Every day the fire conditions worsen. It's getting bigger, closer and faster people. And the useful idiots in the offices of industry associations and mainstream media outlets keep proclaiming that the tree on the edge of the fire is still growing.
If you buy a house today, you are either economically ignorant or a fool. And you know what they say about fools and money. (H/T to many of you readers for the links and tips in comments lately).
Just because folks seem to be picking on Cameron Muir's inability to look in the mirror and predict what he'll see, I figured I'd make it easier with a little help from the fine folks over at VancouverCondo.info.
Some of my personal favourites include:
“There is no indication, at this point, of any kind of substantial decline in prices,” July 2008Read more here.
"Muir said home prices have been declining since their peak in the first quarter of 2008, but on balanced over the year, he expects the $453,000 average price to remain three per cent above the overall average home price of 2007.Muir expects the average home price to decline nine per cent to $413,000 in 2009, but downward pressure on prices to ease by the second quarter of next year as homes become more affordable and inventories decline. Source. October 2008