[…] “A month or two ago, a guy at work described his experience looking for an old starter house in Coquitlam. I think he was looking around the Coquitlam/Burnaby boundary. He said every house he tried to put an offer on was bought by developers with no conditions. He was not considered by the sellers because it was easier to sell to the developers, so he gave up looking.” – Summer at vancouvercondo.info October 22nd, 2011 at 9:09 am […]

[…] “A month or two ago, a guy at work described his experience looking for an old starter house in Coquitlam. I think he was looking around the Coquitlam/Burnaby boundary. He said every house he tried to put an offer on was bought by developers with no conditions. He was not considered by the sellers because it was easier to sell to the developers, so he gave up looking.” – Summer at vancouvercondo.info October 22nd, 2011 at 9:09 am […]

@jesse:

Anyone checking out open houses? My neighborhood (condo/townhouse development) has been infested with open house signs every weekend for the past few months. Some of the signs even have "Reduced" stickers on them! Funny, the only people I see talking to the realtors are…other realtors, all hanging out waiting for buyers to come by. I hear snatches of their conversations as I walk by, it all seems to be the usual realtor BS-each one trying to convince the other that the market isn't as quiet as it once was. One place I've kept an eye on for some time in my building has gone from asking price of $525k in the summer to $480k now (no more open houses for that one, the realtor's given up). How low will it go….

Tobiano is nothing more than British Columbia at its worst. It's unsustainable urban sprawl that should never have been taken out of the agricultural land reserve. It's a blight on an otherwise stunning landscape.

"Wasn’t such a bad idea 3 years ago now was it"

In Kelowna it was.

@Keeping An Eye On The Pimps:

"Oh fcuk, it’s come to this now, why don’t we also adopt some of the other virtues and customs like female circumcision while we’re at it."

Yeah, because female circumcision is the same thing as kids living at home.

“It is a cultural thing – Indian and Chinese (and others) often have kids living at “home” their entire life.”

Oh fcuk, it’s come to this now, why don’t we also adopt some of the other virtues and customs like female circumcision while we’re at it.

I agree with anonymous above. It's a cultural thing, and I hope Westerners would recognize this rather than always treating the son who "stays home" with derision. In fact, the son who stays is the good son, the one who sacrifices his freedom and privacy to take on the responsibility of taking care of his parents. In some cultures, it is considered scandalous for all the children to leave the parents alone. Parents like these would be pitied and children derided for being too selfish. Of course the savings do help and in a way, the current Western system of kicking the kids out fuels the demand for real estate (bought or rented).

@patriotz: Well put. Poor wording on my behalf, came across all anti-science. I think my point is that the realms of Business or Science are limited, and other things may be important to a society or it's citizens. Such as the appreciation of a good cheese, regardless of any commercial value it has.

It is a cultural thing – Indian and Chinese (and others) often have kids living at "home" their entire life. The oldest son, normally takes care of the parents when they are old and the parents take care of the grand kids while their parents are at work. It is great system – alot of families that do this have separation as well, for example, a duplex with one side belonging to each or a multi level home with separate levels for different family groups.

With real estate being as expensive as it is, the whole "kick the kids out" is completely dumb ass.

Down at ows and just saw this sign:

Real estate speculation is Vancouver's Wall Street