Metro Vancouver-Fraser Valley Real Estate Information-Home Sales & Listings-Neighbourhood Information- World Affairs-Economy - Compiled by Don & Patty Klassen...Realtor Associates with Prudential Sussex Realty
Don't Celebrate Yet!
A Tale of Two Streets
“For once, a much weaker economy may be needed, if only to put Main Street and Wall Street on the same page.”
Catch 22. Either way, Congress is going to take the rap for whatever happens from America’s worst financial crisis since the Great Depression.
In acquiescing to a sceptical Main Street, Congress voted thumbs down on the Wall Street bail-out package, leaving the country’s, if not the world’s financial system exposed to further price declines in the U.S. housing market.
Given the state of affairs indicated and predicted by knowlegable, U.S. and Canadian financial experts we should expect some adjustment time before we can celebrate. And what about our own market?
Watch for clues to the mid-term future of our Real Estate market.
Incisive commentary posted soon.
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