Ride the great RE roller coaster


Laadies aaand Gentlemen! Step right up, one and all and ride the bubbliest market in North Americaa!. The Great Vancouver Real Estate Roller Coaster is now open for bizness! Experience the thrills! The Spills! The mind-boggling economic waste of it all!

Front row seats for you only my friend, here’s your tickets:

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jesse
Member

"excitment" is spelled excitement. I think that's it for spelling mistakes. Personally I'd highlight that in 2006 prices returned to the INFLATION ADJUSTED 1981 peak.

Lord Huggington
Guest
Lord Huggington

High fives for everyone, RBC have nudged up their mortgage rates once again, this time by 15 points, so their 5-year rate now clocks in at 6.25%. (^_^)y

http://www.theglobeandmail.com/report-on-business

cgh
Guest
cgh

One other mistake that occurs twice: ellipses have three dots ("…").

jesse
Member

@Purp1: If I didn't know any better I'd say the banks are trying to pull a fast one on poor defenseless homebuyers. Luckily I know better.

Nero
Guest
Nero

Brilliant, Pope. That was fantastic!

Made my day.

That and RBC bumping up rates again!

VHB
Member
VHB

Thank you, the Pope. That is truly great work. I admire your dedication, persistence, and effort. You are one of the good ones.

VHB
Member
VHB

@Purp1: That's funny, because 5 year yields are still at 3.10. They did hit 3.24 briefly last week. Until the 5 year yield goes up more, and sticks, we have to expect 5 yr mortgage rates to stay pretty level. But if the 5-yr yields do increase, then watch out!

5 year yield

Kite towards moon
Guest
Kite towards moon
Vancouver real estate never goes down. I believe this video is specially design to over take saying that "Vancouver real estate never goes down" so the video prove that Real estate do go down.Assertions are very simple, if someone will ask the source for assertions? Rebgv historical price graph is an answer. Facts:Rebgv does not own any piece of Vancouver real estate,Only owners,seller,and buyers own this,There are not enough evidence that any seller is selling under the original purchased prices and if anyone ever exist would be able to describe his circumastances that how he or she did benifit to the buyers of his her property. Basic of buying real estate is to make sure that your relationship,Jobs,and ability to pay monthly payment.That sould last as long you are owning the piece of r.e. Believe in the motion:There was a… Read more »
Fed up with Kite-tow
Guest
Fed up with Kite-tow
@Kite towards moon, regarding your post at 10:00 am, and in fact regarding all of your posts, I wonder if you are old enough to remember Pete Seeger's song "Turn! Turn! Turn! (to Everything There is a Season)", an exceptionally popular hippie-era song. If you were a hippie, you knew the song. If you were young in those days, you knew the song. Even though it would seem not to have any religious content, it was taken almost entirely from the Bible book of Ecclesiastes. Well, you will no doubt be surprised and very pleased to read that there is another set of verses from Ecclesiastes, and another from the book of Proverbs, that is an accurate description of you. Are you ready for this? It is sooooo-oooo-ooooo you! Ecclesiastes 10:3 – "Even when the fool walks along the road,… Read more »
joedub
Guest
joedub

Awesome video. The zombies in town who buy sh*tty crack houses or shoeboxes to "get in the market" have been brainwashed. They don't "get it", but if you show them pictures, or a video like this, then there is some hope.

superduperbulltime
Guest
superduperbulltime

Hey bears by all means stand around and jack off to yet another useless artifact in your delusional belief that one day you'll own in this market. You bears are really pathetic. Let's review the process by which this all works:

1) Bear (loser) posts some stupid article, cartoon, video or some other useless anecdote about the market.

2) Crowd of bears rush in to commend poster about being such a genius.

3) Bears forget again that they are always wrong.

4) Anyone who disputes the status quo of bear mythology is voted down in flames. This blog is about bears feeling better about being wrong and no one must challenge that.

5) Bulls continue to be rich and happy laughing at bear losers.

Neptune
Guest
Neptune

@superduperbulltime:

Hey did a bunch of bears gang bang your mom? is that why you are so bitter?

CanNeverThinkofaGood
Guest
CanNeverThinkofaGood

It would be interesting to see how fast some comments get voted down, and the number of different readers that vote them down. I bet the bulls would be surprised to discover that there is a huge number of people with bearish sentiments who are extremely skeptical about all the real estate industry spin, and have been for a long time.

Absinthe
Member
Absinthe

That's quite the ride!

vanguy
Guest
vanguy

superduperbulltime makes some good points. I wouldn't give him my retirement fund to invest, but his points are valid. Bears have been right for along time in Vancouver.

And like Keynes said; "The market can stay irrational longer than you can stay solvent". I suppose it works the other way as well. Irrationality obeys no laws of physics or economics.

On the RBC mortage hike. Like VHB mentioned, the 5, and 10yr bonds aren't moving…why is RBC hiking?

pricedoutfornow
Guest
pricedoutfornow

Question:

What is the relationship between long term interest rates (set by the banks, who set them from the bond market) and variable (short term) rates that are set by the BOC?

Can there be such a big spread between the variable rates and the long term rates for a long period of time? Or are the banks telling us that they expect variable rates to soon follow suit? Would make sense….but is this the case?

Just wondering, if variable rates stay low, long terms high, the housing bubble can continue along it's merry way as long as people ignore the long term rates and just take variable.Hm.

Prca
Guest
Prca

@superduperbulltime: 5) Bulls continue to be rich and happy laughing at bear losers.

Listen motherfucker, if it doesn't bother you, why would you ever as a "rich and successful" come to this website and spend a second to write something at all? How come as a "rich and successful" you have time for such doings? Why do you need more "rich and successful" folks around, especially from the modest and (by your standards) "non-fancy" bears? Please don't make self even more stupid and ridiculous, it's getting sad.

joeblow
Guest
joeblow

Just got back from a walk around the hood and was quite surprised to see a "Reduced" sign and a "New Price" sticker being applied to another sign a couple of blocks later.

Don't recall this happening that early in 2008

….who'da thunk it.

Anonymous
Guest
Anonymous

@Prca: You just gave the troll exactly what they wanted. Probably someone living in their parents basement after the divorce and working off their frustration by trying to piss people off online. Ignore the sadsack and they'll fade away.

Rob A.
Guest
Rob A.

LOL, I love that video!! I wouldn't worry if I owned property in downtown vancouver though. It is a highly desirable place to live and will always attract people because downtown is where the action is.

Anonymous
Guest
Anonymous

@Prca:

superduperbulltime is a troll, he/she only posts that kind of crap to get you to respond. They feed on your anger…

watch: http://www.youtube.com/watch?v=FMEe7JqBgvg

Same goes for kite, tom vu, etc.

joycer
Member
joycer

This will have to do until PaulB or Inventory start posting:

Viral Inventory 11:45pm

YouTube – 254

Vimeo – 733

Drachen
Member

@joeblow:

'80s was a two car collision, several people died.

'90s was a pretty bad bang-up, both cars needed body work and the driver of one car was checked into the hospital but released the same day.

'08 was a fender bender.

'10/'11 will be a 747 landing on the Lion's Gate bridge during rush hour traffic.

paulb fan
Guest
paulb fan

@VHB: Sometimes I feel banks play with the psychology of the buyers. Posted rate does not mean a thing. Just because they raised it be 0.15% some sheeple would be running with their tails between their legs to encash it asap. And then a week later, you can dump it by another 0.15%, bringing another set of sheeple to start buying as rates have started falling and market would be hot again. Either which way they win, so why not play the game as long as music continues.

qwerty
Guest
qwerty

@joycer: Nice idea! Can youtube views catch up with vimeo views?

if you have a vimeo or youtube account vote this video up and that will give it more exposure. I'm adding it to dig and stumbleupon if no one else has yet.