Quote:
Originally Posted by Ludepower
This Garth Turner guy is the extreme version of 4444. He profits from his daily blog babbling the incoming crash. Like you said, the people that listened to him (me being one of them) missed out on doubling their profit on real estate if they bought a couple years ago.
Now especially would probably be the worst time to buy but you cant live with regrets or fear or time the market.
Both couples need solid careers with help from the parents.
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it's like there's a cult around here.
a one asset strategy for building wealth is stupid. it will all crash / revert to mean, and people will be left with ruined lives.
outside forces will eventually make right the wrongs of this real estate market... eventually, your own government may even do something (don't hold your breath).
you live once, so what if something doubled - you only win if you sell and realize the gain. most are afraid to sell right now as they think they'll be priced out of another place due to all the questionable buying in vancouver.
don't be fooled by the media, joe normal isn't the victor here, questionable ethics and money wins in vancouver, not locals.. unless you've liquidated and fucked off elsewhere