|
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 |