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10 Sep

Yester Year’s Bad News

General

Posted by: Kimberly and Cindy Walker

 

YESTERYEAR’S BAD NEWS Vancouver Sun and Province headlines:

Average Price

Today’s Price

1974 “Realtors prowling like hungry tigers-We are not likely to see the high prices again

$54,000

$925,000

1983 Real Estate prices will never recover

$110,000

$925,000

1987 After the October crash “We are headed straight into a depression”

$230,000

$925,000

1990 787 banks closed in the US. Prices were 35% off San Diego. New York was bankrupt (yet the Reichmans made $500 million)

Up 400 percent in San Diego

Up 400 percent in San Diego

1995-2000 “No one will ever buy a leaky condo again”

$105,000

$425,000