Quote:
Originally Posted by Hondaracer
every new outlet reporting on the "down turn" was only using assesment value as the indicator
and every property i'm speaking of where i know the owner could be sold above assessment value, period.
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Sure, you 'know' do you? The only way you know is if you actually sell
Te second best is to look at an extremely similar property down the road selling within last 21 days or so. You 'knowing' means nothing
Prices are coming down - they will continue to go down.
I don't 'know' this because I think I'm special or because I refuse to think I'm wrong, nor is it because the media says this or that, it is because fundamentals mandate price. Fundamentals have been calling for a correction, it's coming, you can drink all the Vancouver Kool aid you want, and make this and that claim, but economic truths rule here
Do you even live by yourself or work a real job? Based on these answers, I'd hope not - when you get into the business world, you'll start to understand that life is totally different to what you think it is... And for most, it sucks as they don't get that great paying job that they figured they deserved, especially if you stay in Vancouver (not speaking from personal experience, but I could make way more in Calgary, Toronto, or in the US - economies drive prices, FYI, not Kool aid)