Housing Blog Impressions???

I was just curious of what you think when you stumble accross Blogs like these? What were you looking for? Did you find it in the content, links, etc.??

I stumbled accross Housing Blogs when I was selling and looking for a new Home. I just couldn't beleive the prices that people were asking and I got suspicious and started looking for more info.

While Canadian Blogs are still forecasting a real estate correction, American Blogs have had their predictions realized. It was interesting to read, last year, the debates on those Blogs. Now there isn't really any debate, the Housing Bubble has popped and the media has even started to report what these Blogs had been forecasting 2 years ago.

Fraser Valley, BC Real Estate STATS are out.

The January 2008 Housing STATS for the Fraser Valley are out. LINK.

"(Surrey, BC) – The Fraser Valley Multiple Listing Service® (MLS®) January 2008 statistics reveal an increase in selection for buyers and continued price increases for sellers in the Fraser Valley."

Are Housing Blogger's Right about the Housing Crash??

Are Housing Blogger's Right about the Housing Crash?? I would have to say they nailed it with the US Housing Market. It will be the Canadian market next, especially Alberta (which is 6 months into a correction) and BC.

It's been awhile since I posted here, and I thought I had shut this Blog down. Well it's still open and it was interesting to take a read down memory lane.

I started this Blog up to help me collect and organize information on what to do after I sold my house. I ended up buying back in last year, but still feel that the BC Housing Market is going to correct. I am more sure of this now then I was last year.

So am I disappointed that I had bought and didn't wait for this correction to unfold? Not really, making some money would have been nice, but I also enjoy my place. It is my primary residence and not an investment property. If I was flipping, then I would be listing! I have paid off all my credit cards, home equity loans, and will be saving this year. I predict price inflation is next and we will see higher interest rates.

Remember when the TSX was around 14,000 and the Cheerleaders (Economists) were saying that investments will be ever increasing? Listening to the excuses for the recent drops, the reasons why we should buy into it, and the Central Banks cutting rates, is really interesting and scary. It looks like we aren't going to have a soft landing and there are going to be a lot of people hurt by this.

2008 looks like it will be another interesting year for Housing, Stock Markets, and Economy.