Friday Free-for-all!

July 18th, 2014

Summertime!

And the weekend is nigh!

Let’s do our regular end of the week thing – our news round up and open topic discussion thread for the weekend.

Here are a few links to kick off the chat:

-Lenders ‘concerned’ about bubble
-Rent VS. Buy in Canada
-How well managed is the CMHC?
-Canada not immune to a crash?
-

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Are home buyers foolish?

July 16th, 2014

Seems a rather odd question to ask, after all homebuyers have seen a sharp rise in equity over the last several years.

But a sharp correction in the US seems to have split young buyers on the option of buying.

Some see it as a good investment, but there are apparently increasing numbers of young Americans who view property as an anchor limiting mobility rather than a sensible investment.

When Kimberly walked up to the front door of a beautiful, 7,500 square foot colonial, anchored in a terrific cul-de-sac in northern Baltimore County, she said to herself: “All my life I thought this was what I wanted. But as beautiful as this property is, I see nothing but a money pit and a trap.”

The 32-year old congressional aide who was arriving at the house for a charity event chose to satisfy her curiosity by exploring the grand rooms and perfect fixtures, only to finally decide, “Yeah, not only would I never buy an individual house, I’d be shocked if my friends would as well.”

Read the full article over at CNBC.

You might want a housing market crash (or ‘correction’ if the word ‘crash’ is too strong), but that’s likely because you want to buy a house.

It’s not hard to believe that the majority of Canadians don’t long for a housing market correction, especially those who own property.

It feels good when your equity rises right? What’s not to like?

The Financial Post looks at these feelings, and whether they are sensible or not.

They split home-owers into three categories: First time buyers, young owners with growing families and older owners thinking about downsizing.

They say the first two groups would actually benefit from a crash.

If you’re wondering why most homeowners should be begging for a housing market crash read the article here and let us know if you agree with their reasoning.

 

Friday free-for-all!

July 11th, 2014

Its that time of the week again!

Let’s do this open topic discussion thread for the weekend.

-well add links when we need shelter from the sun :)

So what are you seeing out there? Post your news links thoughts and anecdotes here and have an excellent weekend!

Does every major asset seem expensive to you right now?  Does it seem overpriced?

Well, what if it is, where do we end up?

The NY Times has an article titled How The Everything Boom might end: The Good, Bad and the ugly.

Basically it breaks down into (1) the good: Low price of capital unleashes productivity, economy grows into current valuations. (2) The bad: Japan style stagnation 15 years of low rates and low returns or (3) the ugly: spike in prices with a depressed economy.

But the pattern of the last few years shows that the “bad” scenario has been closest to the reality. That doesn’t mean the rest of the bad script will continue in the years ahead, but it should prompt those predicting the first or third outcome to wrestle with why they have been wrong so far.

So what do you think? Whats the future look like from your view point and would it have been any easier to predict the future in the past?

*pow!*

Another weekend is upon us!

Let’s do our regular open topic discussion thread for the weekend, here are a few links to kick off the chat:

-Realtor hunger index at 48%
-creative accounting
-prices of the past?
-risks of overheated market
-

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Village Whisperer has been following the MAC-gate ‘fake foreign buyer’ story for a while and recently reported the Real Estate Council of BC decision in that case: a temporary suspension and small fine for one Realtor.

But what about the other MAC employees who played rolls in this story, why no repercussions for that deceit?

Here’s the loophole: condo salespeople who are not realtors are not ruled by the Real Estate Council and can apparently make any claim they want before passing a potential buyer off to a realtor to sign the legal documents.

Read all about it over at Whisperers blog.

Friday free-for-all!

June 27th, 2014

Its that time of the week again!

Friday free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend.

-we’ll add links later! (Hopefully)

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

This is an interesting post over at medium- basically positing that high home prices in Vancouver threaten it’s future, and proposing a tax to try to change that risk:

The secret that no-one actually wants to talk about is that the quality of a city is mostly determined by a simple factor — the number of smart, ambitious people who live there. These people are the ones who want to drive that city forward by investing in opening businesses, donating their time to the arts & community, participating in city planning, etc… Without them, growth wouldn’t happen and you wouldn’t get all of the benefits that great cities enjoy.

The biggest contributor to the decline of a great city is simple — it’s the decline of those smart people. When they decide that the cost of living in a place outweighs the benefit, they move. They don’t just take their money with them, they take their intellectual and future capital with them. This is dangerous. When people aren’t willing to make an investment in a place to live any more, the city doesn’t just lose their taxes for the year, they lose a massive function of potential jobs created, culture added and future capital they can put to work.

There are two issues here: the generation of local business opportunity and an attempt to draw established business head offices to town.

What do you think of a proposal for a housing tax that attempts to encourage economic development?

Friday Free-for-all!

June 20th, 2014

It’s that time of the week again!

It’s Friday Free-for-all time!

This is when we round up recent news and have our open topic discussion thread for the weekend, so lets get to it.

-CMHC looks to fill gap in research
-Pipeline approved (sort of, kind of)
-Biggest bubble is here at home?
-CMHC to return to lower risk roots
-Targeting the wealthy by an on ramp
-Gay neighbours raise RE values
-Wilmar estate on the block
-

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

VCI Network

  • Take a Peak.

    The Vancouver Peak Discussion Forums are now open for collecting stats, sharing data, etc. Please register at the new site and let us know what you think.
Leap to comment form