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While I can agree with you in saying that real estate is generally a solid investment that's certainly not always the case as evidenced by the US market crash in 2008. I lived in NY for seven years and saw first hand what happened to the housing market when it all came crashing down. Sure Vancouver is one of those few places in the world like HK, Manhattan, London et al where there's only so much space and property will always be worth a decent penny but a bubble is a bubble and it will happen when the major markets take a dive and the chips get called in.
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