Welcome!
VancouverPeak.com- admin replied to the forum topic Sandbox. in the group Housing Data
- admin posted an update:
- jesse and Makaya are now friends
- jesse replied to the forum topic Sandbox. in the group Housing Data
- jesse posted an update: CMHC starts, completions and under construction in Vancouver […]
- The Ant started the forum topic BC Population Growth in the group Housing Data
- jesse and The Ant are now friends
- jesse and wreckonomics are now friends
- wreckonomics posted an update: New Year, New HPI. ”Selection Broadens and Demand Eases to […]
- Best place on meth and admin are now friends
Wordpress theme by Abhishek Tripathi of Mediawick Digital Solutions
November 5th, 2009 at 5:07 pm
#96, N911, I saw a Labour Council announcement flash by earlier today that suggested unemployment numbers tommorrow will be UGLY. Wait for the fun.
November 5th, 2009 at 5:01 pm
#94 CIK, I don’t get the private school connection or charity assoc in any of that as it relates to the incompetance of real whores generally?
Are you saying that you feel that you deserve or are more worthy of a better quality real whore than the rest of us because of your personal foibles?
Fact is that the Real Whore Board itself disagrees with you. It is their assertion that the qualifications of all real whores are homogeneous and that they are all as competant as another. So….it sort of blows the lid off the ‘you get what you pay for ‘ argument.
i have to disagree with you strongly on the point of ‘voting with your wallet’ assertion. Voting is synonymous with freedom of choice. The Whore Council has not allowed free competition into the market. Only then will we see who’s truly competant and who is not.
November 5th, 2009 at 4:23 pm
gork #95
Well then your not dealing with a competent person
… Look all I’m saying is do your homework … when I bought my first place 15 years ago I didn’t have a realtor and found the place myself. I negotiated the fee and took into the consideration that the realtor was probably biased in favour of the vendor … I was o.k. with that but you get what you pay for.
I’ve worked very hard to get where I am and I charge a lot of money for my services. If you don’t like it find someone else. Even though I am in NOT a realtor people shouldn’t be telling them what there service is worth with anything other than THEIR wallet.
November 5th, 2009 at 4:12 pm
@Disbelief:
You think I’m worried about my job going south? My properties are rented out and the suckers are paying off the mortgages for me. If you took economics 101, you’d learn a few tricks or two about how to build assets.
November 5th, 2009 at 4:05 pm
Employment Quality in Canada Detiorating – worst in BC (jobs quality index down a whopping 8%)
http://www.canadianbusiness.co....._7_cnw_cnw
See the PDF report linked to in the article, courtesy CIBCWM
November 5th, 2009 at 3:08 pm
#93 and in some profession 99% are rotten.
Agree with RP on #89′s “if you want to save money and roll the dice”. That’s realtor fear mongering at it’s best. Without realtor you can still have a building inspector, lawyer, ect.
89, what’s the true value you get from the realtor, how does he/she make up for their money?
I frequently get newsletters from a few realtors i contacted in the past >2years back when trying to get more info on a property listed. First, it’s annoying to get this spam, second, isn’t it funny that they all think (at any given time) I should buy right now, great opportunities ect ect…
However this reminds me of the worst part, when i called them waaay back for more info on properties they were simply not in a position to provide it (but always had a friend that could arrange for a mortgage). Asked for a floorplan with measurements, which i think is pretty basic when buying a house or condo, and i have not seen one for any of my inquiries.
hm.
November 5th, 2009 at 2:39 pm
All I was saying is you pay for what you get … you don’t have to pay and you don’t have to get.
Does it bother you that my kids go to private school? Does it bother you I have my suits tailored? I also have ski boots custom fit for my kids and my daughter’s saddle was custom made?
On the other hand … I volunteer for several boards/charities … I spent three days at Whistler helping my landlord install/build at my rental so I could get a break on the rent. I’ve coached or managed umpteen (word?) teams.
Cut the personal crap it demeans your argument.
November 5th, 2009 at 2:14 pm
what 91 said.
There are good and bad eggs in every profession.
November 5th, 2009 at 1:50 pm
#89 CIK, I gotta go with Anon #91 on this call. A whore is a whore, it doesn’t matter where they buy their makeup. I don’t have a ‘Pretty Woman’ complex when it comes to money. Theres nothing colder than a whores heart, which is exactly why yours keeps calling you. Its not because your a valued friend its because you represent a buck. Give it a shake, there you see, is it a bit clearer?
These parasites are commissioned salespersons. They get payed nothing to coddle you or act in your best interests. You are being groomed for a shearing.
Using the term ‘professional’ and ‘real estate agent’ in the same sentence is just funny. Lets keep proper credentials unsullied by the wannabe’s and the malcontents.
Trusting builders hmmmmmmmmmmmm. The work is entirely subbed out these days. No one on the money team ever visits the sight, thats a fact. When you’re working with specific types of builders only your lawyer can you trust. Certain types of builders think anyone outside their family group is sandwich meat. If you hire a builder for a 2.5 mill project you should also have an independant project manager to keep him in check. Trust no one who’s family will insist he or they have gone to live in another country the minute anything goes wrong.
Trusting a building? Read the minutes. Read the papers. Get drunk until that stupid idea gets out of your head. Trust what again?
A real whore who has to pay their own bills during a downturn? So whats the point? How long does ethical behaviour stand up when push comes to shove.
We saw a good example of that when all the hockety players got vaccinated in secret before the need worthy like the ambulance people and sick children. Ethics means nothing to people who are under pressure, thats just life in the big city.
The ‘rolling the dice’ comment sounds like it comes straight from the real whores ‘scare the client’ playbook. Are you a realwhore ( or is your signifigant other) who stands to lose substantially when a level playing feild is introduced to the marketplace?
Fact is, real whores are a dime a dozen at the best of times and not worth more than an hourly rate. If the name is too strong please suggest another. How about “Dim Sum Queens”? Or did BUM Rennie already grab that one?
November 5th, 2009 at 1:05 pm
@ cashisking #89
Not everyone is a chef. Some simply serve burgers.
Your average barista at Starbucks knows nothing about espresso – they merely push buttons.
My best friend’s dad was a shoe salesman on the Island long time ago and because he knew everything about shoes he managed to support a family on his salary. Have you been to a shoe store lately? Have you asked staff ANY questions, not just about shoes?
I could go on…. but you get my point.
Thare are WAY fewer realtors than Realwhores these days and you can bet on it.
November 5th, 2009 at 12:49 pm
ps Realpaul … I usually do enjoy your rants but I think your offside on this one.
pps I’m a bear … I sold my house two years ago and have been renting ever since … my realtor calls me even though she/he knows I won’t buy to tell me about houses I should take a look at … I also bug him/her when I see something I’m curious about … the bulders and tradespeople she/he has a relationship with have worked on friends and families places and are worth their weight in gold.
ppps calling them real whores is actually off side
November 5th, 2009 at 12:13 pm
realpaul
do you own mutual funds? have you ever had to hire a really good lawyer for something important?
The MER on mutual funds is about 2% per annum … I once hired a lawyer at 600/hr for about 50 hrs and he was well worth it. Those are just a few examples
Have you ever talked/dealt with a really good RE agent? The ones I know have degrees. They work like dogs, have staffs and offices to pay for (during the five month meltdown last year they were paying out of pocket when nothing was coming in). They know every thing about the neighbourhood they deal in. They know all the builders, who to trust, who not to trust. they even know all the buildings and what to watch out for.
Once again if you want to save money and roll the dice you are allowed to. For me I have had nothing but great experiences working with them. I am fairly demanding but I want a professional. When I spend 2.5mm on a house that I plan to spend the better part of the rest of my life in, the commission is well worth it.
I could go on and on but you really should think before you speak …
November 5th, 2009 at 11:55 am
Boombust,
(comment 84)
Would it be possible for you to post some or all of your letter? Maybe too if it is publicly posted that will help get a reply. Interesting that you haven’t received one yet … it’s been a couple of weeks, right?
November 5th, 2009 at 10:47 am
Millions of Canadians living in substandard housing says report. No Duh? Is it because we are the most over taxed over regulated country with the lowest standard of living in the G20?
http://www.vancouversun.com/Mi.....story.html
Or is there some other reason I’m missing as to why buisnesses don’t locate here?
November 5th, 2009 at 10:26 am
…same with mortgage brokers, BTW. who needs them when all the info is available online?
November 5th, 2009 at 9:19 am
#75 Realtors worth every penny? They are salesmen and at least the ones I’ve talked to have no clue of the local market, not a bit. And the ones hat do, they likely won’t be honest with you due to the *glaring* conflict of interest. You want to buy as low as possible, he wants the price to be high since commission is a percentage. A flat fee for handling the paperwork makes sense, nothing more. All property research and selection can be done online by the buyer nowadays. Realtors in their current role have no reason to exist whatsoever.
November 5th, 2009 at 7:32 am
…and I am STILL waiting for a reply from the chairman of the CMHC…
November 5th, 2009 at 12:15 am
Taxes going up soon, unemployment going up, interest rates going up soon… of course housing prices MUST go up too. LOL! What the fuck ever.
CMHC is the largest crown corporation, in other words the most corrupt. rentah nailed it with the fact they’re so far from their original mandate with this bullshit. Think about how other crown corporations/gov’t bodies have faired after they’ve gone strayed from their original mandate. This will only end badly.
Harper and the rest of his cronies better polish up on their double talk, they’ll need it to fool the sheeple from this bullshit they’ve been pulling. Just one big fuckin game of bend us over. We’re all so stupid, we put them there and let them get away with this kind of market interference and as long as the majority of the sheeple “benefit” from it through unrealized gains and the like, then who cares?! Because they’ll never question anything.
Bullshit. Greed. Stupidity. That could be a good title for my book.
Vansanity out!
November 4th, 2009 at 10:33 pm
“Is this town that much of an asshole?”
Yes.
November 4th, 2009 at 9:18 pm
Now that the fed has committed to zirp for the long term I think it’s safe to say that Canada has too. It’s going to last well beyond this summer folks. We cannot become an Australia here ok. We cannot become the target of the carry trade because it would bury Ontario. Therefore low rates are here to stay.
November 4th, 2009 at 7:37 pm
I just saw reported that ambulance workers are being denied the H1N1 shot whereas Hockey players are being snuck in the back door.
Is this town that much of an asshole?
I thought the Olympics was the apex of assholishness but when it comes to this I have truly seen the ugly reality of Vancouver.
November 4th, 2009 at 6:33 pm
72 angryslav
Well to be honest I can’t stand this guy enough to read or listen to him in depth, but I get the big picture as to what he stands for. Everytime he is on tv he is advocating the big spending stimulus and thinks we will get out of this mess by spending. Any economist who thinks this is an idiot. Also I think he is more dishonest than just plain wrong. He is a big advocate of government intervention and of Bill Clinton. Yet conveniently fails to mention the administration responsible for getting rid of Glas-steagal.
I also don’t get this whole left/right argument. There is no left and right. Don’t be fooled by the controlled oposition in the media. Everyone is on the same team and me an you are not playing.
November 4th, 2009 at 2:23 pm
CREA fighting against ruling.
http://www.globeinvestor.com/s.....8/GIStory/
November 4th, 2009 at 1:59 pm
#75, CIK, I don’t get the connection between big brother and inflated fees? Having managed real whores by the hundreds in my youth I can actually state a qualified opinion and say that $50 an hour is being very generous.
The fact is that the recent court ruling agrees with me. In reality it takes nothing to sell a property, no special skills at all. Why have to pay thousands of dollars to put your property for sale on what is actually a closeted ( now open) version of Craigs List?
Fee’s will fall dramatically as the public becomes aware of the new opportunity as will entrepeneurs who will see $50 dollars an hour to drive across town with a lock box key a fairly easy and lucrative way of churning a buck.
I have sold many props FSBO without any issues and even used real whores who quickly cut their fees when spoken to directly. A person with a condo for sale for example or a house in a subdivision of cookie cutter popcorn shacks can easily ascertain the asking versus the recent sales data in their immediate area, why need a real whore. Real whores are at best guestimators and not qualified appraisers by any stretch. Who needs to pay thousands for a service that is as easily found as the sign down the block and the sale around the corner. Its not rocket science.
If you want to pay for information then fine, pay a rate equivelant to what an information is worth, it certainly is not thousands of dollars.
What I would recommend for anyone wanting to buy or sell is ditch the real whore. If a real whore is useful then negotiate a fee with them directly if they have a bona fide deal that is satisfactory to your lawyer, don’t take the whores word for anything, their just commissioned salemen after all. The lawyer will charge less than $250 for the consultation.
November 4th, 2009 at 1:32 pm
feds keeping rates low for an extended period. doing a carney, are they? except they didn’t say how long exactly…
November 4th, 2009 at 1:02 pm
realpaul #71
you’re always railing about big brother … if you don’t want to pay the fees it’s easy DON’T! Sell it by yourself or better yet set up your own system and charge 250 a head. Good realtors are worth every penny.
November 4th, 2009 at 12:54 pm
73. Theory complicated. It is more likely just a ploy to tie the issue up in court so that the CBC can’t report on this one individual “while the matter is before the courts’, age old ploy. They are just trying to bury the media in litigation.
November 4th, 2009 at 12:31 pm
#69, the sad truth is that this suit is nothing more than tha administrations attempt to rebrand a thrill killer into a victim. Doubly sad if we learn that we/the taxpayer and not the victim are paying for this frivilous lawsuit and that it is all just an attempt to redirect the publics attention away from the facts. That I guess will come out in FOI docs in years to come.
I’m sure that the police would prefer absolute secrecy when it comes to the deaths of citizens at their hands/while in custody. Thousands of people died ‘secretly’ in Argentina in the 70′s, they just ‘disappeared’.
November 4th, 2009 at 12:21 pm
@other ted: Okay? Were you watching Faux News as you typed this out? Name two things that Krugman has been “wrong about.” Have you read any of Krugman’s academic stuff? He is very much a centrist (even right-of-centre) economically. The right in the US made Krugman a bogeyman because he was the first of the members of the traditional corporate media in the US to understand and write about the folly of the man-child President.
November 4th, 2009 at 11:51 am
Real Estate Industry MLS mafia gets ‘gouged’ for a nice sea change in consumer rights at law. Finally, the courts have decided that the secrecy and death grip tactics of the Real estate industry have been ‘anti competative’ and illegal. Real estate boards facing multi million dollar fines for forcing out competition. Local board of course, with the complacent media in tow, are reluctant to release statements but change is on the books and its about time.
http://www.vancouversun.com/bu.....story.html
I would say a decent real estate commission should be about $250. That would include the hourly rate of $50 per hour for the average time an agent puts into a file.
November 4th, 2009 at 11:22 am
patriotzed I can’t believe you are here defending Krugman. He has been wrong about everything. So anyone who opposes Bush is good. Using that measuring stick maybe we should get jeneane Garafalo’s opinion on the housing bubble.
November 4th, 2009 at 11:17 am
Only in Canada could you get a whining asshole complain that he’s embarrassed about being publicly exposed over his direct involvment in the wrongful death of an innocent man. I guess when the recruiting officer told you that you are ‘brave’ it really means that you’re an asshole and they can’t find many psycho’s that are stupid enough and hollow enough to swallow that crap. Being brave means not having to pull the gun, asshole. Any asshole can stand ten feet away from a man who’s surrendered and then blast him for a buzz, that just makes you an asshole, not brave.
http://www.vancouversun.com/ne.....story.html
November 4th, 2009 at 9:35 am
@Anonymous: To listen to this blog you’d think that the sky was falling but Vancouver has weathered this storm really well so far.
That’s because our housing bubble hasn’t burst yet, and we have a massive amount of olympic work being done. After the olympics, we in trouble!
November 4th, 2009 at 4:38 am
@chip:
Patently wrong. For starters, he has been opposed to the Iraq war from the start, which is the single largest US government program since… well the Vietnam War I guess.
If you’re just talking about domestic entitlement programs, he was strongly critical of Bush’s extension of precription drug benefits for Medicare, which he correctly described as a handout to Big Pharma. He was also critical of Bush’s relief program for Katrina. Actually he was critical of just about everything Bush did, which was not too surprising since Bush did just about everything wrong.
If you think he was just out to get Bush, Krugman has also criticised Obama’s medical insurance proposals for being too soft on the health insurance industry. But note that Krugman’s own views on health care would be considered to be on the right of all parties’ offical policies (including the Conservatives) in Canada.
November 4th, 2009 at 4:17 am
@Lord Huggington:
“Conservative” Monkeys Hose Canadians.
November 4th, 2009 at 12:59 am
#61 Bizznitch: “It appears the Olympic rental market has slowed to a crawl.”
WTH? You mean rich foreigners don’t want to rent some East Van dump for more than a hotel costs? Quell surprise!
Reminds me of Beijing’s 80% vacancy rate for rentals…won’t be any different here.
November 4th, 2009 at 12:18 am
Deb Hopes nodding is little more than conditioned response to blowing every advertiser that ever walked in the door. Otherwise how could a face like that ever get a job on radio, Oh ya, you have to be able to read a complete sentence without stuttering to get on radio.
Anyone with lower standards should shuffle down and make a pitch. I’m sure Tony’s got a special tube of grease ready for any actual cash proposals for time on Globular Lies.
I guess Ozzie was uncomfortable with the most recent stats that showed BC outpacing the country with new unemployed in all regions. Christ the hinterlands have been on welfare for over three years , don’t count them on the EI rolls. If anything there are more people rolling onto welfare in BC than are currently collecting EI. Still the official stats were that unemployment in BC is up MOM 8.5%. But thanks for the buzz Ozzie, your a great cheerleader. We should hire that guy from “Tell me Lies” to have a gander at the BS they pass off as ‘news’ on Global.
November 3rd, 2009 at 10:38 pm
These guys must know something that we don’t. A news editor is on Harper’s case and picky on the slow process of immigrants to Canada. Hurry up Steve, her once a week real estate advertisements keep a lot people prosperous.
chineseinvancouver.ca/2008/09/immigration-trend-in-reverse/comment-page-2/#comment-4909
November 3rd, 2009 at 10:20 pm
Create Massive Housing Collapse?
November 3rd, 2009 at 10:12 pm
Olympic rental market swamped with homes
The Olympic dream for many in B.C.’s Lower Mainland has little to do with sporting events or who makes it to the podium. They’re hoping to rake in the gold by renting out their homes to tourists coming to the 2010 Games.
But it’s not working out that way for everyone trying to take advantage of the opportunity. It appears the Olympic rental market has slowed to a crawl.
http://www.cbc.ca/canada/briti.....owing.html
November 3rd, 2009 at 10:05 pm
@Anonymous: Yes exactly, Ozzie was saying we have 4% unemployment in Vancouver. That’s the BS. BTW its over 8% out in the Fraser Valley. So its even higher than 7.2% if you include all of Metro Vancouver.
The point bears are making is unemployment is rising rapidly this year. And I don’t see any hope for a better year in 2010, after the Owelympics.
November 3rd, 2009 at 9:25 pm
#58 that should say 6.1% in 2008 and average of 8.7% since 1976. So we are a bit below the historic norm just to put some actual facts on the table.
http://www.stats.gov.nl.ca/sta.....e_7608.pdf
November 3rd, 2009 at 9:21 pm
To the point above the current unemployment rate in Vancouver is 7.2%
http://srv129.services.gc.ca/e.....period=249
A bit above the historic norm of 6.1% for Canada but not really a big deal.
http://www4.hrsdc.gc.ca/.3ndic.....jsp?iid=16
To listen to this blog you’d think that the sky was falling but Vancouver has weathered this storm really well so far.
November 3rd, 2009 at 9:16 pm
#49 4% is commonly regarded as frictional unemployment which is the lowest level of unemployment possible in a properly functioning economy.
If it gets lower than that things have gone off the rails. Ozzy is correct on this one
http://www.investopedia.com/te.....oyment.asp
November 3rd, 2009 at 9:01 pm
@other ted: I agree that the whole corporate system is corrupt. As I understand it, the the CEO operated within the law and basically “gamed the system”.
I think the whole upper management pay thing stinks. We keep hearing the “well if you don’t pay, you don’t get the top talent”. Two things really make me mad about about that statement.
First thing is, the “top talent” shares a lot of responsibility for this mess. They were supposed to be smart enough not to make stupid loans to the average joe (aka the unwashed masses). It also wasn’t just the financial cats that had a “lapse of judgement”. I work in the oil and gas sector, and when oil was touching $150 a barrel, upper management was falling over themselves expanding at any cost. “it’s different this time”, “China and India”, “$200 any day now”. I remember thinking that this was unsustainable when I was working on an oil shale project (talk about a dirty, nasty, expensive process). If this was economical something was wrong (because there’s lots of shale).
The second thing is, whatever happened to doing a job that you are good at and enjoy? I’m willing to bet that everyone on this blog has worked with peers who were mediocre or just plain bad. Do you run to your boss and say “I need a raise right now because even though George over there has the same number of years of experience as I do, I’m better than him…in fact, he’s not very good at all…I’m twice as productive, so you should pay me twice as much”? I mean, it’s understood that a nurse makes about x$’s, an engineer makes about y$’s, and so on. You do the best job you can as part of your job satisfaction. I think the CEO’s have set off a financial arms race (between themselves), and really enriched themselves at everyone elses expense. Who needs a union when you have that kind of dynamic working for you?
I think the average child is more mature. Most parents teach their kids the concept sharing and not being greedy. I think most of them would understand that even though George isn’t as good as them, he has a family to feed.
November 3rd, 2009 at 8:11 pm
Stats Canada actually publishes -for a fee- alternate unemployment rates:
R1 – unemployed 1 year or more
R2 – unemployed 3 months or more
R3 – comparable to the United States rate
R4 – official rate
R5 – plus discouraged searchers
R6 – plus waiting group (recall, replies, long-term future starts)
R7 – plus involuntary part-timers (in full-time equivalents)
R8 – plus discouraged searchers, waiting group, portion of involuntary part-timers
http://cansim2.statcan.gc.ca/c.....Id=2820085
November 3rd, 2009 at 7:48 pm
On the topic of unemployment stats the number of jobs may not reflect what is going on in the employment market.
“most of the decline in employment quality was concentrated in western Canada, with British Columbia seeing the largest drop at eight per cent. ”
http://tinyurl.com/yf9zznx
November 3rd, 2009 at 7:29 pm
@No Longer Looking:
What’s the lie? Let’s say my wife goes on mat leave and collects EI. As far as I understand, that gets counted in unemployment numbers.
That said, the unemployment rate doesn’t measure underemployment where skilled people aren’t using their full potential. Obviously, that goes up in and after a recession as well.
November 3rd, 2009 at 7:18 pm
Wilbur Ross Sees ‘Huge’ Commercial Real Estate Crash
“All of the components of real estate value are going in the wrong direction simultaneously,” said Ross, one of nine money managers participating in a government program to remove toxic assets from bank balance sheets.
November 3rd, 2009 at 7:00 pm
“And the announcer just grinned and nodded.”
Oh. That must have been Deb Hope.