Quote:
Originally Posted by UFO
Odds are though, it's actually locals who you would be getting outbid by if your eye is on Langley.
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It's the domino effect. The people that used to afford Vancouver were outbid by foreign millionaires. That trickles down and pushes everyone out further to the point where I'm competing with people who would normally be buying a place much closer to Vancouver.
Anyways, for the people who bought in at the right time what is your beef the government doing something about housing prices? You already won. You already bought your house at a great price, and are paying a mortgage that you are comfortable with. If you bought two years ago and gained 200k on paper, and that suddenly disappears who cares? You never earned that money to begin with.
Unless your plan was to sell and move to the interior soon that money you gained didn't mean shit. Enjoy your house and your low mortgage payments and enjoy the fact that you don't have to worry about getting in the market at the shittiest time in history.