· Positive Trends ·
Despite Hypocritical “Experts”
Hypocritical “experts” still plague the market but all notable metrics are showing a rise in market conditions. These so called “experts” who continue to denounce Vancouver’s real estate market can only be attributed to sore losers who are trying to claw back their clout after making terrible decisions by selling their assets or refusing to buy assets when they should have.
A prominent Vancouver real estate expert has made terrible decisions in regards to his principle residence. Expert X continues to publish news reports and media releases stating that this is not the correct time to buy a home and that the market is set to fall an additional 15%. Expert X has only acted in contravention of his advice by buying a home recently. In addition, in the past his poor decision to sell at the wrong time has cost him hundreds of thousands of dollars. Previously Expert X has sold his home thinking that he was selling at the peak. In reality he sold when the market was still climbing an additional 60%.
Recently, after releasing numerous news pieces stating that one should not buy, Expert X bought a home. After 5 years of renting, Expert X ended up with a lesser value asset than what he had sold previously.
It is clear that many of these experts are not 100% certain of what the market is going to do and therefore can make mistakes on their predictions similar to the average person. I would not be surprised to see more positive reports in the media shortly about the current market conditions given the excellent statistics that we have experienced as of late.