“I am beginning to think there is no end to the upside in Vancouver. People are RE mad!”

Yes, this is a sign of the end of a bubble. -vreaa.

This from Freaked in Vancouver at greaterfool.ca 31 Dec 2009 10:47 pm

“In the Greater Van area prices are, as of the month of December [2009], going through the roof. Taking a steep spike upwards, no question about it. Is this a sign of the end of the bubble, as my financial advisor told me? (Not that I trust him!) Properties that were listed for $750,000 3 months ago, are now being listed for $900,000. Check out the MLS listings for Richmond. Tear-down properties for just under one mil. Unfortunately, I sold a property 4 months ago, thinking I was very smart, and am now kicking myself. Could have listed now for $50,000 – $100,000 more than in August. Real estate markets go up and go down, but I am beginning to think there is no end to the upside in Vancouver. People are RE mad!!!! There doesn’t seem to be a limit to what they will pay.”

2 responses to ““I am beginning to think there is no end to the upside in Vancouver. People are RE mad!”

  1. why did he sell in the first place? do not time the market..that is an important rule.

  2. RE is in metro Vancouver like playing the musical chair. Have fund will the music plays. Just hope that one is not left standing when the music stops.

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