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And the Chicago area economy is predicted to grow 2.9%this year...slightly faster than the 2.8% growth predicted for Toronto.
And we've already had our housing corrections. Americans have significantly lower debt to income levels than Canada at the moment. Fasten your seat belts neighbors....turbulence ahead.
Roger that Captain Midwest1....Oooohh really nervous...Dunno if i'll be able to sleep on the flight.. Flight Attendant more wine please - anonymous internet captain from the Midwest predicts a huge bubble burst in Canada.
I spent several years working at a major east Asian central bank. The whole world knows theres a bubble in Canadian real estate...except apparently...most Canadians. All housing and asset bubbles are primarily defined by the same phenomenon...denial.
Apparently the majority of Canadian lenders at least fear the coming storm. If you own a property...might want to unload it ASAP
I spent several years working at a major east Asian central bank. The whole world knows theres a bubble in Canadian real estate...except apparently...most Canadians. All housing and asset bubbles are primarily defined by the same phenomenon...denial.
Apparently the majority of Canadian lenders at least fear the coming storm. If you own a property...might want to unload it ASAP
I said back in 2008,"Call me when the bubble bursts". It's 6 years later and my phone hasn't rang yet. So as you said earlier "no one can predict the future" which I will stick by as well.
So until the bubble "deflates", I think I will sit back and watch approximately 140 crane operators across the city do their job do their job. A fine job at that.
And the Chicago area economy is predicted to grow 2.9%this year...slightly faster than the 2.8% growth predicted for Toronto.
And we've already had our housing corrections. Americans have significantly lower debt to income levels than Canada at the moment. Fasten your seat belts neighbors....turbulence ahead.
I thought no one can predict the future? Are we discussing projections and predictions as well? Because if we now are, there are projections for the Golden Horseshoe to pass Chicagoland in population, similar to how Toronto has passed Chicago in city population over a year ago.
There are other projections going forward in favor of Toronto as well.
Some of them are crap but not all.. You are broad brush stroking things.. There are too many variables to come to the simplisic conclusion as you are. If you want to be that way, it is your choice of course. One thing I have noticed with the latest crop is improved design, height and quality so we are moving more into the right direction.
Give some examples of latest crop you are talking about. I have seen many of these new condos and the materials and workmanship are poor.
Roger that Captain Midwest1....Oooohh really nervous...Dunno if i'll be able to sleep on the flight.. Flight Attendant more wine please - anonymous internet captain from the Midwest predicts a huge bubble burst in Canada.
I've had professional realtors tell me there's no bubble coming anytime soon. But some anonymous clown on the internet should be believe over them? Bwahahahahahaha!!!!
I've heard idiots saying that the market is about to crash for more than five years now. They've been wrong every single time.
Give some examples of latest crop you are talking about. I have seen many of these new condos and the materials and workmanship are poor.
Unless you've spent time living in them personally, how can you know that the materials and workmanship are poor?
I have several friends who live in brand new downtown Toronto condos, and the materials and workmanship are excellent in all the buildings where they live.
Like Detroit, Chicago's best days are LONG behind it. That's why Chicago lost population per the census every decade since 1950 save for the 1990s. LOL!
yea chicago is dangerous in specific places, and he was talking about downtown, so not specific dangerous neighborhoods.
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