Comments on: Local Americans selling?

By: Drachen

Drachen — Thu, 22 Nov 2007 09:23:00 +0000

Good point diculous, or as our favourite punching bag would say."Blog find extremes that ofWow....within both from Thumbsup/SATV.... toWow....within this extremes - gemsby extremes left Blog lumpsfind from gems shit leftWow....within Blog extremes - of"Maybe I've figured out where his wonderful style comes from. Dada Poetry Generator

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By: Re-diculous

Re-diculous — Wed, 21 Nov 2007 19:26:00 +0000

Futurestar.....thanks for that piece.....that's a definite keeper!Wow....within this Blog I find both extremes - from gems like that to lumps of shit left by Thumbsup/SATV....

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By: CBB

CBB — Wed, 21 Nov 2007 16:04:00 +0000

Asian credit crunch beginsThe tipping point for Vancouver RE?

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By: futurestar

futurestar — Wed, 21 Nov 2007 09:16:00 +0000

This comment totally applies to Vancouver as well: "Go back in time to the year 2000 when the NASDAQ was trading at 5,000. Some people said it was a bubble and couldn't go on forever. Yet the temptation to go with the flow and make was seemed to be easy money was irresistible. Driven by the marketing efforts of those who make their living in the stock market, it was argued that prices would still go higher. If you bought into their line of reasoning, surely NASDAQ 10,000 was not too far away. I was reminded of those times when I read David Lereah's book "Are You Missing the Real Estate Boom." Even after the biggest 5-year run-up in housing prices in U.S. history - where 40% of all homebuyers must now resort to interest-only adjustable rate mortgages in order to qualify for home financing - Lereah tries to convince us that the U.S. real estate market should continue to stay healthy for the next 10 years. His arguement goes something like this: Even though housing prices are high, the combination of low interest rates, 80 million wealthy baby boomers and their offspring ("echo boomers") will continue to fuel demand. This is not objective, unbiased advice. As head cheerleader for the Realtor hallelujah choir, Lereah is using the same tactics that have been well-honed on Wall Street: "When the ducks are quackin', feed 'em." I don't remember what Lereah was saying about U.S. housing prices in 1998 or 1999 when prices were 30% lower than they are today (and 75% lower in many of the highly populated coastal regions), but I think its safe to say he wasn't forecasting a coming real estate boom that would last for the next 15 years. The key to making money in real estate - and keeping it - is to get aboard a rising real estate trend early, not late. While it is true that real estate is a good long-term investment, what Lereah ignores is the cycle nature of real estate. In other words, if you buy an overvalued house late in the market cycle - and you are over leveraged and illiquid like most Americans are today - you may not be around for the long-term." Robert Campbell Author of "Timing the Real Estate Market"

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By: Strataman

Strataman — Tue, 20 Nov 2007 20:58:00 +0000

"And those opportunities will continue to exist throughout this decade and into the next…….'" Twas terrific, was also published in 2005 before the US crash, would have liked to hear SATV talking about it, hell he could write a Canadian one now and join the club!

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By: Professor Robert Pil

Professor Robert Pil — Tue, 20 Nov 2007 20:12:00 +0000

robsnumbers,Good Work do you know i often say that to people Vancouver is scullibully beautiful and handsomly rewarded thumbsat city of this world.good to hang around in yaletown,crosstown,gastown,and on robson.

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By: Re-diculous

Re-diculous — Tue, 20 Nov 2007 19:42:00 +0000

Beautiful! ....what a hoot! I love the start of the second paragraph - 'What you may not know is that the opportunities still abound in the U.S. real estate markets. And those opportunities will continue to exist throughout this decade and into the next.......' I think if Amazon placed this in the comedy section they'd get more than (current) 13cent bids

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By: rob/satv is on a rol

rob/satv is on a rol — Tue, 20 Nov 2007 17:16:00 +0000

â€œAre You Missing the Real Estate Boom?: The Boom Will Not Bust and Why Property Values Will Continue to Climb Through the End of the Decade - And How to Profit From Them (Hardcover)â€pefect gift for Satv and friends

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By: tulip-Mania2

tulip-Mania2 — Tue, 20 Nov 2007 16:27:00 +0000

"Sold out in 2 hours?" B.S.Successfully staged as sold out in 2 hours is closer to the truth.It was a media event. The result of many months of high pressure sales manoeuvres.The high pressure sales tactics are the same as those used in selling the time share schemes.In the American, bubble markets where they staged overnight line ups, and offers to sell to "VIP's with subprime credit, by reserved invitation only, and other deceitful gimmicks, the bubble burst eventually, just the same.Maybe that may not be the case as we are such a smart city, but I doubt it.

Comments on: Local Americans selling?

By: Drachen

By: Re-diculous

By: CBB

By: futurestar

By: Strataman

By: Professor Robert Pil

By: Re-diculous

By: rob/satv is on a rol

By: tulip-Mania2

By: Swirlyman