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Old 04-07-2016, 09:04 AM   #5592
melloman
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Honestly, it's not about how much someone makes, it's the bank giving out these crazy approvals for mortgages people can't sustain.

Same shit happened in the US. 2008 housing crash, peoples interest rates went sky high, they couldn't afford their home anymore and had to either sell or foreclose on it. The issue with Vancouver is, if this happens, the locals get pushed out and the foreign investors stay. Locals are stretching themselves to get into the market because of; panic.

I will happily wait and see if this crash ever happens, then cash in on the poor souls who can't afford their stupid decision anymore.
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