Well 2008 has come to a close, and if you’re counting on Vancouver real estate as a ticket to riches it hasn’t been the best of years. But DO NOT FRET, for I have discovered a simple way for investors to feel a little bit better about the direction house prices took in 2008. Do not look directly at a chart or graph of house prices, instead only view them through a rear view mirror:
There! That’s not quite so bad now is it?
(Yes, we used this same trick when comparing the Vancouver BC / Syndey Australia markets.)
Happy New Year Everyone!