FFFA! Rentals, Repairs, Indexes

Hey it’s the end of another work week!

And if you’ve been here before you know what that means: It’s Friday Free-for-all time!

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

Why don’t you buy already?
Marketing! Buzzwords!
Record debt, but no worries
Include transportation costs
And maintenance costs
Toronto beats Vancouver in crazy?
Vancouver island buyer or seller market?

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

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ILoveCharts
Guest
ILoveCharts

Woohoo, first post. Interesting times up here in Canada. Most folks are safe for today but stormy waters almost certainly lie ahead. It’s a slow process folks. Stay safe. Stay diversified.

registered
Member
registered

The bulk of Toronto’s sale activity is under the $1 million CMHC insured limit, ‘clever’ buyers rushing in for a 70 year old semi before the music stops and they believe themselves priced out forever.
It might be time to invest in a solid debt restructuring firm.

CanuckDownUnder
Member
CanuckDownUnder

I’m just glad we’ve made it 2 posts in without another moronic spiel about how hating the number 4 isn’t superstitious.

Interest Only
Member
Interest Only

Hey Gang – what is the consensus on March sales? I hear they look weak but wouldn’t mind a review.

Heard Herd selling
Guest
Heard Herd selling

March slow sales will be blamed on poor weather, meanwhile the rain this weekend should put out a few fire’s at Vancity open houses. Not lookn good the HAM really has disappeared 🙂

LL
Guest
LL

But seriously, than damn #4… I HATE that number!

OV
Guest
OV

last i checked four and death don’t sound anything a like… because, you know, this is canada and we speak ENGLISH.

Son of Ponzi
Guest
Son of Ponzi

The Chinese Beatles are in Vancouver.
I hear the Chinese Rolling Stones are coming soon, too.
They have a smash hit called “Sympathy for the White Devil”.

UBC in crisis mode
Guest
UBC in crisis mode

On the west side, more listings, few sales.

Average sold SFH: 3 million dollars.

Van West Sales (March, 2014)
apartment/house/duplex
listing 587 240 93
sold 102 41 18
listing (Feb) 551 244 82
sold (Feb) 293 154 47
Total listing 1837 836 237
Price ($1,000) 1825 3095 392

Hardy
Guest
Hardy

Today’s Friday free for all is brought to you by the number 4.

Proud White Man
Guest
Proud White Man

Why the number 4 superstition? There is simply no acceptable reason they can dislike it. We gave up superstitions a long ago here in the good west. We stick to things that work, like playoff beards and not touching the conference trophy.

would-be buyer
Guest
would-be buyer

@ubc in crisis: With declining sales are we seeing yet another record in average prices? If so, you know the RE industry will be all over that stat.

Crazy Story
Guest
Crazy Story

not about real estate or vancouver but this is a very interesting story that involves gangs, smuggling military weapons, and a state senator.

FBI sting shows San Francisco Chinatown underworld

Beneath the strings of red paper lanterns and narrow alleyways of the nation’s oldest Chinatown lies a sinister underworld, according to an FBI criminal complaint that has stunned even those familiar with the neighborhood’s history of gambling houses, opium dens and occasional gangland-style murders.

The federal charges, which allege a California lawmaker accepted money and campaign donations in exchange for providing official favors and helping broker an arms deal, cast harsh light on Chinatown’s tight-knit network of fraternal organizations and one of its most shadowy characters, Raymond “Shrimp Boy” Chow.

http://news.yahoo.com/fbi-sting-shows-san-francisco-chinatown-underworld-201940947.html;_ylt=ApxPaunTvdK5uNNlNpX_9FbQtDMD;_ylu=X3oDMTBsbzR0bHJyBGNvbG8DYmYxBHBvcwMyBHNlYwNzcg–

Skook
Member
Skook

CBC news story today – ‘BMO’s mortgage rate cut won’t have big impact on housing market’. They interview Ben Rabidoux to get his take on BMO’s move to drop their 5-yr fixed to 2.99%. He says its only a marketing gimmick; that others likely won’t follow; and, that it will last only a couple of months to drum up biz during the spring market and then will return to 3.5%

Here’s the link:

http://www.cbc.ca/news/business/bmo-s-mortgage-rate-cut-won-t-have-big-impact-on-housing-market-1.2588606

rainmaker
Guest
rainmaker

Coquitlam and Port Moody condos are going down, the few units selling are selling for -3-4% of the asking price, a lot still usold, and a lot been removed from the market…wife says can’t wait anymore so have been looking arond in the last 6 months…she’s aware prices are going down, but still insist to buy, or else 😉

DaMann
Member
DaMann

@Rainmaker

I’ll take “or else” for $500 Alex…

Proud White Man
Guest
Proud White Man

@Crazy Story

Thanks for this story. I knew those dirty Asians were all criminals. I’ve read a lot of stories about Asians having lower crime rates and violent crime rates, but this story proves otherwise. Look at these lies below.

“East Asians have lower official and self-reported crime rates than Whites”

“Asians commit violent crimes at about one quarter the White rate. ”

http://en.metapedia.org/wiki/Race_and_crime

Manna from heaven
Guest
Manna from heaven

Australia investigates foreign ownership of real estate. What will Canada do?

http://blogs.vancouversun.com/2014/03/27/australia-investigates-foreign-ownership-of-real-estate/

Apologies if already posted.

patriotz
Member

@17:

Those quotes are for the US, where the violent crime rate for whites is much higher than it is in Canada.

That said, I don’t think Asians in Canada have a higher degree of criminality than the general population. But if you think that only white people hold to ethnic stereotypes of criminality, ask a Chinese person what they think of Vietnamese.

patriotz
Member

@18: “Australia investigates foreign ownership of real estate.”

Round up the usual suspects. Meanwhile the government pumps the RE market with grants to buy, which believe it or not even foreign buyers are eligible for.

http://www.dailytelegraph.com.au/news/nsw/foreign-buyers-are-cashing-in-on-nsws-new-home-grant-scheme/story-fni0cx12-1226817242757

Quivering Whitepologist
Guest
Quivering Whitepologist

I don’t frequent Stanley Park much, as the most direct route crosses Denman Street. Can’t cross Denman, as I’m likely to end up a dead-man right?

That’s not superstition, just linguistics.

Crazy Story
Guest
Crazy Story

@Proud White Man

metapedia is not a credible source of information. in-fact it is a racist far-right site.

Can we IP ban “Proud White Man”? He is obviously race baiting, and now he is linking to neo-nazi websites. His posts make this site, and everyone on it guilty by association.

http://en.wikipedia.org/wiki/Metapedia

Metapedia is a multilingual “pro-European” electronic encyclopedia which states that it focuses on culture, art, science, philosophy and politics. It contains white nationalist, white supremacist, Neo-Nazi,[2] and far-right points of view.

Moneybags
Guest
Moneybags

@15 rainmaker
The condo market at the moment looks a lot like it did in 1993, i.e. too much supply and not enough demand. Add to that increasing interest rates and you have a disaster. Buying a condo right now is equivalent to financial suicide. I speak from experience as I bought a condo in 1993. It took 11 years to recover to the full purchase price.

Proud White Man
Guest
Proud White Man

@Crazy Story

Oh that’s a white site? I’m surprised they would post postiive stats on dirty asians, but I guess Asians do have a lower crime rate, as we whites don’t lie.

But seriously, I’m race baiting? You just posted an article that has nothing to do with real estate or Vancouver. You’re trying to portray a negative image of Chinese.

Proud White Man
Guest
Proud White Man

#19,

Canadians, in general, are less racist than most people around the world. There are still pockets of ignorace, and that is what I am addressing here. My parents are totally racist, but I always remind them to think objectively, and not to discriminate an entire race, because they’ve had a couple, or even one bad experience with an individual.

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