Re: When Real Estate Markets Peak?
and yahoos now think that they are real estate experts just because they can flip a property. Recall how people ebcame day traders and starting thinking of themselves as some financial geniuses in the pre dot com bust era. The same is set to repeat in real estate. You dont need a crash to mess people up, all you need is a slow down, when heavily leveraged investors would not be able to flip properties as quickly, and afford mortgage payments on properties they have.
Toronto real estate market is full of such stories if you look back in the late 80's early 90's period.