Quote:
Originally Posted by Tapioca
Since everyone who doesn't own that coveted detached house is hoping for a crash, let's think of "what if".
Let's say the prices of detached houses in East Vancouver/Burnaby fell to 3 times the median family income. This would mean the average home should sell for 400-500K.
Who here has 100-150k sitting in the bank? Who's actually ready to put down that 20% and can service the payments?
|
Im crossing my fingers this will happen but thats only a dream.
I could buy a detached house, rent it out. Live in my townhouse and wait for the market to come back in a few years.
