“For me personally this spring will determine whether or not I buy a house. If things crack up, I will sit tight, if nothing happens and the global economy improves I might buy. I am sick to death of renting a crap house for 3k per month!!!”
- paulb. (a Vancouver realtor) at vancouvercondo.info 31 Dec 2011
“Strongly considering buying a townhome in Whistler, but don’t want to step in yet if there will be further drops.”
- MultipleOffer at RETalks 2 Jan 2012 9:53pm
These two prospective buyers plan to step back if the market shows weakness.
We believe that the majority of prospective buyers plan the same strategy.
Falling prices will cause demand to drop. This will beget lower prices; and so on.