Quote:
Originally Posted by Traum
^^ As a rule, I'd tend to avoid that area since there are gobs and gobs of inventory there. Essentially, the way I look at it is, when it comes time to sell your unit (because nobody lives in their first time purchase $350k apartment forever), it is going to be a tough sell.
But that's just me and my worthless 2 cents.
|
This is exactly what I thought when I owned in Brentwood.
We all know what's happened there. My personal view is that there isn't enough supply in the sub-500K category north of the Fraser to satisfy the demands of millennials who are now entering their first time home buying years.
There's no logic to real estate in this market anymore. Therefore, buy what you can afford and make sure you can live in the home for at least 5 years.