Friday Free-for-all!

Is it Friday yet?

What’s happening out there?

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

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Best place on meth

@Keeping An Eye On The Pimps:

>>>Yes, it’s in keeping with the Rich Asians I see, sharing a house with 15 distant relatives, 8 Hondas parked in the drive way, and dropping off the grand parents to deliver the Realtylink paper, and collecting empty pop cans once the courier bag is empty.<<<

And that pisses me off when they can't even leave the pop cans for the homeless.

These people really are like locusts.

Anonymous

#88,

put your shoebox where your mouth is! sell it now; or your new chick will leave you once your mortgage is more than your shoebox's value.

4444 4444 4444 4444

The curse is working in Richmond, and it is making its way up Knight St.

Give me a few more weeks , I want to make some minor adjustments before I put into full force all over Metro Van.

The blip in West Van is to capture a few rich fools.

Romeo Jordan

You chumps – things continue to slow. Gradually, but the trend is now your friend.

If your like my buddy McLosin, you need all the friends you can get.

xoxox

Romeo Jordan

ReadyToPop

Rather than letting the business cycle run its course, the quest for monetary policy became that of preventing recessions. Every time a crash or downturn loomed, the Fed, with the rest of the world's central bankers in tow, came riding over the hill to save the day by flooding the markets with cheap money – a phenomenon that became known as the "Greenspan put".

The Bank of England's astonishing escape from the financial crisis

Great reading regarding the BoE but an eye opener for bears all over, including Canadians in

the bleachers watching our own spectator sport called "easy money"……RTP

Collum

@Sheesh "One couple both have MBAs but have had trouble finding work here that lives up to their potential. A corporate recruiter told them staying in Vancouver will kill their careers; one has already found work in Toronto so we expect both to be gone in a few months. Another couple, both with Masters degrees, is moving to Edmonton. Another couple have met with an immigration lawyer about moving to the States. We also know a Canadian/English couple that were going to move here after living in Japan for many years but, after a real estate tour of each city, chose London, England, as the more affordable option!" Each to their own. I would rather rent in Vancouver than own in Edmonton, London or the States. It sounds like your friends all want to make lots of money. Why don't… Read more »

Patiently Waiting

@Anonymous: I was laid off but never evicted. I'm actually doing quite well now. Thanks for asking.

Spec

@Patiently Waiting: I would hazard a guess that a lot of those apps were from students looking for summer work which often adds to a grimmer picture of the employment situation…

Anonymous

#81,

then why hang around here for too long? even after your eviction and lay off?

Keeping An Eye On Th

@Patiently Waiting:

"he had 2000+ resumes for 16 positions. These jobs pay poverty wages and are temporary. Vancouver is soooooo fucked."

Yes, it's in keeping with the Rich Asians I see, sharing a house with 15 distant relatives, 8 Hondas parked in the drive way, and dropping off the grand parents to deliver the Realtylink paper, and collecting empty pop cans once the courier bag is empty.

Patiently Waiting

I was talking to a supervisor with the census. Hiring census takers was brutal. In his areas, he had 2000+ resumes for 16 positions. These jobs pay poverty wages and are temporary. Vancouver is soooooo fucked.

Absinthe

@Anonymous:

OV Co-op market rates are hardly well considered if they're subsidized.

To live in the 3 bedrooms and under most standard Co-op affordability contracts, the family has to make between 76K and $90K/year. This puts them above the median wage – ie: they're richer than the majority of family earners in the city of Vancouver. The cheapest 2 bedroom is accessible to almost exactly at the median income.

Co-ops are supposed to be an alternative to buying. Like all RE in this crazy bubble, the co-op here is nothing approaching a "good deal".

I checked it out because we're looking at Co-ops right now: $2500/month and no in suite laundry, no yard, small rooms? Meh. At $2500 or less, there are 545 3-bed suites offered on Craigslist.

Anonymous

@Anonymouse:

'cause if you can afford high-end furnishing like that you shouldn't qualify for subsidized housing – pay market rates like the rest of us!

Patiently Waiting

Popcorn time everyone!

Attached prices are down 2% YOY and flat over three years while detached are up 23% YOY and up 38% over three years.

http://agentwill.com/weekly-stats/

Also, the Fraser Valley is panicking while rich areas boom.

What is going on?

*munch munch*

patriotz

Don't the bulls keep saying that house prices are high because land prices are high?

A 10,200-acre desert site in Arizona sold for $32.5 million this week, five years after a group with investors including the California Public Employees’ Retirement System paid $400 million for the land.

http://www.calculatedriskblog.com/2011/05/arizona

Why did the land price go down so much? Have they started making more? What is the cause and what is the effect?

[…] at vancouvercondo.info May 28th, 2011 at 10:23 am- “In the past few weeks, the number of our friends who have either moved away, taken steps […]

Peter North

@Keeping An Eye On The Pimps:

Wrong bud, she said she was his girlfriend, not his wife.
I was at the stag too, it was funny how she described Rick as too sensitive.

Keeping An Eye On Th

"Pope can you please ban Ravishing Rick? He is now killing the blog with his sexist, racist, anti-gay BS just like RealPaul did. He is adding nothing but noise. "

McLovin:

Ravishing is harmless, here is an example of out of touch he is:

" want their plane to make a crash landing directly into bob rennie’s vagina"

He thinks gay guys have a vagina, how dumb is that?

He probably thinks you can become gay if you drink from the same glass as a gay person.

Most of the things he says originate from insecurities. At least that's his wife explained it last night at the stag.

McLovin

Re: Spain – We never had anything close to that overbuilding. The closest example would be Kelowna where prices are down 20%+ from the top.

ReadyToPop

The collapse of Spain's booming housing market has left unfinished, unoccupied towns across the country.

Each failed development represents a loss for the banking sector, which admits to $240 billion of problematic exposure and is probably exposed to more. As home prices keep falling and unemployment soars, banks will face further writedowns.

<a href="http://www.financialpost.com/news/Shocking+satellite+images+Spain+ghost+towns/4851210/story.html&quot; rel="nofollow">Shocking satellite images of Spain's ghost towns

Ravishing Rick

I may be sexist… but I am not racist or anti gay

I better idea would be to read what I say and if you don't like it vote it down.

What do you think Pope?

Hit the music!

Growl

@Patiently Waiting:

From what I here in my circles HAM is huge part of it. People think that "if I'm not a rich guy from China, I can't make it in this City." Why would you stay in a place like that?

Growl

@Fast:

Salaries are also really low here. All in all, it is just a bad deal.

Fast

@Sheesh:

I don't get it. What is wrong with staying and renting. Rents aren't expensive here. If you feel the need to buy property as an investment, buy it elsewhere and rent it out.

McLovin

Pope can you please ban Ravishing Rick? He is now killing the blog with his sexist, racist, anti-gay BS just like RealPaul did. He is adding nothing but noise.

Everyone can do their part. Immediately vote down anything he says without reading it. Once his comments start to disappear he'll give up and go to some white is right website.