The recent news that new house prices in Beijing dropped more than 25% in one month was very dramatic. Perhaps too dramatic.
It may be just manipulated statistics. Beijing has indicated their intent to drop house prices while other chinese cities intend to ‘control’ house prices rather than ‘lower’ them.
This post was submitted by MarKoz.
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on Big banks facing home credit risk@mac: @condo watcher: Wait! I don't think that was explanation enough for you. By PAST, I mean a few years on Big banks facing home credit risk@condo watcher: Relax! I'm not saying it's happening now. In THE PAST when the MARKET WAS HOT, there were many
on Big banks facing home credit risk@mAC HOW DO YOU GET A SALES TO LIST FIGURE OF 115%--are they selling stuff that's not even on the
on Big banks facing home credit riskHopefully this time it works. Copied from PaulB’s number http://www.laurenandpaul.ca Using good-format’s format. Date Listing Price(+-) Sold Inv Inv(+-) S/L(%) on Big banks facing home credit risk Sorry for the previous post. I seem to have lost my PRE tag "touch". 
April 20th, 2011 at 4:21 pm
@vci_sucks: And the sad thing is that you feel compelled to visit this site every day and comment about how it sucks. Don't you have anything better to do if you don't like it here?
April 20th, 2011 at 3:41 pm
Well everybodys too stoned to buy a condo today.. but try ordering a pizza.
April 20th, 2011 at 3:31 pm
this site sucks
April 20th, 2011 at 12:53 pm
Yes housing is crap in this city, couldn't agree more! And yes when I first bought it was cheaper than rent so I guess I was smart and a bit fortunate. But not in this city. Also who the hell would pay off there house with such incredibly cheap rates. As long as I can cover when my term runs out and I'm beating the spread by actively investing (yes I know the risks). But don't doubt for a second that I haven't worked hard for it.
Good luck
April 20th, 2011 at 12:03 pm
PW, the whole fracking mess is gradually falling apart.
It's like pulling on a string.
You know that if I'm saying it it's on the mark. And all the doubters can suck my ass.
xoxox
Romeo Jordan
April 20th, 2011 at 12:01 pm
@HAM – Sham: This is the first time in a while that Vancouver has been weaker than the suburbs. Could just be noise though.
April 20th, 2011 at 11:58 am
@rosy: …. I have always bought crappy houses ……
Well, hmnm, that would appear to limit you choices to every house in metro Vancouver.
April 20th, 2011 at 11:57 am
Dave, your a shatstack, same as McLosin.
Dave, don't you know that average prices do not adjust for tear down/new builds or all that money spent at home depot for renovations. Also does not take into account the change in sales mix, lower end units dying on the vine and just the numbknutz buying at the higher end.
Things are slowing, albeit gradually and perhaps not yet definitively. But you have been given warning. Pass it on to McLosin for me please, and give him a pat on the head. He needs all the encouragement we can give him.
xoxox
Romeo Jordan – still looking out for the Great Unwashed
April 20th, 2011 at 11:55 am
@crabman: ….Think it can’t happen in a desirable city on the water with a mild climate? It just happened last week…..
Ya, but come on; be realistic! San Diego is nothing like Vancouver: they have way, way, way more sun there. Who the hell would want to live in a place with a climate like that?
April 20th, 2011 at 11:28 am
Dailies – List | Sold
Vancouver East & West*
New Listings – 100
Back On Market Listings – 2
Price Changes -22
Sold Listings -45
Vancouver All Areas*
New Listings – 303
Back On Market Listings – 4
Price Changes – 93
Sold Listings – 174
*Attached & Detached – Date: 04/20/2011 Time:18:48 Pacific YatterMatters.com: Courtesy REBGV. Data believed to be accurate but is not guaranteed.
April 20th, 2011 at 11:28 am
Vancouver East & West*
New Listings – 100
Back On Market Listings – 2
Price Changes -22
Sold Listings -45
Vancouver All Areas*
New Listings – 303
Back On Market Listings – 4
Price Changes – 93
Sold Listings – 174
*Attached & Detached – Date: 04/20/2011 Time:18:48 Pacific YatterMatters.com: Courtesy REBGV. Data believed to be accurate but is not guaranteed.
April 20th, 2011 at 10:32 am
Beijing price drop, Vancouver price up 15% YTY
April 20th, 2011 at 10:08 am
@58 lol cats: Nice analysis LC, as cogent as any other from the real estate industry. Why aren't you out buying? The bank knows Vancouver properties will double again in less than ten years, they'll be falling over each other to shovel you free cash come hell or CMHC on such a sure thing. Trust me.
Waste no more time here young warrior, go forth and grasp the golden rings of fortune. Touching two edge-to-edge makes a golden eight. Remember that.
April 20th, 2011 at 9:56 am
Hey crew, big Stu here. I think when the Canucks lose game seven next week it will be the black swan. The hordes of dingbats that have been buying condos and Kesler jerseys will be looking at two depreciating assets. Should have stuck with Kesler's gay underwear. For Star Trek dvd's and Vancouver houses the best time to buy as usual was yesterday.
April 20th, 2011 at 9:55 am
must be 420, the bears are fired up… err, ok, pun intended. if you take a beak from toking, you may find your delusions of a massive bubble are THC induced. the only tangible bubble is the one in your bong.
April 20th, 2011 at 9:47 am
@Dave:
Yeah, maybe in 1980. But, who takes out 25-year mortgages these days?
April 20th, 2011 at 9:38 am
@Troll:
He has already admitted to having been wrong. He picked the time of the sunrise and we are now six months past due and it's still dark.
As for VHB, somebody should update the 'You are here' graph to 'You could have been here'. That's over 5 years ago now. A full half decade! Or 20% of the way into a mortgage!
April 20th, 2011 at 8:45 am
@Anonymouse yeah I think you are!
April 20th, 2011 at 8:25 am
@Wish I Was Rosy Too:
Yes, that would be cool, especially if Aaron was there too!
April 20th, 2011 at 8:20 am
Yeah it would be cool to be Rosy. Go to the office and blog about the republicans, pretend to run an international company, and even brag about being an extremely rich homeowner.
And best of all theorize about economic ,and google all day long.
April 20th, 2011 at 8:19 am
@real_professional:
"wish I was rosy… so smart, so talented, so lucky!"
so jealous?
April 20th, 2011 at 8:11 am
@Absinthe
You are right! I was in high school during the 90s too – I wish I had bought real estate instead of spending my savings on Reebok Pumps, hyper color t-shirts, and my Vanilla ice CD… by CD I mean tape.
I wish I was rosy… so smart, so talented, so lucky!