Crackshack or Mansion? Ask Petr & Ola

Petr and Ola are the creative duo behind Crackshack or Mansion, the online quiz that serves up very clear visual examples of lunacy in the Vancouver housing market.  They recently updated the game to a second version.  Can YOU tell the difference between a crack shack and a million dollar house in Vancouver BC?

They have agreed to do an open format interview that will let you ask the questions.  Post any questions you have for them in the comment section and vote up the ones you’d like to have answered.  I’ll  send on the top rated question comments to them and post their answers next week.  Ready?  Ask away!

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Van MD
Guest
Van MD

I think the Income Tax payment deadline of April 30th has some effect of slowing down RE action this week. Many of my friends/colleagues are busy doing last-minute tax filing.

But don't you worry, people's attention will be back to hosting open-houses next week!

JBroll
Guest
JBroll

@paulb fan: Forgot to add – either way, at 100 net listings a day we should happily take that no matter what the listings numbers are. That still equates to 2,000 net listings a month – at that pace, gosh we’d be at 21k halfway into summer!

JBroll
Guest
JBroll
@paulb fan: It could be a number of reasons – the early Spring listing rush is over, the late listings group haven’t yet listed, noone is sure. The only important fact is net listings. Today for example – even with a slow listing day compared to recent times, the net listing gain is still 100+. For all that’s important, even a 150 list day and 50 sale day is good. In fact, I would say a lower list / lower sale day is better than high list / high sale day. A 500 list day with 400 sales still creates somewhat of a frenzy – buyers attending open houses, RE agents thinking there’s still enough sales to go around. If we ever hit 150 list to 50 sales – lots of inventory still left but empty open houses and RE… Read more »
paulb fan
Guest
paulb fan

@paulb: whats the reason that listings have tamed down. Month end? ppl waiting for new month to list? or something else??

paulb
Member

Pretty tame so far

New Listings 228
Price Changes 117
Sold Listings 113

vancouverboomtimesah
Guest
vancouverboomtimesah

Market hot like cheese sold at pub! Just like cheese bear everyone want to pay high price for it. Bear is like pub cheese buyer, bull is cheese taker. Be like bull bear and take cheese.

Kite towards moon
Guest
Kite towards moon

@Keeping and Eye on The Pimps: That's not the case.Some anecdotal preview at downtown tells me that some over age owners who can not stand infront of beautiful ladies and some heart patients who are unable to drive over Cambie,Granville,and Burard bridge are trying to trade their properties from Downtown to other areas.On the otherside most of the Pizza Hut and Panago young customer have a dream to buy downtown condo and most of Cactus Club customers have dream to buy penthouse in downtown.Once exit from downtown will admit them in other part of Vancouver while other young stuning beauties will enter into downtown to put pool type actions in the heart of Vancouver.

longtime
Guest
longtime

Hey, longtime lurker here…
Just wanted to point out that as a casual observer I don’t necessarily vote down comments on being bullish (i.e. I’m bearish that’s why I read this blog). But I vote down ones that seem to add little to the discussion or ones I just plain don’t find funny.

Keeping and Eye on T
Guest
Keeping and Eye on T

Yeap, the bulls see the cliff ahead, emergency brake cable broken, master cylinder bone dry, accelerator stuck on full throttle, and they don’t have the balls to jump off.

McLovin
Guest
McLovin

So what's the real inventory?

GG
Guest
GG

@Inventory: Earlier today it was 16,924. Do you mean 16,966?

Kite towards moon
Guest
Kite towards moon

@Keeping an Eye on YatterMatter:No comments, no dallies,Just one listing in a month.No more new rules,no more April 19.Ben Bernanke says no to interest rates hike.What to expect from Marcarnankeney? Bears case:Will see how it plays out while Kites stay on fire.

vreaa
Member

Profile of a Recent First Time Buyer –

“About a month ago I became a first time homebuyer in Vancouver. I have been living here for about 15 years, and seeing prices triple, or quadruple in some instances, and I just thought “Wow, I need to get on this wealth train”.

http://wp.me/pcq1o-Nb
[An informative anecdote extracted from a telephone interview between CBC Cross Country Checkup host Rex Murphy, and a caller from Vancouver named Steve Z., 25 Apr 2010]

[Hat-tip to AnonymousAA at vancouvercondo.info 25 Apr 2010 3:17 pm]

Inventory
Guest
Inventory

Party's delayed!

Apr 27, 2010 = 16,846

Apr 28, 2010 = 16,866

Phunnybunny
Guest
Phunnybunny

nope, sorry, I sent it about 21 hours early – watch for the official 17k party announcement tomorrow (that was just a test of the emergency broadcast system)

Anonymous
Guest
Anonymous

@Phunnybunny:

really??!!!

🙂

Specuskeptic
Member

Superrepetitivebull said: "Get in now or you will pay my mortgage again next year bear."

That just may be true… via CMHC and a foreclosure proceeding.

Parasite.

Phunnybunny
Guest
Phunnybunny

17,003

Hunglu Khorse
Guest
Hunglu Khorse
oneangryslav2
Guest
oneangryslav2

Dear Petr and Ola:

Thank you for the opportunity we’ve been given to query the two of you about your amusing website. Here are my questions:

1) It’s obvious that the two of you are “bitter renters”. So tell us, on a scale of 1-10, with 10 being “more bitter than death”, how bitter are you?

2) We know that you must blog from your parents’ basement (otherwise you wouldn’t be so bitter), presumably in your undergarments. So, tell us Petr–boxers or briefs?

Boombust
Guest
Boombust
Keeping an Eye on The Pimps Says: April 28th, 2010 at 4:59 pm @Boombust: Boom, you can take this to the bank: The script has been written, and the cast already selected. 1) The phone lines will be “stacked” You mean like how Keith Spicer, the 1970's Ottawa Commissioner of Official Languages never stood a chance because angry housewives were yelling at him on Cknw talk shows to "stop ramming French down our throats?" 2) The experts will confirm it will be a gentle glide, possibly a minor correction, on the way to greater appreciation. Like Ex-Lax? 3) "This is the best place on earth" You mean like "The Happiest Place on Earth? Like Disneyland? 4) Running out of land, you know… the North Pole to the north, The ocean to the West, and USA to the South, and the… Read more »
Boombust
Guest
Boombust

"I go to open houses every weekend just to use the washroom and help myself to snacks."

Careful. Easy does it. It could be cat food on crackers.

Best place on meth
Member
Best place on meth

@painted turtle:

I go to open houses every weekend just to use the washroom and help myself to snacks.

Next time I may try the Family Guy Tom Vu method of using a toilet.

painted turtle
Guest
painted turtle

I really like the idea of having a fake "open house" sign on my rented home, and wait for a stampede of hypothetical bulls full of cash… I can always claims it is open for free lemonade.

That would balance all the property for sale that do not post any sign. On Sunday I checked a neighborhood that had 45 homes for sale and only one obvious sign posted !

When do you guys think we can start going to open houses to low ball 40%? July?

Any great ideas about how to shaken the twilight zone?

superboomtime
Guest
superboomtime

Bear as inventory rise FTB shark attack like feeding frenzy on chum. That is what happening this summer bear. FTB shark attack inventory and price go up big time. Get in now or you will pay my mortgage again next year bear.