Comments on: Extreme

By: Smac20

Smac20 — Thu, 26 Nov 2009 21:20:36 +0000

This has been a wonderful read. I am a late 20 something professional and become increasingly discouraged by the property market in Vancouver. Is Vancouver really that wonderful that you need a dual family income just to afford a 1 bedroom apartment? These are the kinds of stories I hear all the time. Who in their right mind thinks a 40 year amortization period is realistic?

It’s time for fundamentals to rebound to a normalized level. Can housing prices continue to clime with the boomers moving to the renesting stage–hello care homes?

Further, for those of you that believe the world will buy Vancouver after the Olympics so the next big boom is around the corner, chomp on this: there has never been a sustained real-estate boom after Olympic Games in the host city ever! So what makes Vancouver different?

By: Joe

Joe — Thu, 26 Nov 2009 04:16:16 +0000

Thanks for all the advice, I think I am going to wait it out, and not buy that house. I am also thinking we are going to follow Alberta like someone suggested… There are always going to be other opportunities, as someone else suggested… As for those who thinks this is fake, and that I must be lying… GET OVER IT, IT’S ALL TRUE.

By: Kent

Kent — Wed, 25 Nov 2009 18:22:24 +0000

This guy is messing with you Garth. He cannot be for real.

By: Increasing that 1%

Increasing that 1% — Wed, 25 Nov 2009 17:12:57 +0000

Re: $fromA$ia (Thinks Nostradamus makes more sence than Marc Carney!) on 11.24.09 at 10:46 am

–Which Nostradamus are you referring to, or would it be both of them?

As for Joe, you need to learn a little more about Garth- the guy you’re asking advice from…. regarding what could be one of the worst financial choices of your life..