Friday Free-for-all!

It’s the end of another week and that means it’s time for the free-for-all, or regular end of the week news round-up and open topic discussion thread. Here are a few recent links to kick off the chat:

Vancouver housing slows to crawl
Telus Garden sold out?
Maybe not so sold out. 
Inventory growth slows (chart)
Metro van sees sharp sales drop
REBGV Press Release (PDF)
Agent grumpy about bubble talk
Housing bubble sentiment chart
1980’s all over again?
Senators grumpy with Carney
Housing market pumps GDP
Australia down 10%
China’s ‘epic’ property bubble

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

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procrustes
Guest
procrustes

@Mick Murphy:

Even just a small preference to be like your neighbours can result in extremely segregated area.
http://www.youtube.com/watch?v=JjfihtGefxk

patriotz
Member

@Mick Murphy:
People don’t live in Kitsilano because it’s mostly white, they live there because of the location and lifestyle. There are lots of Asians with the means to live there, if they don’t one must conclude it’s because they don’t want to.

Mick Murphy
Guest
Mick Murphy

@procrustes: very insightful. thank you for posting that.

but
Guest
but

whites created ghetto from North Van

jesse
Member

This is just me, I find discussions on race woefully out of date, it feels like 25 years ago. If someone is of Asian descent, in part or in whole, but born in Canada, I see no evidence he will aspire to move to Kits any less than anyone else.

Makaya
Member
Makaya

@jesse:
A friend (Indian) married a francophone (from Quebec) and together adopted a Chinese girl. Where are they supposed to live?

offside
Guest
offside

“Where are they supposed to live?”

In abbotsford.

Patiently Waiting
Member
Patiently Waiting

“The more cosmopolitan types would prefer a more mixed neighbourhood, sadly the it’s the minorities themselves who set themselves apart.”

They do it most obviously by not speaking English in public. I grew up in a multiracial neighbourhood in the 70s-80s, and it worked because everybody spoke the same language. This is less and less possible these days.

BTW if anyone is totally obsessed with race on this board, its “Mick Murphy”. I hope he is really is Irish because that could be seen as a slur.

patriotz
Member

@jesse:
“This is just me, I find discussions on race woefully out of date”

The point of course is that it really isn’t about race at all, it’s about culture. But it’s a lot easier in any debate involving people who look different to use the “R” word than to engage in a serious discussion about what shared cultural values we need to make a democratic society work.

jesse
Member

@patriotz: Agreed

Manna from heaven
Guest
Manna from heaven

For people with money, Kitsilano isn’t as attractive as other Westside neighborhoods. Due in large part to the amount of rental housing/apartments, which they view as undesirable for a number of reasons.

suspectum
Guest
suspectum

The tide is turning… the pc world of the 90s and 2000s is slowly becoming so absurd that more and more people (of all creeds) are waking up to the scam of “multicultural lalaland”. Homogenous neighborhoods of all colors tend to have happier residents, much more cohesion and neighborly support and community trust (countless studies on this, just google it). Whites (or say English or German or French or Irish…) do have as much of a right to live in communities with shared values and identities as do any other “people” from natives over Filipinos to Arabs if they choose to do so. In Vancouver, we are all minorities…

The Leak
Guest
The Leak
I recently started a new job in Calgary. I’m up here right now without my family as they’ll come later. I found a room to rent in a nice house with a few other working guys. The house is on the market. He had it listed last year, dropped price a couple times. Never sold. Re-listed l this spring, already one price drop of 11 thousand and still nothing. The realtor asks, knowing I’m moving my family up in the fall, if I want to buy the house. I looked her right in the eye with the other guys watching and told her I have no desire to buy a home in a falling market. I told her why would I buy when I can rent for $1500-2000 a month in Calgary for a nice big house and zero costs… Read more »
The Leak
Guest
The Leak

PS. It’s a very liberating time to be a renter and I’m so darn proud that I’m in that position 🙂

Anonymous
Guest
Anonymous

Regarding race and neighbourhoods: People want to live around like ‘minded’ people, and like minded people are more likely to be of the same race, but not necessarily. Gays congregate in the West End, because they like being around other gays…but race is irrelevant.
Kits is also a neighbourhood of like minded folks of all races…but the majority happen to be white. So what is the Kits type? I’d say it’s well educated people that were born in Canada and are approx 25-45yrs old. Look at the race demographics of Vancouver as a whole 25-45yrs ago, when the current Kits crop were born, and I’ll bet it matches Kits today.

Patiently Waiting
Member
Patiently Waiting

@suspectum: I agree that PC multiculturalism is stupid.

But dividing the population into ethnic enclaves isn’t healthy. Where does that leave people of mixed backgrounds? Do they fit in everywhere or nowhere? Or what about people who aren’t in a major ethnic group?

When stresses come, I mean really bad times, how will these enclaves get along? Is it easier for some fanatic to start some evil shit?

suspectum
Guest
suspectum

@Patiently Waiting Says:
I do not advocate “segregation” in all neighborhoods. Some will be mixed, some will not. I just think that the segment that wants to live amongst “their own” should be allowed to do and say so. What is wrong with having, say, a Finnish neighborhood, a mixed downtown, a mixed neighborhood, a Spanish speaking one etc… all of this is already the case in most big international cities and it is funny that one may not mention it unless it involves a “minority”. Why can there be a “gay district” but no “hetero district”? Why is it okay to refer to Inglewood as the “black” part of LA but not to have a “white” one?

registered
Member
registered

24 Mick Murphy Says: “the facts don’t really support you’re assertion. take kitsilano for example (see page 3)..”

The data in that PDF, “unless otherwise noted”, is sourced from the 2001 Census. It realistically reflects an economic downturn period shortly after the fist big wave of immigration. Drawing contemporary conclusions from it is dicey at best.

Sheesh
Guest
Sheesh

@Joe_Blown_Away_By_High_Housing_Costs: To be fair, if you read the article, the couple is searching all of Metro Vancouver as well as Victoria and Nanaimo. There are plenty of houses under 500k in many parts of the Lower Mainland and the Island.

Anon
Guest
Anon

The irony of all the HAM race stuff is that there is a ton of Russian hot money buying too, esp in Coal Harbour and Yaletown I know first hand
It is just as hot ( sometimes sizzling!) and yet no one really talks about because they are not so obvious

This real estate farce is beyond race. We probably have just as much hot white money as yellow or brown but one group is more conspicuous

And just in case we feel too self righteous the hot local drug money makes up 6% of our GDP and is another driver of re prices

VMD @work
Guest
VMD @work

Sentiment among local Chinese is rapidly changing.

A Vancouver/White Rock luxury home builder (and long-time RE pumper) on the Chinese forum just annouced today that he “bravely forecasts” Greater Vancouver (Especially Richmond) condos will “severely depreciate” in the next 2 years. He also said SFH will be less affected (or even rise in value in some areas) due to “the fact that land always rises in value” (He also said that Vancouver land price increased “1000x” in the last 100 years)

He also just sold several of his Van West Lots (was planning to build luxury houses but somehow didn’t work out) over the last 6 months.

http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fforum.iask.ca%2Fshowthread.php%3Ft%3D562588&act=url

Mick Murphy
Guest
Mick Murphy

patriotz Says: sadly the it’s the minorities themselves who set themselves apart

patriotz Says: People don’t live in Kitsilano because it’s mostly white, they live there because of the location and lifestyle.

when minorities live together it’s because of tribalism. when whites live together it’s because of location and lifestyle.

haha, my friend, you are should be a comedian 🙂

pipewrench
Member
pipewrench

@Makaya:

great read but the link is broken.
http://www.wealthwire.com/news/economy/3088

and to #38 the leak…..perfect in all aspects.

hat tip to both of you.

bon jovi
Guest
bon jovi

ha-ha good catch Mick Murphy

but is expected from patriotz he is our board resident racist fundamentalist.

Best place on meth
Member
Best place on meth

@Anon:

“And just in case we feel too self righteous the hot local drug money makes up 6% of our GDP and is another driver of re prices”

Not for long, the “legalize” lobby is gaining steam on both sides of the border.

There are going to be a lot of people in BC that will eventually have to get real jobs and start paying taxes.