Are Housing valuations fair? Same as oil, what’s fair All great points on ATH assets and fair price. Chris, I wish the market was as methodical as you. But it's not. My prediction of never under a $1 again is a couple days off. because of no OPEC agreement holding it back. But the bottom line is the money has not come back to oil. Canada US housing prices are too high? Fair? Too low? And what does this have to do with oil and ATH?
Pricing is all supply and demand. Pricing is speculation led. Like all the factors on all below posts. Nothing goes in methodical increments, sorry Chris. Crashes and booms in oil, housing etc without warning are the norm. But if there is demand like there is for oil, the boom will come. Valuations of every point mentioned will exceed expectations and a crash will follow. I'm betting on the short term (weeks) the rise of ATH. If no buyout, which I have predicted for a long time and not been right yet, then Midterm (months) ATH steady and by end of next year if it isn't taken out, a ridiculous price. Line 5 shutdown and line 3 stabilizes WCS price after the flurry and then trans mountain to take WCS back up will take this through the roof until the next crash in a few yrs.
still have a hard time believing this won't be taken out just for debt carry forward.