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View Poll Results: Is the Vancouver real estate market a speculative bubble?
Yes it is a bubble 8 34.78%
No, prices will stay high 7 30.43%
Prices will go higher, buy in while you can 8 34.78%
Voters: 23. You may not vote on this poll

 
 
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Old 04-17-2006, 05:33 PM
SeaHorse_Fanatic SeaHorse_Fanatic is offline
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Dave,

There are no fixer uppers for $300,000 in the Lower Mainland anymore. If you head much farther out, away from the Vancouver/Burnaby/Richmond core, then you might find something in the Valley. A crappy place around here is $400,000+ now.

People are crazy. They lined up all night for a chance to buy one of 8 townhouses/condos up in Port Moody at over $400,000. Those who bought just grabbed the closest one & they sold all 8 units in 15 minutes.

Imagine having to make a life-altering decision in under 15 minutes & tying up your wages for the next 25 years that quickly. "Honey, who cares if its ugly, lets buy it now & worry about it for the next quarter century later." Crazy.

Anthony
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