Garth Turner at greaterfool.ca 17 Jul 2011 -
“Talked this weekend to a westside Van guy who bought a $700,000 house four years ago and just sold it for $2.6 million. “Everybody on the street says I’m a frigging idiot,” he told me. “Why would you sell now?, they ask, cuz it’s going to four mil.”
Comment on above story by Ravishing rick 18 Jul 2011 1:45am -
“The insanity of it all… $700k turned into $2.6m… With the $2m in the tank he can make an inflation indexed annual income of say 120k.
It is disgusting, and I say that out of pure jealousy! Unfortunately, stories like this only make fools run to the party… Even though the party is over!”