Quote: Originally Posted by Scott Free
I really doubt anything is going to be "normal" ever again once the dust settles from this one.
I tend to agree with you as far as things being "normal" in the US for housing.. I doubt that much will change in Canada as our structure was already much different then theirs.
I think those who believe 18 to 30 months for this to stabilize might be at the extreme.. Yes I understand the logistics but I also see the new regulations and a push to stabilize those who can meet their housing payments being transfered into a more reasonable arrangement will soon be put forward. The collapse has to end and I am sure Obama will see the need to have it sooner then later. Requiring banks to transfer people into better accomodated loans is the best options.
Lets think about how many more Banks will want sub-valued properties so to flirt or even go into bankrupcy ?
I think an alternative will be much more appealing..