Interesting thing he said about oil not coming down and potash being over bought and anyone wanting to get in should wait for a good 20% pullback.
As far as the real estate, I only heard the first half of the answer to the first question.
How far has realestate dropped since 2006?
The builder guy says 16 - 25% in some areas but much more in other areas. Or something to that effect.
Well some poeple out here where I live went through the big D and they had a property there that was valued at a mill three a few years back. They ended up selling it for $350,000 about 5 months ago.
I see that they have archives. Will isten to the rest this week.
Average cost of a bungalow in Vancouver is $872,000