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August 22nd, 2008 at 6:30 pm
“apoleptic fury at the blue collar worker”
If you only knew my past… LOL! you would not be saying that.
I assume you meant ‘epileptic’.
Regards,
arit
August 22nd, 2008 at 6:16 pm
Pardon Me,
“I think you’ve been blinded by your own bubble-induced rage”
I think you totally mis-understood my post. I claimed that this budget is NOT possible. This situation CANNOT be happening. I actually agree with you. And in order to prove that, I drew a budget with the abovementioned claims showing that clearly they cannot be true.
So, to summarize: The claim of 80k construction workers with expensive condos, new shiny trucks and Marijuana cannot be true.
I would guess that, out of those who make 80k, SOME have condos, SOME have trucks, SOME have pot, and some have all of the above with debt.
Is it clearer now?
Regards
arit
August 22nd, 2008 at 6:08 pm
C’mon Arit, as much as I agree with you on the state of housing prices in the GVRD I think you’ve been blinded by your own bubble-induced rage. Not all construction workers are knuckle-dragging intellectual neanderthals. And not every construction worker has mortaged a $600k condo (ridiculous statement), pays $500 a month for their truck and $400 a month on fuel. Christ, most of the guys I know drive a POS or get a ride from a co-worker if they’re not taking transit. And in case you haven’t noticed, there isn’t exactaly a marijuana shortage in BC driving prices through the roof. Your budget is absurd.
Perhaps you might open your eyes a little and consider NOT painting whole swaths of a workforce with the same brush in your apoleptic fury at the blue collar worker.
August 22nd, 2008 at 6:02 pm
Martin, John,
With the risk of wasting valuable electrons, I will try to address your common sense… I admit not being overly optimistic.
Think about added value. We all come here to read valuable information and share our own. You, John, and now you, Martin, chose the ‘sarcastic’ way. Which is funny.
But what value do we get from your posts? What do I know after reading your posts that I did not know before?
Even simplistic posts like “I walked my dog today in New Westnabymond and saw 23 ‘For Sale’ signs in 30 minutes” have value, as ‘reports from the trenches’.
If you have absolutely nothing to share, you could comment on other people’s ideas. That also has value, as other people do look for feedback.
But the constant rethoric a la parrot is just wasted scren real estate. Nobody gains anything from it, except maybe a few laughs, which are OK I guess, but I can also get them at Julie Gobson’s site (when it returns).
Best regards,
arit
August 22nd, 2008 at 5:48 pm
Browntown,
“hey arit, you need longer arms and shorter pockets cheapo! suprised you shelled out for internet access! ha ha you’r missing a penny! ha ha”
Hey Browntown,
I agree with you. I AM cheapo.
You did not explain yet how you can have “all of the above” on 80k. Do you mind?
Regards,
arit
August 22nd, 2008 at 5:38 pm
*yawn… wish this whole process would pick up… between Mats Sundin and the real estate market… I’m bored. Off to play soccer now, enjoy the weekend!
http://www.canada.com/calgaryh.....f1de8f0f5b
“Layoffs strike Calgary’s once-booming homebuilders”
Blah, blah, booms aren’t sustainable, blah blah, here comes the bust.
August 22nd, 2008 at 4:57 pm
Hey John, I am a nail gun repairman myself. Very, very busy and profitable work. Life has indeed been good to me and the missus. I too have several condos under contract. Mine will have really nice shiny kitchens and so I’m pretty sure I’ll be makin profits. Nice shiny kitchens are the key. Yup, pretty much irresistable. I’m going to stage them with a wok on the stove to bring the Chinese who will want to live here during the 2010 games. I hear they have Olympic fever. I just hope they don’t wait until London 2012. I figure the market will peak here about 2010 a few days before the Olympics.
August 22nd, 2008 at 4:41 pm
hey #38 nutster, costs money to tear down and build anew! yeah try buy fed land in hope and commute to bdk’s tower! sorry land making machine needed, even bdk did some research! don’t be jelous of browntown! ha ha
August 22nd, 2008 at 4:41 pm
“According to a recent report estate agents are the professionals that currently lose the most sleep, which many find unsurprising given the state of the housing market and the effects of the credit crunch. Estate agents have reported very low sales figures, and with housing sales having plummeted over recent months there are reports that thousands of estate agents could end up losing their jobs as a result of the situation.”
http://www.realestatebull.com/
August 22nd, 2008 at 4:36 pm
My bet Satv is Rob,as per above post I tried to post on his blog, but he has a moderation flag on my ip address.
August 22nd, 2008 at 4:32 pm
Real Estate Bull { 08.22.08 at 3:30 pm } Hi Rob, the gang at Vancouver condo are asking for Satv/Krissh, I suspect they won’t hear from him.
Seems funny he/it disappears the same time you do.
You aren’t by chance posting under different handles are you?
Your comment is awaiting moderation.
August 22nd, 2008 at 4:29 pm
Browntown
Krissh
Satv
Informer
whatever other nutjob names he comes up with is all the same fool:
http://vancouvercondo.info/for.....3&t=48
There has been debate as to whether he’s an idiot with multiple personalities or just some bored guy pretending to be an idiot with multiple personalities.
August 22nd, 2008 at 4:26 pm
#79 browntown
“pls check with government to see how land making machine invention is coming”
Your the nut bar believing they aint making any land remark. What is old will be torn down and made new. The government and big business has land to sell when they want to. Finally Canada is the second largest country and our population is very low.
The coming decade will be different, all markets will change.
August 22nd, 2008 at 4:26 pm
Krissh/Satv/Browntown/informer/nutslap is all the same retarded troll who posts ridiculous comments here that don’t make any sense.
August 22nd, 2008 at 4:21 pm
who’s krissh?
August 22nd, 2008 at 4:12 pm
yeah inflation for stuff other than income.
Flat income + consumer price inflation = RE price deflation.
Don’t forget that folks.
August 22nd, 2008 at 3:43 pm
p.s. Drachen realtors pay monthly fees that include Error and Ommisions insurance.
August 22nd, 2008 at 3:42 pm
“These arrogant, stupid wanna be investors who bought at TV Towers thinking they’d make money are the stupidest form of humans on earth” – Bob Rennie
Arit, don’t let the idiot make fun of you for being smarter than him, he’s just mad that he believed the salesman and spent all his money on a unit at TV Topwers that’s already worth $20,000 less than he paid and will clearly drop at least $2,000 every month for decades.
Hey Krissh, did you see they can make land? You really should invest in a brain or just go away
August 22nd, 2008 at 3:23 pm
hey arit, you need longer arms and shorter pockets cheapo! suprised you shelled out for internet access! ha ha you’r missing a penny! ha ha
August 22nd, 2008 at 3:06 pm
“maybe realtors are still eligible for professional malpractice liability coverage in such cases?”
If they are I am sure they all carry Errors and Omissions insurance.
August 22nd, 2008 at 2:46 pm
Super quick calculation for abovementioned 80k construction worker:
80K
After taxes
60K
Per month
5k
Truck payment ~500
4.5k
Mortgage for 600,000 condo ~2500
2.0 k
Marijuana ~300
1.7k
communications (cell,TV, cable, etc) ~300
1.4k
Food, alcohol, fun and restaurants ~800
0.6k
gas for truck ~400
0.2k
Insurance for truck ~200
0.0k
Matches for marijuana ~0.05
Negative monthly expenses…
No money for toilett paper.
Regards
arit
August 22nd, 2008 at 2:45 pm
I only make 50k and I own over 20 condos and many SUVs and boats. It’s all about credit cards.
August 22nd, 2008 at 2:39 pm
I am now even more confused…
I hear sentences like
“making $60-80k”
and
“condo mortgage and big, shiny truck payments”
Is 60-80 considered a high salary?
I don’t know…. I make a bit more than that, the wife brings in some more (sorry modesty, anectodal value needed), and I drive a 1992 car, and rent our place. We cook all our food from scratch.
I don’t see how 60-80 covers new truck + house + marijuana. And my Excel sheet has all my expenses and incomes down to the penny.
I have a slight suspicion that the abovementioned construction worker doesn’t have his Excel sheet up to date…
Living IS expensive.
Best regards
arit
August 22nd, 2008 at 2:26 pm
“he wonders how they’re going to function when they no longer can support their habit.”
He’s worrying about what happens later? Let’s all hope workmanship and the ability to wield a nail gun don’t require sobriety.
August 22nd, 2008 at 1:38 pm
I think detox is going to be the next big boom – think of all those drugged up out of work construction guys who won’t be able to afford their daily fix
A friend of mine in construction is worried about exactly this. He says there are many functioning addicts out there because they’re making $60-80k, and he wonders how they’re going to function when they no longer can support their habit.
August 22nd, 2008 at 1:35 pm
“Inflation is wiping out wage gains”
The wage pie remains the same size but consumer prices are increasing. Corporate revenues can slice the pie any way they want, it still isn’t getting any bigger.
August 22nd, 2008 at 1:33 pm
mk-kids
Are you suggesting that the Federal Government was going to send B.C. money for detox beds but instead diverted it towards the Olympics?
August 22nd, 2008 at 1:29 pm
I think detox is going to be the next big boom – think of all those drugged up out of work construction guys who won’t be able to afford their daily fix, let alone their shoebox condo mortgage and big, shiny truck payments. Given comments over the years by realtors in the media, most recently the “bulletproof” guy, clearly a number of agents have been smokin’ something too & clearly hanging out in dodgy company…
This is all going to end badly. Too bad we put all our social services funds for detox beds and treatment programs into Olympic infrastructure… perhaps we can convince the NIMBYs in Richmond to let us refurbish that speed skating oval after the games…
August 22nd, 2008 at 12:56 pm
Jesse, yeah inflation for stuff other than income. Inflation is wiping out wage gains:
http://www.canada.com/theprovi.....5ed2a88402
The Bank of Canada will be comforted that its core inflation rate, which excludes mortgage-interest costs and certain volatile energy and food prices, and which it monitors for underlying price trends, remained at 1.5 per cent.
However, Shenfeld said the low core inflation rate is of little comfort to most consumers.
“If you don’t drive, don’t have a mortgage payment, and don’t eat fresh produce, you’re in luck,” Shenfeld said. “But the typical Canadian has all of those costs.”
August 22nd, 2008 at 12:32 pm
Mold City:
Realtor is indeed a very risky profession. If you are a realtor and you are singing cock-&-bull stories about real estate going up-up-up to one of you clients who is a representative of a mafia boss that is not highly improbable in Vancouver. Finally they buy. Cash deal. Few months passed. Suddently the market goes down and it happens that cash is needed back. Oops. The realtor tries to offload the property(ies) – no luck. But the owner is expecting fat profit…
I leave it here for guessing and speculating what would be happening next…
… maybe realtors are still eligible for professional malpractice liability coverage in such cases?
August 22nd, 2008 at 12:10 pm
“no hire/no salary raise FREEZE”
This, in the face of 3.4% inflation? So confusing.
August 22nd, 2008 at 12:07 pm
http://www.canada.com/calgaryh.....de18ff4022
Calgary is starting to see it now….a 650 unit two tower downtown high rise was halted today. “Higher costs” is the story….but the bank has the file….hmmmm…..another hole in the ground I have to watch out for.
August 22nd, 2008 at 11:57 am
Also, when you’ve got big brokerage firms like Canaccord with a no hire/no salary raise FREEZE you’ve got to wonder where things are headed.
August 22nd, 2008 at 11:55 am
Regarding Drug Tests:
I used to bike through the Olympic Village construction site. Along the cement dividers (blocking off the bike route) it was not uncommon to ride through a cloud of pot smoke. You would see them sitting there, lighting up. Terrible!
August 22nd, 2008 at 11:42 am
Everything is great here in the best place on earth. I talked to a nail gun repairman yesterday and he said he’s got 5 condo assignments up for sale. Lots of interest in them from rich asians and albertans. He says business is good too. No slowdown in site for nail gun repairmen on the east side.
August 22nd, 2008 at 11:09 am
We should be doing something about our problems here at home
We could always go for the Chinese solution: mobile execution vans.
August 22nd, 2008 at 11:05 am
a mouse –
I don’t think you’re going to be the first (or last) to leave this sinking ship. With no other industry besides one imbecile flipping his crap condo to another (even stupider) imbecile – we’re screwed!
Will the last person out of BC please turn out the lights? (we’re a Green province, don’t ya know).
August 22nd, 2008 at 10:58 am
Partisan Spectator: “Many in Beijing were counting on a tourism bonanza, but it didn’t happen. In Vancouver it would be a totally different story, right?”
Of course it will be different, we have the WINTER Olypmics! Who doesn’t love the excitement of curling? Or the freezing rain at that time of year to show off the beauty of Vancouver?
August 22nd, 2008 at 10:56 am
What a gong show!!
Smoking trades people.
Shootings.
Layoffs.
WCB looking for ways to avoid paying claims.. duh.. testing AFTER accidents..lol, not before??
Vancouver is different..
Weakness in economy helps buyers..? really?
Gas prices drive up inflation.. Well, were they thinking it was going to get cheaper..?
Stretched mortgage payers: I think they were stretched when the tip of the pen on the paper with oh so fine print.
Yesterday I had a mature woman bitch about me parking my gas miser too close to her new fancy SUV at the 7-11 store..
gee..i wonder if she was a real estate agent.
Maybe it will be safer if I leave BC for a while, let em slug it out between them.
August 22nd, 2008 at 10:06 am
In addition to Radical laying off workers, Riptown (or Fiver Media) has also made redundant 100+ workers. I also hear that Business Objects will soon be packaging off most of the downtown Vancouver operations, except for Sales and IT Operations. Going to be a lot of stretched mortgage payers soon!
August 22nd, 2008 at 10:04 am
Construction workers to be drug tested after accidents.. You mean they aren’t already? WTF? Anyone whose walked by a construction site knows cigarettes aren’t the only thing being smoked.
August 22nd, 2008 at 9:56 am
From Blueskies link:
Gordon’s slaying comes just a month after another UN realtor, Elliott (Taco) Castaneda, was shot to death in Guadalajara, Mexico
Geezus! Who knew realtor was such a risky profession.
Do the police confiscate houses purchases with ‘the proceeds of crime’?
August 22nd, 2008 at 9:42 am
Many in Beijing were counting on a tourism bonanza
Mostly they seem to be getting bad press for air pollution, faking documents and arresting old ladies who apply for permission to protest eviction from their homes. We should be doing something about our problems here at home – the ‘highest property crime rate in North America’ and the ‘HIV infection rate as bad as Botswana’ is bound to get us some negative press.
August 22nd, 2008 at 9:36 am
re: realtor story
http://tinyurl.com/chilliwhack
A Chilliwack realtor gunned down in his car late Wednesday was closely associated with the notorious United Nations criminal organization,
August 22nd, 2008 at 8:47 am
Partisan Spectator, I’m just waiting for statistics on the tourism industry for the past year. I don’t think they’d be very healthy given the price of fuel and inflation.
August 22nd, 2008 at 8:31 am
Many in Beijing were counting on a tourism bonanza, but it didn’t happen. In Vancouver it would be a totally different story, right?
http://www.latimes.com/busines.....1747.story
August 22nd, 2008 at 8:17 am
From my experience, speaking with residential real estate developers, lenders and speculators, it is now widely accepted the market is in a downward cycle. I guess that’s not a revelation given that even Helmut is now calling for a 10% decline. So, the question becomes how much will the market drop? Obviously now one knows the answer for sure but if I was a betting man I would say at least 30% over the next two years.
August 22nd, 2008 at 12:38 am
Radical Entertainment just laid off half their staff – over 100 people:
http://www.canada.com/vancouve.....fe733f8f3f
There is no shortage of jobs at other game companies though; most of these guys should find another local job fairly easily.
August 22nd, 2008 at 12:11 am
Have any companies started laying people off yet? I heard a game company in Vancouver chopped a significant portion of their workforce.
August 21st, 2008 at 10:23 pm
“SOLD” to the “highest” bidder. BC Bud the “highest” THC content in the world. OOPS,new I should not have smoked that with realtor John Dough. Dang, on the hook for 40 years, shoulda waited until after October 15!