“My neighbours’ house sold in East Van 2 months ago for 800k. Chinese family bought it, Father works in Beijing, family lives here. Newly built house 2 doors further down has no buyers, on the market for 6 months now.”

Topper at greaterfool.ca 28 Jun 2010 11:21 pm -

“My neighbours house sold in East Van 2 months ago for 800k, I guess it seemed like a good deal. Chinese family bought it, Father works in Beijing, family lives here. Wow, did he make a mistake. Newly built house 2 doors further down has no buyers, not sure what the price is but it’s been on the market for 6 months now. It’s pretty much dead money for the developer, he doesn’t even bother cutting the grass.”

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