I have noticed that homes are disappearing from the Vancouver listings very quickly even though Vancouver has experienced some ridiculous price climbs over the past three or more years. Why do people feel so inclined to buy property nearing the end of a bubble?
One possible reason is that they think they may still be riding on the upside, and that they can sell soon for a profit before prices start falling. Many will get caught at the top and end up having paid more than the property ends up being worth.
Author:
Time:
Thursday, January 28th, 2010 at 2:24 am
Category:
Comments:
You can leave a response, or trackback from your own site.
RSS:
You can follow any responses to this entry through the RSS 2.0 feed.
Navigation:
December 26th, 2009 at 7:35 pm
One possible reason is that they think they may still be riding on the upside, and that they can sell soon for a profit before prices start falling. Many will get caught at the top and end up having paid more than the property ends up being worth.
References :