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Warren
Warren
13 years ago

What's with all of the tax threats? Is that something we really want to see repeatedly on this blog? satv and his friends are bad enough. I think anybody's who's filed taxes in this country knows that CCRA isn't messing around, and they always win.Michael, it could have been the food. I went to River Rock for the lunch buffet one day.. never again.

kfinancials
kfinancials
13 years ago

The faster the crash the faster the recovery.

kfinancials
kfinancials
13 years ago

The faster the crash the faster the recovery.

The tax man is watch
The tax man is watch
13 years ago

Hi Chief:Did you know that lawyers, who specials in tax evasion, will usually not charge for the initial consultation?Thought you might want to pass that along to your fellow specuvestors on the other blog.I read recently that many of your fellow specuvestors claim personal residence exemption on the property tax even on their investment property.Not good, it will come back to haunt them at the wrong time, when prices are down, interest rates up, the Olympic chariot turned into a pumpkin, pulled rats, and then all the tax bills need to be paid (with penalties).What can I say? You reap what you sow

chief
chief
13 years ago

a friend who has a studio at L'Atelier (sp) he figures is 960 squares and a mkt value of mid 4's.bs:studio means something under 480-500 over 500 mostly one bed and 960sqf. is equal to 2bed+den, again bears can get some lesson.

chief
chief
13 years ago

Michael Randallbard,why tomorrow buy today and post that man falling back link again here.what a joke/ed@.MLS® No.: V657154 $1,100,000

Michael Randallbard
Michael Randallbard
13 years ago

who is this "chief" idiot and why is he allowed to spam this board with jingoistic rah rah. It degrades this board. East hastings st LOLOL I had supper at River Rock last evening with a friend who has a studio at L'Atelier (sp) he figures is 960 squares and a mkt value of mid 4's. When I told him that Edmonton home prices are suddenly down in the worst decline in 5 years he promptly excused himself from the table, looking white as a ghost, and went to the mens room. Later he told me he upchucked but that it might have been the horrible food at the River Rock buffet. I said, yeah thats it.

misanthropic curmudg
misanthropic curmudg
13 years ago

<a href="http://tinyurl.com/3xxybfhttp://tinyurl.com/3xxybf<br />The average price of a resale home in Canada's major markets fell in August for the second month in a row amid slower sales, new figures show. slooooooowly the worm turns……!

squidly77
squidly77
13 years ago

why the median price goes upas sales go downtinyurl.com/yu2vo4i expect your housing bulls are due for a castration sooncalgary/edmonton they are all looking for rocks to hide under

Warren
Warren
13 years ago

rentah:I agree. No sense catching a falling knife. I think they'd be buying when nobody is talking about it period.I also agree with you about people in Vancouver being low profile bulls. I talk to friends and others who are on the outside of ownership looking in. They are annoyed that they can't afford to buy anything, but they are still eating up the BS about prices continuing to rise until 2010 and beyond.Although I did jut convince somebody who's selling to not re-buy right away… I actually used Grade 9 math in real life.

rentah
rentah
13 years ago

patiently: No, a contrarian wouldn't be buying any RE anywhere now: Most folks in the US are still expecting RE to bounce soon. It's when all the bulls are exhausted that a contrarian buys, when everybody is convinced that RE can only go down.

Chief
Chief
13 years ago

NY, London…pha!!! Who wants to live there anyway…Vancouver is the place to be…Our RE is invincible…House along hasting will be selling for 1m soon.

Chief
Chief
13 years ago

Yeah,Houses along hasting can sell for 1 million dollars in 2010,cheer

OWG
OWG
13 years ago

NY, London…pha!!! Who wants to live there anyway…Vancouver is the place to be…Our RE is invincible…

patriotz
patriotz
13 years ago

The blight is hitting the Big Apple, and not just in subprime territory…Real estate agents and market watchers throughout the region report that houses are selling at prices 5 to 18 percent lower than a year ago.But of course Vancouver is immune because it's a world class city.

Michael Randallbard
Michael Randallbard
13 years ago

freako…..does his last name start with M? If so please don't post his name herethxm.r.

Patiently Waiting
Patiently Waiting
13 years ago

By the contrarian perspective, would you be buying Florida condos right now?

Patiently Waiting
Patiently Waiting
13 years ago

I'm not sure if the contrarian perspective can be entirely applied to real estate. Its different from, say, the stock market because people buy and sell for reasons that have little to do with speculation. For instance, once you have a young family and children, it can be extremely difficult to sell the family home and go back to renting…even if all your instincts are screaming CRASH.

rentah
rentah
13 years ago

patiently said:Bears are coming out of hibernation making loud roars, while the bulls are MIA (or now bears).IMHO it's important to differentiate between real bears (folks who have sold or are selling their RE, folks who could buy but are renting and waiting) from people who are actually long RE but agree pricing is pretty rich.So, those folks you mention who are mortgaged to the hilt and are nodding their heads in agreement that pricing is crazy, are actually bulls (unless they up and sell, which doesn't appear to be the case).Remember, from a contrarian perspective, it's when everyone's a bear (selling) and all the bulls genuinely grow quiet (nobody is buying) that you start BUYING! We're definitely not at that point at present.I personally believe that the vast majority of owners in Vancouver are low profile bulls. They don't… Read more »

squidly77
squidly77
13 years ago

phantom offerstinyurl.com/2q7k25

Patiently Waiting
Patiently Waiting
13 years ago

I think all these condo projects should help us renters. I saw a stat recently showing a slight increase in vacancies from 0.7% to 0.9%. Its still really low but heading in the right direction. I think we have passed the darkest hour for the rental market.I was at a wedding last weekend and found myself in a room full of bears. All in their 30s, everyone was badmouthing the cost of real estate. Even people who you think wouldn't, like recent home buyers mortgaged to their teeth. When I finally took my shots at the insanity, everyone — I mean EVERYONE — was nodding in agreement.And these were very regular people who probably don't read the Financial Post or The Economist. I really think the grassroots have had it with this bubble.Bears are coming out of hibernation making loud… Read more »

markx
markx
13 years ago

On the rental front: A friend of mine recently tried to find a roommate for a two-bedroom place in a ground floor suit. It's a small room for $330. No takers. That place is not exactly a dump, with no visible mold and no carpets. Room is large enough for a queen sized bed plus a computer table + chair. The place is at East Van, near Kingsway and Fraser. So the rental market can't be that tight.Here in Montreal, apartment vacancy is high. For rent signs are everywhere through out downtown. Construction is nowhere to be seen, save for a few repairs and a university expansion. Quite a different landscape. A graduate student I know just bought a one bedroom near downtown, probably with some help from his parents in BC. The Montreal housing market had a run up… Read more »

squidly77
squidly77
13 years ago

coming our waytinyurl.com/2cfdg4