Why would supraboy worry about silly things likeath, logic and economics? Didn’t you know everyone wants to move to Vancouver because you have canada’s largest population of lady boys?

I mean come on. Van and Richmond streets are crammed with Mercedes and bmws filled with fat German tourists looking for some of that sweet lady boy action. Why do you think supra and his friends hit Earl ‘s and Cactus on Fridays? They get all dolled up and sit giggling in a booth, hoping some rich European tourist will sweep them off their feet.

Hey, it certainly explians a lot of his insider knowledge when you think about it.

Current score: 5 (to vote for this comment, please visit the site)

Yes yes Supraboy, if you know the market so well where’s your Data? Growth models? Comparative markets? Any economics model that actually suggests these prices are sustainable?

Nothing?

I thought as much.

So, here’s a little free advice;

When, in a debate one side is clearly right and the other clearly wrong (ie not a debate on moral issues but one on substantive issues, such as real-estate markets) but it is not obvious which side is right there is an easy way to tell which is right.

Listen to the arguments coming from each side. Does one side provide logic, science, mathematics and/or factual data while the other side provides only FALLACIES?

If so the correct answer in 99+% of cases will be the side of the argument with an actual substantive argument.

For additional certainty, follow the money trail, is the side arguing without many facts also getting money for their arguments?

This logic also works for the Global Climate change “debate”. Not that, as with Vancouver real estate, there’s any ACTUAL debate, again, one side providing hard scientific data, the other a bunch of gibberish disguised as a cogent argument.

Current score: 1 (to vote for this comment, please visit the site)

There’s a massive discussion forum for the canada line at skyscraper page forum anyway. Plus a good dose of bullishness.

Re: young pharmacists – yes, good high pay in the beginning. Anyone know the rate of rise?
I wouldn’t be surprised if half the fresh grads didnt have student loans either.

Current score: 0 (to vote for this comment, please visit the site)

Not true. There is a ‘made in Korea’ plate on the inside of the cars on the end wall. I noticed this because I had assumed they were built by Bombardier, and was a little surprised to see Korea there.

Current score: 2 (to vote for this comment, please visit the site)

Australian property bubble
British property bubble
Bulgarian property bubble
Danish property bubble
Dubai housing bubble
Indian property bubble
Irish property bubble
Japanese asset price bubble
Polish property bubble
Romanian property bubble
South Korean property bubble
Spanish property bubble
United States housing bubble

Current score: 0 (to vote for this comment, please visit the site)

http://en.wikipedia.org/wiki/H....._the_2000s

Current score: 0 (to vote for this comment, please visit the site)

Re: Canada Line

Sorry….it uses a technology that most of the world chose not to use.

You are confusing the Canada Line with the Skytrain, which is a proprietary system which only a few cities use.

The Canada Line cars are of generic design. In fact, the cars don’t even have any manufacturer’s nameplates, contrary to usual practice – no-name transit. Were they trying to hide something? This piqued my curiosity, so after a little digging I found that the cars for the “Canada” Line were in fact made in…

Korea.

http://en.wikipedia.org/wiki/Canada_Line

Current score: 1 (to vote for this comment, please visit the site)

http://www.calculatedriskblog......-rent.html

It is not different here.

Current score: 2 (to vote for this comment, please visit the site)

Current score: 0 (to vote for this comment, please visit the site)

“Incompetent” doesn’t begin to describe it.

Current score: 6 (to vote for this comment, please visit the site)

Current score: 3 (to vote for this comment, please visit the site)

Current score: 2 (to vote for this comment, please visit the site)

That is your self fulfilling fantasy of a blowoff top. At least it makes you happy. Too bad reality does not match your fantasy as property prices will continue to rise.

Current score: -10 (to vote for this comment, please visit the site)

Ultimately, there will come a point when FTB’s will compare what they can get by buying versus renting and it will be clear to most people renting is the better value given all the downside risks to buying at peak prices.

Since the market liquidity depends on FTB, the market will either correct downwards (even if rates stay low) or we will have to create a subsubprime market and tap into ever so more precarious tranches of low quality borrowers with the backing of CMHC.

Current score: 5 (to vote for this comment, please visit the site)

Cater for your customers, many of whom are from countries where english and french aren’t spoken…

It makes sense to have such announcements and signs in multiple languages – especially those of major tourist groups.

Current score: -4 (to vote for this comment, please visit the site)

As it should be. It should only be in English and French, as they are the two official languages. You head down a slippery slope when you put signage and communiques into other languages, as it diminishes the incentive to learn and/or speak the language of the country.

Besides, English is the international language if you are worried about catering to those arriving from the airport…

So, for once in this PC city, I think the planners did something right.

Current score: 9 (to vote for this comment, please visit the site)

Current score: 0 (to vote for this comment, please visit the site)

Current score: -4 (to vote for this comment, please visit the site)

Did ya see the story in the SUN a few eeks ago of a 24 year old pharmacist that bought a $500,000 condo.

WTF? ———————————————

Not that I am in any way defending this lunacy, but a 24 yo Pharmacy grad could be earning, say, 80k. Kick in no loans (mum and dad funded, there are lots of these kids), and a 100k DP pressie from mum and day, and you are left with 400k on 80k = 5x salary. While I would never do that, many would. Lunacy, but it has a certain perverse logic to it.

Current score: 6 (to vote for this comment, please visit the site)

As for the ridership stats, I have serious doubts about that. I have seen Canada Line employees doing counting at Granville and Broadway stations in afternoon peak hours around 5:30PM about twice. However I’ve never seen them doing it at other stations and at other times. So if they simply multiply the number of passengers entering the station at that time by 2 (for inbound and outbound) and then by the number of hours they operate then sure, it might be 80K. But I seriously doubt that number given how infrequently they are doing the sampling.

I did a rough calculation my way. Each train has 2 cars. Each car has seating for 40 people for a total of 80 seats. I assume the trains can hold twice that number for standing passengers. So that about 240 passengers per train. Now granted I know the max passenger number is like 350 or something, might be possible in Asia where the average person is skinnier and you can pack them in like sardines but I don’t think so here. However let’s just use 300. Now the train operates from 5AM to like 2AM for 22 hours/day. So to have 80K passengers means that we must have around 80000/300 = 267 full jam packed train every day. Is that possible, maybe but I doubt it since outside of rush hour, the train is carring only about 100 people.

oh one more thing, if this system is supposed to provide rapid transit for decades to come with our growing population (because again everyone is just dying to move to Vancouver & Richmond), how the hell do you upgrade this system!?!? The station can’t accommodate longer trains without additional construction work for longer platforms. You can construct the longer platforms without digging up the streets and shutting down at least 1/2 of the tracks for each station. Given the typical Vancouver construction method, chances are any station upgrades will be done by shutting down the entire line, digging up the street and upgrade the station one at a time. Probably right when we have another bus shortage! Ok maybe we can increase the train frequency to maybe 2 minutes during rush hour which doubles the line’s capacity. But that’s about as far as you can go.

Current score: 3 (to vote for this comment, please visit the site)

Current score: -6 (to vote for this comment, please visit the site)

Sorry….it uses a technology that most of the world chose not to use. Whoop- de -doo re the ridership….one can pick any number and make it self fulfilling.

Obviously the taxpayer is on the hook to subisidize its losses for years to come.

The MAIN thing is a taxpayer subsidy to developers so that hi-density can be built along the line and displace existing zonings(commercial and industrial)….small business will suffer and die off. After casinos, the DCC’s and high property taxes these ” stroke of a pen ” zoning changes garner local gov’ts massive revenue is like an ATM machine.

Current score: -2 (to vote for this comment, please visit the site)

Just like conveniently taking care of the homeless as Olympics coincidentally shows up….all BAD NEWS stories (such as EI stats and future homeless) will be buried , hidden , ignored etc.

Current score: 0 (to vote for this comment, please visit the site)

Yes you are correct,….. it was the GS.
One has to assume this 24 year old pharmacist has student loans etc. to pay off…no mention of a spouse,…so again, WTF? Is this the norm ?

eeks !!!

Current score: 4 (to vote for this comment, please visit the site)

It looks like there is a big hidden problem with the governments reporting of the facts.

Current score: 13 (to vote for this comment, please visit the site)