Its that time of the week again!
Friday free-for-all time!
This is our regular end of the week news round up and open topic discussion thread for the weekend.
-we’ll add links later! (Hopefully)
So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!
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Record new car sales in June in Canada.
Let’s be honest here. The top 50% (who mostly are homeowners) are the ones benefiting from present gov policies. They are getting richer.
The bottom 50% are falling further behind and that’s where blogs like this come into play.
Again, record new car sales. Think about it.
@131 “Stash Pad – The NY real estate market is now the premier destination for wealthy foreigners with rubles, yuan, and dollars to hide”
The only problem with this statement is that real estate is the worst place to ‘hide’ money. Swiss bank accounts, gold bars, art or good old cash do not require registration with government entities which makes information on who owns it available to anyone. All that with it being the easiest asset to seize, impossible to move and one of the most illiquid to sell. People buy real estate because they think it is a good investment not because it hides or protects wealth. Quite the opposite.
Broadway & Commercial Skytrain station 2018
Ted, you are embarrassing yourself. You sound like a jilted husband who just can’t leave the past behind. She’s gone, man…she’s shacked up with another. Get over it. Or get some professional help.
like Lorne Goldman said vancouver is all about 8’s
Seattle dosent give a shit about 8’s……i guess when you have Boeing and Microsoft, your population is not so desperate for somebody else’s money …
vancouverites are salivating dogs, the most embarrassing people on earth
Toronto is tier 2…
Vancouver is laughable tier
when your biggest company is 1-800 got junk……what tier would be put that city into
Zooming sales (yattermatters)….prices…not so much.
House of cards is looking ever more shaky. We all know the foundation is rotted to the core.
@131: “We agree that Vancouver is, at best, a tier-2 city, but its RE market bears a definite resemblance to an indisputable tier-1 city”
Heavy foreign buying in the luxury sector – yes.
Inflated prices in the other 95% which everyone blames on the 5% – no.
More reverberations from Rainforest Whisperer’s blog…
Commentary from South China Morning Post’s Ian Young…
Best line in the article: “Savvy consumers might be used to keeping an eye out for Chinese fakes – but fake Chinese?”
We agree that Vancouver is, at best, a tier-2 city, but its RE market bears a definite resemblance to an indisputable tier-1 city. This is a
well-written piece, courtesy of New York Magazine:
“Stash Pad – The NY real estate market is now the premier destination for wealthy foreigners with rubles, yuan, and dollars to hide”
http://nymag.com/news/features/foreigners-hiding-money-new-york-real-estate-2014-6/
Wow look at all those 8’s… what a facking joke this sell out city has become.
From A.Shuchat’s blog. In the last 2 weeks, there have been 77 price changes with respct to single family houses of which 70 have been price reductions. Below are the top price reductions greater than or equal to 5%. Address LP Prev LP Change % Change Tot BR Yr Blt 5688 CHANCELLOR BV 5,388,000 5,988,000 600,000 0.10 6 1950 6168 COLLINGWOOD PL 4,480,000 4,880,000 400,000 0.08 4 2007 6512 DAWSON ST 1,180,000 1,280,000 100,000 0.08 6 1953 1671 W KING EDWARD AV 3,580,000 3,880,000 300,000 0.08 3 1949 6405 PRINCE EDWARD ST 1,199,000 1,299,000 100,000 0.08 3 1905 457 W 43RD AV 2,280,000 2,460,000 180,000 0.07 7 1990 143 E 48TH AV 1,288,000 1,389,000 101,000 0.07 5 1910 710 E 22ND AV 1,950,000 2,100,000 150,000 0.07 7 2003 3807 ARBUTUS ST 2,399,900 2,580,000 180,100 0.07 6 2007 96 E… Read more »
http://www.scmp.com/comment/article/1544348/china-must-allow-bad-loans-fail-good-its-economy
what happens to real estate here when the music stops in china?
# 125
If he can’t get a Canadian do apply for the door knocking job, he’ll probably hire a TFW.
well those white folks are cool. the Kitsilano white folks are boring with their yoga and lattes
Got some spare time? Help this realtor knock on doors!
http://vancouver.en.craigslist.ca/rds/etc/4548931746.html
I wonder who actually responds to this stuff?
1 out of 3 young Iranian men is gay
http://blogs.discovermagazine.com/gnxp/2011/08/1-out-of-3-young-iranian-men-gay/#.U7OFn5RdV-g
@ The Man
White kids will be our dope smoking tattooed dry-wallers…
What’s with the MSM obsession with cannabis in this town anyway? The smart asian (and white) kids don’t waste their time and money (and health) doing drugs of any kind.
@118 “I don’t think it’s so much that the asians are taking over, it’s that whitey is sliding down the evolutionary scale here. Asians kids are going to UBC to be our doctors, lawyers and engineers. White kids will be our dope smoking tattooed dry-wallers.”
Even scarier is the fact that after the bubble pops we won’t need so many dry-wallers. How will our kids afford their dope?
I bet we’ll see this nonsense soon in Vancouver…
Property developers in two of China’s weakest housing markets are offering to buy back homes above the purchase price to boost sales as demand slows.