Monday, March 10, 2008

Quote of the Day

From Edmonton site WorkingTogether:

Most of the major analysts agree that within the next 3-4 years we will see a repeat of 2006 in terms of amazing shortfall of inventory. We can expect prices to see dramatic increases again at that time. Wouldn’t it be nice to be positioned to take advantage of those gains? And not have to fight in it to get a piece of property once it starts?

This is the first time I have heard this forecast from any analyst. Because of this I doubt it being agreed to by "most of the major analysts". When will we get back to selling homes on their own merits and not in preparation of some imagined economic shock?

3 comments:

Anonymous said...

Sounds like some realtors want to cash in before the market crashes.

Anonymous said...

I went to this site that you quoted, and read through the post. He quotes some pretty reliable sources there. I'm not sure what you're making fun of, this guy seems to know what he's talking about. Reading through the posts of others on that site, he also has some really strong supporters. Hmmm...

BearClaw said...

care to elaborate on the reliable sources that support the claim?