Quote from: Sourgummies on September 18, 2015, 08:24:05 PM

Quote from: spazzdla on October 09, 2014, 04:00:09 PM

Almost all of my friends are 100% or 99% invested in real estate.....

Almost every chart I look at implies Canadian housing is in a MASSIVE MASSIVE bubble.. our ecom is real estate..

When it fails I am wondering if others think BTC and PMs will lift off.

You must live on the west coast,this real estate market is going to blow and people are going to be committing suicide left and right.
I know guys that have never worked a day in their lives that just flip houses and have made decent coin but they also overextend themselves and reinvest due to the Asian influence on our prices.
When the bubble does burst it will effect me more in a work related sense as the new construction permits will flow to a trickle.
Jobs will be put on hold as companies that also speculated go under. Its going to be nasty if the day comes because a lot of people have taken out loans against their current value of the house or they are paying max just to get into the market. If the value goes up or down to fast people can catch heat.

I do not see people flooding to bitcoin when that happens though. More likely it will be to late for a bunch of people.
You watch t.v and the news will parade real estate agents through telling you now is the time to buy,have they ever not said that!

How fast and far do you think the TO area will fall if at all?

It seems this game could go on for decades :S..