?None of this matters to people who own homes they?ll live in for many years to come and thus shouldn?t care much about the current value. You might feel differently if you?re a baby boomer who plans to sell the family home soon to help finance your retirement. The same applies if you bought recently and expect rising prices to carry you into a bigger home in a few years.?
- from ?Canada?s housing hangover: Real estate boom, meet dot-com crash?, The Globe and Mail, 2 Jan 2012[Hat-tip Nemesis and other readers]
In Vancouver, almost every owner has come to ?care much? about the ?current value? of their home. ? vreaa
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