They Have No Idea…

In other words, when 70% of families own houses and have more mortgage debt than anyone imagined possible, we’re probably going down. In fact, just five days ago F himself talked about Toronto’s loopy condo market, and used the word “crash.” And Mark Carney might as well go to work in a hearse and shave with a scythe just to make his point a little clearer.

The odds of these people having better market stats than the rest of us are about 100%. But the little bit we already know should clean out your colon quite nicely…

http://www.greaterfool.ca/2012/05/02/they-have-no-idea/

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