As we wrap up 2008, I would like to wish you all a wonderful winter and a Happy $104,725.00 Holiday. If you went shopping for a house in Vancouver last May but haven’t yet bought, that’s how much you’ve saved so far according to local real estate board statistics.
That’s enough to buy a small house or condo outright in one of the US housing bubble markets of California, Arizona or Florida.
Of course those markets have been falling for the last three years, our prices have been dropping for less than six months. What will Decembers stats show? What about the New Year?
At this point some people are very concerned about the state of the economy, both globally and locally. I do believe we’re headed for some leaner economic times, but it’s worth keeping perspective. If you’re reading this website from a warm dry location with a comfortable place to sleep and food to eat, you’re doing ok. You don’t have to go far in Vancouver to see people that are doing a lot worse.
Enjoy your extra $104,725 and have an excellent New Year, I have a feeling that 2009 is going to be very interesting.
CZ suggests the following poll: