I still visit this site occassionally just to get a sense of how some posters feel about our RE market, but apart from that, I have long given up on the childish back-and-forth that goes on here at times
I have moved on from residential and have been working in the commercial RE industry for over 8 years now. A lot less ups and downs and I get to deal more with businesses rather than individuals who tend to be less professional. Both sides of the industry have their pros and cons, but I love working with commercial brokers and tenants. I work for a large developer in town looking after their commercial portfolio in Western Canada.
A little about what has happened since my last post (I can't even remember when that was!):
- Sold 2 of my condos that I bought pre-sale in 2004 in downtown Vancouver just by Rogers Arena. One sold in 2010 and the other in 2012. Both were 2 bedrooms that were purchased for $280K give or take and sold around $560K each. One I lived in with my family and rented out the other.
- Used the profits to upgrade to a spectacular 3-bedroom, 1600 square feet "new" condo in Fairview
- Have 2 lovely young kids
- Love condo living close to downtown with my family for the proximity to work downtown, restaurants everywhere and just the energy that the burbs don't offer
I was really fortunate with how things worked out for me in real estate. I definitely took chances when I bought a few presale condos to flip back in 2004, but I was adamant at the time that there was room to grow for Vancouver. I still think it is one of the best places to live in the world and I am gladly paying for it by choosing to live close to downtown. I travel a lot internationally and every time my plane lands at YVR, I feel so blessed to be back home to such a beautiful place.
I took some chances, had some luck and stayed away from the extreme negative and positive views of posters on this forum. I would put myself in the Bull camp always, but that is only because I think you need to be ready to seek out deals - and this requires a pro-active mindset. One should never buy what they cannot afford (everyone agrees on this), but you should always be ready to buy a home when you need one (starting a new family, for example). Most of the original bears on this forum are gone, but I must say, it is funny to look back and see how wrong on the timing they were.
Good luck with your stick poking WhipMaster!! I love how you riled em' Permabears up back in the day!