Saturday, August 30, 2008

A tilting ship

Like a flock of tourists shifting to larboard at the call, "orca", houses in Victoria seem to be flooding the market; nevertheless, houses only appear to be flooding the market. This is true because we are used to houses being snapped up and only seeing Sold signs for a few days, not For Sale signs for a month. The sudden appearance of signs all over town encouraging owners to earn money by selling also fuels this image. Yes, the market has slowed, but only in relation to the recent boom; furthermore, prices haven't dropped. Remember that seats at the buffet open up when the tourists go running.

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