Phew! What a relief! Boy, I'll be able to sleep good tonight!
Why, you ask? Well, it's because Re/Max has released their 2008 housing market forecast. I'm now ready to jump on board and buy the biggest house I possibly can. This is because it's going to rise in value by 5% next year. That's more than my savings account is getting! Besides, 5% of $500000 is a gain of $25000. Yippee, our real estate market has legs! And this is despite everything that is happening around us!
Seriously, why is any stock given to reports like this. The TC of course eats it up. Even if by fluke they are right, it's a totally biased report. It's totally useless. If even CMHC's numbers are suspect, how can a real estate firms' report be given any validation?
Sorry about the lack of blogging these days. I think I've hit the October doldrums. No, I've had those for a while. Real estate is getting a little boring. I want to see some action. Lets' see some price drops, crashes, and other signs of desperation. I don't want to see people get hurt, but my patience is growing thin.