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valunvesthere (20.28)

Interesting perspective of Metro Vancouver property value

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July 17, 2017 – Comments (0)

Maybe those who bought Metro Vancouver property plus house for a few $1000.00s 50+ years ago and now asking for a couple of $1,000,000.00 is the reason for the unaffordibility of homes and the buyers who are paying above asking prices may also be contributing to the crisis. Also to mention there are plenty of long time residents (pre-1990) who own multiple homes plus properties in their Metro Vancouver real estate portfolio making them beyond millionaires multiple of times over through inheritance, and years of accumulating more homes and properties by renting them out.       

 

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