“Sold a 1940′s small house in Victoria in 2011 and took a year off to travel. Now in sunny Florida, where I could buy 4 similar houses for what we got for the Victoria place.”

“Sold a 1940′s small house in Victoria in March last year and took a year off to travel. Currently I’m in sunny Florida on the gulf coast, I could buy 4 similar houses here for what we got for the Victoria place. Also cost of living here is so much less, and I spent the day on a beautiful white sand beach watching dolphins play. A lot of people in BC are delusional.”
Beagle at greaterfool.ca 9 Jan 2012 8:17pm

8 responses to ““Sold a 1940′s small house in Victoria in 2011 and took a year off to travel. Now in sunny Florida, where I could buy 4 similar houses for what we got for the Victoria place.”

  1. In the drug trade they have a saying that goes “never get high on your own supply”. However, Vancouverites seem to always get stoned on their own BC Bud. Vancouver beaches like English bay are nothing close to Florida beaches.

  2. Let the poor buyer (a.k.a. greaterfool) of this house finance a great lifestyle/retirement! That’s the beauty of a housing bubble … enjoy it while it lasts!

  3. In this article from June of last year, it states that the Chinese money first went to Britain and Australia. The real estate in both those places have tanked. It’s a matter of time. The crash is coming.

    http://life.nationalpost.com/2011/06/03/china-bringing-wealth-to-vancouver/

  4. Doesn’t this person know that you can’t ski in Florida and thereby disqualifying it from being the best place on Earth? Also, everyone wants to move to Vancouver and Florida is just some backwater place that only shows up because of Disney World which isn’t even as famous as DisneyLand in CA. Now that Disney is building it’s own theme park in China, Florida will be even less appealing!

    🙂

  5. A friend of mine recently bought a furnished 1200 sq ft manufactured home in a small gated retirement community south of Tampa and within walking distance of the Gulf for $88,000. The place was on the market for 3 years.

  6. LEO:

    Leo, where do you get this shit that London RE prices have tanked? They just recently hit all-time highs.

    http://globalbriefing.knightfrank.com/post/2011/08/01/Prime-central-London-house-prices-hit-new-high-in-July.aspx

    • just like your article says – they tanked in 2009 and are now 35% higher than the trough with 50% of purchases to foreigners. Sounds familiar.

      Meanwhile, prices in rest of the UK are barely above crash levels reached after the financial crisis. Prices rose most in the very expensive areas of Chelsea and Mayfair while less desirable areas rose much less. Sounds familiar.

      HAM and hot money in general. It will all collapse when China’s credit bubble implodes.

  7. offthread but great stuff: stockman with bill moyers

    http://tinyurl.com/8xmslod

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