Comments on: Friday Free-for-all! http://vancouvercondo.info/2008/09/friday-free-for-all-36.html?utm_source=rss&utm_medium=rss&utm_campaign=friday-free-for-all-36 Bubble? What Bubble? Thu, 24 May 2012 09:33:26 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: The Pope http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25928 The Pope Mon, 08 Sep 2008 23:25:19 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25928 Bearette & Arit, I will certainly host a bear bible here. I'm working on a portal page which would be a good start but unfortunately there's this think called 'work' thats keeping me from getting that done. A wiki is one option, its just a question of whether it would be usefull and used. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-25928">0</span> <small>(to vote for this comment, please visit the site)</small></p> Bearette & Arit, I will certainly host a bear bible here. I'm working on a portal page which would be a good start but unfortunately there's this think called 'work' thats keeping me from getting that done. A wiki is one option, its just a question of whether it would be usefull and used.

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]]> By: bearette http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25918 bearette Mon, 08 Sep 2008 18:25:23 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25918 Nice move arit. Great idea. I will go and procure myself a google account to log in. Would Van Condo like to host such a Bear Bible? What say you VC? <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-25918">0</span> <small>(to vote for this comment, please visit the site)</small></p> Nice move arit. Great idea. I will go and procure myself a google account to log in. Would Van Condo like to host such a Bear Bible? What say you VC?

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]]> By: Anonymous http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25883 Anonymous Mon, 08 Sep 2008 07:58:21 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25883 #224, You can't rent your investment and you can not borrow risk to invest in stock market but in real estate you can buy millions of dollar mortgage because some or whole part of borrowed money justify by number of people living in side,sorry your girl gone wild but as a owner she is smart buyer it could be possible that you were trying to convince her to invest in stock market. #224 if you find another girl make sure you don't repeat your mistake. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-25883">0</span> <small>(to vote for this comment, please visit the site)</small></p> #224,

You can't rent your investment and you can not borrow risk to invest in stock market but in real estate you can buy millions of dollar mortgage because some or whole part of borrowed money justify by number of people living in side,sorry your girl gone wild but as a owner she is smart buyer it could be possible that you were trying to convince her to invest in stock market.

#224 if you find another girl make sure you don't repeat your mistake.

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]]> By: house mouse http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25872 house mouse Sun, 07 Sep 2008 23:11:08 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25872 Those bob cats better not move into my house. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-25872">0</span> <small>(to vote for this comment, please visit the site)</small></p> Those bob cats better not move into my house.

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]]> By: Stock Message Board http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25869 Stock Message Board Sun, 07 Sep 2008 22:56:55 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25869 This blog is EXACTLY like a stock message board. There are pumpers, and there are bashers, but the most logical post i've read was the one that talked about P/E ratios of real estate. Which should be the ONLY way you talk about RE if it's an investment. If you can't rent your place out for at least what the mortgage is worth, then you are buying completely based on speculation and not real value. Warren Buffet never invested in something he didn't understand, and I don't understand the value of a property if you can't rent it out for MORE than what the mortgage is worth! I am sooooo glad my ex bought a place with her fiance last year three months after we broke up. She's LONG on the housing market, but the last 4 years have been strictly a momentum play. Fundamentals are returning to properly valuate homes! Ha ha! Her life savings are probably wiped out already in the depreciation of the value of the house. People say they don't play in the stock market. Buy a house and that is exactly what you are doing. It's a low risk stock, but you are essentially buying on margin. Stop talking about buys or sells, it's more bid and ask these days. Values of real estate, charted will look like what happened to Etrade in December 2006 (look up the chart) Buy it with every last bit of monthly income you have and you'd better pray that it just goes up and up and up. Me, my net worth has increased 40k since she left me. God bless God! He works in mysterious ways. I'm starting to understand. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-25869">0</span> <small>(to vote for this comment, please visit the site)</small></p> This blog is EXACTLY like a stock message board. There are pumpers, and there are bashers, but the most logical post i've read was the one that talked about P/E ratios of real estate. Which should be the ONLY way you talk about RE if it's an investment.

If you can't rent your place out for at least what the mortgage is worth, then you are buying completely based on speculation and not real value. Warren Buffet never invested in something he didn't understand, and I don't understand the value of a property if you can't rent it out for MORE than what the mortgage is worth!

I am sooooo glad my ex bought a place with her fiance last year three months after we broke up. She's LONG on the housing market, but the last 4 years have been strictly a momentum play. Fundamentals are returning to properly valuate homes! Ha ha!

Her life savings are probably wiped out already in the depreciation of the value of the house.

People say they don't play in the stock market. Buy a house and that is exactly what you are doing. It's a low risk stock, but you are essentially buying on margin. Stop talking about buys or sells, it's more bid and ask these days. Values of real estate, charted will look like what happened to Etrade in December 2006 (look up the chart)

Buy it with every last bit of monthly income you have and you'd better pray that it just goes up and up and up.

Me, my net worth has increased 40k since she left me.

God bless God! He works in mysterious ways. I'm starting to understand.

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]]> By: TraderPaul http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25857 TraderPaul Sun, 07 Sep 2008 20:48:21 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25857 A few posters talked about cost of construction affecting real estate prices in the coming years. I believe, and someone please correct me if I'm wrong, that right now it costs around $120-$150 per square foot to build a condo with above-average finishing in Vancouver (this doesn't include cost of land.) This weekend I saw some ads for condo projects in Langley and Abbotsford advertising 1br units for around $150k. I think these projects more accurately reflect the cost to build. This may be the direction the market is headed in for few years, i.e. developers start marketing more affordable condos that even the "average working joe" can afford. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-25857">0</span> <small>(to vote for this comment, please visit the site)</small></p> A few posters talked about cost of construction affecting real estate prices in the coming years. I believe, and someone please correct me if I'm wrong, that right now it costs around $120-$150 per square foot to build a condo with above-average finishing in Vancouver (this doesn't include cost of land.) This weekend I saw some ads for condo projects in Langley and Abbotsford advertising 1br units for around $150k. I think these projects more accurately reflect the cost to build. This may be the direction the market is headed in for few years, i.e. developers start marketing more affordable condos that even the "average working joe" can afford.

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]]> By: JR http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25855 JR Sun, 07 Sep 2008 18:49:21 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25855 I don't expect an interview on the Bill Good show however were I ever to be invited as a high-priced expert, I would say that sales are falling off a cliff because prices are too freaking high, and sales will continue to fall off a cliff until prices are freaking reasonable. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-25855">0</span> <small>(to vote for this comment, please visit the site)</small></p> I don't expect an interview on the Bill Good show however were I ever to be invited as a high-priced expert, I would say that sales are falling off a cliff because prices are too freaking high, and sales will continue to fall off a cliff until prices are freaking reasonable.

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]]> By: Nothing has changed, http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25853 Nothing has changed, Sun, 07 Sep 2008 18:10:09 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25853 >>>>>>>>>>>>>>>>>>>>>>> Problem: >>>>>>>>>>>>>>>>>>>>> Sales have fallen off the cliff: Let’s do a diagnostic: Interest rates: Real rates are still at record lows, possibly below zero Can’t be interest rates-check Unemployment: Some good paying jobs are disappearing, but still unemployment is low Can’t be unemployment-check Best place on earth: I still hear this, nothing changed there-check Land scarcity: Well you know what they say: “ Vancouver is hemmed by mountains , ocean, and the USA” no change there-check The Olympics: There coming in 2010, no change there-check Grow ops No change-check Rich Jet set all want to live here I still hear this, no change-check Oh well I can’t figure it out, perhaps a highly trained professional on the Bill Good Show might be able to explain it. <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-25853">0</span> <small>(to vote for this comment, please visit the site)</small></p> >>>>>>>>>>>>>>>>>>>>>>> Problem: >>>>>>>>>>>>>>>>>>>>>

Sales have fallen off the cliff:

Let’s do a diagnostic:

Interest rates:

Real rates are still at record lows, possibly below zero

Can’t be interest rates-check

Unemployment:

Some good paying jobs are disappearing, but still unemployment is low

Can’t be unemployment-check

Best place on earth:

I still hear this, nothing changed there-check

Land scarcity:

Well you know what they say: “ Vancouver is hemmed by mountains , ocean, and the USA”

no change there-check

The Olympics:

There coming in 2010, no change there-check

Grow ops

No change-check

Rich Jet set all want to live here

I still hear this, no change-check

Oh well I can’t figure it out, perhaps a highly trained professional on the Bill Good Show might be able to explain it.

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]]> By: arit http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25852 arit Sun, 07 Sep 2008 17:55:48 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25852 BEARETTE BEARETTE BEARETTE Hey, I am a taker! Your idea is right-on. We have already started to scatter info here and there. We talked building materials and insulation, leaks, condos. But we did not save the information anywhere. Bearette, Please see if you can open this link <a href="http://docs.google.com/Doc?id=dkz3q3b_20dk779w9h" rel="nofollow">http://docs.google.com/Doc?id=dkz3q3b_20dk779w9h</a> If it works for you, and you approve of it, we could all store our information there, in the "Vancouver Bear Bible 2008". That way we can have a central knowledgebase to benefit from. care to try it out? Let me know if you cannot access it. Thanks in advance, arit <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-25852">0</span> <small>(to vote for this comment, please visit the site)</small></p> BEARETTE BEARETTE BEARETTE

Hey, I am a taker! Your idea is right-on. We have already started to scatter info here and there. We talked building materials and insulation, leaks, condos. But we did not save the information anywhere.

Bearette,

Please see if you can open this link

http://docs.google.com/Doc?id=dkz3q3b_20dk779w9h

If it works for you, and you approve of it, we could all store our information there, in the

"Vancouver Bear Bible 2008". That way we can have a central knowledgebase to benefit from.

care to try it out?

Let me know if you cannot access it.

Thanks in advance,

arit

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]]> By: alexcanuck http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25849 alexcanuck Sun, 07 Sep 2008 17:19:59 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-36.html#comment-25849 Thanks Strataman! So one can remove the superfluous kitchen and just leave the hookups buried in the wall? (Properly finished and blocked, of course!) Are interior walls ever removed completely to give one big room? Two single bedroom units to become one double size living room with kitchen expanded and two "stock" bedrooms. One would need the correct mirror image units to begin with, natch. Any known published or online resource for this idea? <p class="top-comments">Current score: <span class="top-comments-karma" id="karma-25849">0</span> <small>(to vote for this comment, please visit the site)</small></p> Thanks Strataman! So one can remove the superfluous kitchen and just leave the hookups buried in the wall? (Properly finished and blocked, of course!) Are interior walls ever removed completely to give one big room? Two single bedroom units to become one double size living room with kitchen expanded and two "stock" bedrooms. One would need the correct mirror image units to begin with, natch. Any known published or online resource for this idea?

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