Discussion seems to be getting heated around here, and people seem to want to talk about a number of different topics, so I’ve rebuilt the forums. If you have a VCI user account, you’ll be able to post topics and take part in the discussion there. There’s a link to the forum at the top of the blog pages, and recent forum posts will show up in the upper right hand corner of the blog.
As always feedback is welcome.
on Big banks facing home credit riskIt appears that a lot of people on this blog, do believe you can be a little bit pregnant. on Big banks facing home credit riskIf the amount of sub prime loans the Americans made were half - would that mean that the crash would on Big banks facing home credit riskwell, take their rating with a grain of salt. remember how they rated their own? 
on Big banks facing home credit riskIt should be obvious bank balance sheets will be impaired to some degree if housing prices fall, but it will on The story submission page is back!submission... [...]Vancouver Condo Info » The story submission page is back! » Vancouver Condo Info[...]... 
March 11th, 2010 at 12:42 pm
Inventory
How about some commentary on the numbers you post. What areas? What is the significance? Nobody can draw any conclusions from them now…
March 11th, 2010 at 9:54 am
@Vansanity: Don't worry, things will stay as they are on the board – the forum is another option, not a replacement for the blog. You're free to ignore it.
I still think it will be useful. VHB has started a thread with Inventory's listing numbers, and starving artist has graphed those numbers. So now there's a thread that tracks the listing numbers and includes a graph (because you can upload images to your forum comments unlike the blog).
So now that information is in one place that can be updated and found easier than searching back through thousands of comments.
“All the couples I know who bought in the past 4 years overextended themselves, and are going through very hard times. The stress burden on a family is huge.” « Vancouver Real Estate Anecdote Archive Says:
March 11th, 2010 at 7:09 am
[...] Anonymous at vancouvercondo.info 10 Mar 2010 2:27 pm – [...]
“I’ve spent a lot of time convincing my fiancée that it is a horrible time to buy. She agrees, but is becoming discouraged.” « Vancouver Real Estate Anecdote Archive Says:
March 11th, 2010 at 6:59 am
[...] March 2010 · Leave a Comment Human778 at vancouvercondo.info 10 Mar 2010 12:23 pm [...]
Bull Hubris?… Or Appropriate Owner Confidence?: “Fundamentals don’t apply to Vancouver. Real estate has detached itself from economic reality long ago. It has reached escape velocity to break away from economic gravity. It is a beautiful case study. Says:
March 11th, 2010 at 6:55 am
[...] Alum at vancouvercondo.info 10 Mar 2010 9:34 am – “Go Vancouver RE……Go….!” [a reference to Olympic cheerleading; possibly intended as sarcasm; representative of current bullish sentiment and belief nonetheless] [...]
March 11th, 2010 at 2:26 am
@Human778:
No better example than Tim Geithner's house. This is 1/2 hour from Manhatten and is in a area comparable to Kerrisdale/Shaughnessey (although outside NYC itself – remember the metro has almost 1/2 the population of Canada).
http://www.cnbc.com/id/31086616
Geithner has been unable to sell for $1.5 m. Zillow estimate is $1.367 m. The house is now rented for $7500/month.
These numbers speak for themselves. Anyone who cannot see the difference in affordability and value between Vancouver and New York is completely hopeless.
March 11th, 2010 at 12:22 am
BTW, my friends are on holiday, not emmigrating. With the collapse of their real estate holdings (2 houses) and the British peso, they have been well and truely priced out of the Vancouver market. They had considered moving as she has a Canadian passport.
March 11th, 2010 at 12:20 am
A friend and his wife arrived today from Belfast, N Ireland. It was the bubbliest place in the UK over the past 10 years. Apparently the locals thought it was different in Belfast and fundamentals didn't apply. It's now off 40% from the peak.
My friends bought their place for 93k in 03, at the peak houses on their street sold for 275k and they put their house on the market last June at 189k. I asked them today if they'd had any offers. No they said, not even one viewing. Now THAT's a bear market. Since June they lowered the price in increments to 149k and still NOTHING.
When i explained the Vancouver housing mania to them (we're different, offers 100k over asking, real estate always goes up etc) my friend's wife said "Oh that's what we all thought too."
Roll on the correction.
March 11th, 2010 at 12:08 am
Don't care for the forums much. I like a one-stop-shop. I don't care if random conversations happen. I'm a big boy, I can scroll through all the bullshit and sift out the posters with anything relevant to say, on either side of the argument.
So, count me for leaving things as they are on the board.
March 10th, 2010 at 11:54 pm
You might lure back freako from RET if the nut jobs you have here put up a better fight. Some posters claimed they called the police after some of his posts over there after being torn apart by his arguments. Great stuff.
March 10th, 2010 at 11:51 pm
@superduperbull: Unfortunately I rent a brand new condo, I'm afraid I have to, because I'm saving up to buy a house like this so I too can be a home owner!
March 10th, 2010 at 11:40 pm
VREEA
Maybe we should consider archiving superduperbull's comments. Future historians might be interested:
"In the early 21st century, renters were considered pariahs, social outcasts, losers. Society valued homeownership, debt and golden calves . This was only a few years before the second great depression, which turned out to be much greater than the first one in the 20th century. Treated like the cockroaches, they shared another trait with above-mentioned insect: They survived the nuclear financial holocaust unscratched and bought houses for pennies on the dollar…".
Regards
arit
March 10th, 2010 at 11:32 pm
superduperbull,
"Yeah sounds real nice loser. A fucking ground floor moldy shit hole. This site is just filled full of little loser dreamers like you."
Lack of sleep due to financial stress is very unhealthy. It causes nervous breakdowns and lack of control over what comes out of one's mouth. You should consider visiting your psychologist that is if you are not embarrassed of him reminding you to pay your bills…
Regards
arit
March 10th, 2010 at 11:19 pm
R E B G V Inventory 2006 to 2007
Jan 1, 2006 = 6603
Jan 15, 2006 = 7453
Feb 1, 2006 = 7501
Feb 15, 2006 = 7965
Mar 1, 2006 = 8219
Mar 15, 2006 = 8699
Apr 1, 2006 = 9097
Apr 15, 2006 = 9025
May 1, 2006 = 9429
May 15, 2006 = 10396
Jun 1, 2006 = 10121
Jun 15, 2006 = 10434
Jul 1, 2006 = 10374
Jul 15, 2006 = 11016
Aug 1, 2006 = 10935
Aug 15, 2006 = 11083
Sep 1, 2006 = 11043
Sep 15, 2006 = 11714
Oct 1, 2006 = 12169
Oct 15, 2006 = 12769
Nov 1, 2006 = 12608
Nov 15, 2006 = 12481
Dec 1, 2006 = 11624
Dec 15, 2006 = 10996
Dec 31, 2006 = 9881
Jan 1, 2007 = 9215
Jan 15, 2007 = 9427
Feb 1, 2007 = 9752
Feb 15, 2007 = 10170
Mar 1, 2007 = 10120
Mar 15, 2007 = 10765
Apr 1, 2007 = 10794
Apr 15, 2007 = 11417
May 1, 2007 = 11872
May 15, 2007 = 12621
Jun 1, 2007 = 12338
Jun 15, 2007 = 12462
Jul 1, 2007 = 12192
Jul 15, 2007 = 12613
Aug 1, 2007 = 11719
Aug 15, 2007 = 11693
Sep 1, 2007 = 11230
Sep 15, 2007 = 11693
Oct 1, 2007 = 11835
Oct 15, 2007 = 12291
Nov 1, 2007 = 11804
Nov 15, 2007 = 11455
Dec 1, 2007 = 10722
Dec 15, 2007 = 10120
Dec 31, 2007 = 9034
March 10th, 2010 at 11:17 pm
@superduperbull:
Why so much anger?
Feeling scared?
Cornered?
Helpless?
How does it make you feel?
Superduperbull, do you kiss your mother with this mouth?
March 10th, 2010 at 10:53 pm
@Best place on meth: Yeah sounds real nice loser. A fucking ground floor moldy shit hole. This site is just filled full of little loser dreamers like you.