Friday Free-for-all!

Another weekend looms!

Inventory is at rock bottom levels!

We have temporarily turned off comment voting!

How you all doing?

What if this weekend we talked about the only thing that matters: data

Without data the causes and solutions to the Vancouver housing bubble are subject to endless bickering that devolves into nonsense.

WITH data the causes and solutions to the Vancouver housing bubble will also be subject to endless bickering, but at least the dabate could be based on facts.

That would be progress.

Post your thoughts in the comment section below and have a very good weekend!

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UnagiDon
Guest
UnagiDon

UBC’s board member Birgit Bennett
http://bog.ubc.ca/?page_id=4559
is Bill Bennett’s daughter-in-law:
http://sunnyokanagan.com/TheBennettStory.pdf

Her qualifications for this position include:
“director of the Kelowna Art Gallery board, as well as serving on the fundraising gala committees for the Rotary Centre for the Arts and the Daffodil Ball. Bennett also worked on the capital campaign to establish Kelowna’s Hospice House.”

StupidityCheck
Guest
StupidityCheck

Shut It Up Already,

Let me walk you through my original comment to Ted, since you obviously didn’t get it.
1. Ted now lives in Southern Cal.
2. Weather there is fantastic the entire year.
3. Vancouver weather usually sucks Nov-Feb.

That wasn’t so hard after all, was it?

elvince
Guest
elvince

The whole weather discussion is probably the most boring this blog has ever seen.

left already
Guest
left already

Maybe when looney goes to 40cents my US salary can afford that box in the sky in the remote dump that is Vancouver. By that time I wont want it anyway.
The RE bust in the dumpy place that produces nothing other than selling houses to each other, will be of epic proportions.
It is coming.
Meanwhile enjoy the continuous rain for then next three to four months, and dont forget to ski, golf and sail all in the same day.
Kisses from sunny California.

space889
Guest
space889
@67 – Cuz this blog hasn’t been taken out to the back and put out of its misery yet. This used to be good and now it is just filled 90% with racist hate fill crap that wouldn’t be out of place in Nazi Germany / Imperial Japan, with slivers of light every now and then. People complain about foreign money flooding in when it is only really a symptom of much bigger local society issues – government being bought and working for special interest rather than people, stupid immigration policies that actively promotes the intake of the corrupt and criminal and then refusing to deport them back to face their crime, the stupidity of locals who say one thing and do totally opposite once the $$$$ shows up, etc, etc, etc…. Seriously, watch some House Hunters show on HGTV… Read more »
say whaaaa?
Guest
say whaaaa?

@66

For someone who’s premise here is to “shut it down already” you sure post an awful lot …

Shut It Down Already
Guest
Shut It Down Already

63, check yourself. I’m not trying to claim it does not rain here, or that it hasn’t been raining. That would be ridiculous. The point is that after a couple of days of successive bad weather you all start bleating. What sort of fool lives in Vancouver m and moans about the weather? Either buy and umbrella or move somewhere else?

southseacompany
Member
southseacompany

“Canadian Household Debt Growing At Fastest Pace In 3 Years: RBC”, Huffington Post

http://www.huffingtonpost.ca/2015/12/04/mortgages-fuel-canadian-household-credit-growth-royal-bank-reports_n_8720022.html?utm_hp_ref=canada-business

“Mortgages helped boost Canadian household credit growth in October as it increased by 5.0 per cent compared with a year ago, a report by the Royal Bank said Friday.”

“The increase came as mortgage borrowing rose 6.0 per cent compared with a year ago, the fastest pace since October 2012.”

“And while variable rate mortgages remain low with the Bank of Canada holding its overnight rate target at 0.5 per cent, the popular five-year fixed offerings by many lenders have started to rise.”

wizard sleeves
Guest
wizard sleeves

California: drink Budweiser piss, breed a pit bull, and trample a Walmart employee all in the same day.

Sadly, the suicide rate is up 30% in Alberta.

http://www.cbc.ca/m/news/topstories/suicide-rate-alberta-increase-layoffs-1.3353662

StupidityCheck
Guest
StupidityCheck

60, That was actual weather history showing we have had more rainy days than dry ones since Nov 1.

But don’t let that stop your “only a couple rainy days” narrative.

Hçistory
Guest
Hçistory

“Some houses in west van are being listed and sold for $ 1 mill more than last sale a year or less ago…. “So I asked a local realtor and he said it could be paying a debt in China”

under this pretense, the selling price would reflect a distressed sale. Very odd, somethings fishy… There appears to be a market within a market, but where is the data? Surely there is enuf studious Chinese reading this thread that can write an undergraduate paper on this grey market, how it operates in China?

say whaaaa?
Guest
say whaaaa?

@60

Based on number of posts you’re giving Victor a run for his money. Keep it up chief, you can do it.

Shut It Down Already
Guest
Shut It Down Already

54, a link that suggests it might rain in Vancouver in November? Never saw that one coming. Congrats, I guess you win.

tedeastside
Member
tedeastside

vancouvers credentials.

-46th most liveable city…Moneysense

-mind numbingly boring…Economist

-most dishonest city in Canada…Symantec Canada

-most unhappy population in Canada….Stats Canada

-vancouver is like a tropical rain forest without the tropics, more like an ice age rain forest …David Duchovny

-vancouver is a very nice place if you like 400 inches of rain a day…Gillian Anderson

Laundered shirts
Guest
Laundered shirts

Some houses in west van are being listed and sold for $ 1 mill more than last sale a year or less ago
Never lived in
Not updated
House nearby cheaper left unsold
So I asked a local realtor and he said it could be paying a debt in China
Eg you could not pay a direct bribe in China now or you go to jail
You cannot just deposit $1 mill into someone’s account here the bank would want to know where it came from
But you could buy someone’s unlived in house for over market
Paying it that way
No trace no problem
I don’t know if it is true but it makes sense

bestplaceonearth
Guest
bestplaceonearth

and continue moaning !!!

2canchew
Guest
2canchew

…50, There’s nothing contradictory about what I said. It’s been a dry year but it happens to be raining today. Sorry if that’s confusing to you..

I’m sorry you’re confused about what’s confusing.

realist
Member
realist

@42 http://wolfstreet.com/2015/12/05/china-could-deliver-another-blow-to-the-u-s-housing-market/

“China Could Deliver Another Blow to the U.S. Housing Market”

“In the market for homes over $1 million, the Chinese make up one out of every 14 buyers – which is huge. In the top tier markets in San Francisco, Orange County or Manhattan, they can be 50% or more…
With that kind of buying power, they’re jacking up costs across the board.”

I am sure some of you will want to straighten out the author, Mr. Harry Dent, MBA (Harvard), as to why offshore buying of homes priced > $1 million could not ever drive up prices “across the board”.

StupidityCheck
Guest
StupidityCheck

Shit It Up Already, it’s rained every other day since Nov 1. You’re as clueless about weather as you are about real estate.

http://www.wunderground.com/history/airport/CYVR/2015/11/6/MonthlyCalendar.html?req_city=Vancouver&req_state=&req_statename=British%20Columbia&reqdb.zip=00000&reqdb.magic=3&reqdb.wmo=71042

Shut It Down Already
Guest
Shut It Down Already
Shut It Down Already
Guest
Shut It Down Already

50, There’s nothing contradictory about what I said. It’s been a dry year but it happens to be raining today. Sorry if that’s confusing to you.

southseacompany
Member
southseacompany

“Bonds Tumble by $270 Billion as Draghi, Yellen Batter Markets”, Bloomberg

http://www.bloomberg.com/news/articles/2015-12-04/bonds-tumble-by-270-billion-as-draghi-yellen-batter-markets

“The value of the U.S. fixed-income market slid by $162.5 billion on Thursday while the euro area’s shrank by the equivalent of $107.5 billion as a smaller-than-expected stimulus boost by the European Central Bank and hawkish comments from Janet Yellen pushed up yields around the world. “

2canchew
Guest
2canchew

“….A couple of days of rain after one of the driest years on record….

Nice logic there.

bestplaceonearth
Guest
bestplaceonearth

these miserable souls moan about everything…even a click from their keyboards. Hey, go downtown and enjoy the parade, and stop moaning!

Shut It Down Already
Guest
Shut It Down Already

A couple of days of rain after one of the driest years on record and the resident VCI clowns are back to the usual moaning about the weather. Guess what – it rains just about everywhere, and if you lived in a place where it didn’t you’d likely be moaning about that too.