Quote:
Originally Posted by bing
LOL @ 40% drop.
|
They thought he same in Phoenix, Miami, LA, etc.
No one knows where it will go, but 20% wouldn't surprise me, 40% wouldn't surprise me - only 10% more down would surprise me
A without a significant shift of some sort, real estate goes up with inflation - going back to mean would see a 40% or so correction... Vancouver has had no significant shift of any sort, so there is an arguement to support it