Comments on: Downtown townhouse market tracking

By: Downtown Vancouver waterfront townhouse market tracking data | Vancouver Condo Info

Tue, 16 Sep 2008 00:40:58 +0000

[...] the end of July we posted an excel spreadsheet that YLTNBoomerang is using to track the market for Downtown waterfront Vancouver townhouses. YLTN just sent in the updated data so I’m posting it here for anyone interested in this [...]

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By: beta

beta — Thu, 31 Jul 2008 13:16:52 +0000

Oversupply is not limited to houses in outlying areas.

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By: Drachen

Drachen — Thu, 31 Jul 2008 08:54:36 +0000

Good link Blueskies, he massively overstates his case though. I think if he'd stopped at point #1 he'd have been doing better as some of his later points contradict each other. #3 Oversupply will drive priced down. #7 Houses in outlying areas will be worth nothing. Well #7 eradicates #3, they can't both be true, if housing in outlying areas is abandoned it's no longer housing and the oversupply disappears.

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By: Informed cleantown

Informed cleantown — Wed, 30 Jul 2008 20:34:29 +0000

hey non nutslap! The overbuilding was not the result of meeting demand for housing, it was all about meeting the demand for speculative vehicles. Once the speculators are slowly roasted year after year by declining prices, then eventually nobody will be thinking that housing is a "great investment." Once that belief system has been eradicated via everyone who acted on it being destroyed financially, then housing will once again be viewed as shelter rather than a speculative vehicle for investment or "get rich quick" deals.

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By: Anonymous

Anonymous — Wed, 30 Jul 2008 19:47:40 +0000

Nice link, blueskies. Especially agree with the bit about low-quality housing going down a lot more than high quality housing. Extreme bargains will be there, for sure, but anybody holding out for a $400k west side home is almost certainly SOL.

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By: bdk

bdk — Wed, 30 Jul 2008 19:44:29 +0000

Great link Bluesikies. How thw&^%$ could one of the idiotic trolls, who jester about on here, read that and concule prices are going anywhere but down 40%????

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By: blueskies

blueskies — Wed, 30 Jul 2008 17:59:20 +0000

interesting read..... http://tinyurl.com/bigdrop Oversupply and Compression: How the Median House Price Will Fall from $215K to $70K

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By: Anonymous

Anonymous — Wed, 30 Jul 2008 16:58:23 +0000

Well this oughta be good for pre-sales - looks like Sea-2-Sky shutdown for a few days due to large landslide at Porteau Cove. 200 mile detour! "If you lived here, you'd be home by next Thursday."

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By: The Pope

The Pope — Wed, 30 Jul 2008 16:23:53 +0000

Another contributor who wishes to remain anonymous has sent in a graph of the asking price per square foot for downtown townhouses from this data. I've just updated this posting with that graph.

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By: jesse

jesse — Wed, 30 Jul 2008 16:02:05 +0000

"$63K forgone is not bad considering he had to figure out a few things:" You guys are killing me with all this! "Save me from myself!" It's like asking your buddy to hold your money at a casino because you're a compulsive gambler. Maybe dude had a girlfriend he didn't trust. If they were common law at the time of the purchase he'll be in court anyways.

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