Comments on: jungle drums… http://www.toomadforpants.com/2008/03/14/jungle-drums/ ...cuz who needs pants anyhow? Wed, 31 Dec 2008 14:40:37 +0000 http://wordpress.org/?v=2.8 hourly 1 By: Dan http://www.toomadforpants.com/2008/03/14/jungle-drums/comment-page-1/#comment-1137 Dan Sun, 23 Mar 2008 05:21:44 +0000 http://www.toomadforpants.com/2008/03/14/jungle-drums/#comment-1137 There's an old adage that goes, "there's always one weirdo on the bus, and if you can't find him, YOU are the weirdo." We really are starting to feel like we must be the weirdo, since we're the only people we know who think buying a house in Vancouver right now is a sucker's bet. Everyone else either quietly disagrees, or repeats the "it's-different-here", "real-estate-never-goes-down" spin verbatim. It's gotten to the point I almost HOPE I'm wrong because the alternative is getting a bit scary. There’s an old adage that goes, “there’s always one weirdo on the bus, and if you can’t find him, YOU are the weirdo.” We really are starting to feel like we must be the weirdo, since we’re the only people we know who think buying a house in Vancouver right now is a sucker’s bet. Everyone else either quietly disagrees, or repeats the “it’s-different-here”, “real-estate-never-goes-down” spin verbatim.

It’s gotten to the point I almost HOPE I’m wrong because the alternative is getting a bit scary.

]]> By: JC http://www.toomadforpants.com/2008/03/14/jungle-drums/comment-page-1/#comment-1130 JC Sat, 15 Mar 2008 06:12:58 +0000 http://www.toomadforpants.com/2008/03/14/jungle-drums/#comment-1130 As your quoted passage mentions, to live in Calgary only claims 42% of median household income...and there has already been about an 8 - 9 % correction in SFH prices here since July '07...Compare that with Van's 74%, and bustling or not, Vancouver's economy can not compare to the petro-pumped Alberta economy...batten down the hatches, indeed. This Langley Financial blog really is very good. As your quoted passage mentions, to live in Calgary only claims 42% of median household income…and there has already been about an 8 – 9 % correction in SFH prices here since July ‘07…Compare that with Van’s 74%, and bustling or not, Vancouver’s economy can not compare to the petro-pumped Alberta economy…batten down the hatches, indeed. This Langley Financial blog really is very good.

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