arbroathscotland at vancouvercondo.info 3 Aug 2010 9:54 am – “Just returned from Kelowna and Penticton after a week. You would have to see the for sale signs to believe it. They are honestly everywhere. Even some developments that they have stopped working on because they have ran out of money. They are even attempting auction sales in Penticton on new condos. I would not have believed it is as bad as it is up there if I did not get to see it myself. Everyone you talk to up there is talking about it. I truly think the party is over.”
anonymous at vancouvercondo.info 3 Aug 2010 10:37 am – “I know several people who are trying to sell in Kelowna right now with no success. Some people are still delusional, thinking that the market will recover in August, still holding on to their high prices. It is kind of overwhelming when I think of all the people I know who are completely overleveraged in real estate-they have several properties and lots of debt. It is quite scary! It’s the beginning of the end, and yet some people I know are still buying, thinking they’re getting a good deal.”