“I’m a Realtor and it’s not a buyers market at all. Based on Vancouver’s historic benchmark price chart I would be hitting the sell button asap.”

“I’m a Realtor and it’s not a buyers market at all. Most of my income is derived from trading stock’s thank god they are liquid unlike houses and condo’s. I love having a diversified income stream otherwise I fear I might be inclined to shovel the whole “good time to buy and good time to sell” routine. That whole sentence is pure B.S. When I buy a stock it’s usually because it’s become temporarily unpopular with the investment community. Vancouver’s real-estate is the polar opposite everyone want’s a piece of it. If I were put Vancouver’s historic benchmark price chart over anyone of the stock’s I hold or have held I would be hitting the sell button asap. I have instructed several client’s to hold off and buy at a discount down the road. This has cost me financially but cost me nothing morally and ethically. P.S. my condo in florida was purchased at a 50% discount and i did not time it perfectly. The herd is falling off a cliff right now and there’s no safety net waiting for the lambs.”
Big D at VREAA 6 Feb 2012 11:35pm

6 responses to ““I’m a Realtor and it’s not a buyers market at all. Based on Vancouver’s historic benchmark price chart I would be hitting the sell button asap.”

  1. This post must hold the record for misused apostrophes. Funny how on the Internet everyone who “derives most of their income trading stocks” seems to type like this.

  2. Sell button’s like easy button’s.

  3. a Vancouver realtor that derives most of their income from stocks? In the market of the last 3 years? Sounds like a pretty useless realtor…

  4. An honest look at what is to come. Many sheep will go over the cliff. So many of my friends are stuck, confused and scared. Just wait, because this ugly party has just started in Vancouver. Nearly 20 thousand places for sale from here to Chilliwack.
    I think a lot of naive folks don’t understand that, unless you live inbAlberta, your Mortgage debt will follow you, even if you declare Bankruptcy.
    Look up Recourse and Non-recourse loans.

  5. Along the lines of going over a cliff… I had a conversation recently with a co-worker who was getting her Winnipeg home re-assessed so she could up her HELOC which would allow her to buy a $30,000 truck (which she did not need). She had recently purchased a Harley and built a garage forv$20,000 too. I tried to caution her about how vulnerable she is to rising interest rates to which she responded, “I don’t have to worry unless they get to like 8%.” My response was, “The historical average for mortgage rates is 8%.” Her response was, “Oh they won’t let it go that high.” I asked her “who’s they” and she had no reply.

    Far too many people need a reality check. Low interest rates are thought of as a birthright and a means of living an unsustainable lifestyle. Cheap easy money is the worst drug of all. It is by far the most delusion inducing drug there is.

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