Remember The Famous Vancouver Teardown Shack that Sold For $2.5 Million, $80,000 Over Asking

For those that missed it….

Three weeks ago, when observing the ongoing lunacy in the Vancouver housing market, we mentioned the case of Canadian Bill Ring, head of operations for a property management company who, as Bloomberg quotes, said  “I don’t want to invest in stocks because they’re crazy and real estate is a solid, safe investment.”

Much to our chagrin we mocked Bill’s zest, adding that “if the housing market in Canada were overheating, you wouldn’t be able to get “bargains” like the listing shown below from Vancouver.”

 

http://www.zerohedge.com/news/2016-02-19/remember-vancouver-teardown-shack-it-just-sold-25-million-80000-over-asking

303 thoughts on “Remember The Famous Vancouver Teardown Shack that Sold For $2.5 Million, $80,000 Over Asking”

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