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Friday Free-for-all!

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139 Comments

It’s the end of another work week and that means it time for the free-for-all!  This is our regular weekend news roundup and open topic discussion thread.  Here are a few recent links to kick off the chat:

–Tiptoeing towards sub-prime
–Get ready for more bidding wars!
–Carney hints at rate hikes
–Is Carney actually driving?
–Vancouver might get a new tower
–Want to RE blog for G&M?
–Higher learning in Whistler
–Translink puts on the brakes
–

So what are you seeing out there?  Post your news links, thoughts and anecdotes here and have an excellent weekend!

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900kCrackHouse

@patriotz: Good point! I never thought of it that way but I’m sure your right.

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patriotz

@Laibach:
“Within the Vancouver School Board, for example, schools on the east side of the city outperformed those in the west.”

The average poor kid who goes to university is a lot smarter than the average rich kid who goes to university.

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VHB

@good-format: No problem, friend. I enjoy your excellent formatting! Keep up the great work. VHB.

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jesse

@UnagiDon: Ah you mean the dregs of prep schools and west side public schools end up underperforming the average of east side public schools, the “best and the brightest” leaving the province. As an education ministry I know where I’d focus my money.

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UnagiDon

@Laibach: Explanation… selection bias.
The top local private schools are in many ways college prep schools. Few of their top students go to UBC.

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jesse

@Anonymous: LOL you must have gone to private school. RTFP.

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Anonymous

@Laibach: ….Within the Vancouver School Board, for example, schools on the east side of the city outperformed those in the west…..

Too bad the story appears in a newspaper, otherwise it might be believable.

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Laibach

Is HAM lowering overall performance of once superb schools?

The authors looked at the academic performance of more than 4,500 students in a first-year physics class at the University of British Columbia between 2002 and 2006. They found that those who had graduated from public schools in the Metro Vancouver area outperformed their peers arriving from private schools and school districts in more remote parts of the province.

The findings, which were published last week in the International Journal of Science Education, contradict some commonly held beliefs, including that independent schools give students an academic head start while those in low-income urban schools fall behind.

Within the Vancouver School Board, for example, schools on the east side of the city outperformed those in the west.

http://www.theglobeandmail.com/news/national/public-school-graduates-beat-private-pupils-in-undergrad-research-finds/article2410574/

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jesse

Another excuse for lackluster sales methinks.

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zrh2yvr

Canucks out in first round after winning President’s trophy.

Soon – Greater Vancouver Real Estate prices fall after decade long run up.

people in the streets can be heard saying “I would have never expected that to happen.”

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Anonymous

hockey season over; yardwork season begins.

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Boombust

“Michael Levy is quite gutless on this. I would expect he has personal interest in keeping the prices where they are.”

Not to be rude…but “Duh”.

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jesse

@Devore: “It’s Probably Nothing”

LOL Probably

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Makaya

@Makaya: Here is my email address where you can request the issue: fortunatefool00@gmail.com

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Makaya

@McLovin: as I wrote in the comment section of the whisperer, I was really surprised that this article is fairly extensively “inspired” and even sometimes outright plagiarized from the article I wrote for GEAB regarding Real Estate in Canada… See on the right column, on the contents section, an article called: “The Canadian real estate insanity, a repetition of the US mistakes – Towards a 15% to 25% fall in prices from 2013 In this anticipation on the evolution of the Canadian residential real estate market, LEAP/2020 shows that the economic “miracle” is nothing more than a mirage, based on excessive private debt that created a gigantic real estate bubble that is about to burst. ” http://www.leap2020.eu/English_r25.html I can’t publish it online directly because of copyrights, but if you send me an email, I can send you the whole document,… Read more »

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Makaya

@McLovin: as I wrote in the comment section of the whisperer, I was really surprised that this article is fairly extensively “inspired” and even sometimes outright plagiarized from the article I wrote for GEAB regarding Real Estate in Canada… See on the right column, on the contents section, an article called: “The Canadian real estate insanity, a repetition of the US mistakes – Towards a 15% to 25% fall in prices from 2013 In this anticipation on the evolution of the Canadian residential real estate market, LEAP/2020 shows that the economic “miracle” is nothing more than a mirage, based on excessive private debt that created a gigantic real estate bubble that is about to burst. ” http://www.leap2020.eu/English_r25.html I can’t publish it online directly because of copyrights, but if you send me an email, I can send you the whole document,… Read more »

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Devore

@vangrl:

“Looking at a Shaughnessy Listing on BALFOUR Avenue, On the market 196 days, listed in July of last year for $6.8mill currently reduced to $4.9mill. Wow, is there a problem? or?”

It’s Probably Nothing(TM)

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McLovin

Great piece on a New Zealanders take on Vancouver’s housing bubble

http://whispersfromtheedgeoftherainforest.blogspot.ca/2012/04/new-zealand-take-on-canadian-real.html#comment-form

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zrh2yvr

http://www.cknw.com/news/audiovault/index.aspx

April 19, 10:00 am.

at 13:00. We now have Bill Good quoting the Alan Garr statistic of 30% increase in Maple Ridge (then Michael Levy goes on to agree.)

Just listening to the rest right now.

Michael Levy is quite gutless on this. I would expect he has personal interest in keeping the prices where they are.

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Anonymous

@vangrl: $275/sf? Am I missing something?

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Vansanity

@vangrl: Thanks! Must’ve been another property we were thinking of.

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dbcooper

question #4 on the reals estate board exam:

On the supplied piece of paper using the supplied
RED crayon draw an arrow pointing in the UP direction

this is valued at 10% of your final score……..

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chilled

OK, that’s it for today, I’m having a gin and tonic with extra lime while I read my book on the balcony.

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vangrl

june 2008 listed for $599,000
http://www.ryanproperties.ca/PROPERTIES.php/Details/176

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Vansanity

Hello all, anyone with access to MLSX or whatever it’s called, could you help me out?

I’m wondering what the last sold price and date was for the following: MLS®: V944683

If my memory serves me, that house was listed at over $800k a couple years back, now listed at $699k.

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