Homes are not liquid.
Anyway, single detached home values pushed a lot of people into condos, shoe boxes more like it, owners got soaked as most condos were not up to snuff in leaky water issues that became endemic in the whole industry. Now today, sales and prices are falling through the floor. Condo owners are rug pulled again in negative equity.
Thousands of unsold units remain, with more flooding the market.
Construction companies are going bankrupt.
I'm kind of keeping an eye out for a deal and getting a second revenue rental.
My home is actually a 5 BR two floor in the burbs well outside Vancouver.
I rent my lower floor out.
!LOL
RE: Retirement - The Rug Has Been Pulled