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February 11th, 2008 at 12:27 pm
I’m sure someone who “ignored the fear” and bought a condo in San Diego in 2005 might paint a different picture. Don’t confuse risk with fear.
February 11th, 2008 at 12:27 pm
There is unprecedented demand for real estate in Vancouver and people are still buying.
Have you listened to Jurock lately? He seems to disagree with you regarding Vancouver condos. Or is he just another bear?
February 11th, 2008 at 12:25 pm
People that ignored the fear and bought have done very well so far.
So are you saying that everyone that bought before the run up has sold? How exactly have they done very well? Unless you have the cash in your hands it’s called paper profits. I know many who did VERY well during the dot com boom with employer stock options, I’m sure you can guess how they are doing now.
February 11th, 2008 at 12:24 pm
People that ignored the fear and bought have done very well so far.
so far….. can it continue?
OT but i’ve noticed that a lot of metro vancouver young gangsters have opted for the early retirement program….
February 11th, 2008 at 12:23 pm
Krrish, I have a lot of trouble believing they let you out of the house without a note pinned to your chest.
February 11th, 2008 at 12:18 pm
Those statscan numbers are from 2006 – thats two years ago. Its possible that the ratio of products we sell to the US vs. the rest of the world has changed dramatically in that time.
Here’s what I know: There is unprecedented demand for real estate in Vancouver and people are still buying. Prices are the highest they’ve ever been and people are still buying. People that ignored the fear and bought have done very well so far.
February 11th, 2008 at 12:16 pm
kidding boys
February 11th, 2008 at 11:59 am
“Vancouver is different, our customers are all over the world”
BWAAHAHAHAHAHAHAHAHAHAHA!
February 11th, 2008 at 11:44 am
Stats Can…..
2006 total B.C. exports to all countries 34,823,150
2006 total B.C exports to the U.S. 21,297,850
60% of all B.C. exports go to the U.S.
75% of all Canadian exports go to the U.S.
February 11th, 2008 at 11:44 am
Vancouver has the second populated downtown inNorth America after Manhatan, with the difference being that there are no business in here … only Shangri’la and leaky condos.
February 11th, 2008 at 11:31 am
A thought just crossed my mind…
There can’t be a seam of granite in a 1,000 mile radius, what with all the countertops.
February 11th, 2008 at 11:29 am
Well it certainly explains a lot of the bullish sentiment, doesn’t it?
February 11th, 2008 at 11:26 am
BWAAHAHAHAHAHAHAHAHAHAHA!
Dosh, have you ever been east of the Rockies?
I just got back from NYC. My boyfriend just moved from NYC. I spent 10 years in Toronto, and have travelled.
Honey. Vancover is NOT a cultural center. There’s a *small* opera here, and a *small* art gallery. I’m sorry but except for Bill Reid, and Douglas Coupland Van really has nothing to offer culturally.
Look, I hate Toronto and even I would be the first to admit it’s got WAY more culture then Van. So do Montreal, Quebec City and HALIFAX for God’s sake.
I’m also sorry to tell you this, but Van’s not a particularly cosmopolitan town, either. There are a lot of Asians and Indians here, but that’s it. It’s not really an “all over the world” kind of place.
You’re right. We don’t fasion widgets for the Americans. Asians do. So… if America goes into recession, and consumers stop buying widgets, what happens to all those “rich foreigners”?
Sorry buddy, Van’s not a cultural capital, but it’s cute that you and so many others think so. What, exactly makes Vancouver a cultural capital?
February 11th, 2008 at 11:23 am
Yes Dosh, all of the charts and analysis that you have provided are much more accurate. Thank you for your valuable input!
February 11th, 2008 at 11:23 am
when in doubt slag the competition
http://tinyurl.com/2b2dp6
* Much more affordable and luxurious than the newly launched and overpriced Pier development *
Ask the seller about special payment incentives!
February 11th, 2008 at 11:17 am
Well done, Pope. You did the blogger’s equivalent of farting in a Kindergarten class. Certainly very funny but not everyone “gets” it.
February 11th, 2008 at 11:15 am
tony,
if it good to be an idiot carry on,I am heading for work.
February 11th, 2008 at 11:12 am
I’m not sure if you’re both being sarcastic or not.
February 11th, 2008 at 11:12 am
Krish, Just pay attention to those boxes you move around at work all day, forget about the economy, you might hurt yourself or someone else!!!!
February 11th, 2008 at 11:10 am
“just wondering about the data”
“this chart is misleading”
Holy man
February 11th, 2008 at 11:07 am
yep and then cry for affordability right?
February 11th, 2008 at 10:59 am
Excellent Climactic Conclusion
February 11th, 2008 at 10:56 am
well said the pope, I beleive you that’s why i went farther to make the picture clear.
February 11th, 2008 at 10:55 am
I love you 2 SOFIA but issue was to decide accusation without anecdotal this master can’t show the people what is going on and making fool of people here and there. now you see the trend,future and current projection but master is always confusing people with old date and that is of course here and there.
I will teach him economy some time in my free time
February 11th, 2008 at 10:52 am
These stats don’t exist, this chart is misleading. There is no way to track those causes.
February 11th, 2008 at 10:52 am
“We are a cultural center like New York or London as much as some of the bears here hate to hear that.”
Dosh, you would have learned a lot if you got past grade ten.
B.C.’s industries are forestry, mining, tourism, movies and drugs. These are all dependent on the U.S. you imbecile. When the U.S. put additional tariffs on lumber it really hurt B.C.’s economy.
Why is Vancouver like New York or London? Because it has streets and buildings too? How does it compare in population? How many corporate head offices are in Vancouver?
Are you sure it’s not more like Indianapolis or Cleveland? Cleveland also has streets and buildings and people who live there think it’s a great city, just like you.
Maybe Dosh is just Krissh using spell check.
February 11th, 2008 at 10:47 am
I don’t understand where you get these statist…
Oh… I see what you did there…
February 11th, 2008 at 10:43 am
just wondering about the data backing up this chart? how was the chart compiled? i would love to show this to some bulls i know (i am definitely not one of them!), but am interested in the data behind it!
February 11th, 2008 at 10:40 am
You all give one troll too much attention!
February 11th, 2008 at 10:39 am
Krrish doesn’t work and he lives with his Mum, sharing a one bedroom apartment, my source, Informer, told me.
He doesn’t own property, he never has and he never will.
He also has nothing relevant to offer but he doesn’t let that stop him.
Once he finally takes the hint he’ll end up posting in a knitters anonymous group, telling them to buy wool before they get priced out forever.
I know of several people who’ve made money buying and selling wool, the wisemans are all lining up to do it.
The cost of wool can only go up because of the Olympics and,um, the boomers are getting old and we all know old people like to knit.. buy now or you’ll never be rich.
February 11th, 2008 at 10:36 am
wonder what happens if the U.S. drags Canada into a recession.
Not going to happen. IF the US goes into recession it might have an effect back east, but Vancouver is different, our customers are all over the world and we’re not manufacturing widgets. We are a cultural center like New York or London as much as some of the bears here hate to hear that.
February 11th, 2008 at 10:28 am
I know people who are investors in the housing market, they don’t have time for blogs.
February 11th, 2008 at 10:25 am
Notice that Krrrsh has tons of time on their hands since they blog so much. If someone thinks real estate is so “hot” wouldn’t they be out buying as many properties as they can, flipping houses, etc. instead of yak, yak, yak on numerous blogs.
February 11th, 2008 at 10:16 am
“Boom psychology is the egoism that investors get during good times. When that dissipates, it’s bad for the economy.”
February 11th, 2008 at 10:09 am
Future population growth….wonder what happens if the U.S. drags Canada into a recession. There goes all those real estate will go up forever predictions.
February 11th, 2008 at 10:01 am
Only someone with a vested interest could make such a mistake. I’m sure Rennie put you up to this–unless you are actually Rennie!
Dag-nabbit Muir! I thought we agreed we wouldn’t reveal each others secret identity!
I stand by my chart. Those stats are completely accurate and a reliable source to base a buying decision on. I can tell you I went through some considerable discomfort pulling them out though.
February 11th, 2008 at 9:47 am
you’re an idiot.
nicely put, succinct without the excess verbosity usually found in satv/k/? posts…
February 11th, 2008 at 9:41 am
Krrish1, you are missing out on a key point.
Everyone here wants to read what VHB has to say whereas not one person here cares what you have to say because you’re an idiot.
The more you write the more you prove this point. So go buy a leaky condo, it’s clearly a great time for you to get in the market, TROLL.
February 11th, 2008 at 9:38 am
Ah krrish, how I love you.
I said many times you’re our canary in the coal mine, and today you seem a little… humourless. Are you feeling a little lightheaded?
You having problems making the mortgage payment, buddy? Maybe getting a bit nervous because it’s looking like that ‘investment’ property might not be worth as much as you thought?
I think it’s safe to say the bitchier our buddy Krrish gets, the further from the top we get in the Van market.
Love ya, krrish…. see you at the bottom of the curve
February 11th, 2008 at 9:14 am
lager,
I don’t know when I am dealing with main crocodiles why I have to fight with multiple fishes,
Answer to your question on this point is do your own reserch,I can only answer your question when I will be free.
February 11th, 2008 at 9:11 am
what happend now are you still eating popcorn trend is your friend hon, trend is your friend, here are the trend here is your friend Krrish1 forever http://www.realtylink.org/hpi/.....YPE=buyers
you need to take a day off and give your head little rest have a good day.
February 11th, 2008 at 9:07 am
*No more land
If you have one floor that covers 3000 sq feet and you turn that into 50 floors that cover 3000 sq feet each, what do you call that? Seen all those cranes on the skyline? What do you think they’re doing there? They ain’t just for pretty!
February 11th, 2008 at 9:03 am
shut up are you blind showing people pop trend till 2006 don’t you know this is year 2008.OPEN your EYES right here and go to see doctor for your self.
Population
British columbia
Total (2007) 4,402,931 (est.)
GV
2,116,581( 2006) confirmed
Vancouver(2007)
City 611,869
Metro 2,289,900 (2007)-2,116,581(2006)=what
future projection
Population Comparison
Vancouver City Surrey/White
2001 578,993 382,350
2006 618,469 434,431
2011 655,926 484,225
2016 683,686 532,034
2021 707,656 579,802
2026 726,702 622,523
2031 741,930 659,560
*No more land mass *
2003 – 35,850
2004 – 39,721
2005 – 48,444
2006 – 54,952
2007 – 54,952 (53% increase over 2003)
2008 – 56,800 (forecast)
February 11th, 2008 at 9:02 am
That’s not all that’s broken…
Hey VHB, I liked your chipman graph the other day, is there any way you can put some of that stuff on a public blog site? You don’t have to update regularly or allow comments but it’d be nice to have access to some of your useful info from the past.
February 11th, 2008 at 9:02 am
If you laugh you miss out on PROFIT OPPORTUNITY! You must remain focused on task at hand! The best thing to do with a funny bone is have it surgically removed! Your wealthy spoiled heirs will not thank you because they will be too busy snorting coke and driving their Bently into highway medians, but they will appreciate the sacrifice you made. Have your funny bone removed TODAY!
February 11th, 2008 at 8:56 am
krrish1: I suggest you see your doctor immediately. It is clear your funny bone is broken. Sheesh. Chill.
February 11th, 2008 at 8:55 am
Just for the sake of clarity Krrish, did YOU predict a 7 year boom? Because if you did that must mean you are a soothsayer and I’d like to know precisely how long this boom will last. Please give us the exact date of the top and the exact date of the next market bottom. Thanks!
February 11th, 2008 at 8:46 am
VHB,
what about you accusing some one without anecdotal shhs.
- yes, I rent.
- yes, I did not call the top.
- yes, I did not predict a 7 year boom.
- yes, I have been wrong before
- yes, I did quit my blog.
“Here, tell these people somethin they dont know about me”
vhb peace out
VHB
february 7,2008 at8.36pm
February 11th, 2008 at 8:40 am
Oh, Pope, you are SO wrong. The data clearly suggest that low interest rates caused 7% and other was 39%. Only someone with a vested interest could make such a mistake. I’m sure Rennie put you up to this–unless you are actually Rennie! I could prove my facts with links, but I’ll just rest on my great authority and assert it.
February 11th, 2008 at 7:36 am
This condo is wiiiicked! It’s like totally 3D! Quit bogarting the joint, pass the dutchie man! whoa. I can feel the shrooms kicking in, where do I sign?
Rennie Marketing