[VR6GTI]

Originally Posted by Tapioca

Maple Ridge has been hot for a couple of years now. I honestly think it's too late if you want to buy that starter bungalow for less than 500K. But, I guess you're competing with non-Asians who are likely to put subjects in their offers.

Speaking of subjects...

We bought a place in Port Moody at asking price with subjects 2 weeks ago. Townhouse with a tandem garage. Contingency fund is at over half-million. Solid complex and solid unit confirmed with an inspection. For the record, we qualified for our new mortgage on my income alone. Sold our condo privately and rented back from the new owners.

We were lucky as hell (sometimes I wondered what we were thinking), but I hope this goes to show that not everyone is mortgaged to the hills and that not everyone is batshit insane. A detached would have been nice, but at our point in our lives, we wouldn't know what to do with the space. We're not too concerned if the market crashes because well, we're not planning on going anywhere. The price we're paying for housing costs would get us a main floor rental in Burnaby or East Van. Also, people will always want a good family home like ours close to good schools.

Where abouts in PM?