"A friend-of-a-friend liquidated everything this August. Sold his house in Kits and investment condo because he believes we’re in for “another recession or worse”."

Pete at vancouvercondo.info 30 Aug 2010 8:12 am – “I talked briefly with a friend-of-a-friend who has just liquidated everything this august. Sold his house in kits and investment condo because he believes we’re in for “another recession or worse”. He’s now sitting on 1.9 mil in cash and planning on renting and waiting out the market for a few years. He either has the best timing ever or he’s going to be dissapointed when he’s priced out of that east van fixer-upper in a few years.”