Dan in Victoria at greaterfool.ca 10 Jul 2011 at 10:47 pm -
“Things are definitely starting to turn [in Victoria], there is no doubt about it.
Went to a few open houses today, talked to a few sellers, oh yeah lots of interest, things are good….blah blah blah.
I think you are over priced I said to one fellow.
Got the down the nose look, well if you can’t afford it…
Had a good chuckle.
How long you been building I asked?
12 years he replied.
You’re about to get the rest of your lesson I said.”
Many in the market have no experience of significant price downdrafts and genuinely assume prices will continue to rise indefinitely. These guys clearly don’t do much reading. – vreaa