We’re not number one.

Southseacompany shared this link to a list of global cities with the most overvalued real estate:

Swiss bank UBS’s Global Real Estate Bubble Index 2019 found a significant overvaluation in half of the 24 housing markets analysed by the research. The bubble risk appears greatest in seven global cities, with Munich the most vulnerable, followed by Toronto, Hong Kong, Amsterdam, Frankfurt, Vancouver and Paris. Major imbalances are also found in locations such as London, San Francisco, Tokyo and Stockholm, while valuations are considered stretched in Los Angeles, Sydney and Geneva.

Read the full article here.

90 Comments on "We’re not number one."

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southseacompany
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southseacompany

“Vancouver housing sales surge as prices continue to drop’ Globe & Mail
https://www.theglobeandmail.com/real-estate/article-vancouver-housing-sales-surge-while-prices-continue-to-drop/

“The residential benchmark price decreased in September to $990,600, down 0.3 per cent from August and a 7.3-per-cent drop from a year earlier.”

“Regionally, the benchmark price of detached homes sold fell to $1,406,200 last month, an 8.6-per-cent decrease compared with a year earlier. The benchmark price for condos slipped 6.5 per cent year over year to $651,500 while declining 7.2 per cent to $767,500 for townhouses.”

“There were 13,439 properties listed for sale last month in the Vancouver region, a 2.7-per-cent increase over September, 2018.”

Shit It Down Already (original)
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Shit It Down Already (original)

Previous thread talked about pre-sales declining..

What we are seeing now is OLD pre-sales coming to completion lets say in next year or 2. Then what?

Why would anyone enter into a presale when so much inventory will likely come on the market?
In addition, future buyers have been cannibalized far into the future.

Fasten your seatbelts !

Just thinking
Guest
Just thinking

Metro Vancouver has ‘healthy, balanced’ market right now, real estate agent says

https://www.citynews1130.com/2019/10/02/metro-vancouver-has-healthy-balanced-market-right-now-real-estate-agent-says/

“Jenny Wun with Oakwyn Realty says people are feeling less overwhelmed than they did a few years ago.”

some nobody real estate agent gets airtime and their 15 minutes … never mind that prices are still in the stratosphere but we are “healthy and balanced”.

Shit It Down Already (original)
Guest
Shit It Down Already (original)

Posts on this thread seem to indicate a trend of the foreign locusts starting to infight and cannibalize themselves.
IMHO, both PRC and Honk Kong supporters can f*ck off….keep your dirty laundry in your home countries.

This is another of many reasons why mass immigration is a disaster.

bullwhip29
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bullwhip29

Chinese cargo vessels produce most plastic garbage floating in Atlantic ocean, study finds
https://nationalpost.com/news/world/chinese-cargo-vessels-produce-most-plastic-garbage-floating-in-atlantic-ocean-study-finds

YVR
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YVR

You mean banning plastic straws and cutlery in Canada is not going to help? If we ban these products will shit hole countries will quit dumping their garbage in the oceans and rivers?

Best place on meth
Member
Best place on meth

“Chinese merchant ships might be the leading cause of the plastic garbage accumulating in the the Atlantic ocean, according to a study published this week. ”

Seems like we should be banning chinese merchant ships from ever coming here again. That would cut down on pollution quite a bit if they had nowhere to go and dump their crappy products.

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

You should probably at least read the abstract of the study – carefully – before making a total ass of yourself once again.

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

Bullwhip the link spammer procedures vast majority of online detritus, study finds.

xyz
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xyz
Best place on meth
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Best place on meth

That photo is from the cleanest part of the Yangtze.

bullwhip29
Guest
bullwhip29

Surveillance video of accused Marpole double-murderer, Rocky Rambo Wei Nam Kam, released to media
https://vancouversun.com/news/local-news/surveillance-video-of-accused-double-murderer-released-to-media

Just thinking
Guest
Just thinking

“Rocky Rambo” should be a clue right there that something was not quite right …

bullwhip29
Guest
bullwhip29

B.C. sues for alleged drug trafficker’s condo, Jaguar & jewelry
https://www.vancouverisawesome.com/2019/10/02/civil-forfeiture-lawsuit-drug-trafficker-condo-car-jewelry-burnaby-bc/

A search warrant executed at Borden’s Burnaby condo on Victory Street – where he lived with his spouse, Chia Yin “Vicky” Wang and their two young children – turned up $26,520 in cash, a loaded, untraceable semi-automatic handgun in an unlocked dresser drawer, an AR 15 assault rifle with 100 rounds of ammo, “score sheets,” a scale, a vacuum sealer and jewelry – including a diamond-encrusted ring with an “888” insignia.

Best place on meth
Member
Best place on meth

Turd’s going to ban AR 15’s if he’s elected so we won’t have to worry about gangsters having those anymore.

Just thinking
Guest
Just thinking

he wasn’t a very good drug trafficker if he was living in a shitty Burnaby condo n Victory Street.

bullwhip29
Guest
bullwhip29

CNBC: Manhattan real estate prices take the biggest tumble since the financial crisis
https://www.cnbc.com/2019/10/02/manhattan-real-estate-prices-take-biggest-tumble-since-financial-crisis.html

Doomcouver
Member
Doomcouver

You can thank globalism for the “super bubble” we’re in right now on worldwide real estate prices. The credit hangover we have coming will be unprecedented.

bullwhip29
Guest
bullwhip29

Injured Richmond hiker rescued after group abandons her in North Vancouver backcountry
https://www.richmond-news.com/news/injured-richmond-hiker-rescued-after-group-abandons-her-in-north-vancouver-backcountry-1.23963578

“Details were sketchy, said Danks, both because the injured woman was unfamiliar with the area and because an English translator was needed to pass on information…”

Hyper-mega-Bull
Member
Hyper-mega-Bull

Injured Richmond hiker rescued after group abandons her in North Vancouver backcountry

Details were sketchy, said Danks, both because the injured woman was unfamiliar with the area and because an English translator was needed to pass on information.

It soon became apparent, however, that the man in the slower-paced pair had left the woman behind on the trail. Shortly after that was when she injured her ankle and became unable to walk.

More troubling, however, was that the group planned to leave the mountain without alerting authorities that anyone had been left behind or could be in trouble.

https://www.richmond-news.com/news/injured-richmond-hiker-rescued-after-group-abandons-her-in-north-vancouver-backcountry-1.23963578

bullwhip29
Guest
bullwhip29

An in-store altercation between angry shoppers at Costco in Richmond was caught on video
http://forums.redflagdeals.com/costco-west-bc-ab-mb-sk-sept-30-oct-6-155-pics-2318003/#p31510409

Just thinking
Guest
Just thinking

They both wanted the last bag of salt …

bullwhip29
Guest
bullwhip29

An altercation between pro-China and pro-Hong Kong supporters underneath Aberdeen Canada Line station on Tuesday was caught on video
https://www.richmond-news.com/news/video-richmond-clash-between-pro-china-pro-hong-kong-supporters-1.23964198

YVR
Guest
YVR

I am not sure what all the fuss is about. According the the lefties in the US China is already a democracy.

New York Mayor Bloomberg claims China’s Xi Jinping ‘not a dictator,’ listens to ‘constituents’

I wonder if he got paid more than Biden to say that?

https://www.lifesitenews.com/news/bloomberg-claims-chinas-xi-jinping-not-a-dictator-listens-to-constituents

Best place on meth
Member
Best place on meth

The pro china assholes have such punchable looking faces.

Bag it and tag it
Member
Bag it and tag it

What lovely city we’ve become.

Best place on meth
Member
Best place on meth

Fucking chinazi thugs should be pepper sprayed, tazered and machine gunned, doesn’t matter in which order.

I’m sure these worthless china men are some of the fine students we’ve imported that are clogging up our classrooms like human cholesterol.

Just thinking
Guest
Just thinking

I have said it before: leave your troubles at home when you emigrate to Canada to start a new life.

Laibach
Member
Laibach

Even better, keep troubles with yourself and stay at home. Don’t emigrate to Canada to start a new life.

Shit It Down Already (original)
Guest
Shit It Down Already (original)

Fluckink lay-cysts !!!!