Happy $104,725 Holidays!
As we wrap up 2008, I would like to wish you all a wonderful winter and a Happy $104,725.00 Holiday. If you went shopping for a house in Vancouver last May but haven’t yet bought, that’s how much you’ve saved so far according to local real estate board statistics.
That’s enough to buy a small house or condo outright in one of the US housing bubble markets of California, Arizona or Florida.
Of course those markets have been falling for the last three years, our prices have been dropping for less than six months. What will Decembers stats show? What about the New Year?
At this point some people are very concerned about the state of the economy, both globally and locally. I do believe we’re headed for some leaner economic times, but it’s worth keeping perspective. If you’re reading this website from a warm dry location with a comfortable place to sleep and food to eat, you’re doing ok. You don’t have to go far in Vancouver to see people that are doing a lot worse.
Enjoy your extra $104,725 and have an excellent New Year, I have a feeling that 2009 is going to be very interesting.
CZ suggests the following poll:
[poll id="32"]
December 30th, 2008 at 8:51 am
http://business.theglobeandmail.com/servlet/story…
December 30th, 2008 at 8:42 am
realpaul
Excellent idea. Please do keep us updated.
Regards
arit
December 29th, 2008 at 11:37 pm
She looks older than late 20s. Perhaps the reason why she got where she is today was because she was willing to get worked over by some hungry men. Who knows? The quicker they climb, the harder they fall.
December 29th, 2008 at 11:02 pm
Jennifer Podmore is the daughter of Concert Properties CEO, one of the largest developers and property managers in Vancouver.
Biased; of course not. And by her picture, obviously a wealth of knowledge and experience. Probably only in late 20's. Listen to her alright!!
December 29th, 2008 at 10:31 pm
Arit, I will stay here and come back more often, we will see what 2009 holds. I'm very excited since I'm heavy in cash.
December 29th, 2008 at 10:02 pm
Arit 155 thats very interesting. I am going to take this up with the Times Colonist editorial dept tomorrow. Although this sleazy behaviour is not illegal ( as it is in the US) it is unethical and I intend to make that point with the editor and cc the CRTC.
I have gone a few rounds with Global TV and The Vancouver Sun ( I took them to account when they tried to flog " The Diamond Triangle" in Fleetwood-Whalley )on this same issue and it really pisses them off when you catch them out . I was successful in that case.
I know they have to consult legal about this and this costs money. The expense has to be approved and it exposes the editor for the dumbshit that he is.
I suggest all of you write The Times Colonist and express your dissapointment in this unethical non-disclosure of a relationship with an advertiser posing as a news/information item.
December 29th, 2008 at 8:42 pm
Supraboy,
Yes, thanks, done puking. Feeling better now.
Look, we have different views. I respect your position, you have presented it clearly. My opinion is different, and I don't think there is much more to add. The details have been already over-processed.
The chips are in place and the little white ball is rolling. 2009 will be either good for the Supraboys and bad for the arits, or vice-versa. I invite you to stay here with us until the bitter end, and then we will see whose right and whose poor.
Then we can meet for a beer and we'll race your Supra against my Previa
Best regards and a happy 2009
arit
December 29th, 2008 at 8:38 pm
"Vancouver is well insulated from the recession"
Vancouver, more than most other places in Canada, is built on debt. What we have is not a "recession", it is debt crisis. Vancouver is NOT insulated from the debt crisis, no place is. It will be painful.
By the way, in addition to monetary debt we also have quality debt in our real estate. The quality of construction is so shitty that owners will have to pay for it much earlier than they can possibly pay off their mortgages.
December 29th, 2008 at 8:20 pm
You guys are harshly scrutinizing her. About post #150, are you done puking? You shouldn't be in denial, Vancouver is well insulated from the recession. We have the best city in the world, but isn't it too bad that in every city, there are bears wishing for a market crash? You can dream about a real estate drop all you want because with the fed and all the world governments acting together in a coordinated attempt to pump more money into the system, everything will get re-inflated. Better get in now before it's too late. I've overloaded myself last week with a lot of agricultural and gold stocks and it's working wonders for me right now. With a real estate and commodity re-inflation in 2009, get ready to miss the boat and kill yourself.
December 29th, 2008 at 4:56 pm
Can't stop puking, I feel like a rape victim…
Look at this….
The Sun says ONLY this about the article's writer:
Great deals out there
Home buyers are holding back because of the economy and deals have sprung up as a result
Jennifer Podmore Russell, Special to Westcoast Homes
An I found these gems:
1. Jennifer Podmore Russell, founder of MPC Intelligence Inc.
(from http://www.canada.com/victoriatimescolonist/news/…
2. And also (from http://www.mpcintelligence.ca/about)
What We Do
MPC Intelligence (MPC) is a real estate market strategy consultancy and market intelligence data company. MPC assists the development community to make better business decisions by providing services that will allow clients to Think Before They Act.
So she is on the developer's paycheque. Isn't it criminal to advertise in disguise???
Regards,
arit
December 29th, 2008 at 4:45 pm
realpaul,
Indeed, but didn't they fire their regular RE "periodist" from the Sun two weeks ago for getting a hefty sum of 'papelines' from the developers?
Isn't this Jennifer Podmore just deja-vu all over again?
Regards,
arit
December 29th, 2008 at 4:32 pm
#150 Arit. It is criminal IMHO opinion that the local media hides these industry tout sheets behind the veneer of 'news'. In the US the papers have to disclose the relationships they have with advertisers and they can't get away with this crap.
December 29th, 2008 at 4:29 pm
Well , it seems like we're striking some nerves. My experiance is that the loudest and most beligerant voice in the room is always the least sure of themselves.
December 29th, 2008 at 4:26 pm
Jennifer Podmore is the daughter of a hot shot real estate guy.
She's been thoroughly discredited on RET.
Hey supra, why don't you to to Real Estate Talks? There are lots of people with your point of view on there.