“I’ve spent a lot of time convincing my fiancée that it is a horrible time to buy. She agrees, but is becoming discouraged.”

Human778 at vancouvercondo.info 10 Mar 2010 12:23 pm

“I need some help. I’ve spent a lot of time convincing my fiancée that it is a horrible time to buy. She agrees, but is becoming discouraged. I’ve presented all the arguments on risk, fundamentals, etc., and made a strong case as to why Vancouver is ripe to crash, big time. She countered me the other day with, “I don’t know. You have good arguments but I also think you hold this stance because you are waiting for the crash. Yes, the States is a mess, but some metropolitan areas must be fine – what about New York?” I did the whole, not everybody wants to move here and the Vancouver is not New York bit, but need more evidence of differences. I noted how net migration into Vancouver is not high enough to absorb supply and the income levels are drastically different. Also noted the insane income ratio for Vancouver, but I need more.”

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