Friday free-for-all!

It’s that time again…

Friday free-for-all time!

It’s time for our regular end of the week news round up and open topic discussion thread.

Post your news links, thoughts and anecdotes here and have an excellent weekend!

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FYI
Guest
FYI
Corrupt in Canada
Guest
Corrupt in Canada

http://www.cnbc.com/id/102807963

Let the schadenfreude continue.

Funny thing is I love how some people here think us Canadians would act differently if we were in the same situation.

People are sheep all over the world maybe especially in our own backyard. Except of course for all our online investment gurus here 🙂

space889
Guest
space889

@FYI – but but but but I thought only the big bad RED COMMUNIST dictatorship would resort to such tactics…..Western democratic government would never ever stoop to such dirty tactic??? My world is turning upside down now….

Actually, whenever I read comments on Globe & Mail, I feel it has been penetrated by Con party 50 cents army, spread lies and hate against opposition parties.

space889
Guest
space889
@Corrupt in Canada – Yes, I too find it amazing that our online investment gurus here, despite having full time jobs, can keep track of the markets real time and react to events faster than the highly paid pros who have to pay $100K+/yr Bloomberg terminal license fees to do the same thing. And they can also beat the pros year in year out without breaking much sweat, doing it part time. I’m amazed these gurus haven’t started their own funds and making a few million a year, instead of toiling in their existing jobs for what? $100K/yr and bitching about high housing prices. Seriously, a good portfolio/fund manager makes $3M, $5M, or even more a year easily. If you are making $5M/yr then those West van/Van West SFH suddently don’t look so expensive and out of reach anymore. Frankly… Read more »
vangrl
Member
vangrl

you guys do realize that you only needed to buy the Dow or TSX index 5-6 years ago to beat even detached housing?

Or a simple GIC to beat condo appreciation?

It was simply buying when there is panic in the streets, a pretty basic strategy.

But yes we are all investment guru’s who know more than the best analysts out there.

Now on to buying some beat up oil stocks that pay a decent dividend.

See how that works?

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

true vangrl, not owning a house is awesome! renters should be happy with their situation… but for some reason they aren’t. it’s very bizarre. it’s almost as if owning a house is better… but that’s irrational (and now unattainable)!

StupidityCheck
Guest
StupidityCheck

BBB, yes, many of us would like to buy, but only when the numbers make sense — like they do in Seattle.

http://vancouverhousingblog.com/2015/07/03/seattle-vs-vancouver/

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

@StupidityCheck

soon seattlites can join us in our homeless joy!

Chinese investors flood Bellevue, Seattle with big money

http://www.king5.com/story/news/local/bellevue/2015/06/11/chinese-investors-seattle-bellevue/71095644/

best place on earth
Guest
best place on earth

“many of us would like to buy, but only when the numbers make sense”

heard that before like…10 years ago! the numbers will never make sense at any point in time…opps, i forgot, you guys have a colorful charts and graph to prove it!

“you guys do realize that you only needed to buy the Dow or TSX index 5-6 years ago to beat even detached housing?

Or a simple GIC to beat condo appreciation?

It was simply buying when there is panic in the streets, a pretty basic strategy.”

it’s very easy to speak after the facts. you are so smart, i hope you did buy like what you said.

Royce McCutcheon
Member
Royce McCutcheon

To any complacent home owner trolling those born too late to participate in this market: rest assured, regardless of whether I stay or leave the Lower Mainland, I will ruthlessly exploit any crash that occurs here for my own material gain. Having engaged political and social leaders on this topic – and never hidden my views when asked about them by colleagues and friends – my conscience will be clear. I did what I could.

I can’t say when it will occur, but I intend to FEAST on you. And I am not alone.

Bye all. Be well.

vangrl
Member
vangrl

Do any Bulls on here even own a non-imaginary house in Vancouver?

Speak up!

Bull do you own? Corrupt?

best place on earth
Guest
best place on earth

why are you people to touchy? must be hitting a nerve !

i live in a trailer park near hope btw!

vangrl
Member
vangrl

State what and where in Vancouver you own.

Curious as to where to direct my condolences when the market implodes.

elvince
Guest
elvince

Actually, you don’t even need to time the market. Someone who has dollar-cost-averaged over the last 5 years on the TSE or the S&P has beaten condos, probably detached too. Dollar-cost averaging on an index requires 0 investing acumen. It’s really just filling a form.

That being said, I have both a mortgage-free house and stocks investments. How did I do it? It’s easy, just don’t live in Vancouver. That’s how most of us do it.

Oracle
Guest
Oracle

Majority of people thinking North Surrey prices going to 1 million per lot. Massive immigration from India, Philippines, Vietnam, and Korea.

Inventory is at a per capita record low anticipating this rise. The gov has sold its citizens out.

RFM
Guest
RFM
The VANCOUVER REALTOR HUNGER INDEX is the percent of realtors who earned no commission income for the stated month. For June 2015 the VRHI was 34%. How does this compare? The 18-year average for June is 39%. At 34%, the 2015 June VRHI was higher than 8 years and lower than 9 years since 1998. The lowest June inventory in nine (9) years and strong demand forced already high prices higher, especially in single family homes, where the HPI reached a stratospheric $1,123,900. Fueled by continuing historically low interest rates, a flood of foreign investment money and panic buying by uninformed and delusional buyers, the June sales rate is extraordinary! And unsustainable. And prices are unsupportable. For a complete analysis of the market dynamics of this firestorm, consult the DSM-5! (The Diagnostic and Statistical Manual of Mental Disorders (DSM-5), published… Read more »
best place on earth
Guest
best place on earth

can you calculate bear desperate index while you are at it too. btw, how does DSM-5 help you?

space889
Guest
space889

@vangrl: So bears can go and perform break and entering and other criminal activities of people who dare to speak up with different opinions?

As
patriotz Says:
July 2nd, 2015 at 1:30 pm 40

@12:

I have posted detailed financial numbers on my residences since I have moved to Ontario. Beyond that is not the business of this forum.

space889
Guest
space889

@vangrl – and if it is so simple regarding investing, why aern’t you running your own hedge fund and making a few millions a year?? Seems like you sure know how & when to buy and sell them.

crikey
Guest
crikey

@spacedOut
– and if it is so simple regarding investing in property, why aren’t you running your own real estate property empire and making a few millions a year?? Seems like you sure know how & when to buy and sell houses.

vangrl
Member
vangrl

He does, he developed Mister Rogers’ neighbourhood & sold to all his Bull buddies.

Their imaginary gains are outpacing both stocks and Van Real Estate, hence their bullish nature.

crikey
Guest
crikey

Hi all!
And you thought England’s recent own goal at the women’s World Cup was bad? Thanks to spacedOut’s, that site-admin-berating genius, this is your weekend reminder to CLICK CLICK CLICK on those ads that you see when you log onto this site!

Remember, clicking on the ads helps this site’s owner, and lengthens the longevity of this site!

Especially, you can click on any ads for any used house salespeople that you don’t mind being dinged a bit for being too lazy to manage their own advertising.

**THANKS, SpacedOut – We owe you one!** 😉

crikey
Guest
crikey

vangrl#21 said:
“he developed Mister Rogers’ neighbourhood”

oooh! Can we please replace Christy Clark with King Friday?

And no wonder so of those people many didn’t vote yes in the Translink referendum, they all know that “Trolley” is all the transportation they need.

Son of Ponzi
Guest
Son of Ponzi

One plebiscite done.
Next own:
“Do we really need 1million more people polluting the LM?”

paulb
Member
Active Member

New Listings 247
Price Changes 54
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TI:12761

For weekly sales info and/or daily new listing updates on a specific neighbourhood/city of your interest in Greater Van, email me and I will customize a weekly update for you. Stay on top of the market! http://www.paulboenisch.com

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