Originally Posted by
GrkScorp 
so for people who have the money.., and want to buy.., this is the time to do it.. (also.., when we're talking about the Real-Estate market bubble popping.., we're talking about 1 & 2 family homes)
Not in Vancouver, tho. Its market dependent, GS. Duh, perhaps to you but it needs mentioning.
When you hear about the bubble bursting.., the opposite takes place.., 1 & 2 family homes fall.
But single family homes, esp around the 2000 sq ft mark (which appeal to first time buyers w/families) are always a winning investment. Even w/transient market dips, their net worth is always up. I don't know anyone who has lost $ on these, even in hot volatile markets. You may have to hold them a bit longer than anticipated, tho.
I do know ppl who lost out on condos tho. Not to scare you, but do talk to ppl in your area as GS says. Hope this helps, Miso.