Quote:
Originally Posted by go_leafs_go02
I may be moving back to Metro Vancouver within the next few weeks, and man, a housing crash would be the best possible thing for me. For what I could buy here in Ontario for a medium sized suburban lot, I'd be looking at a tiny 800 sq. ft strata apartment somewhere in Langley.
If I do, I plan on renting the first few years, but to buy a house without that "bubble" bursting, would be extremely difficult.
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That's probably one of the more short-sighted comments that show almost no knowledge of economics.
I wonder how the tens of millions of unemployed people in America (an amount equal to the entire population of Canada, in fact) who lost their jobs AND all equity in their homes feel about being able to buy a cheaper house. Fact is there won't be a collapse in one sector that won't end up making everything bad for you.