Comments on: ‘Value’ is forever.

By: Houses owner

Houses owner — Tue, 06 Jul 2010 18:48:21 +0000

No need to tell those foolish Van bears that a house in this heavenly city is the solid investment for retirement;if they had doubt about Van RE value,let them rot to the bone and be priced out of this city forever;however,don't forget to pay your rent on time each.whining and loud mouth won't be the excuses for rent deferral.Our Chinese friends are much smarter than those retarded bears who have been pounding the Armageddon drum for at least 10 yrs but each time the reality slap their balls hard-Ouch............

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Tue, 06 Jul 2010 17:50:49 +0000

[...] 'Value' is forever. | Vancouver Condo Info [...]

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By: Buy a house, get a free car. | Vancouver Condo Info

Buy a house, get a free car. | Vancouver Condo Info — Tue, 06 Jul 2010 08:02:18 +0000

[...] even more drama in the West Van Apartment benchmark if you go back another month to the April Peak. RSS 2.0 comments feed. You can skip to the end and leave a response. Pinging is currently not [...]

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By: patriotz

patriotz — Tue, 06 Jul 2010 02:35:17 +0000

@rp1:

A housing bubble destroys the social and economic fabric of a country and we went full speed ahead on that one.

Hyperinflation is in no way comparable to a housing bubble. Most Western countries have seen regional and in some cases national housing bubbles come and go for over a century. I really think you should talk to someone from the former Soviet Union or Yugoslavia. Or someone from post-WWII China. Or read up on 1920's Germany. That kind of thing is worlds away from what the US, Ireland, etc. are experiencing today. Canada has not seen any major economic privations since the 1930's/WWII, and IMHO we've lost perspective on what real hard times are like. Things aren't even as bad today in many respects as they were in the 70's and 80's.

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By: patriotz

patriotz — Tue, 06 Jul 2010 02:24:29 +0000

@Devore:

How do you think CoV has a AAA rating to begin with? Because it borrows money by issuing bonds to cover… oh yeah, budget shortfalls!

The city borrows money for capital projects. The ones that everyone gets to vote on at municipal election time. That's what all those bonds are sold for. It also might have use a line of credit for day to day cash flow deficiencies but that is made up from revenues. You don't know jack about finance in general and municipal finance in particular. Sorry if that sounds impolite but the facts on this issue are easily referenced.

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By: jesse

jesse — Mon, 05 Jul 2010 23:46:04 +0000

@Beatbox: Actually an interesting article. Underutilized housing is a huge problem in North Vancouver. I think, given low savings rates, that will start to change in the next 10 years, but owners won't like what that will mean for prices.

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By: M-

M- — Mon, 05 Jul 2010 23:03:20 +0000

@Teddy Bear: The City's previously announced that they're getting rid of all the free parking downtown. Supposedly it's to encourage other methods of transport-- buses, walking, biking. ...And the funny thing about development regulations is that they can be bent by any company with enough financial/political clout, or by any small developer who can convince the city that it's a good idea for them to exceed the regs...

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By: rp1

rp1 — Mon, 05 Jul 2010 23:02:32 +0000

#82 @patriotz: "Maybe because it would destroy the social and economic fabric of the country?" A housing bubble destroys the social and economic fabric of a country and we went full speed ahead on that one.

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By: Beatbox

Beatbox — Mon, 05 Jul 2010 23:02:15 +0000

How would the "value is forever" work when the mayor of North Van couldn't afford a house… "only an apartment with a very large mortgage" (if his parents hadn't helped him out years ago). North Van Mayor laments state of housing and affordability on the North Shore:

http://www.bclocalnews.com/community/97491409.htm…

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By: Teddy Bear

Teddy Bear — Mon, 05 Jul 2010 22:21:13 +0000

The Seawall repairs in the middle of summer! Anybody noticed how our City crooks and bandits are preparing to put marking meters instead of 2hr parking on Davie St., west of Jervis St.? They will take away from us everything they can in order to support their spending habits. Millenium owes the city some 900 million dollars for OV fiasco, yet the crooks let them build a monster highrise on Bidwell and Davie, contrary to current regulations. Yes, we are feeding and fattening up whole bunch of incompetent morons and common thieves, and what does that say about us, I wonder...

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