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Been house shopping for the past 5 months. Flying back from HK every month or so looking at houses and putting down offers. Seeing asking prices $300k-$400k over 2014 assessment and still getting sold. Getting outbid by fuckers going $100k-$200k over asking price with zero subjects.
This is really getting stupid for a place that practically doesn't have an economy and sustainability. I love everything about Vancouver but damn, its really getting played out and its quite obvious which group is doing this.
Even with a $2m budget (after build) I can't find anything I like with a good sized land in Richmond. I just can't afford to play this crazy game. Wife and I decided to wait it out and watch the market adjust. We're willing to wait another 3-5 years if that's what it takes. I'm in no rush to buy a place, just in a rush to move back for my kid so he gets a "normal" education.
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