Friday Free-for-all!

It’s the end of another week and that means it’s Friday Free-for-all time!

This is 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:

Assessments and sales
Canada in ‘serious trouble’?
Optimism Fading?
Rent vs. buy math
High debt a way of life
Oil brings doubt
Chinese investors not afraid of ghosts
Realtor Hunger Index at 68%
Prices down in Yuan

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

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Bear Vancouverite
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Bear Vancouverite

Sorry,the animated image is here:

http://i.imgur.com/Q9Ht3kz.gif

Bear Vancouverite
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Bear Vancouverite
@patriotz “Unless they are also self flying that is not going to make driving from A to B any faster.” @96 gives a good source which clearly refutes the above statement and you change the topic. Computer models show that autonomous vehicles will reduce congestion, allow more cars on the road, decrease accidents and ultimately decrease the time of the majority of passengers to their destination versus regular cars. To argue that cars are not an efficient way of transporting someone from A to B is besides the point of whether driving from point A to B will be any faster. Your statement that automation will not get you from point A to B faster is factually wrong. Movement logistics are heavily improved by automation in the following ways (many of which are currently in use) 1) Getting something from… Read more »
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“The answer to congestion on the Skytrain is simple – add more cars. Does that not sound simpler and cheaper than retooling the entire fleet of private vehicles for some dubious goal?” not feasible. there is no public transit system on the planet that isn’t packed during rush hour. to ensure that everyone had a seat during peak times the system would likely have to more than double it’s current capacity. in the end, people will vote with their dollars. live in a small expensive apartment in a crowded neighborhood, get on a crowded mass transit line full of strangers and stand for 45 minutes each day with your body pressed next to another person. or live in a detached house on a quite street and watch the latest episode of Game of Thrones as you sit back and eat… Read more »
Barb Rennie
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Barb Rennie

@91: ““Take advantage of this rare opportunity to own a complete North of 4 Legal Triplex in Pt. Grey.”

Tax roll says it’s a legal DUPLEX not triplex. I guess with a basement suite, dog house, shed, garage, closet…you may misinterpret it to be an actual 8-plex if you squinted.

patriotz
Member

@91: ““Take advantage of this rare opportunity to own a complete North of 4 Legal Triplex in Pt. Grey.”

Of course, the standard retort to such pitches is:

“If this is such a good investment, why are you selling it?”

patriotz
Member
@96: “you’re probably one of those people that suggests everyone else take public transit while they don’t themselves.” Wrong, I use public transit to get to work. And Ottawa is moving aggressively to expand its rail transit system and I am quite happy to pay my share of taxes to pay for it. The answer to congestion on the Skytrain is simple – add more cars. Does that not sound simpler and cheaper than retooling the entire fleet of private vehicles for some dubious goal? Do you think that it would be politically possible to make everyone pay for such a retooling, even assuming it would work? How many orders of magnitude more expensive than the proposed transit taxes – which everyone seems to be opposed to – do you think that would be? And just a note, I did… Read more »
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“Unless they are also self flying that is not going to make driving from A to B any faster.”

if you can sit in your car and work on your lap top or have your break fast, what difference does it make.

ever tried doing anything at all while standing in a packed skytrain? i doubt it. you’re probably one of those people that suggests everyone else take public transit while they don’t themselves.

but of course, according to those who study it, having computers take the wheel will most likely help you get from A to B faster.

How self-driving cars will ease traffic congestion
http://www.theglobeandmail.com/globe-drive/culture/commuting/how-self-driving-cars-will-ease-traffic-congestion/article15876882/

UBC in crisis mode
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UBC in crisis mode

@94
This property was purchased 26/May/2012, $2,156,570

New assessed value: $2,176,000

Asking $2,888,000

vangrl
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vangrl

#UBC – I’d be all over that one if it came down the predicted 63%! 🙂

Let’s assume $7000 a month in rental income if he manages to fill up his VRBO schedule.

http://www.vrbo.com/469995#rates

Future Man
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Future Man

I believe that eventually people will agree to live like hamsters just to own a home, in tall glass towers in the sky, with artificial elevated gardens and communal amenity rooms.

They will ride stationary bicycles to get exercise and watch hand held television-like devices to keep from getting bored.

The wealthiest people will be those who sell the most pants.

Barb Rennie
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Barb Rennie

I think that eventually people agree to living like mole people just to own a house.

33 foot lot with 3 suites?!! Did they not think that they could install a large dog house could be rented as storage, and the garage an artist studio? No doubt the shed would be an obvious money machine. The crawl space could serve as a grow-op.

I believe that you go around only once, live it well. Would you live like this if you knew you were going to get hit by a bus tomorrow? NO. You’d live as well as you can. Not a small tight cramped room. Crazy!

UBC in Crisis Mode
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UBC in Crisis Mode

Wow, live on Kits (Van West) with $7,000 monthly income!

“Take advantage of this rare opportunity to own a complete North of 4 Legal Triplex in Pt. Grey. Comprised of one 3 bdrm suite, one 2 bdrm & 1 garden level 1 bdrm suite. The owner occupies the 3 bdrm unit & rent out the other 2 suites for anaverage of $7000@month! The house was completed in 2006 & still has the balance of the New home warranty. All of the suites have hardwood flooring throughout, granite counters & marble baths.”

http://www.realtylink.org/prop_search/Detail.cfm?areatitle=&ARPK=&ComID=&agentid=&MLS=V1097281&rowc=17&rowp=16&BCD=GV,FV,VI&imdp=0&RSPP=5&AIDL=9&SRTB=P_Price&ERTA=true&MNAGE=0&MXAGE=200&MNBT=0&MNBD=0&PTYTID=1&MNPRC=2000000&MXPRC=9000000&SCTP=OPEN

Canis
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Canis

Pope please remove #89 asap.

Tiger
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Tiger

Obama says the Federal Housing Administration is cutting the cost of mortgage which in turns help people about $900 in savings per year

Obama is a dumb fucking nigger.if u cant afford to save $900 a year those porch monkeys shouldn’t buy a house

BWilson
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BWilson
Just looked up the assessed value of the Condo I rent in Coal Harbour, down $51k year over year and now $103k less than when we moved in back in 2011. The assessed value reflects roughly fair market value now, as the last two closest transactions (same floor plate) were roughly 2% below current assessed value. I still wouldn’t buy the unit as I’m renting at sub 2% cap rate despite the diminished value. Great point by YVR on the West Van and West Side detached sales: y/y change in sales West Side: Q1: +29.0% Q2: +12.6% Q3: +5.5% Q4: -13.7% West Van: Q1: +32.3% Q2: +21.1% Q3: -1.8% Q4: -10.5% Certainly some of the deterioration has to do with the fact that in 2013 sales picked up in Q2/Q3 from a very soft Q1, but that doesn’t explain the… Read more »
southseacompany
Member
southseacompany
“AMANDA LANG: Obama’s mortgage move could mark a return to dark days of America’s housing bubble”, CBC, with video. http://www.cbc.ca/news/business/obama-s-mortgage-move-could-mark-a-return-to-dark-days-of-america-s-housing-bubble-1.2894363 “Obama says the Federal Housing Administration is cutting the cost of mortgage insurance by half a per cent. The move — affecting first-time home buyers, minorities, and struggling Americans — adds up to about $900 in savings per year for each of 800,000 borrowers. The FHA believes the rate reduction will also bring 250,000 new borrowers into the market.” “The thing is, policies aimed at encouraging home ownership in America, including tax deductions on mortgage interest payments, arguably drew unfit buyers into the market and, in the asset bubble of 2006, created an environment that rewarded home ownership at all costs. To think the answer now is to repeat that mistake is an odd conclusion.”— Amanda Lang “While the U.S.… Read more »
patriotz
Member

@74: “vancouver will build expensive mass transit infrastructure just in time for the dawn of a new age. the age of the self driving electric car.”

Unless they are also self flying that is not going to make driving from A to B any faster.

@#84
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@#84
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Lamborghini Sales (Vancouver)

You will be a self-motivated with a network and speak and write fluent mandarin and English.

http://www.weissach.com/about/careers/

Extremly Rich Vavouver Chinese Home Owner
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Extremly Rich Vavouver Chinese Home Owner

VANCOUVER IS BLESSED WITH GREAT CHINA, WHICH HAS A INTERST IN MAKING THIS LOVELY AS A vacation retreat for its wealthy citizens and naval and airforce pesonels. Also van has the potential to be a future naval base for its Naval expansion once there is a friendly regime has been in power. Once there is a military and economic Alliance signed, Therefore, Vancouver real estate will be skyhigh for the coming 22th century. Th

patriotz
Member

@79:

Best thing is the article is this link:

Mansions for under $1 million

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my comments 78 78 are directed to patriotz.

“Funny how this “global commodity” sells for twice as much in Canada as the US, even in cities with little international exposure.”

Blast From The Past
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Blast From The Past

Bull! Bull! Bull! Says:
March 4th, 2014 at 9:53 am 42
nothing to see here folks, HAM is a myth! lol!

one of my mainland contacts who works as a immigration consultant in shanghi has told me that he has stopped processing applications to get into canada. he says that it is much easier to get into the USA, so that is what they are doing for clients.

his comments reflect almost exactly those of an immigration consultant interviewed in an article posted by VMD.

http://vancouvercondo.info/2014/03/pimco-talking-down-canada-again.html#comment-222952

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the US is 10 times our size, and it’s better able to absorb the chinese… for now.

Chinese homebuyers are flocking to these U.S. states
http://money.cnn.com/2014/07/23/real_estate/chinese-home-buyers/

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not really, since until recently the canadian government was selling canadian residents for less than the US.

what’s happened since IIP ended?

(US) Investor Visas Soaked Up by Chinese
http://www.wsj.com/articles/investor-visas-soaked-up-by-chinese-1409095982