Quote:
Originally Posted by Mr.HappySilp
Not trying to shit on fellow RS but this thread have started in 2012 and now it is 2104 and there still haven't been that bubble burst. I mean sure price might be stable or decline but I don't see a burst anytime soon.
Interest rate seems to be down and I think it still stay down till next year. I think if people wants to buy a place to live in for the next 15+years I don't see the reason not to go into the market. Real estate is meant to be a long long investment (10+years). With renting you are always renting, but if you purchase after the mortgage is paid off, all you really need to pay is starta fee (assuming is an apartment, town home) and property tax.
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I think this thread has become a - vancouver real estate thread, rather than real estate bubble.
its more for members to get information or other users opinions on housing / rents / real estate markets etc.