This from thinktom at RE Talks 25 Jan 2010 10:38 am -
“There are so many people coming to opens right now I believe the only thing that will kill this market is interest rates. I had 3 different grps from the UK at an open in North False Creek yesterday (yes, they said they were serious buyers). Also went to a multi-family 4 unit ‘open’ on W. 18th yesterday and there were about 8 grps waiting for the 2pm start time. And yes, overseas money is coming fast and furiously.”
And yes, overseas money is coming fast and furiously.”
you have to question why they’d buy an over priced asset in a bubble market…….
More bubbleheads. The UK had it even worse than Canada, but no city in the English world can top Vancouver at this point. Go Bubble Go!
Note that the anecdote is dated 25 Jan 2010, so 3 weeks old as of posting here.
Puzzling that these guys aren’t cautious after the RE busts in UK, Ireland, Spain, etc.