72 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
Thank God For Realto
Thank God For Realto
11 years ago

Rob Chipman { 11.27.08 at 3:15 pm }

Its not the lowball part that I find distasteful. Its the plan to grind on price predicated on leading the sellers to believe you’ll do something different. Sort of a bait and switch approach. Bad karma.

Rob Chipman { 11.27.08 at 12:39 pm }

“can you say “stink bid”?”

Can you say unethical? Quick show of hands: who here would like to conduct business the way Garth suggests? Would you own up to it afterwards?

islander
islander
11 years ago

I'm with you, NO-LYMPICS, on the tax thing. If we sit back and meekly accept that whatever government wishes to rob from us, it's our DUTY, then we get the onerous taxation we deserve. I did not ask government to transfer my tax money to their corporate pals. I did not ask government to socialize health care. I did not ask government to get into the education business. I did not ask government to wholesale liquor or become the only legalize casino operator. etc. And if anybody's fingers are hovering over the "well why don't you just move somewhere else," keys, save it for your Grade 3 debating class. P.S. to patriotz: Just because I was baptized into a particular cult before I was able to express a choice doesn't mean a book assembled from manuscripts written a couple thousand… Read more »

islander
islander
11 years ago

I'm wit you, NO-LYMPICS, on the tax thing. If we sit back and meekly accept that whatever government wishes to rob from us, it's our DUTY, then we get the onerous taxation we deserve.

I did not ask government to transfer my tax money to their corporate pals. I did not ask government to socialize health care. I did not ask government to get into the education business. I did not ask government to wholesale liquor or become the only legalize casino operator. etc.

And if anybody's fingers are hovering over the "well why don't you just move somewhere else," keys, save it for your Grade 3 debating class.

bcubbins
bcubbins
11 years ago

http://www.canada.com/vancouversun/news/business/

Bank chiefs urge Ottawa to boost economy

Canadians struggling to make payments on borrowed money

Eoin Callan, Canwest News Service

Published: Wednesday, November 26, 2008

Figures from [BMO's] own books showed bad loans had already exceeded the peak reached in 2001 after the dot-com crash and were on the way to hitting levels not seen since the last recession almost two decades ago.

BMO said the amount of loans that had become impaired had jumped to $2.4 billion this year from $720 million last year

Brittanny Originals
Brittanny Originals
11 years ago

Deflation has not run it's full course yet,but when will inflation rear it's ugly head with the trillions of all world currencies being printed today?

Burden of Proof
Burden of Proof
11 years ago

"reporters that should know better"

Why should they? They are poorly paid quote assemblers working for an advertising vehicle. The people who bought overpriced condos should know better.

There is no victimization here. Buyers have themselves to blame.

reformbagman
reformbagman
11 years ago

Rennie isn't so bad. I have been a neighbour for over ten years and he never gave me the "hard sell" or for that matter any sell. Besides, he's got a pretty good sense of humour. Last Sunday morning at the "Starbucks gabfast" who rolls in but "Bob", brown as a nut. So I asked him"Where you been hiding, Hawaii?" He laughed and said "Yeah,Who would want to be around here in this market anyway?"

bdk
bdk
11 years ago

If Shangri La is renting for $1600…..

$1600 / 1br – Shangri La (Thurlow & Alberni)

Reply to: hous-934609982@craigslist.org [?]

Date: 2008-11-25, 9:09PM PST

Anonymous
Anonymous
11 years ago
Patiently Waiting
Patiently Waiting
11 years ago

"barely fit a couple with no kids"

Yeah, barely. My wife and I have been together happily for 15 years but we still need our personal space. We'd lose our minds in a 700 sq ft. apartment, so just forget about 450 sq ft.

How do people do it? Are they out all the time (spending their equity)?

Aleks
Aleks
11 years ago

The problem with the excess supply provided by real estate bubbles is that it's a misallocation of resources. Instead of more of the housing people actually want, we've got tons of poorly constructed shoebox condos that would barely fit a couple with no kids. And 10 years from now there will be something akin to the leaky condo fiasco.

Excess supply will drive prices down, but I would not want to live in a leaky condo if it was offered to me for free.

jesse
jesse
11 years ago

Bob was not much more than a crack dealer. You can revile him all you want but he fulfills a need to a willing audience. Agree with dingus that the quality of reporting from the local print media is horrid. TV and radio are little better, from reporters that should know better.

Keeping an Eye on Th
Keeping an Eye on Th
11 years ago

Bob Rennie should not be reviled, but praised for the excess supply real estate bubbles leave behind.

Thanks Bob, but most of all thanks to the greedy specuvestors who ultimately get what greed deserves.

dingus
dingus
11 years ago

I was about to say what condohype just said. Rennie's a bajillion times more successful at his job than I'll ever be at mine. I have no beef with what he does. I'd have him adopt me, if it were legally permissible.

I do however have a beef with copy-desperate journamalists that consider him to be a dispassionate and disinterested voice on the real estate market, or who are too lazy to bother thinking about that conflict or asking somebody more appropriate. Ask a salesman about the market for his product, and whaddya gonna get?

Now Muir and Pastrick, those will be the fun ones. Muir because his job is to spin, and Pastrick because he's an economist that seems to change his view of the "fundamentals" with the weather. Accountablility, please! Call 'em on the BS.

Chincy
Chincy
11 years ago

#54 and #56 that MLS number doesnt work

bdk
bdk
11 years ago

Here's a look at what we have to look forward to in the Vancouver Housing Market:

http://www.nytimes.com/2008/11/26/business/econom

Yes Real ESTATE HAS GONE DOWN AND WILL GO DOWN FOR DECADES TO COME

YLTNBoomerang
YLTNBoomerang
11 years ago

Just listed yesterday, below purchase price:

v744822

Bought for 615,000 July 31 2007, listed for 599,000

condohype
11 years ago

I for one have no problem with Bob Rennie. He is a real estate marketer. When the news media consult him for opinion, he gives his opinion as a real estate marketer. That the media consult him often speaks to how well he's positioned himself in the market. There are other big names in the Vancouver condo marketing scene — George Wong is one example — but they have not been as successful as Rennie in establishing themselves with the media. Rennie understands that his image is at the core of his business.

YLTNBoomerang
YLTNBoomerang
11 years ago

Listed at a loss:

v744822 listed yesterday at 599,000 where it was last purchased on July 31 2007 for 615,000. Makes me happy 😉

NO -LYMPICS
NO -LYMPICS
11 years ago

So …..you are THEN implying Caesar can go shove his coin up his/her ass ? The Biblical inference is with respect to taxes… is it not ?, we no longer defer to Kings , Queens, Emperors,etc. as that has morphed into Gov't.( and in our case a "supposedly" democratic one ). Gov'ts at all levels demand taxes, and empowered and mandated to do so within that given democracy but NOT in a mafia -like extortion , but these taxes are levied in order to provide services. By social contract I am implying the several social services Gov'ts traditionally supply and we, their citizens, expect them to supply the citizens via past practice. My point is if these Gov'ts do become Caesars and abuse their powers like "Rome of old" and piss much of that coin into pet projects and other… Read more »

Re-diculous
Re-diculous
11 years ago

OT, but here's the latest on the U.S. Case-Shiller index as played on BNN this morning

http://watch.bnn.ca/market-morning/november-2008/

Burden of Proof
Burden of Proof
11 years ago

Regarding the public RE salesmen and economists, bear in mind that every statement made on TV is a sales pitch for something. Why else would anyone give their time for free to speak on TV? They are trying to sell something, either a product or their own stature.

The problem is with the fools who look to the MSM for the truth about the world. Guests on the news shows and radio shows are all trying to sell something. They are not engaged in a search for truth. All you find on the MSM is a sales pitch.

That is why so many people turn to blogs. Blogs are engaged in a search for the truth. Blogs are a forum where sales pitches are readily identified and discredited. That is why the bulls find the blogs so frustrating.

patriotz
patriotz
11 years ago

In essence we have a contractual agreement with Caeasr, ie Gov’t

No we don't. Under constitutional democracy the people are sovereign (de facto in a constitutional monarchy such as Canada). Governance is not an exchange of contractual obligations, it is an expression of popular sovereignty.

The social contract in a democracy is not between the people and government, but between labour and capital, which do have a contractual relationship.

Anonymous
Anonymous
11 years ago

If Jesus told his followers not to object to paying taxes to a foreign emperor, just what grounds do his followers today have to object to paying taxes to a democratically elected government?

Now you're onto something patriotz. You're absolutely right. There is no grounds or excuse to withhold paying what's due to government. Objecting and withholding are two different things.

To imply that because one wears a label of faith, they are precluded from thinking for themselves, is weird. In the case of the economy and RE, it's akin to saying that a Christian needs to go out and purchase an outrageously overpriced piece of RE because the govt. (Stephen Harper)says everything is peachy.

NO -LYMPICS
NO -LYMPICS
11 years ago

Render unto Caesar ? Intersting discussion in link below. http://en.wikipedia.org/wiki/Render_unto_Caesar... As per ususal, many interpretations. One of them is a societal contract with Caesar…ie do they owe Caesar if he is effectivly their choice of "god", and if so, obey your choice of god or else exposed as a hypocrite. In essence we have a contractual agreement with Caeasr, ie Gov't . We pay taxes so that services are provided, and there is a list of what these are..ie education, health care , roads, sewers, etc etc. etc. However, if and when that social contract is broken by Caesar, are we ACTUALLY obligated to pay Caesar? … or does Caesar become more like Nero as a decadent dictator who simply abuses their formal position as a servant ( NOT master ) of the public, and then dares anyone to challenge… Read more »