FFFA! Interest rates, towers & debt

Hey, it’s that time of the week again!

Friday Free-for-all time!

This is when we do our regular end of the week news round up and open topic discussion thread for the weekend.  Here are a few recent links to kick off the chat:

Canadian house prices flatten
Is it really non-mortgage debt?
Surrey discovers murphy beds
Zero % loans for suckers?
HPI & Teranet Disconnect?
Burnaby grows up
Jim will intervene
A major correction?

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

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Garth Turner (Real estate troublemaker)



LOTTO MAX $25 Million Winner – Morgan Harker (Victoria, BC)



U.S. stock markets hit all-time highs, but is fresh bubble forming?



Federal workers rewarded with spa visits, jewelry, iPods, gift cards



8 great perks of renting a home versus owning
While owning a home is the over-arching goal for most young people, renting may be a better option


Son of Ponzi

I’m still very indignant that our government favours German students with 400k Lamborghinis over our home grown boys and girls, who are struggling with high student loans debt.

Son of Ponzi

Expired/cancelled listings: 202


New Listings 167
Price Changes 112
Sold Listings 130



“What is Gregor Robertson doing in China anyway”

Not much.. just posing with communist statues, signing twin city agreements on behalf on Vancouver and playing a little soccer.



Interesting column from Carrick today in the Globe and Mail: http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/the-rise-of-the-miserable-canadian-homeowner/article15495215/ “…If houses are affordable, then why are so many homeowners unhappy about their financial situation? We should talk more about this because we’re not living in a rising economy that lifts all households. Wage and salary increases aren’t raining down on us. Moreover, interest rates will at some point start to rise and make it even more difficult to manage our debts. Will the financial burden of home ownership ease as you get older and presumably earn more? Depressingly, Manulife found that only 51 per cent of homeowners feel they will be able to retire debt-free. Too many of us still think owning a house brings financial security and, in the past, it most certainly did. But houses have become so expensive in some cities that they now bring… Read more »

Son of Ponzi

Did they send you to PC camp?

Son of Ponzi

Paul B. Is still counting new listings.
Must be high.

Son of Ponzi

I think posters on this blog are very educated.
I learn so much new stuff every day.
Thank you.


Hey pope, if you’re reading this: topics don’t load on my Android phone (Galaxy S3) anymore. The home page loads, but topics don’t. It worked fine a few days ago. I’m posting this from a PC.

Best place on meth

“For the record I have nothing against Phillipinos”….

” while claiming government low income assistance, and sponsoring all their extended family over to Canada putting a bigger burden on an already strained education and health care system, while putting local Canadians out of a job”….

“Seriously, can you even get a job at Tim Horton’s, MacD or other fast food places in Downtown if you aren’t Philippino?”

Possibly the most racist post I’ve ever read on this site.

The hatred is palpable, obvious and unmistakable.


@134: “If I want to have door knob in my house while I’m leaving there then why I forbidden from having them?”

You’re not. The city is setting standards for new construction. You can put any kind of doorknob in your house you want. Including the one in front of the computer.

Hibernating Renter

Got this in the mail today. Rennie has sunk to a new low.


I don’t need a translator to know when my home is being sold out.


If you’re a bicycle riding chicken that smokes and can’t open doors, Vancouver really is a paradise.


City Hall is will still be full of knobs when the ones on the doors are removed.


@ILoveCharts – so basically you are saying that personal rights and preference for private residence should be subordinate to public good as based/judged by some “expert”? Shower stalls are also much more friendlier and safer for seniors / disabled than shower + bathtub combo as they don’t have to step over an obstacle. So should all private residences bathrooms be required to have a shower stall installed or a walk-in show/bathtub combo? Electrical outlets are a hazard to babies & toddlers sticking things into them, so should child-proof electric outlets be mandatory as well? Should all electric outlets be higher than say 1m so kids under 2 can’t reach them? Tables with sharp corners can easily injury a baby, so should all furnitures have round, not square corners to avoid that? Glass can break and easily hurt people, so should… Read more »

Bull! Bull! Bull!

I’ll give you my door knob when you pry it from my cold, dead hands!

Son of Ponzi

Here at the Richmond welfare office, it’s mostly Germans with their Porsches parked outside.
After they receive their cheques the race up and down number 3 at 30 km per hour.


Tedeastside Says: November 18th, 2013 at 1:27 pm 126 Ask anyone who works at a welfare office in Vancouver…the majority of people are Middle Eastern. Filipino and a large amount of Hispanic. ——————————————————— Have u been to the vancouver welfare office thats on main & powell, china creek at Pleasant,41st& Earls or by kingsway & nanimo these are largest welfare office in Vancouver just go there and see who comes most ? Do know many people get welfare in this province more than $2.4 billion was spent providing income assistance to nearly 180,000 British Colombians across the province each month. In all of BC main & powell st welfare office have a 4 security guard posted during office hours everyday, do u see Middle Eastern. Filipino and a large amount of Hispanic make trouble at the welfare or just Caucasian… Read more »

Son of Ponzi

I say levers for the houses that are leveraged. 🙂
silly social engineers.


@122 space889:
I think the door knobs are a great idea. In fact, we should be doing more to build living spaces that can be used in flexible ways over the decades as demographics go through various changes. It’s common sense to ensure that today’s new buildings will work for someone who has arthritis. It would be pretty easy to make some other accessibility improvements as well and it will increase the value of the property over the long run.