Vancouver Real Estate Anecdote Archive

“I keep trying to tell my wife that Vancouver is a city living on credit and home equity loans, the music will stop soon. She doesn’t buy it anymore.”

6 November 2009 · 1 Comment

This account of RE related spousal discussion from DaMann at vancouvercondo.info Nov 6th, 2009 at 12:01 pm -

“I really don’t get this silliness. My wife says “I don’t care what anyone says, there is no recession in Vancouver”. All she comments about is the wealthy cars, and stupid prices of RE. I keep trying to tell her that Vancouver is a city living on credit and home equity loans, the music will stop soon. She doesn’t buy it anymore. She IS starting to believe it’s different here. Shit, so am I!!!??!?!? EVERYTHING is defying all logic and reason. Sure, I know people are buying places based on variable rates of 2% but even at that, I still can’t fathom how ( or why) people are buying and getting $700k mortgages on $100k household incomes. Man I can’t wait for rates to go up!”

Categories: 05. Where do Buyers get the money? · 10. Demoralized Renters? · 14. Social Effects of the Boom
Tagged: , , , , , , , ,

1 response so far ↓

  • Gracchus Tiberius // 6 November 2009 at 8:10 pm | Reply

    Her not buying it anymore is a sign of severe detachment from reality and may count as domestic violence. Some wives are known to have been miraculously cured from listening to “everybody” once their credit card bills are not paid by husbands.

Leave a Comment