Scarier than the PNE Rollercoaster
April 30, 2010
Ride the Vancouver condo market – and hold on!
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Perspective from Vancouver
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A most intriguing example of the “graphic” representation of economic data. It deserves the widest possible circulation.
Somewhat misleading. While I do agree there will be a crash, the data they have used is for overall housing and not for condos. Would be interesting to know what the condo pricing did at the same time.
Original with notes is posted here:
http://vancouvercondo.info/coaster
Shaun, Condo prices would likely have been more volatile – their lower price tends to mean they’ll be bid up in a boom, but factors like the leaky condo crisis, strata fees and building depreciation likely see them drop farther in a busted market.