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December 5th, 2008 at 7:04 pm
I walked by l’Hermitage building on Richards/Robson and it still says “15 opportunities remaining”.
It’s been saying that for months.
They haven’t sold a single condo in the whole building in the past few months? Crazy.
December 5th, 2008 at 6:47 pm
No- Lympics
Thanks, but my kitchen’s equipped with Le Creuset cookware and Shun knives. Come to think of it if you’ve been cooking with vintage teflon, it would explain a lot.
And if by “boat” you mean “penthouse apartment with a 370: views from English Bay to Mount Baker” then yes dear, I’m living in a boat.
Good lord.
December 5th, 2008 at 6:24 pm
But Rennie is a professional shill. That’s his job.
It’s the people pretending to be performing a “public service” that deserve the real scorn – yes that’s you CKNW, Bill Good, Michael Campbell, Tsur Somerville, Helmut Pastrick, CMHC, etc, etc.
And let’s not forget the people who put “the best place on earth” on the license plates. That was no accident.
December 5th, 2008 at 6:13 pm
“And maybe you’ll be the one to change the topic when the conversation turns to negative speculation”
I’m a little late to this party, but anyway here I go.
This is truly pathetic. I wish I had time to properly put into words the scorn I feel for this man. His downfall will be very sweet to watch.
Bob: the blogger was right. You and the other 999 people were wrong. And I’m luvin it.
December 5th, 2008 at 5:53 pm
“…And maybe you’ll be the one to change the topic when the conversation turns to negative speculation”
CKNW: “Vancouver’s economy is working ….this holiday season, keep it strong. A message from CKNW”
Let’s not have any doubt what the real message is here.
“If you don’t keep buying condos, you’re letting the NDP win”.
December 5th, 2008 at 5:37 pm
I changed my mind after actually listening to the commercial. First of all, his voice is not very clear — and the message that comes through is that Vancouver is special and we are somehow tilting in the opposite direction of the rest of the world?
Do he and CKNW really think people are that stupid? When all they hear on the media these days is about layoffs and crashes?
Everyone I know would either ignore that message or just think gag, wtf? It just does not make any sense. The first thing you think is: “That guy is delusional”.
The only thing the commercial has going for it is the upbeat music, but coupled with the message the commercial provides nothing but confusion.
What a mess that guy has created for himself. I really feel sorry for his soul.
December 5th, 2008 at 5:36 pm
Anyone see this on the news?
http://canwest.a.mms.mavenapps…..ct=3265700
A $700,000 apartment in the Wall Centre and the guy could only afford a VCR! LOL!
December 5th, 2008 at 5:29 pm
Good luck to Rennie with his idea of telling people NOT to talk or think about something. It is going to backfire on him bigtime. When anyone hears that commercial they will think “What is negative equity?” and then start thinking and talking about it.
Ok, a little test here.
Try really hard not to think about a white elephant.
December 5th, 2008 at 5:02 pm
Rennie says change the topic when conversation turns to negative speculation? To hell with that. I’ve been waiting eight years to talk real estate with friends. Finally people are open to serious talk.
FYI, the BEST OF 604 awards are on and Condohype and Vancouver Condo Info are nominated!! Now that’s my style of negative speculation! I sure know who I’m voting for.
December 5th, 2008 at 4:58 pm
Anyone see this on the news?
http://canwest.a.mms.mavenapps.....ct=3265700
December 5th, 2008 at 3:44 pm
” Negative speculation ”
Pronounced: ( neh-gah -tiv speck -EWE -lay- shun)
In the new Oxford Dictionary 2009
Negative speculation (colloquailism /idiom)
(English)
Originated in Vancouver , originally attributed to Robert(Bob) Rennnie
—on par with Sam Sullivans “Ecodensity”
—often applied to Real Estate
Meaning: assuming or predicting the worst ,as opposed to the opposite.
In Economics : When the sh*t hits the fan/ reality bites
NOTE: Term ” Negative Speculation ” is considered derogatory in certain social , professional and economic circle.
December 5th, 2008 at 3:30 pm
Text and MP3 of the Rennie CKNW ‘Public Service Announcemnent’ added to the wiki:
http://vancouvercondo.info/wik.....ng_Systems
December 5th, 2008 at 3:14 pm
“Buy a bong”.
Golden.
December 5th, 2008 at 3:13 pm
“The post was about the fallacy of saying that “everybody who did not vote yes voted a no”. Is this community really subscribing to this logic?”
Good point Anon, however maybe they’re voting it down because it has little to do with Vancouver condos. Personally I think #70′s point is valid. I sure didn’t vote for a coalition. If I knew that’s what they were going to do I probably would have changed my vote. The Conservatives are up in the polls so it looks like I’m not alone.
December 5th, 2008 at 2:55 pm
#85 HA!!!
That was excellent!
December 5th, 2008 at 2:50 pm
Bob Rennie: “Hi, my name is Bob Rennie of the soon to be defunct Rennie Marketing Systems. The world tilted, fell on its ass and is engulfed in flames and we didn’t fall off- it fell on us. You live in hugely over-priced highly leveraged homes in the best place on the planet, Vancouver and British Columbia and I have fled the province and will live in prosperity thanks to the ponzi scheme that put you in your 352 sqf of paradise. As we look forward to 2052 and beyond we have all the underlying fundamental stupidity for a recovery. You’re still going to shop for a bankruptcy lawyer, you’re still going to go out to dinner and offer to wash the dishes to pay. And maybe you’ll be the one to change the topic when the conversation turns to negative speculation by flipping the table with the christmas meal on it over and screaming “I’m ruined!! shut up you bastards!”
CKNW: “Vancouver’s economy is barely working ….this holiday season, Buy a bong. A message from CKNW”
December 5th, 2008 at 2:32 pm
Partly as a result of Vancouver’s appeal to Americans, real estate values nearly doubled between 2001 and 2006, Mr. Watt said, with typical single residences rising to a price of nearly 650,000 Canadian dollars and apartments and condos rising to about 400,000 dollars. Those prices began to slide only recently, influenced by the downturn in the American economy. “You guys sneeze,” Mr. Rennie said, “and we get a little bit of a cold.”
More like we get pneumonia!
December 5th, 2008 at 2:16 pm
off topic a bit but; why is “Socialist” used by some Canadians as a negative term? As an American transplant I find it disturbing that many Canadians are starting to talk like members of the NRA back home. It’s like everyone has been sitting in their igloos watching FOX news all day. Do those people actually think health care in Canada should be privatized, because, in case they didn’t notice, its SOCIALIZED. Or maybe education – who needs a good education if your parents can’t afford it anyway. What about law enforcement and national defence – I’m sure Blackwater and KBR could handle those for you.
Canadians should be proud of there SOCIALIST history, without it Rick Mercer would have made his fame with a show called “Talking to Canadians”. Also if you don’t the ghost of Tommy Douglas will come and haunt you and your family for all enternity.
December 5th, 2008 at 2:03 pm
Alright, since I’m going on and on about it, I’ve capped the audio and put it on a share website for everyone to download. It’s 1/4 of a megabyte, and 30 secs long.
Cheers.
http://www.zshare.net/audio/5231132872242807/
December 5th, 2008 at 2:03 pm
Guys, regarding post #70 above I don’t understand why you are voting it down, please explain. The “voted against” logic is the typical political spin tool used to manipulate public opinion. 60% did not vote against Harper because the vote was not against anybody, it was for something. For example following this logic the fact that somebody voted for carbon tax would mean they voted against NDP and everything they stand for, so it is entirely wrong to put these 60% together and say that the coalition represents their interests. How many of the guys who voted for carbon tax would have Harper as their second choice as opposed to NDP- is this number really equal to 0 as Burden of Proof implies?
The post was about the fallacy of saying that “everybody who did not vote yes voted a no”. Is this community really subscribing to this logic?
December 5th, 2008 at 1:30 pm
Can we please add that Rennie garbage to the Wiki? I can’t believe that CKNW will hold their name to it. I’m disgusted enough that I no longer care to listen to 980 AM. It’s ridiculous that such biased bullshit can be aired under the guise of a public service announcement.
December 5th, 2008 at 1:25 pm
Hey, given the Capitol Residence’s relatively recent presale date, I would expect buyers to walk away from presale deposits. Wasn’t the W deposit spread over a couple years, with 5% at signing, and total of 20% before completion? If that’s the case, there is VERY strong incentive for speculators to walk away, after recent plunge in market price. Anyone has data/rumour/memory about the presale deposit structure? Seems like Rennie is stuck with a few units in Capitol where the buyer couldn’t cough up the scheduled deposit, and he’s trying to find more suckers in NY to help his commission cheque clear.
December 5th, 2008 at 1:14 pm
Who cares what Rennie says it should be pretty clear it’s all bunk. If anyone is going to read that puff piece and believe it they are welcome to do so. I’m simply not surprised anymore at the level of denial nor the lack of credibility in the MSM around real estate issues.
Most of the MSM missed the boat completely on the dangers of the massive credit bubble by selling real-estate as a lifestyle issue. I’ve seen so little journalistic inquiry or investigation around the housing/credit issue it just makes me sad.
The online world and regular people have done more to inform me that the MSM could ever hope to do.
December 5th, 2008 at 1:14 pm
Rennie is fast taking over the mantle of amusing denial so long held by the inimitable Muhammad Saeed al-Sahhaf, aka Comedic Ali.
http://en.wikipedia.org/wiki/M....._al-Sahhaf
December 5th, 2008 at 1:09 pm
Article Re: Coalition
” Future of coalition, Dion’s leadership uncertain “.
http://www.cbc.ca/canada/story.....rties.html
A ” socialist, a nerdy professor and a separatist ….” sounds more like the start of a JOKE , not a coalition.
I ROTFLMAO re comments directed at Harper as afraid of losing his job. This coalition has now literally guaranteed his job security.
What this 3 stooges coalition did (or threaten to do )was within the rules , but so was Harper’s counterstrategy in his request to the Governor General . Tit -for- tat…whats the problem? Rules work BOTH ways.
The coalition took an “all or none” chance with consequences if they failed …and it failed miserably.
I think the Coalition have ultimately placed Harper in a Win – Win situation.
The permutations and combinations to create a majority amongst the current federal parties are numerous,(or even amongst the MP’s ) and include Harper cutting a deal with ONE of the other parties to ensure a majority. That can also include MP’s crossing the floor and shifting any/all existing balance.
I saw this more as THE issue was job security being maintained for the Coalition leaders and their own MP’s , they simply wanted to ride the gravy train of public funding for their own parties so their own parties would exist and thus their own jobs as MP’s still exist.
These people don’t want to have to go out and face the real world, and moreso now . For someone like Layton to tie his horse to “loser” Dion who was getting his own pink slip as Liberal leader shows desperation by Layton, but nothing even remotely resembling leadership or the Canadian public’s best interest.
I hope someone drains that Coalition kool -aid bowl soon. Lets roll the dice again and force an election ( which would likley create a great purge amongst the Coalition parties and they all know it now,if not before ) …or the Coalition can STFU.
December 5th, 2008 at 1:08 pm
My only complaint about CKNW is that I never get to sit down while I’m there b/c everyone’s nose is in my ass.
December 5th, 2008 at 1:04 pm
Thanks Anon#71, here’s the complete transcript of the ad:
Bob Rennie: “Hi, my name is Bob Rennie of Rennie Marketing Systems. The world tilted, and we didn’t fall off. You and I live in the best place on the planet, Vancouver and British Columbia. As we look forward to 2009 and beyond we have all the underlying fundamentals for recovery. You’re still going to shop, you’re still going to go out to dinner. And maybe you’ll be the one to change the topic when the conversation turns to negative speculation”
CKNW: “Vancouver’s economy is working ….this holiday season, keep it strong. A message from CKNW”
December 5th, 2008 at 12:57 pm
@Peter (#54): Wow! I can’t believe that represents 100K off the original price. Another 100K and maybe I’ll take a look.
On another note, I’d like to add this story to the roundup:
http://www.nytimes.com/2008/12.....ouver.html
Seems like Bob Rennie is selling Vancouver real estate in the New York Times now.
December 5th, 2008 at 12:18 pm
Has Bob Rennie taken a page right out of the Osama Bin Laden playbook? Is he living in the tribal regions of Waziristan-olumbia right now, having his taped pronouncements slipped through some secret courier network to his sympathetic cohorts at CKNW?
December 5th, 2008 at 12:17 pm
Rennie on CKNW: go to cknw.com, audio vault, Dec. 4, 6:00pm, it plays at 22:30 in. It will live in infamy.
December 5th, 2008 at 12:05 pm
#48:
>> “The problem is that the nation just voted for something ”
>> Yes. Over 60% of the nation voted agaist Harper. Why should he have power? Please explain.
Burden of Proof, if you have 100% vote split between a number of parties and one of the parties gets more votes than any other, then the number of people who voted AGAINST this particular party is smaller than the number of people who voted AGAINST any of the other parties.
So, following your negative vote logic, the answer to your question is that Harper should be in power because he got fewer votes against him than any other leader.
Does it answer your question?
December 5th, 2008 at 11:52 am
That post above about no construction booked after 2009 Q3 is telling. I know several families that rely on construction jobs to pay their mortgages. When those jobs are lost it’s going to be bad, very very bad in 2010. Hold on to those hats!
Then again, maybe New York engineers with condos all over the world will just buy all our condos because Yaletown is so close to the Rockies and Robson St is world class.
December 5th, 2008 at 11:48 am
Holy *@$#! One in ten Americans with a mortgage are now at least a month behind in payments:
http://www.msnbc.msn.com/id/28069420/
That’s across the nation – totally insane. I wonder if we’ll get to that point here, I know some people who are getting pretty stretched in Vancouver..
December 5th, 2008 at 11:40 am
mflat #43
Burden of Proof #47
Approximately what time did you hear this Bob Rennie ad? I’ll attempt to go through the CKNW audio vault and retieve it.
Sounds like our boy Bob is getting a little desperate….perhaps all that off shore money isn’t flowing quite as fast as it was.
It was approximately 6:20 to 6:35 pm on December the 4th. That’s about the time I left work yesterday.
December 5th, 2008 at 11:35 am
Scullboy:
Y’see….One should honour the “original integrity” of the wisdom or the art form passed down and in doing so not play editor/revisionist.
Otherwise,classic art like the Mona Lisa may have bigger knockers painted on and maybe even a tattoo with political slogans .
If the minor details in the parable are one’s focus, and burr in their saddle, and the main message of the parable is not grasped , feel free to do an editing job.
No hard feelings…in fact, I have a bunch of vintage K-Tel cooking utensils /devices to lend/lease/sell you in order to assist you in your oft – acknowledged raison d’etre of chef du cuisine.
PS You live on a boat right ? row the canoe or paddle the dingy ?
December 5th, 2008 at 11:28 am
Can anyone find an MP3 or WAV file of that CKNW rennie ad and post it in the wiki?
December 5th, 2008 at 11:21 am
“Under PR the NDP, Liberals and Greens would be able to form a majority all by themselves because together they got over 50% of the vote. Is that what you’d like to see?”
I would love to see some form or proportional representation, or at least something like instant run-off or single transferable vote. It’s much more democratic.
“Another made the prediction of bottoming out in June/09 with housing rebounding after that. Why June? Only God knows why. Dead cat bounce perhaps?”
A lot of people can’t look at the larger market without thinking about what it would mean to them personally. And when they think about a crash or even a slow decline they realize they would be tens of thousands of dollars in the red, so they convince themselves it won’t happen. Denial is pretty common in all areas of life. Unfortunately the market doesn’t care about the consequences for individuals, it’s going to correct because it needs to correct.
Convincing people who only have 10% equity or less that the market can and will correct by 30% or more is nearly impossible. They will not listen to you. Because on the one hand you have people saying that they will be able to ride their home to riches, and on the other hand is you telling them they could go bankrupt.
December 5th, 2008 at 11:19 am
mflat #43
Burden of Proof #47
Approximately what time did you hear this Bob Rennie ad? I’ll attempt to go through the CKNW audio vault and retieve it.
Sounds like our boy Bob is getting a little desperate….perhaps all that off shore money isn’t flowing quite as fast as it was.
December 5th, 2008 at 11:16 am
Perhaps my 2 + 2 = 22 story is really analogy of the Vancouver RE Zeitgeist.
Well Zeitgeist, prepare to meet Schadenfreude.
December 5th, 2008 at 11:12 am
Dissenter: “Nobody voted for a LIB/NDP/BQ “bloc” as you imply.”
Actually they did. The majority of voters cast their ballot for a representive that is now calling for a coalition. By voting for an MP you are basically voting for everything that MP votes for during his or her term in office. Even if the voters disagree with it now they still voted for it. Maybe we need a more direct form of democracy but that’s not the issue at hand.
December 5th, 2008 at 11:10 am
It’s an advertising supplement, in case nobody noticed.
Exactly. Not the sort of place you want to mention all the things that Vancouver is #1 in:
#1 in North America for Property Crime!
#1 in North America for Overpriced Property (Forbes)
#1 in HIV (Downtown Eastside)
…and now
#1 in real estate price plunge!
We’re number 1! we’re number 1!
December 5th, 2008 at 11:09 am
Here’s my simple analogy regarding the denial about RE fundamentals over the last few years.
The majority of the people looked at 2 + 2 and were told that it was 22. It’s obvious. It’s 22. 2 + 2 = 22 became very, very popular. It is self-evident that 2 + 2 = 22. Many then proceeded to make decisions based on that math. The few retards that claim 2 + 2 = 4 are ridiculed and met with mocking derision. Everyone knows that 2 + 2 = 22.
December 5th, 2008 at 10:54 am
Nobody voted for a Conservative minority government either. They voted for MP’s. A majority of MP’s have the right to form a government. Period.
There are countries where people actually vote for parties rather than MP’s – they have proportional representation. Under PR the NDP, Liberals and Greens would be able to form a majority all by themselves because together they got over 50% of the vote. Is that what you’d like to see?
re: NYT article
i noticed nothing was mentioned about the homeless…..
and also wondered why the American was selling his Harbour Green unit…..
It’s an advertising supplement, in case nobody noticed.
December 5th, 2008 at 10:47 am
“The problem is that the nation just voted for something and before this something could be implemented the losers are trying to change thing”
1. The “winners” only obtained a minority and are insisting on governing as if they have a majority. The fiscal update was a deliberate provocation to take advantage of an opposition with a lame duck leader. Bare knuckle politics on Harper’s part. And whaddya know, the geek in whose face he was kicking sand managed to land a solid right hook. Surprise! But he had it coming.
2. Constitutional convention is that the party that obtained the most seats and has the confidence of the house gets to form government and appoint the PM. Here the Cons no longer have the confidence of the house. And the coalition now has the plurality of seats, not the Cons, and they have the confidence of the house.
3. Though there is authority for this, it is weak because a) they didn’t run as a coalition, and b) they accepted the throne speech, so have expressed confidence in the house initially.
4. But the prorogation option is very bad too. A PM shouldn’t be able to suspend govt simply to avoid a non-confidence vote.
But it is pretty rich to watch Harper, the grand strategist, having to run away from a fight with Dion and Layton. He must be eating his frickin liver.
December 5th, 2008 at 10:45 am
Hey No-Lympics
Nice parable but if the Americans and Japanese had rowing races in canoes neither would win because YOU CAN’T ROW A CANOE, STUPID!
You paddle a canoe. You row a boat. The person who steers a boat is a coxwain, not a “steerer”, you cox a boat, not steer it, it’s a crew, not a team and the crew is made up of oarsmen (or women).
I mention this because you seem like the type to use that kind of bullshit in chain letters to make some kind of faux profound point. so you should really get your facts straight.
Otherwise they’re all going to laugh at you, just like Carrie White.
December 5th, 2008 at 10:37 am
To Koruame:
Nobody voted for a LIB/NDP/BQ “bloc” as you imply.
December 5th, 2008 at 10:28 am
High 500s now eh? if you drive by their site, the banner on the fence still says from the High 600s. When this first went up, I almost sprayed coffee all over my dashboard.
December 5th, 2008 at 10:27 am
This is anecdotal, but a realtor is knocking (cold knocking?) on peoples doors in North Van this week and asking them if they want to sell their home, as if any North Van residents are incapable of contacting a realtor on their own if they decide to make that oh so important life decision.
December 5th, 2008 at 10:24 am
Computer autofilled your name, didn’t notice. Deep breaths man, everything is going to be alright.
December 5th, 2008 at 10:16 am
I was reading the Georgia Straight this morning and had a chuckle over the ad for The Block townhouses on the back page. Starting “in the high five hundreds”! Does anyone know anything about this development? I can’t see them getting those prices, especially with the Sofia complex struggling just around the corner.