Quote:
Originally Posted by adambomb
I think someone has the ex-girlfriend syndrome with Vancouver, which is their reason for coming back to this thread.
Think of a guy sitting at home in his underwear, eating cheezies, looking at the facebook page of his ex-girlfriend (Vancouver) and stating how fat and ugly she has gotten. How terrible of a person she is. Describing how it was the best decision ever to break up. How the new men in her life are fools for spending time with her and how there are so many other girls out there who are better than she is.
Yet, this same guy keeps coming back to the same page of the former ex, to see how she is doing, to see how much fun the new men are having, day after day, for the past 4 years.
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not in the slightest, i have a vested interest in vancovuer (my family, my better half's family) - i am connected to the city whether i like it or not.
i will have spend part of my retirement in vancouver (the sunny months)
it comes down to this - i know what vancouver was, how great it used to be. since that time when it was a humble town, it has become a lot worse but people keep on shouting how great it is.
after having lived in 4 countries on 2 different continents and having traveled extensively around the world, i can conclude that the average person is close minded and keeps on banging on about how great what they know is - the thing is, it may be great, but you don't know what else there is until you make that decision to open your eyes.
i'm just the devil's advocate here, trying to open the eyes of people who are blinded by the atrocious local media and blind mindset of the average person (best place on earth, vancouver is different, real estate only goes up, china is an endless supply of money, everyone wants to live here).
and how does all this tie back to van real estate: well, just look at the UK, an event has happened (Brexit), real estate will go down there, the GBP has already cratered. It only takes one thing to create uncertainty for the whole house of cards to come crashing down. Will UK real estate crash down? well, it's not as inflated as vancouver's, so perhaps valuations will just get better, but vancouver's real estate is built on stories, bad government, and general BS - it will end (perhaps when the NDP are voted in).
nothing, ever, in the history of the world has ever been a sure thing (other than death and taxes (in the modern world - taxes were brought in to pay for the war effort))