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gokou3
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gokou3

Why such a long post when you can just say “POS”? 🙂

Vote Down The Facts
Guest
Vote Down The Facts

If they’d torn it down you’d have been complaining about all the old buildings being lost to developers. Can’t win.

Vote Down The Facts
Guest
Vote Down The Facts
Girlbear
Guest
Girlbear
UPDATE 1-Canadian existing home sales drop in August 17 Sep 2012 09:54 ET * Sales down 5.8 pct m/m, 8.9 pct on year * Declines seen across most of country * Tighter mortgage rules have cut demand – economist TORONTO, Sept 17 (Reuters) – Sales of existing homes in Canada dropped in August from July, notching the biggest month-over-month decline in more than two years, the Canadian Real Estate Association said on Monday in another sign Canada’s long real estate boom is cooling. The industry group for Canadian real estate agents said sales activity was down 5.8 percent in August from July. Actual sales for August, not seasonally adjusted, were down 8.9 percent from a year earlier. “While we always caution that housing market trends at the national level can and do run counter to trends in many local markets,… Read more »
Anonymous
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Anonymous

@Vote Down The Facts: “If they’d torn it down you’d have been complaining about all the old buildings being lost”

I think the point is what a joke Vancouver architecture is. This is all we have to preserve. A house built with the quality of a typical tree fort.

Anonymous
Guest
Anonymous

very humorous! sourly humorous by bears! they just wish once in their lifetime, that piece of valuable land belongs to them! they are just dumb enough that they cannot see past the top of the land. Time to move to Zurich or ottawa.

Vote Down The Facts
Guest
Vote Down The Facts

@Anonymous: “I think the point is what a joke Vancouver architecture is. This is all we have to preserve. ”

Nonsense.

VHB
Member
VHB
Looking forward, I’m pretty sure about this: – listings will continue high; sales low through October. – increasing numbers of delists as we go forward will slow total inventory growth through October. – put this together and inventory will top out at 20K and change in late October. – Going by history (including 2008), we should expect total inventory to drop 3-4K in November December. Then another 3-4K over the holidays, leaving us around 13K to start January. This happens because many people delist for the holidays. – with inventory in the 13K range, price pressure won’t be as high as it has been this fall. February-March is normally the largest price gains of the year because there are lots of spring buyers but little inventory. – January-April 2013 will see a huge orgy of new listings. The regular flow… Read more »
McLovin
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McLovin

Repost from last thread:

From the Canadian Business article:

” But while the average resale home price has jumped nearly 128% since 2000, rents have risen by just 16.7%, as measured by the Consumer Price Index. “

You can sum up the bubble perfectly in this short sentence. I don’t know anything more telling of the insanity that is Vancouver RE.

In a healthy market that was truly going up on fundementals like the bulls keep saying such as “limited land”, “inter-prov immigration” etc the rents would have kept pace perfectly.

This fact completely destroys the Bull argument.

jumpin in
Guest
jumpin in

“Civilization as we know it barely spans two centuries in this corner of the world.”

I know this is a humour piece, but I am wondering how many First Nation readers will find this sentence funny…

Vancouver
Guest
Vancouver

So much cheaper to buy vs rent now in Vancouver.

1-bedroom downtown is $1650 to $1700 = $20,000 per year.

$75,000 down-payment
$300,000 mortgage at 3% = $9,000
Property Tax = $1,300
Strata fees = $2,700
Total = $13,000 per year.

SAVINGS $7,000 or about 10% return on down-payment.

I will repost until this is not foreclosed on….

victoria
Member
victoria

LOL! Very good!

Many Franks
Guest
Many Franks
@Vote Down The Facts: I really hoped the point of this post would be obvious. My apologies; I just can’t seem to avoid obscurist humour. This is a teardown crack-shack of the worst kind and there is *nothing* here to preserve. I just wish I knew how much the new owner paid for it and how much the architect estimates it’ll cost to “rehabilitate”. I wonder if the heritage designation is being used to get concessions on bylaws such as zoning, and the owner and architect will waste as little time as they possibly can on the heritage aspect. It’ll be a rehabilitation by the letter of the law only (and no surprise, given that anything else is impossible — just look at those photos). Alternately, and more probably, the heritage designation may be an albatross that any potential developer… Read more »
Anonymous
Guest
Anonymous

@jumpin in: “Civilization as we know it barely spans two centuries in this corner of the world.”
I know this is a humour piece, but I am wondering how many First Nation readers will find this sentence funny…”

It depends on your definition of civilization.

Vancouver
Guest
Vancouver

So much cheaper to buy vs rent now in Vancouver.

1-bedroom downtown is $1650 to $1700 = $20,000 per year.

$75,000 down-payment
$300,000 mortgage at 3% = $9,000
Property Tax = $1,300
Strata fees = $2,700
Total = $13,000 per year.

SAVINGS $7,000 or about 10% return on down-payment.

I will repost until this is not foreclosed on+

Vote down the farts
Guest
Vote down the farts

@Vancouver: “I will repost until this is not foreclosed on….”

And I’ll be more than happy to keep foreclosing.

Wow! Major trolling this early in the morning. Could it be a zero sales day?

Vancouver
Guest
Vancouver

Vote down the farts – Can’t handle being a rent paying fool.. it hurts that much to see some simple math?

joe_blown_away_by_high_housing_costs
Guest
joe_blown_away_by_high_housing_costs
Vancouver Troll’s “I will re-post until not foreclosed on” is just so disrespectful to the readers and contributors of this blog. These re-postings have continued from last night, after several of Vancouver’s repeat posts were foreclosed on. The voting up/down of comments on this site is very democratic. Any reader, no matter whether they are bull, bear (or NDP contrarian like me) gets one vote. If your comment was voted down to the point of foreclosure, it means the diverse readers of this blog don’t like what you have to say. When you repeatedly re-post foreclosed comments, you are showing utter contempt for the democratic nature of this voting process. It just makes me mad that someone could be such a douche bag. I almost want to say that this re-posting of foreclosed comments should not be allowed. But I… Read more »
Teddybear
Member
Teddybear

@Vancouver:

Except,

I do NOT pay one bedroom $1650! My West End TWO bedroom, TWO bathroom, with insuite laundry, parking and storage included, costs exactly $1650 per month. If I owned, I’d be paying over 3000 with taxes and maintenance fees. So please, cut the b.s.!

Therefore, if you find morons that will pay your mortgage for you, keep them, buy them Christmas gifts etc. end every once in a while send them thank you notes!

Vote down the farts
Guest
Vote down the farts

@Vancouver: “Can’t handle being a ….” down click. 🙂 I like this game.

Vancouver
Guest
Vancouver

joe_blown_away_by_high_housing_costs – my comment was simple math. It’s correct and deserves to be noticed. People are so afraid of the fact that they vote it down. Being paranoid is pathetic.

Anonymous
Guest
Anonymous

@joe_blown_away_by_high_housing_costs: what is the point? any bullish post is being voted down. that tells you how open minded this blog is!

joe_blown_away_by_high_housing_costs
Guest
joe_blown_away_by_high_housing_costs

@Vancouver:

I can say that in the case of my rental unit, it is far cheaper to rent than buy. I have done the simple math.

Vancouver
Guest
Vancouver

Teddybear – I’m not talking about a beg bug infested west end dump. You might be a nasty bed buggy type. I like to live in relatively new condos. I rent by the way. I only live in Van for 6 months a year so no need to own for 12. But rents in this city are outrageously expensive. If I lived here for 12 months I would be buying in an instant.

Vote down the farts
Guest
Vote down the farts

@Vancouver: “Being paranoid is pathetic.”

Being an idiot is moronic, but some wouldn’t know that.

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