“I am a PhD still living in the basement suite where I did my undergrad. I gross >100k. All my spare income has gone into the stock market. Am I down? Yes, but only about 5% right now overall. I just see Vancouver RE as such a horrible investment right now, the graph appearing like the left side of the Nortel stock chart pre-bubble burst in 1999. The above post voices many of my concerns that have kept me out so far. Incidentally, to your siblings, if they buy a condo and RE prices double, they can’t just sell and use the profits to buy their dream home, because their dream home has also doubled. Patiently waiting for the BoC to eventually raise interest rates.”
– ‘Basement Suite PhD’, at VREAA, 10 Oct 2011 9:59am