…Fake Ferraris, Fake Asian Buyers, Fake McMansions.
Connect the dots……

You say: “Ferrari”, I say “Fiero”, you say “Tomato”, I say what the #$@& ?

white culture is extremely disturbing yet fascinating at the same time

http://www.youtube.com/watch?v=XOMT3bRJXOo

so i’ve heard this ad on am730 a few times recently as I make my way through the best traffic on earth ™. It is advertising a seminar where you can learn to flip houses, a simple three step plan to “build wealth” with “other peoples money”. Lol I think they’re a little late to the party !

“So the government acually wants expensive housing?”

The gov wants flat housing. Falling prices are bad for the gov because CMHC will have to pay for defaults.

@ Softy

So the government acually wants expensive housing?

“Where am I going wrong?”

You are going wrong by not jumping onto the real estate band wagon, when you just explained why prices will say firm.

i totally agree with your comment(#85) space889

My two favourite quote from the article

1)We identified the absolute perfect person that we needed to come and help us and be a success, and they said the wage, and the salary, and the cost of living is now punitive for me to actually move to Vancouver. “The mountains are beautiful,” he said. “But if you can’t afford to actually ski, they are just an annoyance.”

2)How come Jimmy is still living in the basement without a job and apparently we need folks up north?” h

Bank sneaks out its results on a Sunday night, they can’t be good

https://www.google.ca/search?q=When+Deutsche+Bank+sneaks+out+its+results+on+a+Sunday+night%2C+they+can’t+be+good&oq=When+Deutsche+Bank+sneaks+out+its+results+on+a+Sunday+night%2C+they+can’t+be+good&aqs=chrome..69i57&sourceid=chrome&espv=210&es_sm=122&ie=UTF-8

Jack up the price of housing with cheap money……
Let the dollar drop by not raising rates which makes imported goods more expensive and
makes aformentioned housing cheaper for foreigners to buy while retaining
cheap money which……discourages saving.
Where am I going wrong?

“As many of us know, RE in Vancouver is a big lie,”

Real estate is not a lie. Real estate is “real”, as the name suggests. Moreover, falt, super high prices are also real. They have been real for 5 years for condos and this is year 3 for houses.

@79
As long it has granite countertops the wifey can hug every morning, it’s o.k..

Royal Bank “quietly” cuts mortgage interest rates.

Discuss amongst yourselves.

http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/royal-bank-quietly-cuts-mortgage-rates/article16402627/

#76
personally, I don’t come to this site for facts.
Anecdotes, rumors and the occasional lie are just fine with me.
As many of us know, RE in Vancouver is a big lie, perpetrated by Realtors and Developers.
So some of us, are just fighting fire with fire.

Small Spaces: A 290-Sq-Ft Home for Two

http://www.hgtv.ca/photos/gallery/?gid=44cf0be42fb37d2dbb812bf08be20818#!/0

B.C. Held Back by Few Jobs and Even Fewer Workers warm beaches and ski resorts are no longer enough to attract the talent the province needs to build a strong economy

http://www.bcbusiness.ca/your-business/bc-held-back-by-few-jobs-and-even-fewer-workers?utm_source=MagMail&utm_medium=BCBusiness+Newsletter&utm_campaign=BCBusiness+enewsletter+20Jan2014

@74
Fake Ferraris, Fake Asian Buyers, Fake McMansions.
Connect the dots.

Anyone else think this fire seems a bit suspicious in light the home was on the market?

Could it be that an insurance claim will provide the liquidity the owner needed:

http://www.vancouversun.com/news/Fake+Ferrari+erupts+into+flames+blaze+destroys+waterfront+home/9406176/story.html

I always thought that Lawers make bad politicians.
But this proves, Economists are worse.