Comments on: Hold Off Buying That New Home http://thesecretsofvancouver.com/wordpress/hold-off-buying-that-new-home/all-about-vancouver “Where Just Being 'Right' Is Wrong" Thu, 18 Mar 2010 13:31:32 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: eug http://thesecretsofvancouver.com/wordpress/hold-off-buying-that-new-home/all-about-vancouver/comment-page-1#comment-45 eug Wed, 16 Jul 2008 19:18:24 +0000 http://thesecretsofvancouver.com/wordpress/?p=79#comment-45 Vancouver better be careful.... this market does not look good... The economy is not doing well enough to sustain these prices.. and we don't want to head into a major recession!! All one has to do is look up information regarding previous recessions in Vancouver... The great depression being the most disadvantageous. For example, a large house in Shaughnessy would have cost $30,000 in 1920 (Glen Brae House) -$820,556.25 in todays dollars taking into account inflation... 19 years later, that same house sold for $7500 in 1939 ($118,065.65 in todays dollars). That is an enormous decrease!! The real estate market is NOT a sure bet... this is what people have to remember! House prices do... and WILL drop. Vancouver better be careful…. this market does not look good… The economy is not doing well enough to sustain these prices.. and we don’t want to head into a major recession!! All one has to do is look up information regarding previous recessions in Vancouver… The great depression being the most disadvantageous.
For example, a large house in Shaughnessy would have cost $30,000 in 1920 (Glen Brae House) -$820,556.25 in todays dollars taking into account inflation… 19 years later, that same house sold for $7500 in 1939 ($118,065.65 in todays dollars).
That is an enormous decrease!! The real estate market is NOT a sure bet… this is what people have to remember! House prices do… and WILL drop.

]]> By: Robin, Florida http://thesecretsofvancouver.com/wordpress/hold-off-buying-that-new-home/all-about-vancouver/comment-page-1#comment-39 Robin, Florida Mon, 14 Jul 2008 17:57:01 +0000 http://thesecretsofvancouver.com/wordpress/?p=79#comment-39 WHAT??!! Are you trying to kill the housing market in Vancouver??? Please don't tell anyone!!! Let them find out for themselves later. Instead, you should be urging them to buy a house, and the more expensive, the better. Let's keep the market propped up for as long as possible! WHAT??!! Are you trying to kill the housing market in Vancouver???
Please don’t tell anyone!!! Let them find out for themselves later.

Instead, you should be urging them to buy a house, and the more expensive, the better. Let’s keep the market propped up for as long as possible!

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