Hi all,
An article from today`s edition of The Province (Vancouver). How many times has Don Campbell said that you line up for concerts and sporting events, not to buy real estate. And you don`t cheer because the price goes up $50,000 while you are waiting in line. Let the good times roll! These are the same people who complain that "there should be laws to protect us from things like this" if and when it all goes south. Of course, if this is your game and you know how to play it it is a different story. Excerpts:
The buzz is back.
In scenes rarely seen since the Vancouver real-estate market peaked in early 2008, a horde of hungry investors lined up for hours in a downpour Saturday to get first dibs on pre-sale condo units in a tower to be erected in Yaletown.
Cam Good, who is heading up marketing for "The Mark" by Onni, said some investors even slept outside Friday night to ensure prime line-up positions.
"I`m here because they are selling Yaletown at today`s prices, but the speculation is [that] prices will go up after the Olympics," Arora said.
Steve Dhana was amazed by speculator interest as he watched investors rushing to place bids on units.
"The prices went up $50,000 last night," Dhana said. He hoped to buy a unit in the $500,000 price-range, and also expected prices to surge in February 2010.
http://www.theprovince.com/business/Condo+...2391/story.html
Keith
An article from today`s edition of The Province (Vancouver). How many times has Don Campbell said that you line up for concerts and sporting events, not to buy real estate. And you don`t cheer because the price goes up $50,000 while you are waiting in line. Let the good times roll! These are the same people who complain that "there should be laws to protect us from things like this" if and when it all goes south. Of course, if this is your game and you know how to play it it is a different story. Excerpts:
The buzz is back.
In scenes rarely seen since the Vancouver real-estate market peaked in early 2008, a horde of hungry investors lined up for hours in a downpour Saturday to get first dibs on pre-sale condo units in a tower to be erected in Yaletown.
Cam Good, who is heading up marketing for "The Mark" by Onni, said some investors even slept outside Friday night to ensure prime line-up positions.
"I`m here because they are selling Yaletown at today`s prices, but the speculation is [that] prices will go up after the Olympics," Arora said.
Steve Dhana was amazed by speculator interest as he watched investors rushing to place bids on units.
"The prices went up $50,000 last night," Dhana said. He hoped to buy a unit in the $500,000 price-range, and also expected prices to surge in February 2010.
http://www.theprovince.com/business/Condo+...2391/story.html
Keith
