What some people will say!

I was doing a cursory glance through my email on my Treo this morning to see if there was anything urgent to attend to, when I was surprised by a comment that "everyone is saying that real estate is about to take a major plunge downwards." (Of course, a few paragraphs earlier the writer had started a thought by saying "Don't you just wonder sometimes where people get their ideas?" Don't you just love irony?!?)

I sent a reply pointing out that, actually, not everyone is saying that, and linked to a CMHC publication last month that the Canadian market is moving to a balanced market from a sellers' market. (Not ideal for buyers, but better.) But the bigger point is that it is dangerous to listen to "everyone thinks" or "didn't you know..." type thinking. There is an article on this point in the April issue of my newsletter. If you would like a copy, let me know (no charge, no obligation; available in hard or soft copy).