Remember the 70s?
Well back in 1978 Vancouvers own Condo King was a Real Estate agent with a proven sales record, big hair and a beard.
Here’s a bit of ephemera from the Rennie Vancouver photo stream:
Remember, the costume isn’t complete until you have the glasses and the striped tie.
Happy Halloween!
@Anonymous:
” I am still surprised by how many crappy cars there are here all over the Westside given the massive house prices…”
Who do you think lives in all of those basement suites?
That’s the irony – the more expensive it gets, the more slummy it gets.
@Patiently Waiting: “If they made it easier for traffic to flow through New West, they would just end up with more traffic…until they have gridlock again. New West has no incentive to improve the traffic situation. If anything, its in their interest to make their roads worse.”
You sound like Greggor Robertson and the Vision gang. Control traffic with congestion.
@vangrl: I got that letter from MBNA, what a rip!
@Patiently Waiting: Here’s a little something few remember about McBride Blvd. Back in the 1950s, it was originally planned to go through Burnaby. However, once it was built to 10th Ave, Burnaby decided to put a stop to it. They screwed New West BIG TIME. 😛
@chilled: If they made it easier for traffic to flow through New West, they would just end up with more traffic…until they have gridlock again. New West has no incentive to improve the traffic situation. If anything, its in their interest to make their roads worse.
Falling Vancouver real-estate prices and widespread expectations that they’ll fall further have sparked a rise in lawsuits from condo buyers who want to get out of their presale contracts.
Hotel Georgia condo buyers sue to opt out of presale contracts as Vancouver real estate market sags
From my last post I forgot to add that the declines included:
6.6 per cent in real estate
then the rest
0.6 per cent in manufacturing
0.1 per cent in construction
2.8 per cent in mining
0.4 per cent in oil and gas extraction
“Shrinking GDP suggests Canada hit by global slowdown
The Canadian economy shrank in August — the first time in six months — which economists suggested is a sign the global economic crisis is dragging on Canada.
Figures released Wednesday showed that Canada’s real gross domestic product shrank by 0.1 per cent, which is equal to about a $2 billion loss to the Canadian economy.
The news came as a surprise, after economists predicted growth of about 0.2 per cent.”
CTV : http://www.ctvnews.ca/business/shrinking-gdp-suggests-canada-hit-by-global-slowdown-1.1018557
–Cant believe this was a surprise, the economists should have been smarter than that…c’mon stop speculating and tell the truth.
Pope #96-#98
Time for an IP ban?
Rennie is not a god, but he’s my frikin hero!
Think of HOW MANY millionaires he’s made. He’s helped thousands and thousands of regular people get on the property ladder.
McLovin, he could have helped you. Actually, I somehow think that you and he would have established a very close connection, a special relationship could have blossomed. Just think of the possibilities.
there is NO FREAKING WAY VANCOUVER CAN DROP MORE THAN A FEW PERCENT AND EVEN IF IT DOES IT WILL BOUNCE BACK QUICKLY AND GO HIGHER…DID YOU NOT LEARN ANYTHING IN TWO THOUSAND AND NINE?
SHITBIRDS, ALL OF YOU.
McLovin,
Who cares about your $1600 portfolio? If you had bought a house think of the MILLIONS you would have (after tax (no tax!)) you chump.
@Anonymous: Thanks for the info on Miami Beach. I must have been hanging in the wrong part of town, or at the wrong time of day.
@YVR: Thanks for the info on Newport Beach and Laguna Beach. Haven’t been there. I’m more a Santa Monica kinda guy.
@Anonymous: Thanks for the info on Dallas or Houston. My Texas travels so far have been limited to Austin.
October 2012 summary Copied from PaulB’s number. http://www.paulboenisch.com/ Date List Price+- Sold Xpired Inv+- Inv S/L(%) 12.09.27 19497 12.10.01 304 218 92 1059 -847 18650 30 12.10.02 277 145 135 91 51 18701 49 12.10.03 245 142 90 79 76 18777 37 12.10.04 207 121 67 58 82 18859 32 12.10.05 235 155 73 108 54 18913 31 12.10.09 262 192 119 135 8 18921 45 12.10.10 278 180 73 94 111 19032 26 12.10.11 200 133 92 79 29 19061 46 12.10.12 202 139 99 72 31 19092 49 12.10.15 187 155 101 131 -45 19047 54 12.10.16 208 170 99 193 -84 18963 48 12.10.17 162 106 84 89 -11 18952 52 12.10.18 160 122 65 73 22 18974 41 12.10.22 166 155 90 107 -31 18943 54 12.10.23 186 159 136 68 -18 18925 73 12.10.24 168… Read more »
Know it pumpkins, BDK get ready for the Bernake pump on money supply juice. Visa knows money is cheap! The market can fly through a current lunch break but coming soon
“the next leg up”
I just wouldn’t take credit cards. Most people don’t care and would just pay by debit. I am sure most other small businesses would do the same. Earnings will go down not up. Time to short Visa stock if these reports are accurate.
With all due respect you they are more concerned with on-line retailers, airlines, and the big box stores of the world. Most people prefer and like to use credit cards. People are not going to use debit for purchases of over $1K. I am sure some places will refuse to take them as you say but it would be a huge competitive disadvantage for a company like Wal-Mart to stop taking credit cards. The fees will just be passed onto the consumer. Also the big retailers pay much less in fees than a small business.
@mclovin: “That said, if you can’t beat em, join em. Buy the stock and hold on forever.”
I am a small business and 2% to 3% is acceptable but there is no way I would pay more. I just wouldn’t take credit cards. Most people don’t care and would just pay by debit. I am sure most other small businesses would do the same. Earnings will go down not up. Time to short Visa stock if these reports are accurate.
Final sales chart for the month, updated:
Congratulations on your portfolio, i have one as well, thanks to the sale of my 600 square foot 40 year old apartment with “shared laundry” for close to $400,000…..suckers
Nicely done.
Only in Vancouver.
Vangrl – My apologies I did see the fee increase you were talking about. I wonder if they can get away with it in the US? They were going to pass a law limiting them to 1% after 2008 so I highly doubt they have the guts.
That said, if you can’t beat em, join em. Buy the stock and hold on forever. Visa and Mastercard are inflation adjusted toll roads. No credit risk (they don’t care if you can’t pay the bank does) monopoly, the more you spend the more they make, higher prices? (they don’t care they get 3% of that)
“I am not sure if your information is correct.”
just repeating what I just heard on the 6 p.m news.
They did say “in Canada”, so it might not be the case in the states.
Congratulations on your portfolio, i have one as well, thanks to the sale of my 600 square foot 40 year old apartment with “shared laundry” for close to $400,000…..suckers
” (in New West the whole streets are appearing to be for sale)”
It’s New West and traffic gridlock!!! Every time you blink you see a real estate sign, unfortunately it is the same one, you are stuck in traffic. New West civil engineers have yet to discover the left turn lane, never mind road improvements in general. Besides the Ozarks, there is nothing like the inbreeding withing New Westminster government and School Boards.
@HAM Solo: Reference Genworth MIC Chart
http://ca.finance.yahoo.com/q/bc?s=MIC.TO
Good find for small money “crash betting”. Thanks for posting.
Any tips on predicting ex-dividend dates?
i know it may sound weird, but i din’t see (at least where I’m driving daily) any reduction in ‘for sale’ signs, in some areas (in New West the whole streats are appearing to be for sale) it’s quite opposite.
Is it possible to have property removed from listings and have realtor still answering the calls? Does it make any sence for property seller to do such thing?
