There is no word “CRASH” in expert’s dictionary.


Extrapolating from SFH stats at findcalgary.ca, expect 875 SFH sales for Oct 2008.

From CREB, Oct 2006 was 1241 and Oct 2007 was 1113.

1241 -> 1113 -> 875.

There is a lot of panic 40 yrs mortgage sale in this month. I am looking forward for Dec/Jan data.

Well a clever expert would put some spin on this like pilot.

This reminds me of the story about a 4-engine prop-driven airplane. As each of the first two engines malfunctioned and quit, the pilot assured the passengers that all was OK, it would just take longer (and longer, and longer still) to reach their destination means in long term everything is good. After the third engine quit, pilot said “Let we land here then someone will see and will take us home (bailed out)”. Then fourth engine quit in middle of air then pilot took parachute and announced “Nothing to worry, we are going for soft landing”.

Yeah, a expert/realtor will never admit a crash coming.