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	<title>Comments on: Vancouver House Prices down 9.8% from peak</title>
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	<description>Bubble? What Bubble?</description>
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		<title>By: john</title>
		<link>http://vancouvercondo.info/2008/11/vancouver-house-prices-down-98-from-peak.html#comment-33870</link>
		<dc:creator>john</dc:creator>
		<pubDate>Thu, 27 Nov 2008 15:56:17 +0000</pubDate>
		<guid isPermaLink="false">http://vancouvercondo.info/?p=706#comment-33870</guid>
		<description>I cannot believe that the property prices have ever reached the extortionate levels that they have over the past few years. Vancouver realtors and their customers have been nothing short of greedy, by increasing property values far too high for the geographical and economic area in which it stands. Just across the border in the USA you can buy property for a much more realistic price. 
 
I don&#039;t know what Vancouver thinks it is ?? Its certainly not a world player like London, Paris, LA, New York, Milan etc. Its not a major financial or business centre. Everyone keeps going on about it being the &quot;Best place to live in the world&quot; Yes the countryside is beautiful and the city has some breathtaking vistas, but its ugly side is the homeless and drug problem here. I think that the Canadian government should be disgusted with themselves. They want to stage the Winter Olympics, and open their doors to the world, but I feel that they need to look in their own backyard first. &lt;p class=&quot;top-comments&quot;&gt;Current score: &lt;span class=&quot;top-comments-karma&quot; id=&quot;karma-33870&quot;&gt;0&lt;/span&gt; &lt;small&gt;(to vote for this comment, please visit the site)&lt;/small&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>I cannot believe that the property prices have ever reached the extortionate levels that they have over the past few years. Vancouver realtors and their customers have been nothing short of greedy, by increasing property values far too high for the geographical and economic area in which it stands. Just across the border in the USA you can buy property for a much more realistic price.</p>
<p>I don&#039;t know what Vancouver thinks it is ?? Its certainly not a world player like London, Paris, LA, New York, Milan etc. Its not a major financial or business centre. Everyone keeps going on about it being the &quot;Best place to live in the world&quot; Yes the countryside is beautiful and the city has some breathtaking vistas, but its ugly side is the homeless and drug problem here. I think that the Canadian government should be disgusted with themselves. They want to stage the Winter Olympics, and open their doors to the world, but I feel that they need to look in their own backyard first.
<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-33870">0</span> <small>(to vote for this comment, please visit the site)</small></p>
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		<title>By: Britishobserver</title>
		<link>http://vancouvercondo.info/2008/11/vancouver-house-prices-down-98-from-peak.html#comment-32474</link>
		<dc:creator>Britishobserver</dc:creator>
		<pubDate>Sat, 15 Nov 2008 09:11:12 +0000</pubDate>
		<guid isPermaLink="false">http://vancouvercondo.info/?p=706#comment-32474</guid>
		<description>Anyone who thinks your property market is about to stop falling is bonkers. This has got to be one of the fastest falling markets anywhere in the developed world (OK maybe Florida is worse). People who see prices falling 4% a month, won&#039;t buy in, so sales will drop further and so will prices. Here in the UK we&#039;re having a terrible crash, but it&#039;s not as fast as yours. My interest is that I&#039;m moving to BC soon, so prices falling is great news for me...bring it on . &lt;p class=&quot;top-comments&quot;&gt;Current score: &lt;span class=&quot;top-comments-karma&quot; id=&quot;karma-32474&quot;&gt;1&lt;/span&gt; &lt;small&gt;(to vote for this comment, please visit the site)&lt;/small&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Anyone who thinks your property market is about to stop falling is bonkers. This has got to be one of the fastest falling markets anywhere in the developed world (OK maybe Florida is worse). People who see prices falling 4% a month, won&#039;t buy in, so sales will drop further and so will prices. Here in the UK we&#039;re having a terrible crash, but it&#039;s not as fast as yours. My interest is that I&#039;m moving to BC soon, so prices falling is great news for me&#8230;bring it on .
<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-32474">1</span> <small>(to vote for this comment, please visit the site)</small></p>
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		<title>By: Stand-by and watch</title>
		<link>http://vancouvercondo.info/2008/11/vancouver-house-prices-down-98-from-peak.html#comment-32063</link>
		<dc:creator>Stand-by and watch</dc:creator>
		<pubDate>Tue, 11 Nov 2008 16:56:20 +0000</pubDate>
		<guid isPermaLink="false">http://vancouvercondo.info/?p=706#comment-32063</guid>
		<description>&#8220;Dave Watt, the Greater Vancouver board&#8217;s president, said sales are not keeping pace with B.C.&#8217;s current economic conditions with low unemployment and stable interest rates.&#8221; 
I want to ask him, how good is BC&#039;s economic conditinos? Have much have average family income grown during the past 5 year? I would say a little bit growth, but not as much as the housing price have grown--housing price doubled during the 5 years ! How long would you espect high sales to be sustained with such a high house price? Be realistic ! &lt;p class=&quot;top-comments&quot;&gt;Current score: &lt;span class=&quot;top-comments-karma&quot; id=&quot;karma-32063&quot;&gt;0&lt;/span&gt; &lt;small&gt;(to vote for this comment, please visit the site)&lt;/small&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>&ldquo;Dave Watt, the Greater Vancouver board&rsquo;s president, said sales are not keeping pace with B.C.&rsquo;s current economic conditions with low unemployment and stable interest rates.&rdquo;</p>
<p>I want to ask him, how good is BC&#039;s economic conditinos? Have much have average family income grown during the past 5 year? I would say a little bit growth, but not as much as the housing price have grown&#8211;housing price doubled during the 5 years ! How long would you espect high sales to be sustained with such a high house price? Be realistic !
<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-32063">0</span> <small>(to vote for this comment, please visit the site)</small></p>
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		<title>By: arit</title>
		<link>http://vancouvercondo.info/2008/11/vancouver-house-prices-down-98-from-peak.html#comment-31327</link>
		<dc:creator>arit</dc:creator>
		<pubDate>Thu, 06 Nov 2008 11:38:00 +0000</pubDate>
		<guid isPermaLink="false">http://vancouvercondo.info/?p=706#comment-31327</guid>
		<description>Scullboy, 
 
 
Take it easy my friend. You thought IT is stressfull, and soon you will be in &quot;hell&#039;s&quot; kitchen all the time. 
 
Relax, it&#039;s better.  
 
Krish&#039;s comments are nothing more than colourfully lit pixels in your monitor. 
 
 
Best regards 
 
arit &lt;p class=&quot;top-comments&quot;&gt;Current score: &lt;span class=&quot;top-comments-karma&quot; id=&quot;karma-31327&quot;&gt;2&lt;/span&gt; &lt;small&gt;(to vote for this comment, please visit the site)&lt;/small&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Scullboy,</p>
<p>Take it easy my friend. You thought IT is stressfull, and soon you will be in &quot;hell&#039;s&quot; kitchen all the time.</p>
<p>Relax, it&#039;s better. </p>
<p>Krish&#039;s comments are nothing more than colourfully lit pixels in your monitor.</p>
<p>Best regards</p>
<p>arit
<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-31327">2</span> <small>(to vote for this comment, please visit the site)</small></p>
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		<title>By: scullboy</title>
		<link>http://vancouvercondo.info/2008/11/vancouver-house-prices-down-98-from-peak.html#comment-31320</link>
		<dc:creator>scullboy</dc:creator>
		<pubDate>Thu, 06 Nov 2008 11:18:36 +0000</pubDate>
		<guid isPermaLink="false">http://vancouvercondo.info/?p=706#comment-31320</guid>
		<description>I think someone needs to give kiirsh/browntown/Nobody another bot to the head, he seems to be particularly incomprehensible today. 
 
Hm, if we all stand in line to give him a kick, does that mean he&#039;s rebooted? :) 
 
Ok digging through your mangled English, I purchased a home in Toronto back in 2004. When I decided to leave for Vancouver, I sold it.  
 
The company I used to work for is quietly laying off as many people s they can, while not calling it &quot;layoffs&quot;.  
 
Brownstain, could you please just do us a favour, and f**k off? Your English is unreadable. your logic is incomprehensible.  
 
On the upside, if you really did purchase in Tranny Towers, we bears can at least take comfort in the face that you&#039;re losing money..... lots and lots of money. Enjoy your warehouse job buddy, you are paying off interest on a loan for a property that&#039;s losing value. It&#039;ll be years and years and YEARS before you break even... if ever. 
 
Ouch, that&#039;s gotta hurt! 
 
Meanwhile I&#039;m sitting all comfy on my couch, writing up a business plan, working on financing and eagerly looking forward to the culinary arts diploma I&#039;ll be getting and which I pay for by saving money, and by NOT JUMPING INTO AN IRRATIONAL MARKET! 
 
Just think SKidmark, if you&#039;d been smart you could have rented and carefully saved real money, then you could have gotten some sort of education which might have helped you get out of your stupid warehouse job. Instead you&#039;ll be trapped there forever, and your family will curse you and your stupidity as they struggle to make ends meet because YOU WEREN&#039;T SMART ENOUGH TO MAKE A RATIONAL DECISION. 
 
SPin all you like on this blog, jerk. YOu know it&#039;s true. &lt;p class=&quot;top-comments&quot;&gt;Current score: &lt;span class=&quot;top-comments-karma&quot; id=&quot;karma-31320&quot;&gt;3&lt;/span&gt; &lt;small&gt;(to vote for this comment, please visit the site)&lt;/small&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>I think someone needs to give kiirsh/browntown/Nobody another bot to the head, he seems to be particularly incomprehensible today.</p>
<p>Hm, if we all stand in line to give him a kick, does that mean he&#039;s rebooted? <img src='http://vancouvercondo.info/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>Ok digging through your mangled English, I purchased a home in Toronto back in 2004. When I decided to leave for Vancouver, I sold it. </p>
<p>The company I used to work for is quietly laying off as many people s they can, while not calling it &quot;layoffs&quot;. </p>
<p>Brownstain, could you please just do us a favour, and f**k off? Your English is unreadable. your logic is incomprehensible. </p>
<p>On the upside, if you really did purchase in Tranny Towers, we bears can at least take comfort in the face that you&#039;re losing money&#8230;.. lots and lots of money. Enjoy your warehouse job buddy, you are paying off interest on a loan for a property that&#039;s losing value. It&#039;ll be years and years and YEARS before you break even&#8230; if ever.</p>
<p>Ouch, that&#039;s gotta hurt!</p>
<p>Meanwhile I&#039;m sitting all comfy on my couch, writing up a business plan, working on financing and eagerly looking forward to the culinary arts diploma I&#039;ll be getting and which I pay for by saving money, and by NOT JUMPING INTO AN IRRATIONAL MARKET!</p>
<p>Just think SKidmark, if you&#039;d been smart you could have rented and carefully saved real money, then you could have gotten some sort of education which might have helped you get out of your stupid warehouse job. Instead you&#039;ll be trapped there forever, and your family will curse you and your stupidity as they struggle to make ends meet because YOU WEREN&#039;T SMART ENOUGH TO MAKE A RATIONAL DECISION.</p>
<p>SPin all you like on this blog, jerk. YOu know it&#039;s true.
<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-31320">3</span> <small>(to vote for this comment, please visit the site)</small></p>
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		<title>By: bdk</title>
		<link>http://vancouvercondo.info/2008/11/vancouver-house-prices-down-98-from-peak.html#comment-31315</link>
		<dc:creator>bdk</dc:creator>
		<pubDate>Thu, 06 Nov 2008 10:57:40 +0000</pubDate>
		<guid isPermaLink="false">http://vancouvercondo.info/?p=706#comment-31315</guid>
		<description>Seriously browntown where do you work? 
You are clearly stupid and semi literate at best and appear to have multiple personalities. 
 
Are you in one of those special programs where the grocery stores hire the adults with special needs? 
 
NOBODY would hire you!  
NOBODY! &lt;p class=&quot;top-comments&quot;&gt;Current score: &lt;span class=&quot;top-comments-karma&quot; id=&quot;karma-31315&quot;&gt;3&lt;/span&gt; &lt;small&gt;(to vote for this comment, please visit the site)&lt;/small&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Seriously browntown where do you work?</p>
<p>You are clearly stupid and semi literate at best and appear to have multiple personalities.</p>
<p>Are you in one of those special programs where the grocery stores hire the adults with special needs?</p>
<p>NOBODY would hire you! </p>
<p>NOBODY!
<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-31315">3</span> <small>(to vote for this comment, please visit the site)</small></p>
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		<title>By: NO -LYMPICS</title>
		<link>http://vancouvercondo.info/2008/11/vancouver-house-prices-down-98-from-peak.html#comment-31313</link>
		<dc:creator>NO -LYMPICS</dc:creator>
		<pubDate>Thu, 06 Nov 2008 10:50:12 +0000</pubDate>
		<guid isPermaLink="false">http://vancouvercondo.info/?p=706#comment-31313</guid>
		<description>Here&#039;s another good one involving (drum roll) &quot; MILLENIUM&quot; group  
  &lt;a href=&quot;http://www.canada.com/nanaimodailynews/election/story.html?id=622aba25-7719-4cfb-9ac4-dfcdc5ccb283&quot; rel=&quot;nofollow&quot;&gt;http://www.canada.com/nanaimodailynews/election/s...&lt;/a&gt;  
 
This story is re: the Nanaimo convention center, whereby the City of Nanaimo apparently sold $1.5 Million worth of City land to Millenium for $10 (TEN DOLLARS). 
 
 Millenium was to build a hotel on the site..but has missed several deadlines. The City had a referendum to borrow $30 million to build the Vancouver Island Conference Center, and the hotel component was deemed crucial to it&#039;s viability. The story also notes that U.S. media reports predict Millenium will run out of cash by early 2009. 
 
Seems like Millenium has quite a history of jumping into bed with Local Gov&#039;ts , or vise versa. Warrants investigation??? are we talking perhaps bribes and kickbacks ?  
 
One could almost see this coming given City of Vancouver&#039;s murky dealings on the Olympic village , one could almost smell  all the weaseling going on behind the scenes.  This one looks like it is now getting very ugly for Vancouver citizens . 
 
This is the danger re: Local Gov&#039;ts involved in such schemes. Campbell better re-write the Community Charter and prevent any Local Gov&#039;t from engaging in  such Public Private so called &quot; business &quot; ventures. Failed public -private ventures = massive tax hikes. &lt;p class=&quot;top-comments&quot;&gt;Current score: &lt;span class=&quot;top-comments-karma&quot; id=&quot;karma-31313&quot;&gt;0&lt;/span&gt; &lt;small&gt;(to vote for this comment, please visit the site)&lt;/small&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Here&#039;s another good one involving (drum roll) &quot; MILLENIUM&quot; group </p>
<p>  <a href="http://www.canada.com/nanaimodailynews/election/story.html?id=622aba25-7719-4cfb-9ac4-dfcdc5ccb283" rel="nofollow"></a><a href="http://www.canada.com/nanaimodailynews/election/s" rel="nofollow">http://www.canada.com/nanaimodailynews/election/s</a>&#8230;  </p>
<p>This story is re: the Nanaimo convention center, whereby the City of Nanaimo apparently sold $1.5 Million worth of City land to Millenium for $10 (TEN DOLLARS).</p>
<p> Millenium was to build a hotel on the site..but has missed several deadlines. The City had a referendum to borrow $30 million to build the Vancouver Island Conference Center, and the hotel component was deemed crucial to it&#039;s viability. The story also notes that U.S. media reports predict Millenium will run out of cash by early 2009.</p>
<p>Seems like Millenium has quite a history of jumping into bed with Local Gov&#039;ts , or vise versa. Warrants investigation??? are we talking perhaps bribes and kickbacks ? </p>
<p>One could almost see this coming given City of Vancouver&#039;s murky dealings on the Olympic village , one could almost smell  all the weaseling going on behind the scenes.  This one looks like it is now getting very ugly for Vancouver citizens .</p>
<p>This is the danger re: Local Gov&#039;ts involved in such schemes. Campbell better re-write the Community Charter and prevent any Local Gov&#039;t from engaging in  such Public Private so called &quot; business &quot; ventures. Failed public -private ventures = massive tax hikes.
<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-31313">0</span> <small>(to vote for this comment, please visit the site)</small></p>
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		<title>By: Motion Grrove</title>
		<link>http://vancouvercondo.info/2008/11/vancouver-house-prices-down-98-from-peak.html#comment-31311</link>
		<dc:creator>Motion Grrove</dc:creator>
		<pubDate>Thu, 06 Nov 2008 10:32:33 +0000</pubDate>
		<guid isPermaLink="false">http://vancouvercondo.info/?p=706#comment-31311</guid>
		<description>I am so glad prices are finally dropping. I have been waiting a long time to jump into the market to start investing again. &lt;p class=&quot;top-comments&quot;&gt;Current score: &lt;span class=&quot;top-comments-karma&quot; id=&quot;karma-31311&quot;&gt;0&lt;/span&gt; &lt;small&gt;(to vote for this comment, please visit the site)&lt;/small&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>I am so glad prices are finally dropping. I have been waiting a long time to jump into the market to start investing again.
<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-31311">0</span> <small>(to vote for this comment, please visit the site)</small></p>
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		<title>By: Nobody!!!!!</title>
		<link>http://vancouvercondo.info/2008/11/vancouver-house-prices-down-98-from-peak.html#comment-31310</link>
		<dc:creator>Nobody!!!!!</dc:creator>
		<pubDate>Thu, 06 Nov 2008 10:28:55 +0000</pubDate>
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		<description>&quot;&#8220;lucky&#8221;, but I sold my place in TO in 2006&#8230;&#8230;&quot; 
I think that was 2001 did you slip in greed aren&#039;t you suppose to throw coin on krrish2?well some stuff out of your lie as long you were home owner you had a job now current market situation is different so does your employement status. 
 
Bear case did not buy anything in past because prices were too high now they will never buy in fear of downturn,recession etc. 
 
Skin in the game:It may look weird that they are working for the company,does not own a bussiness like Trump but they will never lose anything,never lose any single penny from their Quadratic equations. 
 
I was just wondering what might have been burn your asshole so with in second i found this CBC COUPLE STORY might have offended you because you were the only drunken head idiot to shout on their purchase. 
 
Anyway with our countinue purchase JHON and I did not participate to stop the money flow to nail down some ones job then who is doing it? 
 
&lt;b&gt;Bears on the blogs are so un productive for the society they are using their official time to make our society un productive and lazy when their bosses monitor them for their performance they are being cought logged and losing their jobs for same reasons.&lt;/b&gt; &lt;p class=&quot;top-comments&quot;&gt;Current score: &lt;span class=&quot;top-comments-karma&quot; id=&quot;karma-31310&quot;&gt;-8&lt;/span&gt; &lt;small&gt;(to vote for this comment, please visit the site)&lt;/small&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>&quot;&ldquo;lucky&rdquo;, but I sold my place in TO in 2006&hellip;&hellip;&quot;</p>
<p>I think that was 2001 did you slip in greed aren&#039;t you suppose to throw coin on krrish2?well some stuff out of your lie as long you were home owner you had a job now current market situation is different so does your employement status.</p>
<p>Bear case did not buy anything in past because prices were too high now they will never buy in fear of downturn,recession etc.</p>
<p>Skin in the game:It may look weird that they are working for the company,does not own a bussiness like Trump but they will never lose anything,never lose any single penny from their Quadratic equations.</p>
<p>I was just wondering what might have been burn your asshole so with in second i found this CBC COUPLE STORY might have offended you because you were the only drunken head idiot to shout on their purchase.</p>
<p>Anyway with our countinue purchase JHON and I did not participate to stop the money flow to nail down some ones job then who is doing it?</p>
<p><b>Bears on the blogs are so un productive for the society they are using their official time to make our society un productive and lazy when their bosses monitor them for their performance they are being cought logged and losing their jobs for same reasons.</b>
<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-31310">-8</span> <small>(to vote for this comment, please visit the site)</small></p>
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		<title>By: patriotz</title>
		<link>http://vancouvercondo.info/2008/11/vancouver-house-prices-down-98-from-peak.html#comment-31295</link>
		<dc:creator>patriotz</dc:creator>
		<pubDate>Thu, 06 Nov 2008 08:42:43 +0000</pubDate>
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		<description>&lt;i&gt;The new financial obligations are on top of a $190-million loan guarantee the city had to give Fortress Investment Group, which has provided a $683-million loan to Millennium to build the 1,100-unit village.&lt;/i&gt; 
 
This exposure to the project means, of course, that the city never really sold the land in the first place. 
 
This site may end up costing the taxpayers money instead. &lt;p class=&quot;top-comments&quot;&gt;Current score: &lt;span class=&quot;top-comments-karma&quot; id=&quot;karma-31295&quot;&gt;1&lt;/span&gt; &lt;small&gt;(to vote for this comment, please visit the site)&lt;/small&gt;&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p><i>The new financial obligations are on top of a $190-million loan guarantee the city had to give Fortress Investment Group, which has provided a $683-million loan to Millennium to build the 1,100-unit village.</i></p>
<p>This exposure to the project means, of course, that the city never really sold the land in the first place.</p>
<p>This site may end up costing the taxpayers money instead.
<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-31295">1</span> <small>(to vote for this comment, please visit the site)</small></p>
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