[MoBettah]

Originally Posted by LiquidTurbo

Fascinating article, worth a read..

Vancouver Secretary’s Urgency To Buy Condo At 7.7x Annual Pre-Tax Income –

Comment really nails it:

"Cultural family and peer pressure is one of the main drivers of RE in the lower mainland."

How is that different from anywhere in the world. The idea that this is a local or "cultural" phenomenon is pure BS.

I can't remember the last time i heard Obama make a speech about the economy that didn't include a line similar to "the american dream of home ownership".