“It seems in metro Vancouver, we will never run out of great fools. I am giving up.”

This from Lender at vancouvercondo.info on Sept 9th. 2009 at 9:26pm

“I have been a regular visitor of this website (http://vancouvercondo.info) for more than two years now. I was alone since 2005 and insisting the house bubble would burst very soon until I found this website. I think my mind started changing slowly to believe the possibility of a perpetual Vancouver housing bubble. I am a lender working for big five with two professional designations. I am familar with all the bearish arguments and totally agreed with them. We all here are being rational. I also have first hand knowledge how irrational the current buyers are. I have client buying a place for $600K which they can rent out for $1500 per month and deeply believe they got a bargain. I have client doing landscaping bought million dollar home with 10% down. I have client without any other income bought three rental properties. It seems in metro Vancouver, we will never run out of great fools. I am giving up.”

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