Sales continue to drop

Via southseacompany, this little tidbit over at Global News on sales stats:

According to the Real Estate Board of Greater Vancouver, residential home sales in February were down 32.8 per cent compared to February 2018 and more than 42 per cent below the region’s 10-year-average.

Sales were also down 34.5 per cent from January 2019.

Read the full article here.

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bullwhip29
Guest
bullwhip29

well, congrats taxpayers…those poor destitute Richmond seniors will soon be able to enjoy subsidized fine dining at the new Minoru Seniors Center with featured entrees like Roasted Leg of Lamb Provencal with garlic potatos, zucchini and tomatoes (for $9) and Creamy Garlic Chicken with jasmine rice and stir-fry vegetable (for $7)
https://www.richmond-news.com/photos-videos/photos/photos-minoru-seniors-centre-1.23659812

Canada is for Canadians
Guest
Canada is for Canadians

The baby boomers have so rough ….

bullwhip29
Guest
bullwhip29

sure do. the ones not in the loop have to stand in line to get a table now…

Doomcouver
Member
Doomcouver

Yeah selling out the next generation was a lot of work.

Laibach
Member
Laibach

Female foreign students from South Asia are experiencing sexual harassment by landlords, exploitation by bosses, and ethno-cultural double-standards, all the while dealing with their own fears of being deported.

https://vancouversun.com/opinion/columnists/douglas-todd-female-foreign-students-endure-harassment-exploitation/amp

Best place on meth
Member
Best place on meth

The surge in foreign students from India is insane, I swear to god Trudeau’s intent is to destroy this country – that’s how much he hates it.

https://vancouversun.com/opinion/columnists/douglas-todd-indo-canadians-in-uproar-over-surge-of-foreign-students

Oracle
Guest
Oracle

Each foreign student will sponsor about 6 additional immigrants.

The ENTIRE Fraser Valley is going to be totally Indian within 15 years. It’s fine with me since you guys say immigration isn’t causing a housing crisis.

Oracle
Guest
Oracle

Told you guys.

Plus white single women with kids and Asian landlords are suffering the most in this immigration and population explosion.

But go ahead and bury your heads in the sand.

YVR
Guest
YVR

More failed NDP policy.

Vancouver’s unofficial Airbnb watchdog says he’s found 100s of bylaw violations

https://www.citynews1130.com/2019/03/10/vancouvers-unofficial-airbnb-watchdog-says-hes-found-100s-of-bylaw-violations/

Canada is for Canadians
Guest
Canada is for Canadians

You can’t blame the NDP for this it is not the NDP it is because of this:

https://thinkpol.ca/2017/11/12/pressure-mounts-on-city-of-vancouvers-kaye-krishna-to-resign-over-airbnb-fiasco/

Doomcouver
Member
Doomcouver

The anonymous post says it all:
“Tempest in a teacup. Airbnb is misdirection. How about the 18,000 condos that BC Hydro reported were only using enough electricity to keep a fridge running that was never opened?”

Airbnb is a very VERY small part of the crisis. The real crisis is housing speculation, and under-utilization of real estate. When the shadow inventory starts to list en-masse, the tsunami is going to completely destroy the local economy.

Dave
Member

Be nice to know what the real number is.

At what point in this correction should a ‘tsunami’ hit? Shouldn’t we be seeing it by now? My theory was to watch for entire floors of new buildings to get listed. For the most-part, I haven’t heard of that yet.

Simple Solution
Member
Simple Solution

38 units for sale in Vancouver House… thats almost 10% of the building….

Sizeable, but I agree, I think we will see more

Dave
Member

That building looks crooked to me. I’d sell too.

Burnabonian
Member
Burnabonian

LOL

What part of “Sales lowest in 40 years, 7 years of gains erased, houses literally selling for HALF of assessment” doesn’t sound like a Tsunami to you?

If your foot was on fire, you would be telling me that the steaks are done.

Dave
Member

The number of new condos that sold in Q4 2018 was the highest on record for a Q4 since forever. That’s the negative. The positive is that it still wasn’t enough to stop the net growth of inventory and unsold new condo presales are trending up.

For sure some single family homes have dropped a lot. But I suspect most aren’t in the market for a $7 million house being sold at $5 million.

In order for this correction to have legs, we really need to see growth in inventory. While it’s growing, I’m not sure it’s fast enough, certainly not a tsunami.

Burnabonian
Member
Burnabonian
What do you mean by “growth in inventory?” Measuring the number of MLS listings is meaningless, as not every unit that someone would *like sold* is actively *listed* at any given time. (And not every unit for sale hits the MLS.) Only a fool would throw his listing into a sea of 12,000 others, then lets it languish for 200 days while the sharks circle. The fact is that EVERY HOUSE IS FOR SALE. Let that sink in for a minute. The true measure of inventory is therefore completions. Below is a list of how much inventory has INCREASED each month since 2015. Total = >85,000 units! Also note that at the same time as we added >85,000 housing units, we only added 118,000 PEOPLE. Sorry, you were saying about inventory? Feb. 28, 2019 1050.00 Jan. 31, 2019 2120.00 Dec.… Read more »
Burnabonian
Member
Burnabonian

Yup. Shadow inventory = specuvestors waiting for the right time to take profits and/or save their skins.

As real as the first night in prison.

Every central bank in the world spent a decade flooding the world with a metric fuckton of free money.

People being people, they used it to buy up everything and anything including condos they didn’t need and couldn’t afford. But expect to make uuuuuuge gains on.

Stop me when I am making shit up.

So what else would happen next? Where else could that possibly lead?

The credit cycle is a cycle, after all.

Oracle
Guest
Oracle

Shadow inventory? LOL

There are almost 600,000 foreign students in Canada now with almost 3 million of their parents on 10 year tourist visas. Maybe this had an effect on rental supply? No? LOL

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Most foreign students leave after graduation.

https://vancouversun.com/feature/how-international-students-are-filling-funding-shortfalls/chapter-4

But I’m sure you have a snappy comeback to refute all of those troublesome facts.

Dave
Member

I have seen the parents buy a place just to stay there a few weeks of the year to visit their kids/grandkids, with a longer term plan of moving here permanently.

I bet there is a huge number of vacant condos that fit into that category, even with all the new rules and taxes.

I wonder what percentage of people here with PR have real jobs. Probably about the same percentage of students that buy a place while going to “school”, the immigration backdoor.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Try Statscan. It sure beats making stuff up.

Best place on meth
Member
Best place on meth

Why don’t you post the actual stat instead of being a rude, smug little prick?

Just try it for once in your miserable life.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Oh right, I forgot that it’s somehow my responsibility to do your fucking homework for you.

Best place on meth
Member
Best place on meth

You don’t get to assign homework to ANYBODY, twat.

You got that?

Simple Solution
Member
Simple Solution

HOLY CRAP…. each foreign student has FIVE parents!!! No wonder things are so crazy.

I would call you a moron but that is an insult to morons…

Oracle
Guest
Oracle

Another ‘genius’ who doesn’t know he’s a simpleton minion.

Numbers Lesson for minion: try to follow along.

It takes about 4 years for each student to become PR.

In order to hold the 600,000 total number, about 150,000 NEW students come each year. Along with their parents each year.

The students who got PR after 4 years….well their parents still have their 10 year tourist visa.

Hahaha. I was waiting for a simpleton to pounce on my original post.

Winner: Simple solution!!

And the name fits! Hahaha

YVR
Guest
YVR

Kaye Krishna the person you say is responsible was just hired by the NDP as B.C. deputy minister of municipal affairs and housing.

https://www.vancourier.com/news/vancouver-gm-hired-as-b-c-deputy-minister-of-municipal-affairs-and-housing-1.23617939

Canada is for Canadians
Guest
Canada is for Canadians

You were talking about what was happening in Vancouver.

YVR
Guest
YVR

Last time I checked Vancouver is part of BC which the NDP is currently governing.

Canada is for Canadians
Guest
Canada is for Canadians

Last time I checked she was working for the City of Vancouver which has their own bylaws and is separate from the province of BC.

Best place on meth
Member
Best place on meth

YVR wants to blame everything on the NDP.

Remember that seal that raided the koi pond?

NDP operative.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

“Krishna earned $265, 743 in 2017, according to the city’s Statement of Financial Information. ”

YVR
Guest
YVR

We can only assume the NDP are paying her more. I guess that is the going rate for an AirBnb lobbyist. They seem to be in high demand by both Vision and the NDP.

Selective Memory
Guest
Selective Memory

I went to the AirBnB hearings at city hall. I expressed big reservations about what Vision was proposing, but I can tell you the NPA would have done worse — they would have happily legalized AirBnB in basement suites and coach houses as well.

Laibach
Member
Laibach

Why nobody talks about realtors and their work/employment/cash-flow ? Assuming that sales are historically low so are the realtors commissions but nobody seems to be bothered by that. Have they previously amassed a shitloads of money that this slowdown is not even worth mentioning or everyone thinks it is just short pause before shit goes to the moon again or there is something else?

Oracle
Guest
Oracle

For most, realtors is a side job. Not the main job.

You can get the licence in a few months.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

A few months? Only if you fail the first two times.

Canada is for Canadians
Guest
Canada is for Canadians

and you know “most realtors” do you ?

Laibach
Member
Laibach

I could be out to lunch but I haven’t seen any fund manager, C-executive, lawyer, doctor or pilot to do RE as a side job but perhaps it could be different with drivers, masseuses, bouncers and strippers.

Oracle
Guest
Oracle

You’re out to lunch.

YVR
Guest
YVR

Are we supposed to be concerned if a realtor goes from making $400k per year to $250k per year?

southseacompany
Member
southseacompany

“Was the millennial dream killed by QE?”, BBC
https://www.bbc.com/news/business-47458921

“The starkest impact of QE has been on wealth, the value of assets, from housing to pensions. The money received by financial institutions in return for bonds sometimes got diverted into other investments – bulking up the prices of the value of shares or property, benefiting those already at the top of the tree the most. In addition, cheap loans further boosted demand in the housing market – for those buyers who could afford to cobble together deposits. The upshot was that property prices have risen by 43% over the past decade – far more than they would have done in the absence of the emergency injection of funds.”

southseacompany
Member
southseacompany

“Canada’s Housing Market Is Breaking Some Alarming Records Right Now. At least we aren’t Australia.”, Huffington Post
https://www.huffingtonpost.ca/2019/03/10/canada-housing-market-records_a_23688927/

“Canada is not alone. Housing markets from New York City to China are slowing, in the face of rising borrowing costs and — in many cases — years of rising prices that have pushed homes out of affordability range for many.”

Here are four record-breaking phenomena that suggest we have reached a real turning point in Canadian real estate.:
1: For the first time ever, there are fewer mortgages in Canada than a year ago
2: Vancouver’s housing market hasn’t been this quiet since 1985
3: Canadian household debt is growing at the slowest pace in 36 years
4: Home construction hits a 3-year low, as population growth booms

Burnabonian
Member
Burnabonian

Incredible. No-bid indeed.

Also no chance the average Vancouver boomer doesn’t have shit running down his leg right now.

Never mind developers, whose financing is not exactly always from grade “A” top-tier lenders.

southseacompany
Member
southseacompany

” Canada added 56,000 jobs last month, blowing past expectations”, CBC

https://www.cbc.ca/news/business/canada-jobs-february-1.5048275

“he strong February figures come on the heels of an even bigger gain of 66,800 jobs in January. That’s the best two-month stretch for the job market since 2012. ”

“”While the Bank of Canada may consider this a positive report, we expect them to keep interest rates steady this year given the multitude of risks facing the economy,””

southseacompany
Member
southseacompany

“Why are hundreds of luxury Vancouver mansions being rented for cheap?”, CTV News
https://www.ctvnews.ca/canada/why-are-hundreds-of-luxury-vancouver-mansions-being-rented-for-cheap-1.4329800

“In Vancouver, where sky-high real estate prices have made ownership impossible for many, it’s suddenly not too difficult to live like a king.
Last week, author and housing advocate Kishone Roy found approximately 800 Vancouver-area mansions for rent on Craigslist for prices well below what they would normally command.”

“Sehrish Qureshi is one of 14 students who applied online and was placed in a Vancouver mansion nicknamed “the castle,” paying around $1,000 a month for a mansion with a pool, home theatre, and games room.”

southseacompany
Member
southseacompany
“Should you sell your home to fund your retirement?” CBC News https://www.cbc.ca/news/canada/british-columbia/otc-column-sell-home-retirement-1.5049688 “According to the latest sales figures, the downward trend in Vancouver’s real estate market is firmly in place. The average price for a house on the west side is $2.9 million compared to over $4 million just a year ago. Values on the east side have dropped on average by $325,000 — from $1.7 million to $1.375 million. Condo prices are also down by approximately nine per cent.” “The best time to sell is during a hot market, but unfortunately many do not list their home due to FOMO, the fear of missing out. Instead, they delay and only list after prices begin dropping, during a buyers’ market. While not ideal, even after the recent drops you may want to consider selling your home if it means that… Read more »
Bubble
Guest
Bubble

Flipping gone bad:
https://www.rew.ca/properties/R2323953/5988-newton-wynd-vancouver-bc

Bought at $7,790,000 four years ago, put on the market right away for $11,000,000 +. Four years, no takers. Now $9,980,000.
Yearly various tax $60,000?

Sales History:

5988 NEWTON WYND
Date Comments
2018-Nov-20 Listed $9,980,000
2018-Nov-13 Terminated $11,280,000
2018-Jan-15 Terminated $11,380,000
2015-Mar-01 Sold $7,790,000

YVR
Guest
YVR

It just shows how much inventory is actually people fishing for unrealistic prices. It will never sell for $10 million so why bother.

Doomcouver
Member
Doomcouver

Just another speculator emboldened by low interest rates and the promise of ever-rising housing prices. They’ll slash their asking price partway through the coming correction, but it’ll be too late, no one will want it for less than ~80% off.

Bubble
Guest
Bubble

In Vancouver, hundreds million dollar mansions on the rental market for low rentals:
https://youtu.be/JlSt8ByMJW8

YVR
Guest
YVR

Low rentals? The craigslist ads they show have rents in Vancouver at $7000, $25000 and $15000 per month and one in Richmond at $4650. Are those low? Now people are supposed to rent a house and share it with 10 people to make it affordable? Thanks NDP that is awesome. If you can find 10 roommates you can still live in Vancouver.

SilentBob
Guest
SilentBob

It took 20 years or more to build up to this. The unwind could be equally drawn out.

Best place on meth
Member
Best place on meth

YVR wants it fixed NOW!

So does his balcony buddy.

Oracle
Guest
Oracle

You are delusional if you think they will let this correction last.

Simple Solution
Member
Simple Solution

You are insane if you think they can stop it at will

YVR
Guest
YVR

YVR wants the Eby and NDP to keep their election promises. They are 2 years in and it is one broken promise after the other. We now have the people spinning rents of $25000 per month as some type of success. FFS that is $300K per year for rent. A husband and wife that are both doctors can’t afford that rent. If it wasn’t so sad I would just laugh at you partisans cheer leading this “10 people share a 10 bedroom house makes rents affordable” stuff. It reminds of when the banks were spinning the go in on buying a house with your friends to make it affordable. Now under the NDP we need to get 10 friends just to afford renting a house.

Selective Memory
Guest
Selective Memory

I know people who were doing this 8 years ago. Were the NDP in power then?

Oracle
Guest
Oracle

Don’t even bother here. These guys are sooooo lost its unbelievable.

The whole extrapolation thinking. “If NDP does this much in 2 years, imagine how much they will do in 20!” “10X as much”.

Ironically, the joke is going to be on the guys here.

Canada is for Canadians
Guest
Canada is for Canadians

No one is expecting a place to rent for $25K to one person. Get real. The point is that it is now in the rental pool whereas before it was vacant. This is proof that the NDP’s vacancy tax is working. The owner/speculators just want it occupied so they don’t have to pay the tax and they will likely rent it for much less than $25K. What would your beloved Liberals have done? Hint: nothing.

YVR
Guest
YVR

A house with a rent of $25000 per month is just as useless as a house sitting empty. Nobody is living there either way. The fact people must get 14 friends together to rent a single house shows the rental situation has deteriorated under the NDP. That was unheard of before. As we see housing starts falling under the NDP expect it to get worse.

Selective Memory
Guest
Selective Memory

Unheard-of by you, it seems — a meaningless metric.

Canada is for Canadians
Guest
Canada is for Canadians

It will rent for less than $25k. The goal is to get it occupied and not pay the tax. The rent amount is irrelevant. It could rent for a dollar.

YVR
Guest
YVR

The CL ad states available September 2018. This house has been sitting vacant at this asking rent for at least 6 months now. An empty house is still and empty house even with a CL ad asking for a ludicrous rent. Solves nothing.

Canada is for Canadians
Guest
Canada is for Canadians

So the vacancy tax is working. Thank you to the NDP.

Oracle
Guest
Oracle

Another above list sale in Surrey. Open house cancelled even before it began. Days on market <4.

144/91B detached.

Market alive. Bidding wars are still happening.

Canada is for Canadians
Guest
Canada is for Canadians

Address or MLS number?

Best place on meth
Member
Best place on meth

No MLS number, this happened in Surrey, England.

SilentBob
Guest
SilentBob

Just trust him.

Oracle
Guest
Oracle

Or don’t. I really don’t care. Take it for what it’s worth.

Specuskeptic
Member

It’s worth nothing. You are a chronic liar. Full stop.

Oracle
Guest
Oracle

R2346050 is the MLS number.

Hahaha. You guys really live in fantasy land thinking this can’t possibly happen.

Canada is for Canadians
Guest
Canada is for Canadians

So says the guy living in his own fantasyland

Simple Solution
Member
Simple Solution

Maybe it sold… still shows available on MLS but we all know Oracle sourses way may current than MLS. I guess we will find out in the next few days..

Meanwhile, 87A avenue still available at 777K. This is the one where you reported going to the standing room only open house that was full of buyers with bank drafts in hand… That was the fantasy open that did not exist.

It is open today though so let us know how it goes…

Canada is for Canadians
Guest
Canada is for Canadians

All the 87A houses are still for sale.

Oracle
Guest
Oracle

If they are, that’s excellent news then.

That’s exactly what I want. The market to go down the next leg from these prices.

Oracle
Guest
Oracle

Just checked on realtor. The one we couldn’t get into isn’t on it. So it sold.

Simple Solution
Member
Simple Solution

which one?

Oracle
Guest
Oracle

On way of the the 2 I mentioned last week. See the past posts.

Simple Solution
Member
Simple Solution

The one of the 2 you mentioned…. ya, thats what I figured…. cant even provide an address for your fantasy

Shut It Down Already (original)
Guest
Shut It Down Already (original)

No address, no approximate asking price, no nothing. He’s just relying on you to forget to check zealty in a week from now. That’s a pretty good bet, too, because he’ll have made another dozen outrageous claims by then. Standard procedure.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

The one that’s been terminated by the realtor so that they can relist and pretend it’s new on the market.

Oracle
Guest
Oracle

Shut up Commie! Don’t you have anything better to do than always trying to mess with Canadian values.

Try to fix China instead.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

You consider outright lying to potential buyers about their life’s biggest purchase a Canadian value?

Doomcouver
Member
Doomcouver

They don’t call him Whoracle for nothing.

southseacompany
Member
southseacompany
“Morneau urged to tread carefully”, Calgary Sun https://calgarysun.com/life/homes/morneau-urged-to-tread-carefully#comments ““On the surface, ideas like relaxing the mortgage stress test, extending the maximum amortization period for insured mortgages, or increasing the amount of RRSP take-out for a first home downpayment might bring short-term relief to buyers. But they do nothing to address what we believe is the root of Canada’s housing woes — gaps in the mix of housing options in some of Canada’s larger markets. Meanwhile, the measures won’t address the issue of high household debt, and may actually inflate home prices.”” ““We take issue with the notion that Canada has a homeownership problem in the first place,” he says. “On average, more than 40 percent of Canadian households under 35 years of age own their own homes. And the proportion of all Canadian households who own a home is one… Read more »
Canada is for Canadians
Guest
Canada is for Canadians
paulb
Member

New
178
Price Change
81
Sold
62
TI:12608

http://www.clivestevepaul.com

Simple Solution
Member
Simple Solution
Dave
Member

No, I haven’t lost my mind, I was just in character:

https://www.youtube.com/watch?v=Q4PE2hSqVnk

I guess none of y’all recognized all the lines from that famous scene, or my av.

Don’t worry, I’m not a bull right now. I’m between neutral and bearish.

Best place on meth
Member
Best place on meth

I had no idea Alec Baldwin could an even bigger prick on screen than he is in real life.

Canada is for Canadians
Guest
Canada is for Canadians

so you’ll stop posting your garbage now ?

Simple Solution
Member
Simple Solution

Well played….. well played

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Oracle must be overwhelmed by all the apologies they’re receiving.

Canada is for Canadians
Guest
Canada is for Canadians
Best place on meth
Member
Best place on meth

He’s apologized for everything except the one thing he should be apologizing for, his obstruction of justice.

franko
Member
franko

Wonder how much the apology cost us in plane fare and accommodation for his entourage.

Simple Solution
Member
Simple Solution
bullwhip29
Guest
bullwhip29

Three men were arrested this morning on federal charges alleging they took part in a scheme that used millions of dollars wired from China to purchase seven residential homes in San Bernardino County that were converted into illegal marijuana grow houses
https://www.ice.gov/news/releases/3-socal-men-arrested-scheme-which-chinese-money-allegedly-funded-7-inland-empire

bullwhip29
Guest
bullwhip29

City of Victoria wants province to change assessments on short-term rental condos
https://www.richmond-news.com/city-of-victoria-wants-province-to-change-assessments-on-short-term-rental-condos-1.23657783

Laibach
Member
Laibach

All will be well with US/China trade war. Miami connection is a strong one.

“Founder of a massage parlor where Robert Kraft was arrested is a Trump donor, frequent Mar-a-Lago partygoer and White House guest who was seen watching the Patriots win the Super Bowl with the president”

https://www.dailymail.co.uk/news/article-6786845/Founder-massage-parlor-Robert-Kraft-arrested-Trump-donor-frequent-Mar-Lago-guest.html

Big Bear
Guest
Big Bear

When you don’t even bother to put the ad in English: https://www.airbnb.ca/rooms/31470109

bullwhip29
Guest
bullwhip29

amateur hour… “host” should know $588 is a very unlucky number

bullwhip29
Guest
bullwhip29

“This host has 8 reviews for other properties.”

Laibach
Member
Laibach

Less headache. It is our thing, what’s said to the family stays in the family.

southseacompany
Member
southseacompany

“Availability of newly built and presale condos skyrockets in Metro Vancouver: report”, Business In Vancouver

https://biv.com/article/2019/03/availability-newly-built-and-presale-condos-skyrockets-metro-vancouver-report

“In its quarterly State of the Market report for the Urban Development Institute, real estate research firm Urban Analytics said that the number of concrete condos that were either released for presale or completed and unsold, at the end of 2018’s fourth quarter, was quadruple that of one year prior.”

Dave
Member

Four times a small number is still a small number. Keep in mind that a RECORD number of new condos sold in Q4 of 2018. So demand is still very strong, unprecedentedly strong. But, anybody who goes to open houses already knows that.

Add in the fact that we’re struggling to even break 13,000 listings. New listings slowed down in February and looks to be the same for March now too.

And then we have strong employment growth (look at the link below) and falling interest rates.

Put all that together and what do you get? That’s right, opportunity.

Joe Money
Guest
Joe Money

Interest rates, while on hold right now, have been rising the last few years. Strong employment growth will only put more upward pressure on rates.

Put that together and the great unwind may have paused, but will sooner or later will continue.

Central banks’ money conjuring can’t last forever – the economy will have to grow up and sustain itself.

And that goes for housing, too.

Oracle
Guest
Oracle

Don’t bring numerical facts into this Dave. Let these Neanderthals cheers the ‘crash’ only to realize that when they hit the pavement, their fake MSM induced reality isn’t the same. The looks on their faces will be priceless.

You know the truth. Use it. You can’t rescue or help the dumb.

xyz
Guest
xyz

@ Dave

….so why are you hanging around here year after year? Why don’t you get on with your life and go after those “opportunities” as you see them? Are you a real estate agent or someone in the industry? I’m beginning to think that you are.

Oracle
Guest
Oracle

Serious?

We are priced out. And unless the real reasons are addressed, nothing will change.

The morons here are cheering left field events while the game hat needs to be looked at is in right field.

That’s why we are here. But after years of trying to convince some of the people here, no luck. They would rather side with the trolls.

Dave
Member

I’m here from downtown and I’m here on a mission of mercy. Somebody has to get you to the finish line. I’m here to help you get there.

For the last three years, people complained there wasn’t anything to buy. Well here it is. You have choice. Then you complained prices were too high. Well, here’s your discount. And then you complained about rising rates. Well, they’ve peaked out. And then you’re worried about the economy. We just posted huge job numbers. Now what’s the excuse? We’re out of them.

Put the coffee down. Coffee is for closers only.

xyz
Guest
xyz

@ Dave

Thanks for the reply….I must say in all seriousness and after reading your prose….if you aren’t currently in marketing, then I think you should be!

Dave
Member

Yes, persuasion is part of my ‘talent stack’.

I use it everyday, but not just in marketing and sales. I see that and good English as being some of the best tools for a person to have in their career. It doesn’t matter what career and if anything the careers that seem to need it least are the ones to benefit the most.

For example, you might think these skills are important in the field of law and that is true. But, law school requires that skill set so almost all lawyers are proficient to a reasonable degree in both. But one might think an accountant or computer programmer wouldn’t need such a skill set. The fact that most in such professions don’t, is what sets you apart.

YVR
Guest
YVR

“Yes, persuasion is part of my ‘talent stack’.”

Unless you are trying to persuade people that you are an idiot then your persuasion is failing. If in fact you are going for the idiot thing then I agree. You are a winner.

Laibach
Member
Laibach

Although this sounds like a classic sales pitch, probably “Dave” is not a real estate insider but rather a RE-Market High Roller, land and yacht owner, and extremely expensive watches aficionado and collector who happens to like to generously share his lucrative visions with plebs.

Dave
Member

I can go out there tonight and make myself $15,000 in two hours. Go and do likewise gentlemen.

Canada is for Canadians
Guest
Canada is for Canadians

No way. How can you suck that many dicks in two hours ?

Dave
Member

Do you know what it takes to sell real estate?

Canada is for Canadians
Guest
Canada is for Canadians

A high school education and big breasts ?

Dave
Member

Brass balls.

Big Bear
Guest
Big Bear
Laibach
Member
Laibach

It’s so cute that all those mansions are ai‌r‌b‌n‌b‌ied by some Chinese bimbos with “arousal” names that probably don’t even exist. What a shitload of tasteless crap this city has to put up on a regular basis.

Oracle
Guest
Oracle

I plan on buying a studio to Airbnb in the suburbs. Why not? Join the club rather than fight it.

Laibach
Member
Laibach

“Airbnb in the suburbs”

Yep, I agree that’s a very good idea with efficient traffic infrastructure and tourist attractions proximity across the LM. Lately, I am thinking of buying a duplex and opening a massage parlor at one half and big shared international student dormitory in second, while the opportunity before the next leg-up is still available.

Oracle
Guest
Oracle

Might put a deposit down on Georgetown in Surrey. Studio going for $250K.

But completion 3 yr off and they want $50k.

Payment will be around $900.

Attractive as Airbnb.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

A gamble on the state of the real estate market, provincial/city AirBnB regulations, and the unknown strata bylaws in three years from now. What could possibly go wrong?

Make Trudeau a Drama teacher again!
Guest
Make Trudeau a Drama teacher again!

What’s stopping you?

bullwhip29
Guest
bullwhip29