“Over the last year I’ve talked to many investors who’ve consistently told me they’d be selling their extra properties after the Olympics.”

In a bubble, everybody assumes that they’ll be able to sell near a top. Less than 3% of participants will get to do so. -vreaa

This from eyesthebye at RE Talks 25 Jan 2010 7:10pm

“Over the year leading up to the Olympics I’ve talked to many “investors” who’ve consistently told me they’d be selling their extra properties after the Olympics. With the wave of listings the first 3 weeks of this year, are we seeing the effects of this investment strategy now?”


3 responses to ““Over the last year I’ve talked to many investors who’ve consistently told me they’d be selling their extra properties after the Olympics.”

  1. after the Olympics would be….in March wouldn’t it?

  2. I have head the same thing from a few condo owners.

  3. Such a fascinating time in Vancouver…scrambling to buy before the harmonized tax kicks in and the borrowing rates go up. All those empty investment condos –wonder who will buy them?

    The city still has to sell Millennium Water after the athletes vacate….

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