Garth Turner, the GreaterFool
In 2008, when he wasn’t mercilessly insulting realtors, he was touring the country, pounding the table and adamantly advising everyone to refrain from buying a house. He even published a book entitled “After the Crash.” Now he blames the victims of his advice:
- “Waiting was your decision.” Garth Turner’s reply to commenter complaining about missing “an opportunity of a life time” by not buying. http://www.greaterfool.ca/2013/07/22/dear-garth-3/
- “If you want lower house prices, people, stop buying. There’s nobody to blame but yourself.” -Garth Turner http://www.greaterfool.ca/2013/07/23/aliens/
- Here’s what he said Oct 28, 2008: “I forecast a minimum valuation drop of 15% in Toronto and 40% in the West.”A 40% drop would mean a median price of $234,000. Today’s median is $440,000. Epic fail.
- “You will be basically unable to sell your home.” In Calgary, there’s such low inventory, you are “basically” unable to buy a home.
The following came from a notorious Calgary-hater who posted on my blog many times saying how he detested Calgarians and that he would never buy a house here. Five years, ago he said:
- “My wife seems to think there wont be a bad crash in Calgary, and that the median wont correct to $250K. We had a big argument about this. I think it will crash hard by what I am seeing.”
Somewhere he reversed direction:
- “Dont wait in hopes that prices will come down because in Calgary you will wait forever.” – Calgary Rip-Off, proud Calgary home-owner http://www.greaterfool.ca/2013/07/23/aliens/
He doesn’t agree with his buddy Garth:
- “The only thing ridiculous(about Calgary) is housing. And the argument that you can force house prices down by not buying is nonsense. “