Just thought I'd bring up, my area of townhouses in NW Calgary, I bought September of last year 07. Felt like I wasn't buying something outrageous, felt it was a good price, not too many units, had some unique factors, good location etc. Anyway, one just sold for the same price I bought mine for. A few others listed for above both mine and the one just sold. All are leaving for normal moving reasons vs. liquidating, speculative purchase, flipping etc.
I think that can be a positive. In this market, to be even, shows that not everything was a bad buy, not every decision was a bad one, sure, maybe my area will go down still. But I don't think everyone who purchased in the last 12 - 24 months made a bad decision like a lot of people want them to believe. Not calling anyone out.
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