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Underwear models do NOT drink beer and smoke weed.

Beer has too many calories and weed makes their eyes all red.

Underwear models drink clear premium liquor and do pills and powder excessively.

I can’t be the only one around here who has dated an underwear model…. can I?

As Captain Jack said “I really have to write my autobiography, and if you’re lucky I’ll illustrate it.”

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Is that your final call before you loose your job?

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He’s suggesting that 5% down equals around $350k and he wants his interest back.
Regardless who’d have thought paying over $450/sq ft to live at Brentwood Mall is a good idea?

Anyone want to pay $3000 a month for a rental worth $1600?
Buy now or someone else might!

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1. Current market rent fixed for 25 years
2. 0% down
3. 100% vendor financed
4. Strata fee to be included rent
5. No GST
6. No credit check

* My risk: Real estate values are likely to drop by 40%+.
* Vendors risk: I may walk away.

This is my final and only offer!

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*Builders are not like home owners interest rates that apply to home owners are different than builder,Builders interest rates are very similar to credit card so $100,000 or $200,000 bonus is still a profitable for Hanley type of builder as he is being rat on bloomberg let him scream for exit but home owners no need to scream as rents are higher and interest rates are low http://cuer.sauder.ubc.ca/cma/.....erates.pdf

“For Hanley, that’s meant nary a buyer for his five-bedroom home.”

*Scream Hanley Scream greedy builders you should have measure the size of population and supply of other projects.

“At the same time investors stop buying. Prices are set by the few participants willing to buy. NOT the sellers.”

*Patriotz,There is a technical error in what you saying i mean to say you are not different than what paul is saying,when satisfaction for sellers does not meet than buyers reconsider the merging sense so you and him are moving around each other.

“Your continuing suggestive rhetoric tires me. It serves no purpose other than to taint my reputation. Will, be clear in noting that I am strongly recommending to you that you cease your disparaging personal attacks.”

*Larry you deserve some rants for poping out too early WILL’s point is if you know the insight you should wait atleast a month to report something however What makes you to pop out to report 10 days while real estate count month over month and year over year?Are you trying to scare the sellers or telling the buyers not to jump in?Check your age and your attempt does not match with your outcome.

*Other side Paul has a good point and i know where he is coming from now he know one thing for sure that is one and the only true fact that VANCOUVER REAL ESTATE NEVER GO DOWN

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http://vancouver.en.craigslist.....26161.html

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Isn’t it simple ? It is always an equilibrium between a motivated seller and a motivated buyer.

If , at the extreme end of the spectrum , people are placed in a situation they can no longer own their asset, and have to sell ASAP, they become a motivated seller.

However, if there is no motivated buyer,….then what ?

Reminds me of an old joke:

2 old men , Joe and Bob, were discussing business.
Joe said he had an elephant to sell Bob for $100 .

Bob then said, ” What can I do with an elephant? I would have to feed it, clean up after it, provide shelter, Vet bills, oy vey !!!! I have absolutely N-O use for an elephant ”

Then Joe said ” Ok Ok … tell you what…. $50 and I will throw in a camel”.

Bob said ” OK….You gotta deal !!! “

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If you wanted to sell tomorrow, I’d say price the house for 150x what its monthly rent would be; so a townhouse that would rent for $2000/month should be priced at about $300k. Alternately, follow mohican’s “fair price equation”, which you can find by digging around at the Langley Financial Planning blog. So basically, price it at a point at which it makes financial sense to buy it.

That price should attract buyers, who may then bid it up amongst themselves. This would also have the effect of giving you a data point on what the local market currently thinks the “ownership premium” is for real estate.

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This guys thinks $3.29 million is “giving the place away”?! What a tool!

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Excellent point. Also, it is amortized for 25-35 years, assuming the bank allows it in the mortgage. Typically, car loans are 3-5 years and can be had a very low rates right now, if you have good credit.

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You would probably have to list at $0 and take the highest bid received by the end of the day. I’m pretty certain this would result in a sale. Just tell your friend not to worry they can always rent the place out, after all according to Petard Ladner “we have like what a 0.001% vacancy rate in Vancouver?”.

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http://www.bloomberg.com/apps/.....refer=home

See, Vancouver is famous.

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The arrogance astounds me. A perfect example of someone who will chase the market all the way down.

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Do it now, or do it later!!!

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Well, any construction worker on that site should consider themselves lucky. Unlike others who have had the rug pulled out from under them with all the other projects stalled or outright cancelled, , this Millenium group of workers has literally guaranteed work for almost a year ( Millenium is scheduled to be completed by Sept. 30 , 2009 ). Like Montreal’s 1976 Olympics … my guess is the Millenium will be a gravy train till then with lots of O/T based on nervous Gov’ts desperate to save face.

Maybe the Millenium contractors should bring in financial advisors etc. for the site’s workers so they can better face reality, given everyone else being impacted by the global financial meltdown will have had over a year head start adjusting to these new realities.

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“METRO VANCOUVER – West Vancouver builder Sean Hanley thought Canada’s real estate market would be immune to the housing recession that sent values tumbling in the U.S. Then the economy slowed and oil prices fell….

“It’s been a little bit surprising the consequences of the subprime crisis have been so far-reaching,” said Hanley, 48, who has cut his asking price to $3.99 million and is now offering a $100,000 bonus, on top of regular fees, to the agent who delivers a buyer, according to a Bloomberg News story.”

*********

How does one become a successful (so far) developer and builder and yet be so obviously retarded?

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The detached benchmark home in the REBGV dropped $30K in October. At that rate, if you owned a comparable home to a detached benchmark home, you would be losing approximately $1000 per day.

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the average bear is looking for info…
a snapshot from the trenches is spot on

no spin no digression… just the facts

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