It's not every day that you see a Black Swan flying at you. You might even say that if you can see it, it's not a Black Swan. However, I live in Vancouver, BC and every day I'm wondering how much longer can this continue. I am not an investor, of course. This is not any sort of advice. I just want to write this down right now to see my ego flourishing when it actually happens. This is really off-topic related to what I usually write about.
I asked myself today whether the Real Estate bubble would be popping anytime soon. And look what I came across: Real Estate Board of Greater Vancouver states in its report for June that the supply of homes for sale has reached a three-year high.
What does this mean? It means that the Real Estate market in Vancouver is peaking very soon. If the supply is growing, the prices will decline. If the supply is suddenly the highest in three years and the prices are over-inflated, you know it will take the tiniest distress to make the beautiful bubble burst.
I was searching for some meme to put here. The only semi-relevant thing was this:
If I really bought tickets to the first row and the Vancouver Real Estate crash is real, we can look forward to a domino effect. Real Estate bubble bursts are the detonators of larger market crashes. I won't be surprised if the historic books will actually record one of the largest economy crises of 21st century under Trump's name, even though he has only very little power to influence the market movements.
