"We were talking to some local idiots who just speculated on a house, they were telling me how they were going to flip it in a few years and move."

retalker11 at agentwill.com 29 July 2010 4:10 pm -

“We were talking to some local idiots who just speculated on a house, they were telling me how they were going to flip the house in a few years and move, and I was playing along, cause it amuses me. Then they asked me how I was doing, and I am like nothing much just buying a new car. They asked whether I plan to lease or finance, and after I said cash, they shut up.

Then the other day I spoke to some flippers who got themselves in trouble over a condo contract for $900K. They were trying to get out of it and could not complete, but developer refused to give them back their deposit and counter-sued for everything they have.

The other day I came to my bank to close one of my accounts. Obviously the real estate subject came up, cause our banks is nothing more than mortgage pushers now. They asked to pre-approve me for a mortgage because I have an excellent credit and the rates are low. I said I am not interested in buying a house in Vancouver at this price even if it means renting for the rest of my life. The mortgage pusher seemed to agree and then said that she thinks the prices will decline in two years. As I was about to leave, she asked me if I was interested in the investment property in Brentwood Area….. Two days later I got a card in the mail from her saying “good luck in your house search”….”