Quote:
Originally Posted by Liquid_o2
A 25 year old, 2 bedroom condo in Burnaby just sold for $100,000 over asking.
Who the hell are the people making such irrational decisions? My gf and I are ready, but we aren't going to be stupid. Going to sit on the sidelines and wait to see what happens later into spring and summer. If the prices keep going up, fine. So many people out there are idiots.
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Supply in the condo market has been low for quite some time. It's a lousy time to buy entry level homes.
Lots of things can drive people to desperation: evictions, pregnancy, or getting outbid numerous times.
Changing up your strategy might work too. Instead of Burnaby, try Burquitlam, Sapperton, uptown New West, or Port Moody Centre.