The Current Rental Environment - Downtown Vancouver
By Guest - Posted on July 7th, 2007
Tagged: affordability
• affordability
• asset appreciation
• asset appreciation
• completions
• completions
• downtown vancouver
• downtown vancouver
• nicholas meyer
• nicholas meyer
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This has got to be tech stocks all over again. It is just so crazy. However, if it comes to Victoria I am leaving.
I just showed this to my husband ... He was on Bay Street turning the tech stock fiasco. Yes he said it reminded him of Tech Stocks when CNBC had a 24 hour Tech Stock Channel. His theory - now this is the beginning of the end. I also wonder how many people are using their perceived property value as ATM machines like they did in the US. I imagine it must be huge. Especially the young people. I know when I was in my late twenties I might have done that if I perceived my property (I did not own any property in my late twenties) soaring. Clothes, cars, trips, restaurants. I have so many friends in England that had negative equity in the 90s. I may forward this to them. Thanks Cheap Realty - i love your blog. Have a great weekend!
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