Quote:
Originally Posted by Z3guy
^ if everyone listen to you no should buy and wait for the "right fundamentals". In any business you can look at the fundamentals and know when it is the right time to make a decision, however, you are normally too late. LOL.
In regards to iEatClams comment, I agree with him. All I have to do is look at my 6 neighbours that have moved and bought in my neighbourhood and they are all Asians.
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that's absolute BS. the right fundamentals are around about as much as they're not. Just look at the states for the last 6 years - fundamentals have been all on the buyer's side. Before 2001, 2002, the fundamentals in Vancouver had been right for about 2 decades or so. This recent run up since then has been a recent thing, and is not the new norm. Just so we don't forget, there was a huge influx of HK money from the early 90's... yet prices only started running up from 2001... 2001, dot com bubble burst... low rates started to come in and have been here ever since. But idiots will believe what the media feeds them, stories of magical HAM (one week, then next week it's newspaper stories of locals buying up all the real estate - how do you HAM humpers respond to that?)
And looking at your neighbourhood having 6 new Asian familes moving in. First off, Vancouver is what, 50, 60% asian, how do you know these people weren't born and raised in Canada, or moved here from HK 20 years ago? What says they're the HAM from offshore?
Again, anecdotal evidence isn't evidence at all.