Wasn't California another market that people said would never crash because of location, foreign investment (again from Asia) and weather (except in California's case, the weather is actually good compared to rainy Vancouver).
If people are looking for a place to drop their money and invest (as opposed to actually live in, as is the case for so many of the properties in Vancouver), why not get more bang for your buck in California for example? You could get 2 homes for the price in 1, and each of the homes you buy in Cali would be bigger than the one in Vancouver (and newer) on its own.
I'm just a little doubtful when I hear the "Vancouver's different" rumblings... it really isn't all that different... just hasn't popped yet.
|