Would you please stop changing names every few days SATV?

It’s incredibly obvious by your terrible grammar and misuse of words who you are, it’s just silly for you to change nicknames so often.

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Yes it’s over priced but this little section of Vancouver of 10 sq blocks or so is not indicative of anything imo. Every city has its most desireable neighborhood that everyone dreams about living in. Kits point is that place. The rest of the city is hallucinating if they think there is anything near as nice, all way overpriced imo.

BUY gold its going to $1600.00

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for the purpose he said do things on right time and enter into next step.that can reduce the stress level otherwise running out of time can disturb the tectonic plates on forehead of brain thats how we get can stress.

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You misunderstood my posts. I most definitely do not wish for an economic shock.

I agree, with you, the bubble can pop without an economic shock.
Bubbles usually pop, when everything looks just fine.

In fact the bursting of the bubble may cause the economy to crash, which is my point.

What will happen to our local economy when RE is no longer a driver, either because it has crashed, and nobody wants to buy, and people are thrown out of work.

Or conversely, it gets so expensive,and sales drops so low RE is no longer an economic driver?

And don’t buy into the farce that the foreign rich investors will keep the market afloat; the foreign rich investors don’t buy leaky condos in working class neighbourhoods.

As for the botched bailout…too late, the Fed had just lowered the discount rate again.

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The functional website is http://www.ledistrict.ca, I think.

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The study found that as a result of stress, 54 percent of people have fought with loved ones, and 8 percent say stress has led to separation or divorce.

Personally I find the Re pimps morally reprehensible, but I guess until this province goes into a deep recession, and the construction trades hit 30% unemployment, as with the last bust, I will be in the minority.

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The author of the original article certainly didn’t come off a expecting that they should live in a penthouse.

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In terms of local incomes, yes, because Toronto has (and I think has had for some time) higher incomes.

But in dollar terms for both rent and house prices, no. Vancouver and Toronto have historically been neck and neck, making allowance for the out-of-phase RE cycles in the two cities (e.g. Toronto bust in early 90’s, Vancouver bust in early 80’s).

Rents are still about the same, but Vancouver prices are now 70% above Toronto, which I doubt was even matched in 1981.

Bubble? What bubble?

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tony, you might be right. If it is, that is one of the best deadpans I have seen in quite a while.

Maybe it’s me: I stopped watching O’Reilly in favour of Colbert because Colbert aligns better with my values.

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Freako,
Life is not just buying or renting a house,there are lots of other duties and responisibilities.So better if things can take place in life on schdule time.

School/college/university/job/marriage/kids and socail participation.no body can replace those with one and onother

So if some one can manage monthly payments on any unit just get away with it and enter into next step.

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Who, in the real world, can afford to live here now?

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I did RTFA, it could have been the bong hit clouding my perception but I swear the author of the article was being sarcastic with that comment. Could you imagine being the reporter assigned to write that story? Burnt out bong smoking snowboarders becoming real estate tycoons, grade 8 dropout pro hockey players investing in massive RE developments? This is one of the most sarcastic articles I have read in a long time, intended or not.

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Oh, but they are. The owners just don’t realize it yet.

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“Landlord-bashing does nothing but drive investors from the rental market.”

All RIGHT, let’s get to some serious landlord bashing!

Finally someone tells us what we have to do to pop the bubble!

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A developer might sit on land, but I don’t think they’d build a park unless they were obligated to by the city as a condition of other development (which is very common).

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Onni/Amacon has a land holding at Pacific Blvd and Seymour St.

At one point a tower was advertised but now is being converted into a park and community garden……

awwww they are such nice people!

a little change of plans maybe?
do they see something?

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I assume Thumbs up is the latest incarnation of SATV.

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The first article is laughable. Obviously this “real estate professional” has no idea of what fundamentals are, or affordability. Yes, I think its true to a certain extent that Vancouver has always been a relatively expensive place to live, compared to Toronto and other major Canadian cities, but nothing justifies current prices.

The second article sounds like the blame game more than anything. Why are renters to blame? They are paying market rates. Landlord-bashing doesn’t drive investors from the rental market, rental yield does. As a landlord and a tenant, I think the RTA is pretty balanced. Its been there for years, with some modifications by the Liberal government. Obviously the regulations should be reviewed by anyone wanting to be a landlord (or tenant).

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http://tinyurl.com/2g8apc

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Define “afford”. Our payments as percentage of income lead the continent. 44% DSR is nothing to sneeze at. Especially in a low inflation environment. Whatever pain mortgage payments cause they better get used to it, because real payments will shrink at a glacial pace.

And second, define “fear”. What if the “fear” is overpaying for a house by $200K? Surely most people would care about losing such a sum?

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Well last I heard, Alberta used the C$ and prices are now tanking. And they have oil too, which has gone up a lot lately, in case you haven’t noticed.

And I think anyone with a teensy weensy bit of economic savvy will tell you that a rising C$ is bad for the BC economy. Oh, sorry I forgot that BC RE doesn’t depend on the local economy because RE is the economy.

The rationalizations never end.

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The message is loud and clear that we can not take our current status for guranteed.Specially age is a main factor,I am worried about people who are over 35 and did not buy anything yet,because around 40 its very hard to take a mortgage decision.

Any body before 35 year of age if they can afford monthly mortgage payments should proceed without any fear.
Anyway little bit off the topic: countinue from last page here is little update smile for all the “bears” and “bulls”
Had Enough said…
sadly that will never happend -yeah- hon -hon.OK here we got a smile for all.
GST cut one percentage point to 5%, effective Jan. 1, 2008
Personal income tax cut retroactive to Jan. 1, 2007, cutting lowest marginal tax rate to 15 per cent from 15.5%
Jump in basic personal exemption to $9,600, retroactive to Jan. 1, 2007, increasing to $10,100 in 2009
$10 billion in federal debt paydown
One percentage point cut in corporate tax to 19.5% in 2008
Reduction in corporate tax rate to 15 per cent by 2012
Small business income tax reduced to 11% by 2008
Total tax cuts of $60 billion over 5 years.
5%GST in the making part-2

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