Friday Free-for-all!

It’s that time of the week again – Friday Free-f0r-all time!

Lets do 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:

Tools to cope with overheated market
Property tax proposal
Fed to raise rates in December?
Craigslist Math
Empty houses consume services
CMHC ‘walking tightrope’

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

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Brian Ripley
Guest
Brian Ripley

The October absorption rate for housing sales in Vancouver is 2nd only to Toronto in my 6 city study chart:

http://www.chpc.biz/mar-moi.html

3 months vs 2 months.

Londonernow
Member
Londonernow
patriotz
Member
CoB
Guest
CoB
Madashell
Guest
Madashell

Another Bubble Bursts: Ultra Luxury London Home Prices Tumble 12%
What changed? Why China’s far more aggressive crackdown on the exporting of hot money, of course. Just like in Australia.
http://www.zerohedge.com/news/2015-11-12/another-bubble-bursts-ultra-luxury-london-home-prices-tumble-12

Vancouver Next?

space889
Guest
space889

hmmm….so uhm…where are the sub $1M west side SFH? I used $3M as an example of west side SFH that everyone wants and was told I’m prone to hyperbole. So where is an example of a more reasonable $1M SFH on the west side?? Cuz, like every bear on this blog, I really want a west side SFH and if it is $1M, I would definitely want it at that price!

History
Guest
History

http://javed22.blogspot.ca/2015/11/social-discontent-is-biggest-risk-for.html

“The Chinese economic reform was accompanied by a business boom, when the possibility to make trading and human association extraordinarily profitable occurred . The fruits expected by the partners as the outcome of their association can truly be of many kinds. What establishes the worth of a business relationship is not only whether it produces profits but also the nature of the results expected by the participants of this relationship. It must be remembered that the large foreign exchange reserve was the result of ordinary Chinese labour working hard for the profits of their companies which were then invested abroad instead of being ploughed back into welfare schemes for the working Chinese. “

space889
Guest
space889

Silvercity Richmond Riverport has 4 mainland Chinese movies showing…man…in a few more years, it will probably be down to like 25% North American movies, 50% Chinese movies, 20% Indian movies, and 5% indepedents/specials. It wil be a total Chinese retcon.

pricedoutfornow
Guest
pricedoutfornow
I don’t foresee a positive future for Canada’s (and Vancouver’s) real estate market. Looks pretty bad to me. Things that are working against it: 1) Prices are just too high, hindering business investment, people hiring etc 2) Foreigners-may decide to leave the market if the government decides to actually do something about the alleged foreign investment problem-or even hints that there is a plan to do something. 3) Interest rates-to rise and keep rising over the coming years 4) CMHC-Government is stuck between a rock and hard place and they know it. There is a so-called “subsidy” offered to the banks, who take on very little (ie, no) risk when dishing out mortgages to individuals. The government wants the banks to have “more skin in the game”, but they know if they do anything, the banks won’t be lending to… Read more »
Oracle
Guest
Oracle

Priced out for now:

1) Interest rates won’t rise in Canada. They are working on 30 year terms like the USA. Those who got in early will be rewarded.

2) foreigners will continue to flock here. Easiest first world to get immigration and bring parents. Just try that in USA… Good luck.

3) Prices are high for YOU. But you don’t matter. It’s only those with $$$ that matter. Case in point. A McDonalds McChicken in India costs almost a days salary for a labourer. But McDinalds keep on opening while wages remain low due to overpopulation.

So don’t just think things will get better. Think.

Oracle
Guest
Oracle

Condolences to the families of people killed and also it would suck to be a innocent Muslim in France over the coming days. I’m sure they’re gonna be attacked and pushed out.

Yunak
Guest
Yunak

@2

This is what happens when foreign buyers exit the market:

It can’t happen here, we have enough “local foreigners” and “foreign locals” that can run this Vancouver-China boondoggle forever.

Yunak
Guest
Yunak

@8

“Silvercity Richmond Riverport has 4 mainland Chinese movies showing…”

Do they now show American movies with Chinese subtitles?

specuskeptic
Member

It seems as though media have been given permission to discuss these things more frequently – a chill before the election and a free for all after….

http://ipolitics.ca/2015/11/13/the-housing-market-is-the-bomb-under-canadas-economy-and-its-ticking/

paulb
Member
Active Member

New
142
Sold
289
TI:9729

For weekly sales intel on a specific neighbourhood/city of your interest in Greater Van, email me and I will customize a weekly update for you.
http://www.paulboenisch.com

Oracle
Guest
Oracle

Wow, this market is going to the moon.

Many people winning the lottery -> those that own a detached house in vancouver

The rest…TGIF. Get used to it. lol

Yunak
Guest
Yunak

@4

Van West Side Dunbar – rent for $2175..

It is a crap house for that much rent. Who would live there and pay that much unless use that for some sort of storage or some kind of “business”? Como’n just look at walls and windows, third world country lifestyle.

Carter
Guest
Carter

@12
There is no such thing as an “innocent Muslim” they are all culpable for this and capable of the same violent acts given the chance.

History
Guest
History

it smells like horsesh#t in here tonight

Shut It Down Already
Guest
Shut It Down Already

Carter, you’re a moron.

Gastrolith
Guest
Gastrolith

More than half of French Muslims want shariah law imposed, 42% of young French Muslims support suicide bombings and 16% support ISIS.

There’s more. 70% of French prisoners are Muslim and they make up a hugely disproportionate share of dropouts and the unemployed.

France was the first country to embrace large scale immigration from Islamic countries. They’re just further along the curve the the rest.

For anyone lacking basic critical thinking skills, Islam is a belief system not a race. Immigrants from India and even non-Muslims from Islamic countries like the Maronite Christians outperform native Europeans in income and education.

say whaaaa?
Guest
say whaaaa?

@19

Replace the word “Muslim” with the word “human” and I might agree with you. Read some history and you’ll see that Christians don’t have the best track record either.

Royce McCutcheon
Member
Royce McCutcheon

@Pope: Maybe introduce some modicum of moderation to discourage dime-store geopolitical insights that have zero to do with real estate? Plenty of other places to find that sort of braying. Just a thought.

right-or-wrong
Guest
right-or-wrong

ISIS are lunatics who have sprung out of the chaos that exists when you invade a country twice (Iraq) and destroy it’s existing social structure and fight proxy wars in the neighbouring country – Russia v US in Syria.

They have probably killed hundreds to a thousand Christians. But they have killed Tens of Thousands of their fellow Sunni Muslims who were too moderate or western for their liking and more Shiite Muslims whom they hate.

The day before ISIS set off Bombs in Beirut’s Hezbollah run district killing and wounding 280, which went unreported in our press. Google it. ISIS is everyone’s enemy.

franko
Member
Active Member
franko

@26

Unfortunately, there’s more.
Bomb on Russian airliner from Egypt claimed by ISIS.
95 dead and hundreds injured in Turkey, also claimed by ISIS.
Almost daily bombings in Baghdad too routine for the media.

If we could only find a way to tell the bad guys from the good guys, it might be more effective to get rid of the bad guys than opening our doors to who we think are the good guys.

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