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hysteria, that's all it is with locals.
it happens every so often in all assets, from tulips, to equities, bonds, and right now real estate in vancouver.
it comes, it goes. those that win, cash out when the time is right - only difference here is that a family home isn't really an investment like equities that can be emotionless-ly cashed out.
ok, so the real winners are those that bought rental properties with yield back in the day that cash out.
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