We were right, you should have listened.

Ulsterman dug up this blast from the past: a posting from this here site in 2006.  At that time we recommended Vancouver real estate as the easy road to riches.  If you followed that advice you’re probably reading this now on a solid gold iPad while you recline on silk cushions with your feet in a bath of Diva Vodka. 


 

YOU can GET RICH in REAL ESTATE!

Are you ready to become so INCREDIBLY RICH that you no longer have to adhere to the standards and conventions of ‘civilized’ society? Are you TIRED of eeking out a day-to-day existence while you can smell THE REEK OF WEALTH all around you? Would you like to be able to walk through the mall without any pants and be so EXCESSIVELY WEALTHY that no one can utter a word about your pantless state, lest you unleash your personal squadron of vicious attack lawyers destroying their lives and reputations?

Well NOW you CAN!

Yes! Thanks to the MIRACLE of BOUNDLESS increases in PROPERTY VALUE you can now become a MULTI-MILLIONAIRE by investing in real-estate. And the best thing about it? This process requires NO EXPENSIVE COURSES OR SPECIAL EQUIPMENT. You don’t need any special skills or knowledge – In fact, you don’t even need a brain! THAT JUST HOW EASY IT IS!

Here’s how its done:

1) buy real-estate
2) sell real-estate (for more than you bought it for)
3) repeat and profit!

This SIMPLE MONEY-MAKING PLAN will see you swimming in your own personal GOLDEN BATHTUB filled with 50 dollar bills within a week. Within a month you will have SO MUCH MONEY coming in that you can hire people to MAKE MONEY FOR YOU. Within a year you will be so RICH, so INCREDIBLY WEALTHY that you will be able to buy yourself a SOLID GOLD SPHERE THREE HUNDRED MILES IN DIAMETER!

You will have the power to BUY AND SELL other people for your own amusement. Earth will be your playground and all that hear your name will COWER IN FEAR. So what are you waiting for? GET RICH NOW!

Why am I sharing my MONEY MAKING SECRETS with you? Because I care. I know that you personally have the RIGHT STUFF to dominate the globe and I want you to SUCCEED. And just to show you my generosity, my utter lack of personal greed or selfish motivation, I have just the thing to get you started. It’s a small leaky condo on the east side and it can be your stepping stone to UNLIMITED MIND-BOGGLING RICHES.

 


Remember, it’s never too late to take this advice! It’s entirely free and worth every penny paid! Stop slumping and start Trumping!

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Oracle
Guest
Oracle

Detached prices still will go up.

Immigration minister set to announce that we will take 10,000 migrants immediately from Syria.

Those areas of Vancouver and Toronto will go up in price (of course they won’t buy but I’ll let you think of how) Many of these migrants have family here. And it’s mostly young men coming. They will sponsor their families in due time.

space889
Guest
space889

@Whistler or bust? – And absolutely in way being influenced by the 0% interest rate policy run by all the major cnetral banks in the world? The same force that’s propelling all assets including Van RE to bubble level pricing?

As for the deal itself, lucky for the shareholders, but can you realistically say this is the norm? Or that you can replicate this year in year out? If you can, then I don’t think Van RE price would be a worry for you since you would be the world’s best M&A arbitrage hedge fund manager making tens or hundreds million a year.

Please don’t confuse luck with skill, or the stupidity of Ontario’s Teacher’s Pension Fund with your superior investing skills.

space889
Guest
space889

@Tiger – right, cuz native born Canadians are all such outstanding moral characters like Robert Pickton, Paul Bernado, Cliff Olsen, or those 8 people just arrested in Calgary for child porn??

Nobody in Canada has ever hit his pregnant wife for a minor perceived transgression ever! That’s why all the women’s shelters are almost always empty.

southseacompany
Member
southseacompany

“Central banks can’t save the markets from a crash. They shouldn’t even try”, The Guardian

http://www.theguardian.com/business/2015/aug/30/central-banks-cant-save-markets-crash-shouldnt-try

“Alarming data from China was met with a soothing hint about monetary policy. But treasuries cannot keep pumping cheap credit into a series of asset bubbles”

“According to some City analysts, the stock markets are pumped with so much cheap credit that a crash is just around the corner. And they worry that when that crash comes, the central banks are all out of moves to prevent the aftershocks from causing a broader collapse.”

“So we face the shocking prospect of central bankers, in thrall to stock market gyrations, making the world a more unstable place with promises of yet more cheap credit.”

southseacompany
Member
southseacompany
“Almost half of homes in New York and D.C. now losing value”, Financial Post http://business.financialpost.com/personal-finance/mortgages-real-estate/almost-half-of-homes-in-new-york-and-d-c-now-losing-value “Almost half of single-family houses in the New York and Washington metropolitan areas are losing value, a sign that buyers’ tolerance for high prices in many large U.S. cities may be reaching a limit.” “A steady rise in U.S. home prices since the bottom of the market combined with weak income growth has made housing less affordable, especially in big cities. Credit remains tight and demand is now being driven primarily by buyers dependent on mortgages, as foreign buyers and investors pull back from the market.” ““What happens in any bull asset bubble such as what we’ve seen is you run out of buyers,” said Chris Whalen, senior managing director at Kroll Bond Rating Agency Inc. and an adviser to Weiss. “It’s hard to get… Read more »
Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

most bears fail to develop testable predictions, which is why they never learn anything and continue to apply faulty “bear-logic”.

https://upload.wikimedia.org/wikipedia/commons/5/5c/The_Scientific_Method_as_an_Ongoing_Process.svg

patriotz
Member

@1:

You might note that the 1981 RE bust in Vancouver happened around the peak of the influx of boat people from Vietnam, which was far bigger than anything the government or opposition is contemplating today.

Cat in the hat
Guest
Cat in the hat
Brian Chen
Guest
Brian Chen

Two points:

@7. Good history lesson. But according to Wikipedia, there is are a total of 26,115 vietnamese people in Vancouver. That isn’t a great number to support your theory that the vietnamese “boat people” were far greater than what the minister is proposing. Just putting it out there for argument’s sake.

@1. I don’t think many Syrian refugees will buy million dollar detached houses. Don’t see how the minister’s announcement is really relevent to the detached houses’ prices.

Skook
Member
Skook

Hilarious 2006 post. It reads like something RFM wrote:

“This process requires NO EXPENSIVE COURSES OR SPECIAL EQUIPMENT. You don’t need any special skills or knowledge – In fact, you don’t even need a brain! THAT JUST HOW EASY IT IS!”

“…I have just the thing to get you started. It’s a small leaky condo on the east side and it can be your stepping stone to UNLIMITED MIND-BOGGLING RICHES.”

“Remember, it’s never too late to take this advice! It’s entirely free and worth every penny paid! Stop slumping and start Trumping!”

It’s right up there with RFM’s classic: The Ping Pong Protocol (PPPP)

http://vancouverpeak.com/showthread.php?tid=5238

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

@8

i only saw #1 posting facts. didn’t see any commentary, opinion, or judgment. white guilt strikes again. this may surprise you but non-whites actually talk about things like immigration policy and it’s impact all the while refraining from goosestepping. shocking i know.

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

Homeless millionaire: A tale from Metro Vancouver’s crazy real estate market

http://www.metronews.ca/news/vancouver/2015/09/02/north-vancouver-real-estate-market-squeezes-residents.html

patriotz
Member

@12:

So “homeless” is the new word for non-owners. But wait, there’s a happy ending:

With their move out date approaching on Saturday, her family wound up buying a house in August for just over $1 million. It’s much smaller, on an odd lot, is leaking and needs extensive renos, she said.

Dumb de dumb dumb.

patriotz
Member

@9: “But according to Wikipedia, there is are a total of 26,115 vietnamese people in Vancouver. That isn’t a great number to support your theory that the vietnamese “boat people” were far greater than what the minister is proposing.”

You are comparing the intake of one group of refugees to Vancouver with the projected intake of another group to the whole country.

You might also consider that refugees (and immigrants in general) tend to move to metros where their ethnic group already has significant representation. And in the case of Arab countries, that’s not Vancouver.

Confucius
Guest
Confucius

“New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,281 in August, up 8.7 per cent over August 2014”

http://www.vancouversun.com/business/metro+vancouver+detached+home+prices+rise+proportion+diminishes/11336238/story.html?__lsa=b146-2f2f

New listings are rising, but the sales pace has hidden this and kept total inventory low. Can sales continue at record breaking levels? Yatter mentioned that total inventory is the lowest for this time of year since 2007. Could we be in for another shock? Place your bets.

bestplaceonearth
Guest
bestplaceonearth

“You might note that the 1981 RE bust in Vancouver happened around the peak of the influx of boat people from Vietnam”

so you blamed the boat people for the bust? did you take your med today, Mr. arm-chair economist?

bobwestsiderealtor
Guest
bobwestsiderealtor

@7 You might note that the 1981 RE bust in Vancouver happened around the peak of the influx of boat people from Vietnam, which was far bigger than anything the government or opposition is contemplating today.

So now it’s the boat people analogy? How many different triggers for the impending crash have you incorrectly pointed out? 12? 30? 50?

See Post #6 above, re: scientific method. And then read up on Einstein’s definition of insanity and see if you can make the connection.

patriotz
Member

@17: “And then read up on Einstein’s definition of insanity and see if you can make the connection.”

OK.

The above quote has been mis-attributed to Albert Einstein, Benjamin Franklin, and Mark Twain. In fact, none of these great minds were responsible for such a convincing, yet blatantly incorrect definition. The first time it actually appeared in print was in a 1981 Narcotics Anonymous text (page 11).

http://www.huffingtonpost.com/2011/12/20/insanity-definition_n_1159927.html

So what are you on?

bobwestsiderealtor
Guest
bobwestsiderealtor

insanity. n. mental illness of such a severe nature that a person cannot distinguish fantasy from reality….

Whichever definition you prefer, the colloquial or the legal, they are both applicable.

Royce McCutcheon
Member
Royce McCutcheon

@Ulsterman (from earlier thread this week): Best of luck, sincerely.

southseacompany
Member
southseacompany
“Analysts expect Canada to maintain interest rates until 2017”, Globe & Mail http://www.theglobeandmail.com/report-on-business/economy/currencies/loonie-to-remain-weak-as-canada-us-monetary-paths-diverge-poll/article26204029/ “The latest round of policy easing in Canada is probably over but interest rates are expected to stay low for longer as the central bank tries to lift the economy out of a mild recession, a Reuters poll of economists found.” “Even if the bank did cut rates again, recent experience from other central banks shows that trimming a rate already close to zero does not wield much potency as a policy tool.” “Cutting rates again might also make it easier for Canada’s already heavily indebted households to borrow. The household debt-to-income ratio is near a record high, with much of that borrowing being channelled into the country’s housing market.” “Many economists have warned the long-booming housing market could be in store for a correction, though. A… Read more »
Newcomer
Member
Newcomer

As everyone who had engaged in sport or music will have noticed, doing the same thing and expecting different results is actually the definition of practice.

Best place on meth
Member
Best place on meth
Sorry to interrupt this fascinating debate about Syrian refugees vs. Vietnamese refugees and their implication on Vancouver real estate prices, but neither has any impact whatsoever BECAUSE THEY’RE REFUGEES WITH NO MONEY FOR CHRISTS SAKES!!! There is one reason and one reason only why prices are still going up right now and that is dirty Chinese money pouring into the city. The interest rate effect is long over and you can debate all you want that these corrupt bastards are only 5% or 10% or whatever of total SHF sales but it doesn’t matter because the locals that are buying are only doing so to keep up with the Wangs and the ones selling to these scumbags are buying elsewhere creating a ripple effect. If it wasn’t for the crooks siphoning their ill-gotten cash from that god awful shithole, prices… Read more »
space889
Guest
space889

@N – uhm… don’t you always adjust to improve? eg) run faster, kick a bit straighter, play with more tempo, etc. So you aren’t doing exactly the same thing repeatedly but very slightly different things, that to the causal observer, looks the same.

Best place on meth
Member
Best place on meth

At least this Chinese pig is being deported to the US.

http://www.theprovince.com/technology/Alleged+fighter+cyber+ordered+committed+extradition/11335505/story.html

Watch for his Richmond house to go on the market soon.

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