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WOW haven't our friends north of the border been watching the NEWS???

By: capt_nemo in ROUND | Recommend this post (0)
Sun, 20 Nov 11 7:36 PM | 51 view(s)
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Msg. 36440 of 45651
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Vancouver Real Estate Bubble in Pictures; Presenting the $1,050,000 "Livable" House

Uploaded Image

Note the alleged 6 bedrooms (3 converted from the basement) but only 2 bathrooms. Who are they kidding? Is this the happy hooker flop house?

Unfortunately, pictures like these are easy to find.

The longer this continues the bigger the crash. Look for prices on such properties to crash 75% or more. When it does, it will be no bargain.

Mike "Mish" Shedlock

The rest of the story,,,,,,,,,,,,,,,,,,,,

http://globaleconomicanalysis.blogspot.com/2011/11/vancouver-real-estate-bubble-in.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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