Submit!
Up to this point the process for submitting articles for VCI has been a bit obtuse and open to only a few. That just changed.
We’re experimenting with a new feature. Right now if you’re a registered user on this site you can go to http://vancouvercondo.info/submit and use our new submission form to contribute articles, analysis or subjects for discussion. Your submission will automatically be added to a que for moderation before being published. You can even add attachments to your articles if you have a spreadsheet, chart, PDF or other material to discuss.
Hopefully this will be a more direct and simple way to encourage VCI community involvement when it comes to story topics.. In fact, this very post was written via the submit page!
We’ll put together a tutorial on HTML for formatting your submissions, but even if you don’t know HTML feel free to submit and a moderator will edit and format your submission if it’s selected to be published to the front page.
We’ll also put together a list of guidelines, but for now use common sense: keep it on topic, no copy and paste of full articles published elsewhere, no sales pitches, etc.
Go ahead and give it a shot and let us know what you think!
http://vancouvercondo.info/submit
This post was submitted by admin.
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September 30th, 2010 at 9:12 am
You asked for a submission so here is one:
http://www.zerohedge.com/article/senator-franken-…
I don't pretend to understand what the heck is going on, and it is a U.S. issue, but perhaps some people on this site could help shed some light on how serious this issue is and what are the implications here in Canada.
Cheers.
September 29th, 2010 at 5:30 pm
I have an idea to carry on from the burst of the housing bubble. Let's talk about the wage and benefits bubble. Not the just the fatter cats, but a lot of the mice that have been doing very well for themselves. Very interesting how a few years of fun and study relate to a self-perceived elevated sense of worth. I think soon stories of failing infrastructure will fill the news. Of course the money that should have been going into maintaining this essential tool of civilization have been going to wages and benefits and paying off capital losses for the 5%'ers. Our civil service should be watching out for our interests, instead they collaborate with their masters, bought off with benefits and dollars. Ahhh, what the h—. Fun site guys , been lurking for a very long time, started reading patrick.net years ago and found this site from his. We've always been behind the times on the west coast. Things happen elsewhere first then slowly move toward us. Look elsewhere to see the future.
September 29th, 2010 at 3:12 pm
but hey, im glad you got your parking meter filled.
September 29th, 2010 at 3:11 pm
"“not too long ago, I was parking myself just next to the Urban Fare in YT, down the street from one of the many yuppie Starbucks, and was fumbling for change for the meter, and some random person just walking by handed me a twonie.”
i was walking on granville one day and a guy was lying on the street having a siezure. i stopped, not believing my own eyes, because people were walking past him and over him. not a doctor, but he was turning blue and foaming at the mouth so i ran into the store and had them call 911. i came back out, stayed with the guy, and waited for the ambulance. as i was talking to him, helplessly, a couple of guys walked up to him, kicked him, and yelled, get a job. yes, kicked him.
nobody walking said or did anything. the ambulance finally arrived, and loaded him up and took him away.
say what you want about vancouver, but we are a city of cowards, and we all know it.
September 29th, 2010 at 2:48 pm
"@superduperbulltime: Please check your grammar. "
Dear superduperbulltime, The above comment is not asking you to inquire after the health of your mother's mother. Rather, the comment regards sentence construction.
September 29th, 2010 at 2:46 pm
@buffates, "By then Carney will be considering further rate increases and homeowners will start to see year on year price declines which will get the big headlines."
Don't forget massive unemployment as construction cools, and as the massive Real Estate machine (which includes many support services) grinds to a halt. The effect of this will be bigger than many expect.
September 29th, 2010 at 2:40 pm
@superduperbulltime: Please check your grammar.
..unless you're actually retarded, in which case you have my apologies. Nice work operating the keyboard!
September 29th, 2010 at 1:44 pm
@Anoymous: Sounds like most lose bear here.
September 29th, 2010 at 12:33 pm
@Best place on meth: Higher priced areas of SF haven't dropped as much as the Case Shiller index indicates. I expect they will start dropping in the next year.
September 29th, 2010 at 11:43 am
@Anoymous:
It's been relisted…
http://vancouver.en.craigslist.ca/van/apa/1978038…
September 29th, 2010 at 11:42 am
@anonymous:
This chart of San Francisco's collapse shows a very small decline over the first 8 months, about 4% total.
Then it went flat for 3-4 months.
Then the shit hit the fan. Total of 45% in just under 4 years.
http://mysite.verizon.net/vzeqrguz/housingbubble/…
We don't yet know if the collapse is completed or just experiencing a dead cat bounce.
September 29th, 2010 at 10:55 am
@buffates:
No worries…the end of the bubble in the US took years to finally lead to serious price declines. Patience. This won't happen overnight.
September 29th, 2010 at 10:50 am
@buffates
Nice wishful thinking but unlikely. Prices tend to rise in Spring (even during the US meltdown if you look closely). Fall is the typical time for price weakness.
Actually, if you think about it, what would stop people buying at the moment? Mortgage rates are low and unemployment is low also.
September 29th, 2010 at 10:00 am
@VHB:
"MoI at this sales pace 7.07"
Would that be a decrease from last month? Or am I just getting confused with a projection from a couple weeks ago?
September 29th, 2010 at 9:59 am
@VHB: MOI should be below 7 before months end…falling like a stone.
September 29th, 2010 at 9:58 am
@realpaul:
"Yup, ICKY will let you pay for the damage to the other vehicle and you have no premium increase if you do."
So rich person crashes into poor person, rich person pays, poor person loses nothing (except has their time wasted a bit, and might have to go without their car for a few days)
Poor person crashes into anybody else, poor person pays. Sounds right to me – poor person should have been looking where they were going, just like rich person should have in the first example.
Surely it's possible to borrow cash cheaply to pay ICBC in order to avoid their "financing plan", if what you say is true? If you're unable to borrow cheaply, then you're a high credit risk and it's only fair that ICBC charges you a premium?
I honestly don't see a problem with ICBC policy, I just see somebody who appears to be constantly jealous of others.
September 29th, 2010 at 9:53 am
September Projections for month totals
Days elapsed so far 20
Days remaining 1
Average Sales this month 108
Average Listings this month 228
Projected sell/list 47.1%
SALES
Projected month end total 2259 +/- 15
95% Conf Interval lower bound 2244
95% Conf Interval upper bound 2273
NEW LISTINGS
Projected month end total 4797 +/- 15
95% Conf Interval lower bound 4782
95% Conf Interval upper bound 4812
MONTHS OF INVENTORY
Inventory as of August 31st 15962
MoI at this sales pace 7.07
Note: This is a simple linear projection of month end totals.
This provides the answer to the question
"What will month end totals be, if things continue
on the same pace we've seen so far this month?"
September 29th, 2010 at 9:50 am
@SuperSmartBull:
Awesome, Teranet has also now confirmed the peak of the market was months ago.
Good to see everyone on the same page.
September 29th, 2010 at 9:44 am
Actually, Paul B's numbers are right on track for end of month, and to be expected (high sell/list days). I have seen this trend for the last couple of months. My theory is that it is a combination of slowly rising interest rates, and people with pre-approved mortgages that are expiring. It seems like there is always a small bump in sales at the end of the month.
September 29th, 2010 at 9:43 am
@Anonymous:
Regarding your Craiglist ad :
"This posting has been deleted by its author."
September 29th, 2010 at 9:39 am
@paulb.: YEEEEEEEEEHAAAAAWWWW…..Vancouver is back in the house!
September 29th, 2010 at 9:17 am
this decline is a marathon not a sprint. The spring will bring the first of the scary drops. By then Carney will be considering further rate increases and homeowners will start to see year on year price declines which will get the big headlines. Until then the best we can wish for is a building inventory so we can start off the next homeselling season higher than normal.
September 29th, 2010 at 9:09 am
@paulb.:
The question is, are sellers getting desperate by end of month with no sale and dropping prices?
September 29th, 2010 at 9:05 am
ugh…
New Listings 213
Price Changes 117
Sold Listings 179
September 29th, 2010 at 8:53 am
Those subsidized housing units in the OV need to be sold immediately.
They could build 3 times as many with the money (maybe only twice as many, if they don't hurry the f up)
What a waste. That's just embarrassing. I wish these idiots would remove their heads from their assess.
September 29th, 2010 at 8:51 am
@4SlicesofCheese: haha no way man
September 29th, 2010 at 8:47 am
@oneangryslav2: Our isolation helps the pumpers create a local bubble. The isolation is nothing new, it has always existed, but it plays a roll.
Immigrants in Vancouver are some of the biggest victims of this. They are somehow given the impression that you are nothing in this city without real estate. This has a bigger impression on them IMHO than people born as Canadians. I'm sure there are also realwhores and mortgage-hustlers in all the immigrant communities that use this to prey upon their own people.
Its not necessarily fear or greed that causes immigrants to take on the crippling debt, but maybe a desire to prove themselves worthy to their peers and society in general. This is sad.
September 29th, 2010 at 8:46 am
@Kim Jong-il buy 3: You realize their data is 2 months behind right?
September 29th, 2010 at 8:40 am
@ SSB
You realize its Sept 29th right?
September 29th, 2010 at 8:35 am
Teranet index out for July:
http://www.housepriceindex.ca/Default.aspx
-0.33% MOM. Market is crashing.
September 29th, 2010 at 8:13 am
@Devore:
"not too long ago, I was parking myself just next to the Urban Fare in YT, down the street from one of the many yuppie Starbucks, and was fumbling for change for the meter, and some random person just walking by handed me a twonie."
Did you ask them where they were visiting from?
September 29th, 2010 at 8:09 am
VV
Ha. Now deleted. Who says no one reads this blog, eh?
September 29th, 2010 at 7:24 am
While doing that research, I came across one CL ad, posted a few days ago, for a unit that turns out to still be owned by the city:
http://vancouver.en.craigslist.ca/van/apa/1969466…
BCS3859 SL 114, #508 77 Walter Hardwick Ave
The interesting thing is that it is NOT a unit from one of the dedicated rental buildings. It is one of the units intended for sale.
September 29th, 2010 at 6:58 am
Yup, ICKY will let you pay for the damage to the other vehicle and you have no premium increase if you do. If you have a collision policy they will fix your vehicle free of charge as per the policy …its not liability ins…differant animal…every driver has mandatory PLPD…and it can be increased universally , look it up. Its only your hate for realpaul that has you barking at the moon. As always realpaul is right and some people can't handle the truth.
I spoke to the counter clerk at an ICKY office a few months ago and she told me that they have these new driver douchebags coughing up cheques for five figures on a regular basis…its kind of like a new driver get out of jail free card.
Now..you don't want to be the poor sap who can't afford the one or two thousand it will take to repaint a quarter panel. If you don't have the cash you have to pay it back in a three year installment that equals roughly triple the amount it would cost if you'd had the cash to pay it off right away. ICKY is really fucking the poor on this file. I had a go round with Chris Olsen ( On Your Side) and he had to come to the same conclusion after I had queried him to investigate this obvious discrimination…..in his words "It doesn't make sense".
So Jess…go ahead and wail about realpauls agenda ( because you know he's just a compendium of the Canadian condition) but its just stupid to argue against truth telling….its so Canadian to deny deny deny and feel justified doing so because so many other shit for brains are doing it. Step out…..tell it like it is…its cathartic…and you just might make a differance.
September 29th, 2010 at 6:57 am
@Devore:
You're right, let's go for license suspension.
September 29th, 2010 at 6:57 am
@Anoymous: I find people in Vancouver to be quite friendly, even in Yaletown. There are assholes everywhere, Vancouver is not special. Not sure why people are getting so negative about the city all the time on here. If it's not the weather, it's rude people. If it's not dirty harbor water, it's expensive coffee. Every time, they find something new to complain about.
I've run across plenty of rude people all over the world and everywhere I lived. The rude ones, I don't worry about, and forget about them as soon as they're out of sight, but it's the good friends, family, and random acts of kindness I remember.
A small thing, not too long ago, I was parking myself just next to the Urban Fare in YT, down the street from one of the many yuppie Starbucks, and was fumbling for change for the meter, and some random person just walking by handed me a twonie. I don't think I'm attractive enough to be hit on by women, and not scruffy enough to look like a panhandler, but that definitely made my day.
Could that have happened in Halifax? I'm sure it could. The person just as well could have yelled at me for hogging parking and to hurry up and pay.
But the places you live in reflect you far more than you'd think. They're only as good as you make them. And if you insist on finding the ugly, you will have no shortage of material anywhere.
But, having driven regularly in several Canadian cities, I have to say Vancouver drivers suck.
September 29th, 2010 at 6:37 am
@kansai_92:
Really? Zero? I think someone driving a $200k car can easily find a way to get by without their car for a month, perhaps they will dust off the second Ferrari (you know, you have to buy them in pairs, while one is in the shop).