SilvrT... The wife and I where downtown Van last summer for a few days and we looked at some property in Capilano. Anything with a view of the water was 1.5 million and they where junk. It's gotten bloody ridiculous.
Here, in Sunny Arizona... During the Housing Market Crash, Real Estate dropped to realistic levels.. Y'know a $100,000.00 house was again selling for $100,000.00.. That-Kinda-Thing..
...Now (of course) housing prices have started to rise...
Was reading a story in the newspaper ?? last year ?? about housing values.. Home builders were congratulating themselves and bragging to the reporter that: as people were again starting to buy houses, they were starting to raise the cost of the houses they were selling, which they were doing so, at that time, I think, at a rate of increase which was 20-25% over the previous year..
These greedy ass-clowns.. They don't learn do they? Unless a person's wage goes-up 20-25%, how can you inflate prices on anything 20-25%?
It's again, over-inflated at that point and not worth what you are buying it for..
It's just greed.. and it's just the beginning of another real-estate bubble.
To this day I still don't understand why somebody will pay a million dollars for a shoe-box-sized rat-hole of a house.. It's ..Just ..Madness..