Quote:
Originally Posted by MrPhreak
I am ready to buy, but I haven't come across any properties in Van so far that work well for me. Pretty limited selection and I just don't feel most of them offer good value for my hard earned dollars. I am also worried that the market is going to slide back this year.
My realtor has decided to ignore the criteria I provided and is now urging/spamming me to buy a shitty property in East Van ASAP or I will be priced out of the market forever... FOREVER! BUY NOW!!!  |
nothing is worth your hard earned dollars. Every property is currently at X2 of its value.
I was worried it would slide back two years ago, and prices only rose from 280k, to 380k, to 480k this year. Jokes on me.
Only difference is two years ago i did not even have 5% down, now i have over 10%, but who cares when prices rose 200k.
Only one thing will cause a crash. Interest rates rising. Its starting in the US, but it has not hit canada yet.
On a side note, bid on two more properties, overbid by 35 and 25k
