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Of course with a crystal ball they look like idiots. You could call a guy who worked 24/7 in his youth so he could have a big house and retire early instead of spending more time with his family only to die from an illness a few years beforehand an idiot too.
Not everyone gets to ride out the wave when their house loses value, and when you're forced to sell and 200k in the hole they might have wished they didn't listen to everyone saying Vancouver is different when it comes to housing.
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