Bloodbath postponed for five years
“House-aggeddon” was supposed to have happened every year between 2008 – 2011. No luck.
After the mortgage rule changes, a devastating crash was predicted for 2012. No luck.
A crash of biblical proportions was forecast for 2013. That one’s gone by the wayside.
Now its been delayed for another five years according to this gem from GreaterFool.ca: . “If so many people are rushing to lock-in pre-approved mortgage rates while home prices are still high, how bad is it going to be in 2018 when the rates are closer to 10%??? Its going to be a bloodbath!”