Friday free-for-all!

You know the drill…

Post your news links, thoughts and anecdotes here and have an excellent weekend!

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Lana
Guest
Lana

Canadian banks reduce many of their mortgage rates by 0.1 per cent
http://www.canadianbusiness.com/markets/headline_

Anyone has an idea of the tendency for the sales in August?

Prca
Guest
Prca

Enough is enough wit that crap "First!". It's not funny any more.

Mike
Guest
Mike

Was it ever funny? 🙂

CanuckDownUnder
Member
CanuckDownUnder

So the Realturds(TM) are saying sales are down in BC because of the beautiful weather and the HST:

http://www2.macleans.ca/2010/08/19/blame-it-on-th

Yet sales in Calgary are down 42% despite the lack of HST as well a summer which has been by all accounts miserable, there still hasn't been a 30C day this year.

Calgary isn't "lagging" the country, it's leading the country. It's now been 3+ years since the real estate peak that couldn't even be revived by 0.5% interest rates.

jesse
Member

@Lana: Sales are about the same as July. They are, relatively speaking, on the weak side but not outright collapsing like they were in 2008. Low rates still have some impact IMO.

vanpro
Member
vanpro
Talk about the flip-side to Vancouver, 72% of homes in the US require less than 28% of median household income to service total housing costs (debt payments plus taxes etc…) -and still they can't sell!! Right now the avg. Vancouver SFH is around to 80% of median income!! The least affordable city in the US is NY City where the median house price is ONLY $426,000 (vs. median income of $65,600 – this includes all burroughs) – that is almost 1/2 of East Vancouver SFH. $450k is still a high price for a SFH on a worldwide scale – and here we are talking about NY City with population of 10M+ (=1/3 of the entire population of Canada in that small area) – one of the highest population densities in the world. Look at the example of the nice SFH… Read more »
realpaul
Guest
realpaul
So, The Liberals trying to derail the will of the people by having their bum boys dragged through the byzantine court sytem eh? The fact is that more people voted against HST than voted for the Liberal movement in the last election. The fact is they're trying to ram it up our asses whether we like it our not. The fact is that everything from the inflation numbers to the crash in RE sales and the closing of hundreds of small bbusinesses is leading straight back to the HST. Can they have it both ways or are we just fucking sheep that will allow these Liberal social engineers to displace democracy for the sake of their own idiotic social fantasies of granting the windfall profits to the coffers of the special intrests while the rest of us work to pay… Read more »
BigMomma
Guest
BigMomma

Eighth!!!!!

Lana
Guest
Lana

@ Jesse

Thank you 🙂

Cranteeny Bitchezz
Guest
Cranteeny Bitchezz

@vanpro: Yeah but they don't have rich asians, rich baby boomers, WINTER OLYMPICS, mountains, the beach and 200+ days of rain per year in the US. It's different here(TM)!

shikko
Member

Topic change: what is the average per sq.ft. construction price in Vancouver?

Actually, let me amend that: what is the average per sq.ft. construction cost in Vancouver for a well-built house? I feel I should be specific about that after seeing some of the building defects in this city…

I saw in the latest Froogle Scott entry on VREAA that reno costs ran him about $10k/week for a competent and professional crew. Does that happen to apply to new construction? If it takes seven months to build a house, would that give you a $300k cost?

No Longer Looking
Member
No Longer Looking

I found this rent reduction interesting:

http://vancouver.en.craigslist.ca/pml/apa/1909161

First of all, the rent was sort of affordable for a grocery store clerk already. I live near this area of purpose-built rental buildings and have watched the FOR RENT signs skyrocket. A couple of years ago, you would have had to line up for these buildings and cross your fingers. The CMHC stats for apartment rents are going to get interesting.

VRENGD
Guest
VRENGD

We don't really have "the beach" either. Our beaches are merely sea-side sandboxes compared to real beaches such as the ones in california or barcelona.

By Vancouver standards, even Toronto has beaches.

Vanrod
Guest
Vanrod

@No Longer Looking: looks like a perfect bear den.

Best place on meth
Member
Best place on meth

@Lana:

Looks like August sales will be even worse than July was, around 2100-2200.

Blame it on yard work and wealthy Chinese enjoying the Shanghai Expo.

jesse
Member
Anoymous
Guest
Anoymous

I honestly have no idea why some of you whiners still live here. You complain about the weather, the beaches, the others who live here, the price of real estate, lack of things to do here, that Vancouver isn't a world-class city, etc, etc, it's a never ending list. Seriously, just live somewhere else. You'll be happier for it, and so will the rest of us.

bums up2
Guest
bums up2

I'd love to move; I hate this shit town. But I do have a life here: friends, family. It's unfortunate but like many people I'm trapped slogging it out here and can only dream of retiring somewhere nice.

Fortunately my girlfriend may have to move in order to take advantage of her shiny new Master's degree– thanks to Vancouver's crap job market. So I may still escape yet.

Fingers crossed!

fixie guy
Guest
fixie guy

@ Anoymous

You're mistaken. Most aren't complaining about Vancouver per se, just some of the putzes who live here and seem incapable of any perspective that doesn't put them at the pinnacle of the food chain. The weather I can take.

Cranteeny Bitchezz
Guest
Cranteeny Bitchezz

@Anoymous: Yeah sounds easy but where else in the world can I find a high paying corporate head office job, affordable living costs and an awesome lifestyle?

Hey I know, if all the whiners are bugging you so much that you need to post your whining little rant then why don't YOU get the fuck out?

Cranteeny Bitchezz
Guest
Cranteeny Bitchezz

@VRENGD: Did I mention the WINTER OLYMPICS? Yeah we had 'em and TO didn't, suck it TO.

Cranteeny Bitchezz
Guest
Cranteeny Bitchezz

Felix Salmon gives a shout out to Vandirty in his latest piece over at SeekingAlpha:

http://seekingalpha.com/article/220931-why-the-ho

Anoymous, SSB, Dave, Geezer and all you other knuckle dragging realtards can just skip this one, you wouldn't understand all the big words and there's no pictures.

Beatbox
Guest
Beatbox
I see comments comparing Vancouver to NY housing and comparing Vancouver to San Diego/San Francisco, Seattle, Hawaii… and so on and so on. Look, Uberbears, guys comparing us to those places, why don't you move there? If the deals are so much better to be had (and they are, especially with 30 year FIXED mortgages for less than 5% nowadays) then up and go. I guess my real question is: Why do you stay? If everything sucks here (weather, stoney beaches, high taxes, poor wages, etc.) then why do you stay and make yourselves miserable? If the answer is "family" then why not convince your whole family to up and leave? A whole boatload of Tamils made a much more arduous journey to leave a place they weren't happy with, I'm sure you could do the same. And if it… Read more »
Tony Danza
Member
Tony Danza

@Anoymous: Let me guess Anoymous, you've been living in Vancouver for what 5, maybe 6 years? It's usually the neophyte idiots like you that are first to spew the "why don't you move if you don't like being a debt slave for the rest of your life making half what you could elsewhere".

Don't bother "refudiating" my claim unless you back it up with some proof.

Tony Danza
Member
Tony Danza

@Beatbox: Why do you stay?

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