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.

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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.

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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.

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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.

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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

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http://en.wikipedia.org/wiki/Housing_bubble#Real_…

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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

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http://www.calculatedriskblog.com/2009/11/house-p…

It is not different here.

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The Georgia Straight article you mention is archived/linked here:
http://vreaa.wordpress.com/2009/11/13/personal-gr…

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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.

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