Homebuilder says it’s a great time to buy

Before I make a major investment, I always like to do a bit of research and consult an expert.

Before I buy a new car I always ask a car salesman if it’s a good time to buy. They’re the experts after all.

And when it comes to real estate, who better to ask than a builder if it’s a good time to buy?

Looking at 2011 numbers related to the economic impact of residential construction in B.C., we can easily see that this industry is a massive contributor to British Columbia’s well-being and future success, as well as a huge indicator of the province’s economic climate. Just think: For every single home we build, 3.5 person years of employment are created and more than $60,000 is generated in spinoff spending.

Ah yes, it’s not just a good time to buy, it’s the right thing to do for the economy. Without Real Estate our economy would be in the crapper. What could possibly go wrong?

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haha
Guest
haha

hahahaha
haha
hahahaha

lol
Guest
lol

lol lol lol

VMD
Member

posted a “housing wanted” ad online a while back to test the rental market, just got this in my inbox:

“Hi,
I saw your ads on looking for a place to rent for $1500. My name is Peter L and I am a REALTOR from Homeland Realty.

I don’t have a place to rent, but if you can afford a $1500 for rent, why not consider to own your own place? If you are interested to find out more, I can sit down with you to go through the math and show you some property that within your budget and area that you like.

Thanks.
Peter”

I love the smell of desperation in the morning.

Hibernating Renter
Member
Hibernating Renter

You forgot one thing: used car salesmen aren’t SALESMEN(tm).

rp1
Guest
rp1

@VMD: I think that guy is smart. Realtors have a job to do. They help people buy or sell houses and feel good about it. It’s a big transaction and lifestyle issue, so people are apprehensive. A good realtor serves the market. I think it’s hard to fault this guy aside from an opinion that we’re in a housing bubble.

Anonymous
Guest
Anonymous

@rp1: The irony here is that you would lose LESS money acting on an email from a Nigerian prince than you would being taken by “Peter” and his financial witchcraft.

groundhog
Guest
groundhog

I saw people discussing MLS listings not showing up online last week. I check White Rock listings daily and overnight the # of listings showing on MLS decreased by about 40%.

On a walk last night I saw 2 houses that have been listed for a # of months, 1 that previously had a price reduction, whose for sale signs had been taken down. Obviously not sold.

pricedoutfornow
Guest
pricedoutfornow

@VMD:

I honestly wonder what he would come up with that you could own for $1500/month. I live in a 2 bed, 2 bath condo that I rent for $1350/month, yet it would cost double that to buy (with 10% down). I think my cousins got suckered into the “everyone should own” argument, they ended up in a 2 bed condo in Abbotsford with 3 kids (wife commutes to downtown Vancouver). Oh, and they couldn’t afford the mortgage in the end so they went bankrupt and lost the condo. Some people shouldn’t buy.

Mick Murphy
Guest
Mick Murphy

A community of strangers Social isolation has far-reaching effects on us and our neighbours, survey

‘Lack of connectedness’ the issue Metro Vancouver residents worry about the most

Read more: http://www.vancouversun.com/life/community+strangers+Social+isolation+reaching+effects+neighbours+survey/6798712/story.html#ixzz1y9qB1fly

Anonymous
Guest
Anonymous

same shit when you ask bears when it’s a good time to buy; bears will say it’s never a good time to buy. bears only move!

Anonymous
Guest
Anonymous

@VMD: business people are always desperatedly hunting for business. otherwise, they will just become a bunch of lazy bears with nothing to do and complain all days.

joe_blown_away_by_high_housing_costs
Guest
joe_blown_away_by_high_housing_costs

“more than half of respondents agreed that Vancouver is becoming a resort town for the wealthy and that there is too much foreign ownership of real estate. This view was particularly common among people aged 25-34, a group whose responses to many survey questions revealed a marked cynicism about the state of their communities compared with other age groups.”

http://www.vancouversun.com/news/whoarewe/Social+isolation+reaching+effects+neighbours+survey+says/6797280/story.html#ixzz1yA8WiS8T

registered
Member
registered

If it’s not the editorial or opinion page, isn’t news, and no advertising label can be found it must be the Province.
It’s the head of an industry association pimping his clients’ product in the most reprehensible way by associating buying homes with patriotism and human goodness, and criticism and concern as petty resentment of ‘success’ (brought to you by MJ) and negativity. Maybe hearing this form of laughable hucksterism constantly dulls the senses but the mind still reels anyone has the audacity to publicly accuse those who don’t line his client’s pockets of moral inferiority. The depths to which this industry gleefully stoop continue to amaze.
If MJ is really that concerned about Canada he can start small by convincing his clients to stop showing up at open houses in German and Japanese cars.

N
Guest
N

@fixie guy:

Are American cars more patriotic, or do you know of a Canadian car they could drive?

registered
Member
registered

14 N Says: “….or do you know of a Canadian car they could drive?”

Will Canadian made meet the principle? http://www.canadianmade.com/automotive.shtml

Before you bother, yes, I also know some Japanese cars of the type realtors rarely drive are also built here.

Gresko MCGresko
Guest
Gresko MCGresko

Going up this Whistler later this week.

I can expect high prices right?. New Highway, water, oceans mountains, ex – Olympic venue…Gene Simmons bough up their …..what can go wrong ?

N
Guest
N

@fixie guy:

And don’t forget German car parts.

In any case, I buy products on their merits, not on their social implications. If you want to contribute to local society there are many more effective ways of doing so than shopping.

registered
Member
registered

17 N Says: “In any case, I buy products on their merits…”

While not unreasonable, consistency demands the CEO of the Canadian Home Builders’ Association of B.C. calls your patriotism into question for it.

data junkie
Guest
data junkie

@fixie guy: MJ Whitemarsh is a she, not a he.

Patsan
Guest
Patsan

@joe_blown_away_by_high_housing_costs:

Resort town.
Wait a minute. Resort town?
I got it!!! Resort town!!!

Mid June.
ROFLMAOKHO
*Last three stand for Keep Heating On.

N
Guest
N

@fixie guy:

Agreed.

market stats
Guest
market stats

@VMD

Are there any objective data sources on the rental market, inventory, price, etc? I presume that if the rental market is weak, high inventory lowering prices there must be correlation to the ownerhsip market.

an observer
Guest

A resort town where it rains just about every day in June? Vancouver is in a class of its own…

rp1
Guest
rp1
@joe_blown_away_by_high_housing_costs: “This view was particularly common among people aged 25-34, a group whose responses to many survey questions revealed a marked cynicism about the state of their communities.” Oh how could this be? Take the cost of buying a place where you can raise a family or entertain guests, and divide by the wages you can earn in Vancouver. If that’s not offensive enough, you have some jerk off shouting from helicopter to GTFO so that we can have even more houses sitting empty, while amateur landlords i.e. retards can charge exorbitant rents for living arrangements imported from the third world. Of course this is all supported by government policy, with free money to the already advantaged, massive deficits, and distortions at every level. So if you decide to take the plunge and raise a family here, expect it all… Read more »
Anonymous
Guest
Anonymous

@Mick Murphy:

Its hard to feel connected in a place where your neighbours don’t speak english, don’t want to learn, don’t make eye contact, don’t smile on the sidewalk and are just here for the free education and healthcare paid for by others.

wpDiscuz