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Oh man, I remember people were almost panic buying houses because it just kept going up. I briefly looked around but gave up after finding that some shitty cottage in Island Bay was selling for 800k.

At the time, almost every conversation at work kept devolving into property (oh and crypto lol) which was annoying. And what was even more annoying were people who bought that were _convinced_ that they had got a good deal, lecturing me I should buy as well.

I ended up leaving the country for better pay, lower housing cost and good amount of savings to last me a while . I hope in 2 or so years when we go back, the prices are more reasonable.




Sounds just like Canada. Prices doubled during Covid and were already stupid high before that.

Plenty of people bought in during Covid, at the peak, at 1.X variable rates that are now north of 4% and rising.

Lots of Reddit posts from people asking “why is my pay off period 89 years now?”

It’s going to be interesting.


Lol, I was just about to comment "Sounds like Canada" before reading yours. Nothing is rational here, but our tiny studio rental in Van is alright.




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