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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“…. 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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“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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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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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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“I like condohypes endorsement of Rennie as ‘Best Used Car Salesman’ too.”

Oh, I thought we were all going to put Rennie down for ‘Vancouverite closest to Hell’.

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One’s motives and biases are completely irrelevant if debating in good faith. It is when this faith is compromised do personal motives become relevant. Unfortunately some of the last 2 posts’ comments crossed over this line.

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Hahaha.

I like condohypes endorsement of Rennie as ‘Best Used Car Salesman’ too. Here’s a few of the other categories I voted for:

Best New Condo Development: Gardenia Villa
Best local comedian: Cameron Muir
Most outrageous Olympic cost overrun: condo prices
Best Neighborhood: Main and Hastings

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“Some of the bears here accused me of being a shill or having some type of hidden agenda, which is patently false.”

Perhaps you don’t know what patently false means. It means something is obviously or inherently false. If it were patently false then nobody acting in good faith would have accused you of having a hidden agenda. I can confirm that at least one person did accuse you of having a hidden agenda in good faith, therefore it is not patently false.

So, either use terminology you understand and don’t try to use words that are beyond you;

or, stop saying things that you know are inherently untrue.

The latter, I might point out is a big part of the reason you’ve been accused of these things in the first place, you have consistently misrepresented your positions, your data and your methods. So consistently that it has become obvious that you are not interested in a two way debate, you are here merely to push your ideas down other people’s throats and really could care less about what we have to say.

That said you’ve been much better recently, I’m just pointing out why you’ve been accused of these things since it seems you don’t remember.

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“Are you sure that that ‘The source’ and ‘Dave @ Revnyou’ are not the same poster?”

There’s no way he can be all he knows is that they’re not connecting through the same network. For all the Pope knows The Source is Dave@Revnyou when he’s at work.

However I suspect The Source is just dicking around, saw Dave@revnyou posted his website here publicly and figured he’d just jerk us around a bit.

No matter, this is why it’s pointless to discuss identity unless the two are obviously the same person (ie Krrish’s many handles).

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That’s old news, Burnaby inventory started really taking off several month ago. There’s almost twice as many places for sale in North Burnaby than theres’ ever been in the last few years.

http://www.nvcondos.realpagema.....aPageId=14

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Can I ask how you confirmed that? IP addresses?

Are you sure that that ‘The source’ and ‘Dave @ Revnyou’ are not the same poster?

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I have been posting on this site for only a couple months using the handle, ‘Dave’, which is my real first name. Some of the bears here accused me of being a shill or having some type of hidden agenda, which is patently false. When your husband posted his website, many of the bears concluded that it was my supposed hidden identity. Further compounding matters are some coincidental similarities between your husband and I including our first names, places we have lived (Victoria, Burnaby) and our posting information about endurance races. I have only ever posted under one name, which is Dave. My first few posts may have been under ‘anonymous’, but I can’t recall. Nobody has been posing as your husband.

Clear?

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First, I want to set the record straight… Dave, my husband, made one post on this blog (ONE POST ONLY – with reference to fixed vs. floating mortgage rates I believe – his post shows up as Dave @ revnyou). He was trying to contribute to quality conversations. I guess it all got out of hand with the different Dave’s and someone posing as him?? It’s hard to follow and I don’t have time to sort it all out.

Yes he is a commercial mortgage broker, (and he was a residential mortgage broker before that, and he worked at Scotiabank before that) but we’re also real estate investors. We share our stories of real estate investing in a FREE newsletter and a FREE blog in our spare time. Aside from a few dollars from ads, we don’t make money from the venture. We do it because we’re interested in it. We’ve built a large list of readers over the last few years, not because we know it all, but because we’re passionate about real estate, and people appreciate the real advice we give them. Even in a booming market it’s easy to lose money – and we tell our stories of how we messed up just as much as we tell the stories of where we went right. As we head into a tough market I think we’ll all need to be very careful in the investing decisions we make, as the market will be much less forgiving of bad decisions.

I don’t know if this clears any confusion up or not. But, I need to get back to work, and I hope that next time I check this blog we’ve returned to quality discussions instead of trash talking because I really do enjoy reading this blog, and many of the regular contributors bring up good points that I usually enjoy reading (one only needs to read the comments under STICKER FLICKER to know that there is usually some really good stuff in this blog!).

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Put the crack pipe down…and stay away from the glue…you are about to witness the other side of the rollercoaster over the coming 2-3 years…fasten up. We are going to witness how sheep get slaughtered…

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