Comments on: Friday Free-for-all! http://vancouvercondo.info/2010/03/friday-free-for-all-104.html Bubble? What Bubble? Thu, 09 Feb 2012 02:23:00 +0000 hourly 1 By: No Longer Looking http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66501 No Longer Looking Mon, 15 Mar 2010 19:11:13 +0000 http://vancouvercondo.info/?p=1793#comment-66501 Vancouver home resales decline rapidly MOM while they're flat or growing in most of the rest of Canada. http://www.vancouversun.com/business/Home+resales+decline+February+with+biggest+drop+Vancouver/2684675/story.html We have hit the ceiling and are bouncing off.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66501">2</span> <small>(to vote for this comment, please visit the site)</small></p> Vancouver home resales decline rapidly MOM while they’re flat or growing in most of the rest of Canada.

http://www.vancouversun.com/bu.....story.html

We have hit the ceiling and are bouncing off.

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

]]> By: onehorse http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66491 onehorse Mon, 15 Mar 2010 18:12:53 +0000 http://vancouvercondo.info/?p=1793#comment-66491 Yes, that's right nutslaps! In the city's real estate prices and fundamental imbalance. No matter what Dave said that wages have not kept pace with inflation. Rent may rise, but not in the same order of magnitude, renewable energy prices. Now buy a house is a brick tied to the ball, shut it down buildings. onehorse said: "Now purchase, you are a fool"<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66491">0</span> <small>(to vote for this comment, please visit the site)</small></p> Yes, that’s right nutslaps! In the city’s real estate prices and fundamental imbalance. No matter what Dave said that wages have not kept pace with inflation. Rent may rise, but not in the same order of magnitude, renewable energy prices. Now buy a house is a brick tied to the ball, shut it down buildings. onehorse said: “Now purchase, you are a fool”

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

]]> By: vreaa http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66480 vreaa Mon, 15 Mar 2010 14:10:05 +0000 http://vancouvercondo.info/?p=1793#comment-66480 @<a href="#comment-66468" rel="nofollow">superduperbulltime</a>: "It’s clear to me that bear despondency has peaked." --- The frothing at the mouth bulls really have no understanding of markets. When the bears are despondent or even capitulate, the bulls should get scared of a market top, but they see it as some sort of victory. --- PS Good posts re the central importance of housing in our economy, bubbly, thanks. It's sick! The cure will be painful.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66480">1</span> <small>(to vote for this comment, please visit the site)</small></p> @superduperbulltime: “It’s clear to me that bear despondency has peaked.”

—
The frothing at the mouth bulls really have no understanding of markets.
When the bears are despondent or even capitulate, the bulls should get scared of a market top, but they see it as some sort of victory.

—
PS Good posts re the central importance of housing in our economy, bubbly, thanks. It’s sick! The cure will be painful.

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

]]> By: rp http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66472 rp Mon, 15 Mar 2010 07:39:18 +0000 http://vancouvercondo.info/?p=1793#comment-66472 @<a href="#comment-66468" rel="nofollow">superduperbulltime</a>: Despondency? This is downright entertaining now. At first I was very amused, then I was concerned, then I was very concerned, but now I'm watching it all with great interest. How high can it go, I wonder? This is better than the Olympics. If a Vancouver special hits $10M I will smile and cheer it on. You really can't change anyone's mind at this point. Everything has been said. People are going to do what they're going to do, myself included, and for that our fates are sealed. I'm simply here for the spectacle now. I think this is the biggest housing bubble in the western world, and like the Olympics, I don't think Vancouver will disappoint. So here's to a great 2010. Let us hold no grudges nor say I told you so if such a time should come. I wish everyone good health.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66472">16</span> <small>(to vote for this comment, please visit the site)</small></p> @superduperbulltime: Despondency? This is downright entertaining now. At first I was very amused, then I was concerned, then I was very concerned, but now I’m watching it all with great interest. How high can it go, I wonder? This is better than the Olympics.

If a Vancouver special hits $10M I will smile and cheer it on. You really can’t change anyone’s mind at this point. Everything has been said. People are going to do what they’re going to do, myself included, and for that our fates are sealed. I’m simply here for the spectacle now. I think this is the biggest housing bubble in the western world, and like the Olympics, I don’t think Vancouver will disappoint.

So here’s to a great 2010. Let us hold no grudges nor say I told you so if such a time should come. I wish everyone good health.

Current score: 16 (to vote for this comment, please visit the site)

]]> By: superduperbulltime http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66468 superduperbulltime Mon, 15 Mar 2010 04:17:03 +0000 http://vancouvercondo.info/?p=1793#comment-66468 It's clear to me that bear despondency has peaked. How could it not? The real estate market continues to go up at a rapid pace and they've lost their chance forever.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66468">-25</span> <small>(to vote for this comment, please visit the site)</small></p> It’s clear to me that bear despondency has peaked. How could it not? The real estate market continues to go up at a rapid pace and they’ve lost their chance forever.

Current score: -25 (to vote for this comment, please visit the site)

]]> By: Mark Downs http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66466 Mark Downs Mon, 15 Mar 2010 03:36:08 +0000 http://vancouvercondo.info/?p=1793#comment-66466 Check out this old NFB documentary: CMHC deals with blight in the downtown eastside... in 1964! http://www.youtube.com/watch?v=A2xdYUk4iAY<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66466">4</span> <small>(to vote for this comment, please visit the site)</small></p> Check out this old NFB documentary: CMHC deals with blight in the downtown eastside… in 1964!

http://www.youtube.com/watch?v=A2xdYUk4iAY

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

]]> By: Drachen http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66464 Drachen Mon, 15 Mar 2010 01:11:30 +0000 http://vancouvercondo.info/?p=1793#comment-66464 @<a href="#comment-66461" rel="nofollow">observer</a>: It's turning now. Inventory is the leading indicator and it's even more traumatic than '08. In 08 prices stopped rising in early spring I believe.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66464">7</span> <small>(to vote for this comment, please visit the site)</small></p> @observer:

It’s turning now. Inventory is the leading indicator and it’s even more traumatic than ’08.

In 08 prices stopped rising in early spring I believe.

Current score: 7 (to vote for this comment, please visit the site)

]]> By: domus http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66463 domus Mon, 15 Mar 2010 00:23:53 +0000 http://vancouvercondo.info/?p=1793#comment-66463 Thanks bubbly 67, excellent post. @<a href="#comment-66462" rel="nofollow">bubbly</a> I guess it is the voting baby-boomers who might be having a disproportionate gradient on politicians. Who knows. But it is true: unaffordable home prices are seen as a success (sic!) rather than a serious problem. It is insanity, but it is still going on.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66463">6</span> <small>(to vote for this comment, please visit the site)</small></p> Thanks bubbly 67, excellent post.

@bubbly

I guess it is the voting baby-boomers who might be having a disproportionate gradient on politicians. Who knows.
But it is true: unaffordable home prices are seen as a success (sic!) rather than a serious problem.
It is insanity, but it is still going on.

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

]]> By: bubbly http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66462 bubbly Sun, 14 Mar 2010 23:28:43 +0000 http://vancouvercondo.info/?p=1793#comment-66462 Inspiration for Canadians: http://www.keenwalk.com.au/ <blockquote> [A] protest about the manner in which keeping property prices high has come to dominate economic policy in Australia. </blockquote> Similarly, in Canada, the whole economy is now dominated by housing. High real estate prices are a priority for our governments (both, liberal and conservative) and record unaffordability is considered a success, while any decline in home prices would be considered a catastrophe. Pure insanity.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66462">22</span> <small>(to vote for this comment, please visit the site)</small></p> Inspiration for Canadians: http://www.keenwalk.com.au/

[A] protest about the manner in which keeping property prices high has come to dominate economic policy in Australia.

Similarly, in Canada, the whole economy is now dominated by housing. High real estate prices are a priority for our governments (both, liberal and conservative) and record unaffordability is considered a success, while any decline in home prices would be considered a catastrophe.
Pure insanity.

Current score: 22 (to vote for this comment, please visit the site)

]]> By: observer http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66461 observer Sun, 14 Mar 2010 22:41:40 +0000 http://vancouvercondo.info/?p=1793#comment-66461 Anyone want to call how high the next peak will be before the downturn? I guess that it cannot be more than 25% above the trough price in 2008 because this is the maximum of what the interest rate stimulus can provide. It is more likely to be less than that because of lingering negative macroeconomic forces. So we are pretty close to the ceiling now.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66461">3</span> <small>(to vote for this comment, please visit the site)</small></p> Anyone want to call how high the next peak will be before the downturn? I guess that it cannot be more than 25% above the trough price in 2008 because this is the maximum of what the interest rate stimulus can provide. It is more likely to be less than that because of lingering negative macroeconomic forces. So we are pretty close to the ceiling now.

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

]]> By: horrible_realtor http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66460 horrible_realtor Sun, 14 Mar 2010 21:28:33 +0000 http://vancouvercondo.info/?p=1793#comment-66460 What I'm seeing now in the market is a increasing frenzy of activity. Buyers are excited post olympics and inventory is finally coming on line. I had clients who were here for the olympics who bought a condo btw. Lots of activity out there and I think prices are about to explode into a huge upward spiral formation.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66460">-23</span> <small>(to vote for this comment, please visit the site)</small></p> What I’m seeing now in the market is a increasing frenzy of activity. Buyers are excited post olympics and inventory is finally coming on line. I had clients who were here for the olympics who bought a condo btw. Lots of activity out there and I think prices are about to explode into a huge upward spiral formation.

Current score: -23 (to vote for this comment, please visit the site)

]]> By: DEFAULT NAME http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66459 DEFAULT NAME Sun, 14 Mar 2010 21:13:12 +0000 http://vancouvercondo.info/?p=1793#comment-66459 China power<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66459">-19</span> <small>(to vote for this comment, please visit the site)</small></p> China power

Current score: -19 (to vote for this comment, please visit the site)

]]> By: Best place on meth http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66458 Best place on meth Sun, 14 Mar 2010 21:12:57 +0000 http://vancouvercondo.info/?p=1793#comment-66458 @<a href="#comment-66436" rel="nofollow">No Longer Looking</a>: >>>I was just saying to the wife the other day that the one thing this town could use is another casino<<< And real estate promoters. This town desperately needs more real estate promoters. http://www.youtube.com/watch?v=gL-4hyd6nLQ&feature=related http://www.youtube.com/watch?v=e6DbadXSOFM http://www.youtube.com/watch?v=37d0iampDqU http://www.youtube.com/watch?v=CZZGXxyMsTo<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66458">4</span> <small>(to vote for this comment, please visit the site)</small></p> @No Longer Looking:

>>>I was just saying to the wife the other day that the one thing this town could use is another casino<<<

And real estate promoters. This town desperately needs more real estate promoters.

http://www.youtube.com/watch?v.....re=related

http://www.youtube.com/watch?v=e6DbadXSOFM

http://www.youtube.com/watch?v=37d0iampDqU

http://www.youtube.com/watch?v=CZZGXxyMsTo

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

]]> By: bubbly http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66457 bubbly Sun, 14 Mar 2010 21:10:47 +0000 http://vancouvercondo.info/?p=1793#comment-66457 Yesterday, in a bus, I overheard the bus driver giving a passenger advice about high end condos in Coal Harbour. This is a proof that we are not in a bubble, because only the expert insiders are talking real estate. The prices should go another 25% higher in 2010.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66457">32</span> <small>(to vote for this comment, please visit the site)</small></p> Yesterday, in a bus, I overheard the bus driver giving a passenger advice about high end condos in Coal Harbour. This is a proof that we are not in a bubble, because only the expert insiders are talking real estate. The prices should go another 25% higher in 2010.

Current score: 32 (to vote for this comment, please visit the site)

]]> By: realpaul http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66454 realpaul Sun, 14 Mar 2010 19:38:40 +0000 http://vancouvercondo.info/?p=1793#comment-66454 "Intrest rates expected to rise in Canada well before the US" http://www.vancouversun.com/business/Dollar+hits+high+positive+jobs+data/2680263/story.html<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66454">6</span> <small>(to vote for this comment, please visit the site)</small></p> “Intrest rates expected to rise in Canada well before the US”

http://www.vancouversun.com/bu.....story.html

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

]]> By: jesse http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66453 jesse Sun, 14 Mar 2010 18:36:58 +0000 http://vancouvercondo.info/?p=1793#comment-66453 Isn't this casino replacing the Edgewater casino? It also brings lots of parking. Odd, considering how the city council purports to promote transit by increasing parking fees and reducing available parking spots. Money talks, apparently.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66453">1</span> <small>(to vote for this comment, please visit the site)</small></p> Isn’t this casino replacing the Edgewater casino? It also brings lots of parking. Odd, considering how the city council purports to promote transit by increasing parking fees and reducing available parking spots. Money talks, apparently.

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

]]> By: Drachen http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66452 Drachen Sun, 14 Mar 2010 17:21:33 +0000 http://vancouvercondo.info/?p=1793#comment-66452 @<a href="#comment-66443" rel="nofollow">Best place on meth</a>: "Terrible week for the cheerleaders as listings explode." I'm not too sure how much you can read into that Meth. I think the Olympics put a dent in listings and now they're just catching up for lost time. It may or may not prove significant. It is nice to note that sales haven't picked up, post-Olympics but that may just be because they lag a week or two. Still, the trend is better for a crash than 2008 when only a hail mary pass by the government saved the Real Estate bacon.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66452">1</span> <small>(to vote for this comment, please visit the site)</small></p> @Best place on meth:

“Terrible week for the cheerleaders as listings explode.”

I’m not too sure how much you can read into that Meth. I think the Olympics put a dent in listings and now they’re just catching up for lost time.

It may or may not prove significant.

It is nice to note that sales haven’t picked up, post-Olympics but that may just be because they lag a week or two.

Still, the trend is better for a crash than 2008 when only a hail mary pass by the government saved the Real Estate bacon.

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

]]> By: vreaa http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66451 vreaa Sun, 14 Mar 2010 16:52:52 +0000 http://vancouvercondo.info/?p=1793#comment-66451 Because, a New Casino is worth getting one's knickers in a twist about - This is representative of the kind of BS 'economy' that this city is running on. It's the equivalent of whoring the whole place away; of an engine running on fumes. What's next, a scheme whereby we use some of our taxes to buy lottery tickets? I suspect that many of the powers-that-be in this city have secretly accepted that the only way forward is via tourism and entertainment; that they've given up on us ever being a base for truly productive industry.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66451">20</span> <small>(to vote for this comment, please visit the site)</small></p> Because, a New Casino is worth getting one’s knickers in a twist about -
This is representative of the kind of BS ‘economy’ that this city is running on.
It’s the equivalent of whoring the whole place away; of an engine running on fumes.
What’s next, a scheme whereby we use some of our taxes to buy lottery tickets?
I suspect that many of the powers-that-be in this city have secretly accepted that the only way forward is via tourism and entertainment; that they’ve given up on us ever being a base for truly productive industry.

Current score: 20 (to vote for this comment, please visit the site)

]]> By: DEFAULT NAME http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66450 DEFAULT NAME Sun, 14 Mar 2010 16:35:08 +0000 http://vancouvercondo.info/?p=1793#comment-66450 Why are all you getting your knickers in a twist over the casino by BC Place? It will just replace the one that is there already. Like that is news. Give it a rest. You guys must be getting really ancy just waiting for something to happen with RE.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66450">3</span> <small>(to vote for this comment, please visit the site)</small></p> Why are all you getting your knickers in a twist over the casino by BC Place? It will just replace the one that is there already. Like that is news. Give it a rest. You guys must be getting really ancy just waiting for something to happen with RE.

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

]]> By: girlbear http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66449 girlbear Sun, 14 Mar 2010 16:01:15 +0000 http://vancouvercondo.info/?p=1793#comment-66449 Does anyone know if this BC Place Casino BS needs to be voted on before it can go through????? Jeeeez...Vancouver = HQ for gambling, drugs, prostitution...WORLD CLASS CITY ALRIGHT !<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66449">7</span> <small>(to vote for this comment, please visit the site)</small></p> Does anyone know if this BC Place Casino BS needs to be voted on before it can go through?????

Jeeeez…Vancouver = HQ for gambling, drugs, prostitution…WORLD CLASS CITY ALRIGHT !

Current score: 7 (to vote for this comment, please visit the site)

]]> By: vreaa http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66448 vreaa Sun, 14 Mar 2010 14:34:47 +0000 http://vancouvercondo.info/?p=1793#comment-66448 The Trials Of Trying To Trade Your Vancouver Home For Profit http://wp.me/pcq1o-AU An anecdote from 'badkitty' at greaterfool.ca, with discussion from vreaa.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66448">0</span> <small>(to vote for this comment, please visit the site)</small></p> The Trials Of Trying To Trade Your Vancouver Home For Profit

http://wp.me/pcq1o-AU

An anecdote from ‘badkitty’ at greaterfool.ca, with discussion from vreaa.

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

]]> By: Best place on meth http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66445 Best place on meth Sun, 14 Mar 2010 10:26:52 +0000 http://vancouvercondo.info/?p=1793#comment-66445 Yet another great forum to learn about the fabulous future of Vancouver real estate. It's the RICH DOUCHE, POOR DOUCHE GUY! http://rdcr-van.localspecific.com/ Hooray! Let's sign up and go see what Donald Trump's newest BFF has to say about throwing our money away on overpriced crap.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66445">3</span> <small>(to vote for this comment, please visit the site)</small></p> Yet another great forum to learn about the fabulous future of Vancouver real estate.

It’s the RICH DOUCHE, POOR DOUCHE GUY!

http://rdcr-van.localspecific.com/

Hooray! Let’s sign up and go see what Donald Trump’s newest BFF has to say about throwing our money away on overpriced crap.

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

]]> By: rp http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66444 rp Sun, 14 Mar 2010 09:48:07 +0000 http://vancouvercondo.info/?p=1793#comment-66444 Of course listings exploded - it's March. The only question is whether sales pick up, and we really won't know that until late April or May.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66444">0</span> <small>(to vote for this comment, please visit the site)</small></p> Of course listings exploded – it’s March. The only question is whether sales pick up, and we really won’t know that until late April or May.

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

]]> By: Best place on meth http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66443 Best place on meth Sun, 14 Mar 2010 09:21:19 +0000 http://vancouvercondo.info/?p=1793#comment-66443 Terrible week for the cheerleaders as listings explode. http://agentwill.com/weekly-stats/<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66443">13</span> <small>(to vote for this comment, please visit the site)</small></p> Terrible week for the cheerleaders as listings explode.

http://agentwill.com/weekly-stats/

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

]]> By: other ted http://vancouvercondo.info/2010/03/friday-free-for-all-104.html#comment-66441 other ted Sun, 14 Mar 2010 08:12:20 +0000 http://vancouvercondo.info/?p=1793#comment-66441 Paralympics is under way. More exposure for vancouver. hope this doesnt cause another price spike in real estate. All those paralymians will realize vancouver is the best place on earth and will buy up more real estate.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-66441">5</span> <small>(to vote for this comment, please visit the site)</small></p> Paralympics is under way. More exposure for vancouver. hope this doesnt cause another price spike in real estate. All those paralymians will realize vancouver is the best place on earth and will buy up more real estate.

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

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