Comments on: Psst… Wanna Buy a House

By: Jason

Jason — Fri, 27 Jun 2008 16:13:33 +0000

The real estate here is a suckers game now… this isn’t New York.

I am starting to notice rent is dropping now too.

My worry is that Vancouver’s economy is built on the real estate price increases. What happens when the prices drop to real world values?

I agree that the US is a good example of what’s on the way.

By: Jim Jamieson

Jim Jamieson — Thu, 26 Jun 2008 04:51:11 +0000

Like the comment on your link said..

The Olympics are coming, prices will go up, the Olympics are coming!!! The last one to trust is a realtor.

I’m with you – I am going to sit for the next 6-9 months and watch this ‘correction’

I can see it when I watch the MLS. Houses are dropping (re-listing at a lower price -nice trick) everywhere outside of central Vancouver.

I sold a year ago, banked the money, renting for the cost of taxes, maintenance and a $200K mortgage. And it’s a lot better than the home I owned.

By: Rob Chipman

Rob Chipman — Wed, 25 Jun 2008 20:42:46 +0000

How about this: we’ve missed out on 5 mulitple offers in the last two weeks. Anecdotal reports of the death of this market are exaggerated. It’s certainly changed from a red-hot record breaking beast, but we haven’t seen many price breaks yet.