Watching a disaster in real estate

There is something very hypnotizing about watching disasters.  This is why people watch disaster movies right?

In the Canadian market, it has been very hard to lose money over the last decade unless one buys in at the wrong time.  Today, I learned that there were a couple of twitter accounts dedicated to listing Vancouver properties that sold way below its acquisition value.

https://twitter.com/johnny_33

https://twitter.com/mortimer_1

The second one is an interesting read.  I knew that Vancouver prices were inflated.  Toronto prices are inflated.  But I had no idea that there were so many Vancouver properties that are really bungalows that sell for $2 million.