bottom Line on CBC.
This is all about the current current Canadian Housing Market and the impending bubble correction.
Every house owner has to watch this program on this link to evaluate yourself.
All the speakers are all pointing towards a impending correction of about 10 to 15 % in the housing market and another of 30 to 50% in the Condo market in certain pockets.
They talk about negative equity.
Many of us are all sitting on low mortgage rates but we should be prepared to weather the upcoming higher mortgage rates.
We all need to do stress tests of studying our cash flows at various mortgage rates. The current bank rate being 1 % and if this goes upto 4% and if our rates from current 3.29% Fixed 5 years or 3.99% Fixed 10 year term goes upto 6 or 8% whether our cashflow will be able to handle it.
They are using Vancouver and Australia for their bubble prediction.
You Better Watchout ! Better Not Shout ! Uncle Flaherty is coming to Town!.
Quote:
Originally posted by bhootnath
What happened to Chinese/Hongkong buyers? I don't think this program factored in the theory/reality of chinese buyers in port credit and GTA who are buying properties well above asking price.
http://www.canadiandesi.com/read.php?TID=32441&page=15
Quote:
Originally posted by Vandematram
http://www.cbc.ca/thenational/indepthanalysis/thebottomline/2012/05/the_housing_market.html
Just finished watching this discussion on the Bottom Line on CBC.
This is all about the current current Canadian Housing Market and the impending bubble correction.
Every house owner has to watch this program on this link to evaluate yourself.
All the speakers are all pointing towards a impending correction of about 10 to 15 % in the housing market and another of 30 to 50% in the Condo market in certain pockets.
They talk about negative equity.
Many of us are all sitting on low mortgage rates but we should be prepared to weather the upcoming higher mortgage rates.
We all need to do stress tests of studying our cash flows at various mortgage rates. The current bank rate being 1 % and if this goes upto 4% and if our rates from current 3.29% Fixed 5 years or 3.99% Fixed 10 year term goes upto 6 or 8% whether our cashflow will be able to handle it.
They are using Vancouver and Australia for their bubble prediction.
You Better Watchout ! Better Not Shout ! Uncle Flaherty is coming to Town!.
Once bank rates go up, Chinese/Hongkong buyers will disappear. There will be more supply than demand. RE investment is no more different than any other type of investment.
Unfortunately only the poor who took mortgage from the banks at such low rates will suffer.
Yeah, keep dreaming...
http://www.canadiandesi.com/read.php?TID=32860
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