The state of Vancouver Real Estate
I have long been a believer that real estate prices will go down. Really.far.down.
I’m sure the fact that I’m a renter accentuates that belief, but the math is just not computing. Prices have gone up too far too fast, the mortgage-to-rent ratio is completely out of whack, and household incomes are not increasing.
When the topic comes up, I’m never really good at explaining why I believe so strongly that the bubble is going to burst. Thankfully, now I don’t have to. Check out this post from a local real estate blogger. He has obviously spent hours putting together these graphs and charts and making it all look pretty clear…
Check it out here.
PS - click on the graphs to make them bigger
January 30th, 2008 at 10:58 pm
I’m glad you found the post enjoyable.
Cheers
February 16th, 2008 at 7:12 am
The figures concerning the prices of the Vancouver real estate is really seem really scary but I don`t think so that it would remain the same in ten years time as the economy is growing fast. I`m sure that we`ve already reached the peak prices and I believe that`ll follow a a slight fall as it`s evident in every countrie`s property market. Thanks for sharing with us this article.