@realpaul:

realpaul – The big bonuses ICBC officials get from having the surplus goes to upper management and basically every manager or supervisor in a non-union position. ICBC is management top heavy. There is one manager for every 8-10 employees. Most employees are fully qualified and dont need to be micromanaged.

The union employees do not get bonuses whatsoever and do not get wage increases and havent recieved one in the past 20 years. Even thought they are overworked.

I feel that public auto insurance and the money should go back to the policy holders – the hardworking people of British Columbia.

Its upsetting that our money is going into the pockets of Gordo Campbell and the BC liberals. Why not, he just threw a huge party for the world and kept spending our money.

Now that the deflection to arguing about 'real' vs 'constant' rather than the actual data Dave posted is complete (nicely done Dave) I have a couple of follow up questions.

Your data supporting the growth of manufacturing stops in 2002. What would a graph of real estate in 'constant' or real dollars from 1990-2002 look like?

How well does that time series correlate with the same data for the period from 2002-2010?

I'm not sure what exactly 'manufactruing encompasses? Would it, for example, include the performance of semiconductor company with head offices in Metro Vancouver? If so, how has PMC-Sierra' stock price performed since 2002.

Thanks in advance

@chilled: Apparently negative returns on investment are also allowed, such that a -30% return is better than a -50% return. So it makes sense after all and is consistent with the blog's groupthink. Just vote for whatever region has the least devastating loss. Wait a minute, it just now occurred to me that, with this post, the Pope may be trying to "reach out to all humanity" and give people like Dave something to vote for. Well, it's a theory.

Laud speaker, loud speaker
Is that the same guy or are their two dimwits with almost the same name. I have noticed browntown, loudspeaker's and SATV all sound the same.

I can’t wait til this bubble starts to burst if only to be able to smack that smugness from Dave’s face. What baffles me is how Dave can make a prediction of soft landing,multiple offers this spring.
At least the bears have the reality of the world housing crisis. Virtually in our own backyard there is chaos. All the bulls have is it’s different here blah blah blah. Bubbles are nothing new and there are bubbles deflating all over the world as we speak.

@bestplaceonmeth: Thanks to give me break what i have to do here? Nothing? What has change here so far? 37 same troll calling crash! crash! crash! to make themself fool.I think i can sit back and relax because you don't even understand my english then what about the english you know since decade on the blogs.Is that really helpful? then you don't even know that listings are to buy and sell(baaa)keep on counting month over month and Y/O/Y.Keep on watching rebgv stats unless you get tired and sick of it.

bye..bye…fools,eh.

@Chilled: We like to mix it up 😀

8
X taylor192 Says:

March 4th, 2010 at 10:34 am

Since moving here I haven’t visiting Surrey cause I have no reason to. Judging by the traffic over the bridges I assume Surrey is just another sprawling suburb people commute from.

What’s out there besides a sprawling suburb? Is there industry? tech? manufacturing? financial? …?
++++++++++++
Grow ops and the heart of BC’s organized crime industry. THE biggest industry in the province.

Man oh man @bestplaceonmethYou knows nothing about the key points for appreciation or crash.I am just wondering how would you bring crash here without knowledge of key points. 2008 listing peak was at 21,900. 2009 peak of listing at 15,900. 2010 started from only 5,000 or so listings You think Remax scare people into buying more real estate so they make more money.What about larry? Isn't he trying to encourage sellers to bring in more listings? If you have a difference with remax you must keep those words upto larry after all they are realtors,Nope? Regarding Sellers and interest rates you say:What the fuck does that mean, Yoda? That's mean…… 1.If any owner want to sell their property they most likely to lose low interest deal which they will never get back again. 2.They also need to pay almost three… Read more »

How can a blog that rails against the high cost of real estate, due to speculators with flippers even consider;

"Which BC market will see the best percentage return between Feb 2010 and Jan 2011?"

as a blog topic? Am I missing something here?

Dave
Your ego wreaks of arrogance and ignorance. You really think that your opinion means anything on this blog. Go sell your bunk somewhere else nobody is buying it here. You demand people back up their facts and it's just fine that you pull them out of your ass. Soft landing that's what the general consensus of lesser morons think. Sorry Dave you better fasten your seatbelt it's about to get real bumpy.

@bestplaceonmeth: Your post did not show total numbers of listing maybe Larry don't want to hurt that bear inside you.

Key facts for Vancouverboom2

There were 15,995. mls listings in April 2009 while prices were going up constantly,according to recent report by re-max supply is very tight and why not?

Why sellers have to break low interest rates deal to pass it to new buyers?

Aren't they going to drink it till last sip?

So sit tight until US housing market show some improvements.

71 Dave

Sweet…more inventory! That bodes well for bears…

@Boombust: San Francisco