[Rickson9]

Just wondering what some of you out there are wondering in regards to our RE market.

Personally...I think at best we can hope for a plateau in valuations....but probably a 'correction' is in the future.

Gov't is in a rough spot...I think they want to raise rates a bit to slow the RE market (definitely don't want a crash like the states), but increasing rates will slow the economic recovery...

Opinions?...

I have no opinion on this since I'm an utter failure at predicting the future.

However, having said that, I don't see anything reasonable in the Toronto RE market at the moment. So far my wife and I haven't found anything interesting.

We don't base decisions on our opinion of the future or other predictions. Actually we consider thinking about what may or may not happen to be a waste of time - time better spent looking for deals.

In general my wife and I look around to see if there is a deal in the asset class we're interested in. If there is a deal, we buy. If there is no deal, we just sit around and watch DVDs.

 

[Rickson9]

http://www.vancouversun.com/Home+With+legendary+Robinson/1936523/story.html

Cool story. Thanks for the link!