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Real Estate Sales Representative with Century 21 Foothills Real Estate Lethbridge
I really wish that there was a bust of the balloon in S. Alberta.  I find so many people are being priced right out of the market.  What used to be a nice 3 bedroom home that would sell for 150-200,000 is now upwards of 260,000.  Maybe the prices will come down to a more affordable level, but I doubt it.  What we need now is a lot of lower prices town homes or 1/2 duplexes that the starting out families can afford. 
Michael (Mike) Elliott
Nottingham Real Estate Group - Hamilton, NJ
be careful what you wish for. When a balloon is deflating, everyone is paralyzed with fear, and no one moves until it's out of air.
Nov 27, 2007 04:33 AM
Esko Kiuru
Bethesda, MD


Looks like what's happening up there took place here three years ago. And now we have a mess in our hands. If household incomes can't keep up with escalating home prices, the market will reverse itself sooner or later.

Nov 27, 2007 04:42 AM
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate
If they're being priced out of the market, it's only a matter of time before the market reaches it's peak. It's not really a balloon burst unless the values suddenly take a drastic fall and people lose their investment money overnight. But declines are inevitable. That's the nature of the beast =)
Nov 27, 2007 04:59 AM
Robert Havana
Park and Protect- Alberta Real Estate License Parking - Calgary, AB
Alberta Real Estate License Parking

Way to go Chris, you made the baloon burst with all your wishing.  Now can you start blowing it back up again please?

Mar 08, 2009 07:25 PM