Quote:
Originally Posted by Galakanokis
This is pretty much what is happening, quick turn arounds on properties and some are in real rough shape, anything between $650 to $800 is probably a tear down. Also, a lot of the new homes are not really built with any quality what's so ever. I hate to say there are a number of Chinese and East Indian people that build quick and dirty homes but there are a number of Chinese and Indians that build cheap homes but make them look pretty for quick sales. I am sure they have a 'relative" in inspections that passes everything.
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That happens in any booming market. Vancouver is white hot at the moment, so it's all the worse.
I know people directly involved in industry, and they can attest to exactly that.