Quote:
Originally Posted by mr.sandbag
So stop blaming other people and this or that. We need all take responsibility for what we want to make it happen  . Prices in Vancouver will always go up even if its just small increments. |
No, prices do not go up all the time. We have a bubble that will burst that will see prices go back down to a reasonable level. A level that roughly corresponds to 30% of one's income. Places that face a shortage of land are notoriously known for boom and bust cycles. Of course prices do go up if you have a long enough time to measure the range.
Let me know what our baby-boomers intend to do when they decide to sell to move into senior's homes. I guess there will be enough demand to purchase all of their single-family properties at their inflated prices.
It is quite sad that real estate runs on the backs of the ignorant segment of the population that have very limited knowledge on finance and real estate trends. It is even sadder to understand that those who seek a sustainable solution to cities realistically have no other solution to encourage densification aside from supporting this arrangement.
I never stop questioning why I'm left out of the conversation and those with less foresight are included.