"Polygon…usually 3 storey walk walk up condos…the odd apartment condos, but stay around 3-4 storeys."

4 stories or less means wood frame construction, much cheaper and quicker to build than a tower. Obviously less units, but they can bang them up quicker with less code restrictions, less skilled labour, etc.

When I went to a Polygon open-house, the first question I was asked was if I was buying an "investment property". Some of those Polygon low-rise complexes are just going to turn into rental slums in the years to come.

Post # 162 Re: Polygon refocussing on smaller condo projects and avoiding concrete towers. I was wondering about that givne the RE meltdown … some of these companies still have to keep busy. The problem with the last bubble was that firms feel literally forced to move from their normal bread and butter and compete in a newer high stakes market. This of course, exacerbates the over-supply of these units, and what is the quality of the product by this new competition?….. are they capable of delivering a quality product during their own learning curve ? Hi – rise construction and supply in any given year used to be a relativey conservative endeavour in any jurisdiction, , but the pace over the past few years was mind – boggling. I had noticed that when the market was on the upswing,… Read more »

"W" is going to be a symbol of the stupidity and avarice of this decade in Vancouver, just as another "W" will be a similar symbol south of the border.

$3750 / 4br – Fully Furnished Beautiful Executive West Vancouver Home (West Vancouver)

Aberdeen ( Richmond condos ? )

Having extended family that once lived a few doors down from Aberdeen …these condos will be under a constant noise corridor.

We used to sit immediately East of Aberdeen and literally read the serial number off the 747's. The noise was unreal…had to pause betweeen conversations.

For some reason unknown ( though I have heard anecdotally too many times that BRIBES work in Richmond to NOT believe

them ) the City made a single exception to allow a condo development at Aberdeen in that area right under the flight path.

There is not another multi – family development for at least a half mile, only real "advantage"(?) is Aberdeen is adjacent to the RAV line. Err sorry I mean "Crime – train".

"Home sales are not keeping pace with the positive economic conditions in BC," said REBGV president, Dave Watt. "That’s a direct result of a loss of consumer confidence in the overall market. Accordingly, today’s housing market is characterized by moderating home prices and wide selection. It’s definitely a buyer’s market."

Lothian Vasquez, I do see your point, however, what happens if the massive injections don't work.

So far it hasn't worked, resources etc are falling hard.

Actually deflation forces productivity. You cut your employee's wages, or you invest in automation, or you import more from third world countries, and reduce the amount of manufacturing you do locally.

Either way, you know the bus loads of people going to those low paying jobs in Richmond, are going to decline and so will the wages, but not the giant debt load on that leaky shoe box sized condos.

Yeah these poor modern day slaves are Rennie’s victims who listened intently to the Bill Good Show, and used to post bullish posts on Rob Chipman’s blog.

Re: Deflation.

I'm not an economist, but IIRC the problem with deflation is that no capital investments are made. There's no point for a factory or business to invest, say in new equipment (indeed, spend ANY money), when siting and waiting makes money.

I get a kick out of the media calling deflation "dangerous" and a "virus".

What's wrong with an economy that rewards the prudence of a saver and

gives your paycheque more spending power? I suspect that the highly leveraged

are the only ones that miss inflation.

Have a safe, prudent, responsible, cash-only Christmas!

CKNW occasionally has a quick blurb on how it wants to hear from "you the listener" to hold the accountable.

I sent them a scathing opinion on their "spend your money like drunken sailors" propoganda crap they are spewing out. They are sounding more and more like an audio version of the Enquirer.

Here is their comments email link. I encourage anyone here offended by their Rennie adds to let them know.

comments@cknw.com

If the B o C reduces interest rates any more than they already have, Canada will follow the US into mass inflation beginning in early 2010. When high inflation hits, private lenders begin jacking interest rates to protect themselves from a depreciating currency. This will kill whatever is left of Vancouver housing for a decade or more to come.