No sale on overpriced condo

Local rockstar realtor Ian Watt speaks truth to power in his most recent youtube episode.

Sounds like he’s getting a little frustrated with sellers who think their condo is special.

Pink carpet in the bathroom adds an easy $20k right?

Nope.  As Mr. Watt says, there may be all sorts of reasons nobody is interested in your Vancouver Condo, but the number one reason is that it’s overpriced:

Meanwhile his evil twin Ten Volt still claims to be the worlds busiest real estate agent in the world:

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@96 Anonymous: Save for the occasional small Mexican village, maybe not enough third world destinations to make a proper comparison to the bedroom floor pile of clothes displays commonly seen at the major department stores at Metrotown. Recommendations?

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gokou3
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gokou3

@Krusty the Clown: Could be Costco CANADA making such bulk purchase! 😉

Krusty the Clown
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Krusty the Clown
@ScubaSteve: Actually the National story (which I referred to) last night did imply that Canadians were being less than polite. That was the whole gist of the story with the anchor being overly polite to make up for “rude” rep we were getting. Maybe you should know the subject matter before you start arguing with someone. That is the tone of the media coverage and my repeating what was shown doesn’t mean I’ve thrown my hat in with anyone. I’m not angry about anything.If people want to buy their milk there, that is their business. I just don’t understand the economics and time wasting aspect for something that costs less than $5 per item. Obviously the economics are different if you are a business owner. As for Ian Watt, I don’t know him and would never proffer an opinion on… Read more »
Anonymous
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Anonymous

@fixie guy: Don’t travel much, do you?

VHB
Member
VHB
Aug-2012	
Total days	22
Days elapsed so far	9
Weekends / holidays	5
Days missing	0
Days remaining	13
7 Calendar Day Moving Average: Sales	93
7 Calendar Day Moving Average: Listings	204
SALES	
Sales so far	781
Projection for rest of month (using 7day MA)	1209
Projected month end total	1990
NEW LISTINGS	
Listings so far	1893
Projection for rest of month (using 7day MA)	2649
Projected month end total	4542
Sell-list so far	41.3%
Projected month-end sell-list	43.8%
MONTHS OF INVENTORY	
Inventory as of August 13, 2012	18811
Current MoI at this sales pace	9.45
VHB
Member
VHB

@good-format: Hi Goodformat. Thanks for posting your summary. Could you check your ‘7 day average’? I can’t find any way to generate a 7-day average of 66 from the data you present.

Thanks

HipsterBear
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HipsterBear

@ScubaSteve: “You all better look around, and see all this stuff around you? What do you think pays for it. Taxes”

So, residents of Bellingham, take it in the face like the dirty whores you are.

ScubaSteve
Member
ScubaSteve

@Krusty the Clown:

Sounds like you have some anger issues to. So what if canadians want to go down to the US to buy milk? And no one was calling them rude at all. They had numerous city councellors and the mayor of bellingham on basically telling their residents off. One of the councillors of bellingham told his residents “You all better look around, and see all this stuff around you? What do you think pays for it. Taxes”. Sounds like it’s a few isolated ignorant stupid individuals in bellingham who think these things, and you seem to have thrown your hat in with them. As for Ian Watt, he is just another realtor. He isn’t a nice guy, he is a business man and he has found a way to generate himself a lot of clients.

Krusty the Clown
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Krusty the Clown

@Vote Down The Facts:

I somehow doubt that average Vancouverites are the ones buying 12 gallons of milk at a time in Costco. Is it even possible to use that much before it goes bad unless you run a cafe of restaurant?

You’re probably right. It is most likely small business owners who are down there buying such large quantities. Although I suspect that some people also buy in bulk for extended families and friends.

TNT
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TNT

…..30% price increases in Sept.

Watts milking the Bull.

Krusty the Clown
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Krusty the Clown
Stop ragging on Ian Watt. Granted, he’s a realturd, but I’ve seen a few of his videos and he’s surprisingly honest about the state of the market and freely states when the market is slow or if prices are falling etc. In this particular video he is simply stating what many bears here frequently state “if its not selling, its overpriced”. He is not a typical RE pumper with the “HAM/running out of land/BPOE” bullshit stories so give the guy some credit. The National also covered the “rude Vancouverites in Bellingham” story last night. Showed a bunch of Canadians snatching milk from a large pallet like it was their last EVER to buy milk. I mean, its milk. MILK. Its everywhere and its a relatively cheap product. I don’t get it. So what if its half priced? Is it really… Read more »
Vote Down The Facts
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Vote Down The Facts

@fixie guy: “Vancouver is the only city in my travels with a local culture that considers trashing store displays acceptable.”

Then you can’t have travelled very far, and I’m not aware of anybody who considers it “acceptable”.

Vote Down The Facts
Guest
Vote Down The Facts

I somehow doubt that average Vancouverites are the ones buying 12 gallons of milk at a time in Costco. Is it even possible to use that much before it goes bad unless you run a cafe of restaurant?

Still, gotta love the fools who think this behavior is somehow representative.

Best place on meth
Member
Best place on meth

@Patiently Waiting:

What do you mean “expect”?

Patiently Waiting
Member
Patiently Waiting

@Best place on meth: There’s a reason American milk is half price. I expect to see a generation of mutants coming out of Surrey.

Boombust
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Boombust

“Vancouverites are an embarrassment to humanity.”

Why? Because people in “Bellingscram” don’t like us?

Who cares? They have NEVER liked us.

They used to call us “Cheeseheads” in the ’70’s…

So Amerikan.

Best place on meth
Member
Best place on meth

@left already:

It’s unbelievable how many people drive to Bellingham for milk and gas.

Vancouverites are an embarrassment to humanity.

piklishi
Guest
piklishi

@Devore: Well whoever uses this forum will use PaulB as a realtor. He will be having a lot of customers soon 🙂

rp1
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rp1

#80 @fixie guy: “Particularly infuriating was reading this behaviour described as Canadian.”

You’re behind the times. If you want to catch up, try pushing your way to the front of the line.

registered
Member
registered

@77 left already: That made global news. I first saw it on the national CBS morning show today and also found it caught the attention of the British press. Particularly infuriating was reading this behaviour described as Canadian. I’m not aware of complaints east of the Lower Mainland. Vancouver is the only city in my travels with a local culture that considers trashing store displays acceptable.

vangrl
Member
vangrl

“I’ve made this comment before,” says Mr. Somerville. “House price levels in this market are such that I will never use the term ‘buyer’s market.’ I will say, ‘prices are more restrained and less frenzied.’”

http://www.theglobeandmail.com/life/home-and-garden/real-estate/buyers-on-the-sidelines-as-vancouver-market-slows/article4480463/?cmpid=rss1

good-format
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good-format
Copied from PaulB’s number http://www.laurenandpaul.ca Date Listing Sales S/L Price(+-) Inv Inv(+-) Aug-01 258 61 23.6 99 18,708 Aug-02 182 49 26.9 114 18,740 32 Aug-03 202 93 46.0 92 18,799 59 Aug-06 0 0 0 0 - Aug-07 232 113 48.7 128 18,784 -15 Aug-08 210 49 23.3 105 18,851 67 Aug-09 195 120 61.5 119 18,816 -35 Aug-10 169 96 56.8 118 18,806 -10 Aug-13 206 103 50.0 124 18,788 -18 Aug-14 239 97 40.6 125 18,811 23 Total-Cur 1,893 781 41.3 1,024 103 7-day avg 146 66 45.6 84 4 Total-EST 4,368 1,910 43.7 2,459 18,877 172
left already
Guest
left already

I could not resist this:
http://gma.yahoo.com/blogs/abc-blogs/americans-fed-canadians-taking-over-local-costco-124454335–abc-news-deals.html
When I was living in Wetcouver, I always wondered how people managed to get buy in the over-rated overpriced city.
Well, part of the answer is they live on milk and toilet paper, look how Canadians riot over milk jars at Costco. This is beyond surreal!
What a shame for the best place on earth.

Anonymous
Guest
Anonymous

@Manna from heaven: “China’s Gao Shan heads home to face charges on $130M fraud ring after eight years hiding in Vancouver.

http://news.nationalpost.com/2012/08/13/chinas-gao-shan-heads-home-to-face-charges-on-130m-fraud-ring-after-eight-years-hiding-in-vancouver/

From the article: “Only after a 2006 car crash did he and his wife reveal their address to authorities.”

Busted in a car crash! Who would have made that call? I can embezel $130M but can’t figure out when to use my blinkers. 🙂