Comments on: Vancouver sales drop for second month

By: mathamatical

mathamatical — Thu, 20 Mar 2008 12:09:43 +0000

“If you think real estate is different from every other asset, and that this boom is never-ending, you must be from Vancouver.” That was awesome. While I was reading the article I didn't expect to see that but then "boom" there it was. A wake up call to the people in Vancouver.

Current score: 0 (to vote for this comment, please visit the site)

By: Ebi

Ebi — Wed, 19 Mar 2008 13:02:10 +0000

Current score: 0 (to vote for this comment, please visit the site)

By: Van TO Van

Van TO Van — Wed, 19 Mar 2008 08:45:31 +0000

How about Garth Turner's response to some RE talking head's comments on his book: Hey, nice review for a guy who has not read my book! Maybe I can buy a house from John that he has never bothered looking at. However, I am flattered he's this insecure. I must be on to something. One sharp dude.

Current score: 0 (to vote for this comment, please visit the site)

By: scullboy

scullboy — Wed, 19 Mar 2008 08:40:10 +0000

COndohype and co: That quote's funny because it is oh, so true.

Current score: 0 (to vote for this comment, please visit the site)

By: depresso

depresso — Wed, 19 Mar 2008 06:58:27 +0000

Your tax dollars at work: TransLink looking at real-estate revenues

Current score: 0 (to vote for this comment, please visit the site)

By: condohype

condohype — Tue, 18 Mar 2008 22:59:22 +0000

"If you think real estate is different from every other asset, and that this boom is never-ending, you must be from Vancouver." Puhlaya, I second your call on Garth Turner's quote. It's beyond hilarious.

Current score: 0 (to vote for this comment, please visit the site)

By: Anonymous

Anonymous — Tue, 18 Mar 2008 20:31:36 +0000

"Looks priced pretty well.....Unfortunately for my clients it’s a bit beyond there reach" Will, That's why this bull run cannot last forever.

Current score: 0 (to vote for this comment, please visit the site)

By: -A-

-A- — Tue, 18 Mar 2008 20:26:30 +0000

"Is it so hard to believe that the number of sales fall while prices remain steady or even may increase (as nearly every analyst, including the fairly conservative credit unions, have forecast)? " Will: Every analyst who is paid by your industry, and as for the credit unions, they could possibly get wiped out completely by the bursting of the bubble, as they are heavily exposed to the mortgage market. And as a realtor you must have some idea just how fake most of the supporting documentation for the loan qualification is. When the bubble bursts, the credit unions will be holing on to assets not worth 50 cents on the dollar. A few will go broke, and no analyst who works for the industry will want to be the first to call the bust.

Current score: 0 (to vote for this comment, please visit the site)

By: Will

Will — Tue, 18 Mar 2008 19:26:43 +0000

Anonymous - That's a cute home there on 31st. Looks priced pretty well, too. Pretty sure it will find a buyer soon enough (only been on the market half the time the average house sells and this is priced more than that). Unfortunately for my clients it's a bit beyond there reach.

Current score: 0 (to vote for this comment, please visit the site)

By: ex-vancouverite

ex-vancouverite — Tue, 18 Mar 2008 18:26:36 +0000

Garth Turner is a real pistol -- from the interview... Sue W: We might never be able to sell, except to a greater fool? Never Sell? Please Mr. Turner, could you please provide a few examples of some properties which have NEVER sold. Garth Turner: Did I say that? Think not. As with stocks and mutual funds, there's always a buyer for real estate, at a current market value. For example, a share of Bear Stearns was worth $170 last year and $30 last week. On Sunday it sold for $2. If you think real estate is different from every other asset, and that this boom is never-ending, you must be from Vancouver. Gotta love it:)

Current score: 0 (to vote for this comment, please visit the site)