Good morning.Now it’s very early in the morning and I don’t normally write at this time but I have videos and another blog to write in a couple of hours from now. So I am making this time right now to talk about what has happened the last few months that I have been gone from this site. So I will just get to it. Anyway, I have seen evidence of what this economy in Calgary has done to the whole housing market. It has driven prices either sky high or have sunk them. So now buying a house is somewhat impossible since the demand isn’t there while the supply is higher than expected.
Now I have driven through my neighborhood and I have been seeing a lot more For Sale signs than I have been used to since living in this city from way back in the 1980s to right until now. I think that we are going to see a lot more people just walk away from their homes and forget about paying their mortgages to the bank because this has been the worst recession that anyone has really seen. Hopefully things really do pick up business wise but that isn’t happening anytime soon because according to some economists it will take another couple of years before things return back to normal.Another words, things will not be normal until the year 2020 or 2021. So it seems that the economy and the housing market will be unchanged in the next few years.
But still, residential and commercial buildings are being built almost everyday here in Calgary. So there is some hope for us to even achieve financial prosperity but the way things right now with the oil price and having my money being spent most of the time. I will have to find a way for money to come to me even though this is an impossible goal in itself.
That’s all for now. I will be back in May.