Here’s your open-topic post for Friday Dec. 7th:
-Vancouver residents should brace for major tax increase.
-Whistler proposes 6% tax hike.
-Fraser Valley house prices at 8 month low.
-Erosion risk in BC’s economic foundation.
-US foreclosures hit a record high.
-An imperfect solution to prolong the pain.
What are you seeing out there? Post your news, links and anecdotes here!
Drachen,if something does not exist that's not my problem.Because we were dealing with an issue created by k-financial what ever is available that is enough.Drachen,take a coffee break or something cool ice and easy I have moved to forward page you can pay me rant there.Thanx
Not only does it not exist OUTSIDE the article it doesn't exist IN the article. But it's really irrelevant anyhow whether it's 1st or 2nd (only relevant to show your state of mind I suppose). The price of renting commercial real estate in a small district in New Delhi has literally as little relevance as you can get to the price of buying residential real estate in Vancouver while still being in the general "Real Estate" field.As such it and you are completely without merit here.
would you like to point out what quotes?before you answer I also like to point out if some thing does not exist beyond article that's not my problem because you can not change the truth.I never tell lie to people,I would be happy being loser than a winner so drachen beleive me there is nothing to change the truth.
Thumb:From YOUR article."A survey of global market rents has put Delhi’s CBD in the second place as far as expensive office spaces are concerned."The quotes that you mention not only don't appear anywhere on that page they don't appear ANYWHERE ON THE INTERNET!!!(afaict) I googled them and came up blank.Dementia buddy, get a doctor's appointment. Perhaps you should be checked for Schizophrenia too, you seem to be seeing things that simply aren't there.
One more,Fifth you're actually providing a perfect example of what is wrong with Vancouver. Notice in your example the rent/month to purchase cost is 144, this is a nice healthy number. Most places in Vancouver are around 300-350. Why is our purchase cost (in the popular downtown areas) nearly the same while rents are less than half? I'm sure even YOU can spot the inconsistency there.
drachen,you are getting brain dead.Go to the first comment does that anyhow says"that they are number one"then find this I goes"Worlds most expensive rental place is Connaught Place -new delhi-India".whats happening drachen cool down every one is looking at you.evidence are in the link so just chill out.
Oh man are you stupid. First off even the article you linked to said it's SECOND place not first. Secondly nobody here really refers to commercial space, you have to specify if you're going off on such a tangent.Third it's only a small DISTRICT of ND that's that expensive.Fourth $1,000 per sq foot is what some of the more posh developments HERE charge. By comparison ND actually IS a world class city and it's only natural that the priciest districts there would be expensive.Do I need to go on with this crap? Satv you have a mind like swiss cheese you should really look at getting tested for dementia. I'm not kidding or just being mean, you really have mental capability issues unless you're just faking the whole stupid thing as some have suggested. You remind me a LOT of… Read more »
No Drachen,First of all, I goes most expensive did not provide you number.Secondly-Those places are more expensive because of affordability ratio you need a 140 month of income to pay monthly compare to rupee value against$$'s.Third is dust in you guys brain's "A CRASH' does not mean that a homes can be purchased without money"explain that to every one one the board include micheal GOLD.Fourth,I am not intended to disscuss issue that goes beyond Vancouver but just for your satisfaction here is what I got for you.Connaught Place and surrounding locations, office rentals have gone up by 90% to 150% and stand at Rs 284 per sq.ft. The capital values for office space in this area have seen a rise of nearly 145 % as compared to last year and it stands at Rs 40,870 sq.ft. The vacancy rate in… Read more »
You're a lunatic Thumbs. Do you just make this stuff up whenever you're cornered?I looked it up New Delhi is #73 of the world's most expensive cities.Vancouver is #56New York is #10MoscowTokyoSeuolHong KongLondonAre the top 5 this is for RENTS as you specified.You are so full of crap Thumbs. Why do you even bother.
mr: May I recommend French-Kiss FM the best radio station in the world and Discollection-Radio.de from LatviaYou may not.
I think you both are confused between risk and chance. Living a life is risk. You are reinventing financial theory. Check for yourself:http://en.wikipedia.org/wiki/Risk#In_finance"In finance, risk is the probability that an investment's actual return will be different than expected. This includes the possibility of losing some or all of the original investment. It is usually measured by calculating the standard deviation of the historical returns or average returns of a specific investment"More of the same for the rest of your post. You totally fail to grasp that expectations are priced into stocks. Deviations from expectations are a random walk except for those who possess insider info (illegal) or for the blessed few who can "outguess" the market.With all due respect, you are making a mockery of basic financial analysis. So much so, that I don't think we will have any common… Read more »
Thumbsup…….are you repeating the same crap over and over? Why don't you fuck off? When you can explain why Shanghai housing prices crashed 2 years ago even though their population is STILL increasing then you can come back…PLEASE LEAVE
The worst radio stations on EarthOne only has to open Winamp to realize just how utterly culturally and musically deprived Vancouver really is. It's simply disgusting.Thank God for internet music and its thousands and thousands of free stations otherwise I'd slice my wrists having to listen to out crappy radio stations.May I recommend French-Kiss FM the best radio station in the world and Discollection-Radio.de from Latvia
K-Financial,China and India are most expensive real estate in the world,Worlds most expensive rental place is conghout place-new delhi-India,and bollywood-bombay stand equal to new york in housing prices you don't know?..Tony, good work but I don't like to go back and forth again so some other time, till than you can fix ground under your feet.
I think you are misunderstanding Patriotz explanation of "risk". Risk does not mean risk of losses. Risk is symmetrical. If you are expected to earn 12% with high risk, that really means that you could earn a lot LESS or a lot MORE than 12%. If your investment is expected to lose 12%, well then that is just a plain bad investment, risk or no risk.I said:I think you both are confused between risk and chance. Living a life is risk. Stock or Indy car racing are inherently risky. These pro drivers know how easily you can die driving at 150kph! But very few of them die, because they are smart and experienced enough not to take chances. But look at our BC young drivers on the less risky but more dangerous highways of our province. More of them are… Read more »
Thumbs Up, take an intro economics course. Population increase does not drive up real estate. If that's the case, China and India should have the highest real estate prices.
that bravia 5500 now cost 2000 and I am going for brand new model series 5 but still less almost 1500
i’d suggest you fore go the bling TV and save your pennies. in any case there are no cable outlets under the Whalley off ramp, where you could end if you don’t cover your assets.
In case anyone here doesn’t realize what a complete waste of bandwidth ThumbsUp is Trotter has taken his rich immigrants bullshlt: (ThumbsUp please respond with some more of your warehouse workers wit and insight to this revelation assuming you can make heads or tails of it.) From July 1, 2006 to June 30, 2007 Canada’s population increased by 326,500 persons.By July 1, 2007, the Canadian population had reached 32,976,000 During this period, Canada welcomed 238,100 immigrants16,200 fewer than the previous year48.5% chose to reside in Ontario The increase in the number of deathsOffsets births of 352,800 Chart 1Components of annual demographic growth, 1972/1973 to 2006/2007, Canadahttp://tinyurl.com/ywmy9c BC’s population grew at a rate (13.8 per 1,000) similar to the previous year.Since 2002/2003, the province has consistently grown faster than the national average. BC posted its strongest net interprovincial migration (+ 10,600)… Read more »
It always reminds me of 2 lane traffic in a traffic jam. The guy who’s always switching to the faster lane inevitably falls behind the person who chooses 1 lane and sticks with it.
Actually there are studies that show that you will end up marginally ahead of the “stay in one lane car” by always switching to the fastest moving lane. Same is generally true for momentum traders but much more difficult to put into practice.
well said drachen…….Wg2c,short on time only want to say welcome back dude.wg2c that bravia 5500 now cost 2000 and I am going for brand new model series 5 but still less almost 1500 Remember!chow…..
.There are more than 100k people arrived in Vancouver so far this year and 45,000 of them have bought a place for them self.my chinese realtor and friend told me that most incoming chinese buy a house for themselves and a condo for investment. these of course are only the buyers that he sees and may not be representative of all chinese let alone all immigrants. what do you think, thumbsup?
I think that the reason most investors who go short don't do very well is that to REALLY make money you have to buy when it's still going down and sell when it's still going up. That's VERY hard to do. Look at Thumbs, his investment is going up so he's in total denial that it's peaked. If he were realistic he'd be selling now, but it's human nature to hold on to an appreciating asset and sell a depreciating one, even if that means you're always late to the party.It always reminds me of 2 lane traffic in a traffic jam. The guy who's always switching to the faster lane inevitably falls behind the person who chooses 1 lane and sticks with it.
Thumpsup said… “There is lots to lose in stock market and nothing to lose in real estate”. Not really; you can lose everything in both, including your teeth (remember that story?) Freako said…Fact is that there are only a handful of people in the world who can beat the equities market in the long run. …The risk lies in investor’s laziness and trust of the corporate entity. Here’s strong support for Freako in this interesting article on the random movements of stocks and the con artistes of Wall Street: evolution of an investor Sure turns upside down the popular theory about support and resistance levels in stock (or property) price movements. Self-fulfilling prophecy seem more pertinent! Maybe johnnyrent is correct……the only thing that has to change is psychology, being as this is the primary driver of extremes in prices and… Read more »
Vanman,Somehow you forget to mention population growth,demand for more housing.Issue is to decide how many more houses can be built and in what area,people who drive luxuary cars in what area they would like to park. lets talk about airplane,what does that cost to own and what it takes to travel in it. if the airline does not find sufficient passenger to run their company airplane cost won’t come down. I mean when there is sky rocketing construction cost is in the making of houses or airplane, prices won’t be down. the least can happen is developer can stop construction unless the buyer shows up again,which simply means price won’t come down that easly. when there is a limted space and more people are coming in to dewell. considering the fact that mortgage rates then and now,employement rates then and… Read more »
Risk is everywhere. There is no such thing as a guarantee that you won't loose money. Even a loonie right now sitting on top of my table is loosing its value as we speak! It's called inflation.I think you are misunderstanding Patriotz explanation of "risk". Risk does not mean risk of losses. Risk is symmetrical. If you are expected to earn 12% with high risk, that really means that you could earn a lot LESS or a lot MORE than 12%. If your investment is expected to lose 12%, well then that is just a plain bad investment, risk or no risk.Anyone with an grade 8 algebra or lower can reach a balance sheet!!! I mean, it's all add and subtraction for crying out loud.You seem to think very little of market efficiency. Fact is that there are only a… Read more »