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<p>[QUOTE=&quot;blooey, post: 1817643, member: 12007&quot;]Well we&#039;ll see, won&#039;t we!</p><p>Remember that housing sales (without speculators, who will mostly default in the coming months) require mobility, i.e. people moving from one home to another. I just don&#039;t see too much of that happening while the virus is still around.</p><p><br /></p><p>For a while, prices will remain stagnant as there will be no sellers and no buyers.</p><p><br /></p><p>Meanwhile, without customers, the over extended house flippers and property speculators will go broke and flood the market with empty houses and condos.</p><p><br /></p><p>Condo developers won&#039;t be able to get financing either because they need a percentage of &quot;pre-sales&quot; before the banks cough up the dough.</p><p><br /></p><p>Supply will be huge and demand very low. That&#039;s when the prices will collapse, which is probably a good thing. Perhaps people will once again be able to afford to buy a home where they live instead of being shut out of the market by property speculators. I certainly hope so.</p><p><br /></p><p>So it&#039;s a bit like musical chairs, hopefully you got your ass in that seat before the melody quit.[/QUOTE]</p><p><br /></p>

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