Comments on: Best of Vancouver 2008 http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html?utm_source=rss&utm_medium=rss&utm_campaign=best-of-vancouver-2008 Bubble? What Bubble? Thu, 24 May 2012 09:33:26 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: pundit bandit http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24103 pundit bandit Tue, 05 Aug 2008 23:49:55 +0000 http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24103 #35, thanks for posting the link. Now the news really hit mainstream. Does anyone know why they exclude Surrey in the 2.1% drop they mention? "price for all property types in Metro, excluding Surrey, hit $556,605 in July, down 2.1 per cent from May." Anyone know the % including Surrey?<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-24103">0</span> <small>(to vote for this comment, please visit the site)</small></p> #35, thanks for posting the link. Now the news really hit mainstream. Does anyone know why they exclude Surrey in the 2.1% drop they mention? “price for all property types in Metro, excluding Surrey, hit $556,605 in July, down 2.1 per cent from May.”
Anyone know the % including Surrey?

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]]> By: M- http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24127 M- Tue, 05 Aug 2008 20:22:11 +0000 http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24127 pundit bandit / that guy: The REBGV (Real Estate Board of Greater Van) doesn't include Surrey's statistics because Surrey is part of the FVREB's (Fraser Valley Real Estate Board) territory. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-24127">0</span> <small>(to vote for this comment, please visit the site)</small></p> pundit bandit / that guy:

The REBGV (Real Estate Board of Greater Van) doesn't include Surrey's statistics because Surrey is part of the FVREB's (Fraser Valley Real Estate Board) territory.

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]]> By: that guy http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24111 that guy Tue, 05 Aug 2008 17:44:37 +0000 http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24111 i hate to willful manipulation of the numbers, but maybe they exclude Surrey because: ".... Surrey [posted] the biggest decline in average house price. Surrey's average detached-home sale, at $520,232, was down six per cent from June." (quote from the sun article) i'd rather believe it has something to do with how the REBGV and FVREB are defined. anyone? <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-24111">0</span> <small>(to vote for this comment, please visit the site)</small></p> i hate to willful manipulation of the numbers, but maybe they exclude Surrey because:

"…. Surrey [posted] the biggest decline in average house price. Surrey's average detached-home sale, at $520,232, was down six per cent from June." (quote from the sun article)

i'd rather believe it has something to do with how the REBGV and FVREB are defined. anyone?

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]]> By: pundit bandit http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24096 pundit bandit Tue, 05 Aug 2008 16:11:35 +0000 http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24096 btw sorry for dragging the blog of topic. I'll shut up now ;-) <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-24096">0</span> <small>(to vote for this comment, please visit the site)</small></p> btw sorry for dragging the blog of topic. I'll shut up now ;-)

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]]> By: pundit bandit http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24095 pundit bandit Tue, 05 Aug 2008 16:09:40 +0000 http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24095 Lager, not sure i agree with you. Top task of a mortgage broker is Marketing to attract clients: <a href="http://(http://en.wikipedia.org/wiki/Mortgage_broker#Tasks_of_mortgage_broker)" rel="nofollow">(http://en.wikipedia.org/wiki/Mortgage_broker#Tasks_of_mortgage_broker)</a>. He makes more money the more people he gets to sign up. If you go buy a car, I wonder, do you go to a car broker that looks at car deals for you and finds the best car deal for your needs and helps you with the hassle of finding a dealership that offers the best deal? I'd assume not, you'd go on the WWW or on the street and find out yourself. So why are people able and willing to compare car deals but not mortgage deal/conditions? After all when taking out a mortgage they're likely going to spend a good chunk more than on buying a car. Time for the avg consumer to grow up, be less naive and shop for themselves. Also, it's not that 'When I grow up I want to be a mortgage broker!'. I think people doing this are usually driven by money/greed. Who'd honestly enjoy being a mortgage broker if it wasn't for the money? Honest mortgage brokers are like honest real estate agents, they're extinct (almost, after all there's Paul :) <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-24095">0</span> <small>(to vote for this comment, please visit the site)</small></p> Lager, not sure i agree with you. Top task of a mortgage broker is Marketing to attract clients: (http://en.wikipedia.org/wiki/Mortgage_broker#Tasks_of_mortgage_broker). He makes more money the more people he gets to sign up. If you go buy a car, I wonder, do you go to a car broker that looks at car deals for you and finds the best car deal for your needs and helps you with the hassle of finding a dealership that offers the best deal? I'd assume not, you'd go on the WWW or on the street and find out yourself. So why are people able and willing to compare car deals but not mortgage deal/conditions? After all when taking out a mortgage they're likely going to spend a good chunk more than on buying a car.

Time for the avg consumer to grow up, be less naive and shop for themselves.

Also, it's not that 'When I grow up I want to be a mortgage broker!'. I think people doing this are usually driven by money/greed. Who'd honestly enjoy being a mortgage broker if it wasn't for the money? Honest mortgage brokers are like honest real estate agents, they're extinct (almost, after all there's Paul :)

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]]> By: Anonymous http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24094 Anonymous Tue, 05 Aug 2008 16:07:12 +0000 http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24094 <a href="http://www.canada.com/vancouversun/news/story.html?id=82833bf9-06a4-46fc-b13c-d05c01f47826" rel="nofollow">http://www.canada.com/vancouversun/news/story.htm...</a> <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-24094">0</span> <small>(to vote for this comment, please visit the site)</small></p> http://www.canada.com/vancouversun/news/story.htm…

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]]> By: Drachen http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24093 Drachen Tue, 05 Aug 2008 16:02:05 +0000 http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24093 <b>8765309 (is your real name Jenny?)</b> "when she pops, there won’t be buyers at any price." That's not entirely accurate. Even in the hardest hit places there will still be transactions. Technically prices actually <b>can't</b> go down without those transactions. If nobody buys then prices are set according to the last recorded sale. There will always be buyers, many of them on the downside will be convinced that things are about to turn around, others are driving prices downwards by getting what they think is a great deal. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-24093">0</span> <small>(to vote for this comment, please visit the site)</small></p> 8765309 (is your real name Jenny?)

"when she pops, there won’t be buyers at any price."

That's not entirely accurate. Even in the hardest hit places there will still be transactions. Technically prices actually can't go down without those transactions. If nobody buys then prices are set according to the last recorded sale.

There will always be buyers, many of them on the downside will be convinced that things are about to turn around, others are driving prices downwards by getting what they think is a great deal.

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]]> By: JJ http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24092 JJ Tue, 05 Aug 2008 16:01:48 +0000 http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24092 I can't believe that MSM has the comments open on their Real estate article ! <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-24092">0</span> <small>(to vote for this comment, please visit the site)</small></p> I can't believe that MSM has the comments open on their Real estate article !

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]]> By: Drachen http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24091 Drachen Tue, 05 Aug 2008 15:35:28 +0000 http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24091 <b>Lager</b> But they can and often do get people to do something that they will later regret. Whether it's paying too much or overlooking flaws in the product that the slick salesman glossed over, it's still dishonest and immoral behaviour. However, I'm sure some mortgage brokers are honest and forthright, just as some real estate agents are. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-24091">0</span> <small>(to vote for this comment, please visit the site)</small></p> Lager

But they can and often do get people to do something that they will later regret. Whether it's paying too much or overlooking flaws in the product that the slick salesman glossed over, it's still dishonest and immoral behaviour.

However, I'm sure some mortgage brokers are honest and forthright, just as some real estate agents are.

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]]> By: 8765309 http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24090 8765309 Tue, 05 Aug 2008 15:33:24 +0000 http://vancouvercondo.info/2008/08/best-of-vancouver-2008.html#comment-24090 Rob, as usual , great googly gook. Jeff it hasn’t made sense to buy in Vancouver in a long time. Why would anyone be still buying? There will be people buying until the 11th hour and 59 min and 59sec, that is- until there are no fools left. This is the beauty (or ugliness of this bubble) when she pops, there won’t be buyers at any price. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-24090">0</span> <small>(to vote for this comment, please visit the site)</small></p> Rob, as usual , great googly gook.

Jeff it hasn’t made sense to buy in Vancouver in a long time. Why would anyone be still buying?

There will be people buying until the 11th hour and 59 min and 59sec, that is- until there are no fools left.

This is the beauty (or ugliness of this bubble) when she pops, there won’t be buyers at any price.

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