Van Isle Renter at greaterfool.ca 10 Jul 2011 10:17pm -
“I live on the Island. Moved here two years ago. No interest in buying a house. Renting and loving it! Prices are dropping, so why should I buy? Until I see a major re-trenchment in prices (30%+) I’m not even remotely interested. I was a homeowner for 20+ years. Glad to be rid of it.
Spend my time golfing and sipping cappuccino’s while the landlord worries about the property taxes, the hot water tank and the roof. And I’m OK with that.”
When prices are falling, prospective buyers feel no urgency to buy, and sit comfortably on their hands. – vreaa