As most of you know, the US economy is taking a big dive currently. I’m not sure if I’m happy or sad about that. On the one hand, a sagging US economy will undoubtedly lead to effects on our Canadian economy. One could easily reason that will lead to lower housing prices. On the other hand, much of my RRSPs are tangled up in mutual funds which gone down in value in the last few weeks. I now also have less buying power.
Will housing prices drop lower than my mutual funds? That is the question I need answered.