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| View Poll Results: Is the Vancouver real estate market a speculative bubble? | |||
| Yes it is a bubble |
   
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8 | 34.78% |
| No, prices will stay high |
  
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7 | 30.43% |
| Prices will go higher, buy in while you can |
  
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8 | 34.78% |
| Voters: 23. You may not vote on this poll | |||
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#1
04-17-2006, 05:33 PM
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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
__________________
If you see it, can take care of it, better get it or put it on hold. Otherwise, it'll be gone & you'll regret it! 
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#3
04-17-2006, 06:22 PM
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Rentals will range from $900-1800/month depending on area & size for a suite-small home. Housing prices, including rentals, are nuts.
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#4
04-18-2006, 03:53 AM
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OK my plan is to resurrect this thread annually for the next two or three years and see what the outcome is.
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