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Today: 17.01.2018 - 21:56:30
   Canada Mortgage Hub Discussion Board -> Mortgage Vancouver -> Is real estate still in a bubble?
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rick2000

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Is real estate still in a bubble?
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Post # 1.

p_amelia

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The bubble popped in May of 2006Do you mean for rental properties.It can take 14 years for this housing mess to clear up.And homes to go back to their 2006 valuesUntil then, rent prices will remain high
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Post # 2.

protracter9831

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It's worse than ever now. Sure, there was the usual summer spike in sales (notice they were mostly in expensive homes, bought by the still-rich?!). But by October, you'll see the prices sag again and by Feb. we'll be in worse shape than a year ago. I was always taught that real estate was the ONE "sure thing" if you could get it and hang onto it 'til the right time. No more. There IS no right time. Lenders aren't giving mortgages unless you cough up your soul and your first-born and they are, of course, blaming it all on the Dems (Hmmm...what about all those BAILOUTS????).
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Canadian mortgages inc
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pacificinc

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Actually real estate is still a long way from the bottom... still falling.Right now there is some 3.5 million foreclosed properties on the rolls and that is expected to hit 8 million foreclosures by the time it all hits bottom.Given the size of the problem, it may take 20 years or longer to shake out of the system... even longer if they don't start bringing back our manufacturing base and the jobs that come with it.
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rastazzz

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There are still some regions which have not popped yet - Vancouver Canada is one where it still costs more than twice as much to rent than to buy. Housing prices have started to drop there, but no where near as much as they are going to most likely. Sorry, I don't know the specifics in the US, but I assume there are at least a few pockets where this is also true.
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