Housing and Condos are going to crash

[thadude]

Hi Folks,

As the most ill-liquid asset and with stock indexes at a new low (in the coming months) It's my opinion, time to sell those investment properties. No more HELOCS no more anythings, housing is high leverage, and If you think "this time it's different" well you have more balls then I do.

Take care folks

 

[HEYHEY]

Wont happen, you see canada is different. Every canadian real estate owner on paper is a millionaire

And when it does expect massive government bailouts

 

[daywalker11]

On a real basis, maybe. On a nominal basis, not a chance. If it does it will be very short lived.

 

[JackBurton]

I’ve been hearing from naysayers that the housing bubble is going to burst for the past 20 yrs.

Hasn’t happened in Canada yet.

 

[K Douglas]

JP Morgan is stockpiling reserves in anticipation. I'm sure others are too. This is an indication of a pending recession or worse in the next 12 months. Could make this pandemic look like a picnic.

 

[FunkyTurky]

Also, the Realtor are controlling the market, they will either just freeze the price then mark down the price. The seller or owner will rather wait until the market back up, unless they are urgent for cash. and that will be just luck for the buyer find one like that, but its might became a bidding war too.

 

[richaceg]

Not going to happen. Housing is the last one to go. Mutual funds and investments will most likely get sold first. Anyone going to give up on their home property could be in desperation...but most will hold out.

 

[richaceg]

Hi Folks,

As the most ill-liquid asset and with stock indexes at a new low (in the coming months) It's my opinion, time to sell those investment properties. No more HELOCS no more anythings, housing is high leverage, and If you think "this time it's different" well you have more balls then I do.

Take care folks

Just a question...are these just your opinion or do you have a much more accurate analysis why it's going to crash?

 

[fictionfactor]

Also, the Realtor are controlling the market, they will either just freeze the price then mark down the price. The seller or owner will rather wait until the market back up, unless they are urgent for cash. and that will be just luck for the buyer find one like that, but its might became a bidding war too.

many new immigrants and young people did not witness in Canada, house price fluctuations. such as the price dropping eg 30% overnight and not coming back to that level for another 10 years...do you think people would be ok with that? that being said real estate is a good long term investment

 

[fictionfactor]

hold out? if home owners are out of work and they cant borrow more...do you think they can just hold out? or cut there losses?

 

[Ceiling Cat]

Like it or not, housing will lose a third. Due to bad economy, less consumer spending. government spending and bail outs during this crisis and for years coming. Do not expect government help.

 

[WyattEarp]

Real Estate is dependent on the economy. When the economy comes back 2022, real estate will be fine. Interest rates are and will stay structurally low.

I'm reading some mixed things here. Many sellers can hold out til then, but anyone who has to sell will have to offer a price much less than what they would have received two months ago. There will be housing on the market and there will be deals..

 

[icespot]

The market was due for a correction that kept on being put off, by one government action or another. It's just how the economy has always worked and will continue to work. It's going to hurt, but in time the good times will return.

Those of us that lived through the 1988 recession and subsequent market crash know a few people that back then lost 100s of thousands of dollars in real state, but we also know that all those people eventually recouped their losses in the current market.

How much it will hurt will depend on a number of factors that we still don't know.

But there is no point to worry about what is going to happen now, because it's to late to sale your house, what it will be will be.

 

[tml]

I’ve been hearing from naysayers that the housing bubble is going to burst for the past 20 yrs.

Hasn’t happened in Canada yet.

If I had a dime anytime anyone said the bubble was going to burst I'd be able to afford a house.

 

[TeeJay]

The recession is expected to be worst one since great depression

So yeah
CRASH

 

[drewstar]

In the grand scheme of things, doubtful. As long as the GTA brings in more people and there are plenty of rich foreign investors from everyone’s favourite scapegoat, housing will be the last to go because everyone needs a roof over their head.

 

[babyfinsta]

we should all sell our houses as well and just rent...lol.

 

[Jasmina]

We are an instant gratification consumerist society. Everything will be fine.

 

[Phil C. McNasty]

It doesnt matter if the housing market crashes, because in the long run it will go up again.

We were due for a correction anyways

 

[|2 /-\ | /|/]

It doesnt matter if the housing market crashes, because in the long run it will go up again.

We were due for a correction anyways

Was it you who predicted hyper inflation? When is this supposed to happen?