@Patriotz

Bernanke wouldn’t be able to buy a laneway house in BPoE with that chump change.

I’ve been a lurker here for quite awhile, I decided to analyze the Vancouver chart from 1970s to now using Elliott Wave counts. It seems any way you look at it, we are at the peak, an imminent decline is about to take place that may last for over a decade. I sure won’t be buying now with the risk that is present.

Charts for your viewing pleasure. I favour chart 2 where wave major (5) has already occurred, and we’ve topped out. we’ll find out in 2015.

Chart 1: http://goo.gl/6m1SYW
Chart 2: http://goo.gl/S0p7gz

Housing is an asset like any other, which can be analyzed and charted just like stocks, bonds, futures, etc. Watch out below, the risk is too high.

Has anyone seen this interview with Jared Dillian talking about Canadian housing market, supply will cause the housing market to crash, over investment is over investment.
http://www.bnn.ca/Video/player.aspx?vid=453777

Bernanke earns $250K per speaking engagement, I think he can afford to pay the mortgage off easily, unless he or his wife got some really degenerate spending and/or gambling problem.

….but we have 800-lulu-lem and junk or something.

sorry guys. i’m partially retarded. too much crack.

not me…my mom. bitch.

ESL classes don’t teach newcomers not to dump old mattresses on the side of the street.

Despite the million $ homes, Richmond is not so rich.
It’s actually a disgrace.

http://www.richmondreview.com/news/277674091.html

Richmond received a D in all health categories—including hospital bed availability and access to family doctors—and was the only city outside Ontario to receive the low grade.

The study ranked Richmond nearly at the bottom in the housing category. Only Victoria scored worse. Poor indicators included income spent on mortgage and rent, meaning the total household income spent on housing in the 2011 census year was among the worst in Canada.

Income inequality also earned Richmond a D grade. The city ranked 48th in one poverty indicator that signals a high percentage of the population is classified as low-income.

Richmond also ranked near the bottom in the study’s measure of success of foreign-born residents, comparing the average income of university-educated immigrants to that of Canadian-born residents.

$ 380 monthly maintenance fee for a fixer upper.Insane!

Twentysomething buyer nabs Richmond condo under asking
KERRY GOLD
Special to The Globe and Mail
Published Friday, Oct. 03 2014, 12:53 PM EDT
Last updated Friday, Oct. 03 2014, 2:02 PM EDT
0 comments

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AA

8720 NO. 1 RD., UNIT 106, RICHMOND, BC

ASKING PRICE $190,000

SELLING PRICE $180,000

DAYS ON MARKET 12

TAXES $770 (2013)

MAINTENANCE FEE $380

YEAR BUILT 1975

Smartmoney (#4):

Where did you get the raw data?

Here’s the whole story.
http://www.theglobeandmail.com/life/home-and-garden/real-estate/twenty-something-buyer-nabs-richmond-condo-under-asking/article20912981/

HK residents have turned on protesters. reminds me of the BCPF

At least some were local residents fed up with the inconvenience of blocked streets and closed shops, and were perhaps encouraged to take matters into their own hands by police calls for the protesters to clear the streets.

“It’s not about whether I support their cause or not. It’s about whether what they are doing is legal or not,” said Donald Chan, 45. “It is illegal. It has brought chaos to the city.”

http://abcnews.go.com/International/wireStory/hong-kong-protests-shrink-leader-oks-talks-25935866

“Skytrain brought down by faulty modem”.
Welcome to Vancouver, world class city wannabe.

#13
HongKongers are only interested in making lots of money.
That’s why they want be coming to Vancouver.

http://qz.com/275562/anti-occupiers-are-tearing-down-protesters-tents-in-hong-kong/

important message when conducting state sanctioned civil disorder: the mob watching the mob is their greatest fear

#16

You mean it’s different here?

…and it’s off to court we go at tax payers expense:

City of Van v. CP Rail:

http://www.theglobeandmail.com/news/british-columbia/arbutus-corridor-dispute-headed-to-court-as-city-of-vancouver-sues-cp-rail/article20916672/

Imagine if they started running cargo trains through Arbutus again, property values would surely decline and that would probably have a knock on effect for the rest of the west side.

….Imagine if they started running cargo trains through Arbutus again, property values would surely decline and that would probably have a knock on effect for the rest of the west side…

There’s a distinct possibility that trains will be running through the corridor no matter what happens, either freight trains or transit trains – that’s what the city would have you believe. More likely, the notion of running transit trains through the corridor is nothing but a ruse by the city to depress the apparent value of the land. Once the city gets their hands on the property, it’ll be full speed unabated development with a few parks (i.e. gardens) left intact the mask the larger land flip.

I guess they could run “The Bautiful Empty Houses Sightseeing Train” down the corridor.

Garth has revised his forcast for Van and TO. 15% correction from 30%. Dr Doom giving up soon. Blog will shut doqn soon. How much more humiliation can one take? 7 yrs of spooking people to not buy homes when they should be buying.

#21
don’t get out much.
Been to Richmond lately?

Ponzi,

I live in Richmond. Market is fine. Homes over 2 mil, doing not as well. Who here has money for 2 mil homes? Who gives a fuck abt those homes. All u talk abt here is high end homes are in trouble when most u fools cant afford them.

What happened to 75% off by 2014? huh, what a bunch of doomers here. Oh ya, SPX was suppsoe to crash in 2011. Damn u fools dont know how to cash in at a time of opportunities.