This from Drachen at Vancouver Condo Info on July 11th, 2008 at 12:26pm -
“Psychology seems to be shifting too. I just had a chat with a friend of mine who sold last spring (after I pointed her here (Vancouver Condo Info) and to several other blogs). For a year she’s been enduring, “You’ll be priced out of the market forever.” and similar comments from friends and family. Now she says for the first time some of them are starting to say, “Hmm, maybe that wasn’t such a dumb move after all…” Another friend who was so confident in the market a year ago she bought a second condo is panicking over whether she can sell it in time (it needed rain shielding and is waiting on a couple more fixes before it can be certified). She’s hoping to have it on the market by mid July. Both of those represent a 180 turn in psychology from a year ago, if this is normal we’re about to see that “rush for the exits”.
