The economic miracle in China has led to the creation of many ‘fake’ replica cities; Paris, London, Jackson Hole, etc. Despite features like a 1/3 replica of the Eiffel Tower, a modified Tower Bridge and Route 66 these ‘duplitecture’ cities are missing something according to this piece over at ABC Nightline.
Is it Joie de vivre? Culture? or simply population? Apparently if you build it, they won’t necessarily come right away.
Tianducheng, or “Sky Capital City,” is a real estate development modeled after the city of lights, right down to a version of the Eiffel Tower that is one-third the height of the real one.
“I think [it’s] a little strange,” Rachel Ni, who moved to Tianducheng six years ago, told ABC News’ “Nightline.” “I don’t like it here.”
Unlike the real Paris, laundry hangs in full view everywhere in Tianducheng, even on trees, and the fountains are dry. Many apartments are empty, and few stores are even open for business.
“I live here because it’s cheap. In Hangzhou, this is very, very cheap,” said Ni. “The environment is good, especially for the baby.”
Is it jealously that made ABC find a negative angle on this? Replica theme park cities sound great, think of the savings on travel budget! Just imagine if we could have a replica Interlaken in Stanley park, a tiny NYC on the east side or Honolulu in Poco… Read the full article and view the video here.
As 2014 draws to a close and we move into 2015 here’s hoping your future is a bright one.
Some of you will buy property this year, some of you will sell, some will rent and others will move away. Whatever 2015 holds for you it’s always good to keep some perspective.
Whether 2015 sees rising or dropping house prices in Vancouver we hope both sides of the debate will treat each other with a reasonable amount of respect – we’re all just trying to get by the best we can.
Happy New Year and here’s to an excellent 2015 for all of you!
Well here we are wrapping up 2013.
The Vancouver market continues to fluctuate in its flat range.
Owners are still paying more than renters, but can paint their walls whatever colour they want.
Renters are still more flexible when it comes to relocation and some of them have more diversified investments, but some of them just want to paint their walls whatever colour they want.
The Vancouver housing bubble is boring.
Not like some of the more exciting housing bubbles around the world. Remember the Celtic Tiger? Ireland had a giant boom, but now they’re tearing down brand new homes.
So what will 2014 hold in store for the Vancouver Real Estate Market? A slump, a dump, a bump or a jump?
What do you think, are we in for an exciting year or another yawner?
Whatever your religion happens to be.
Be you a bear, bull or agnostic.
Whether you’re an internet millionaire or a carrying a debt load of 165%.
You might be a real estate salesperson, a bearish economist or a somebody just trying to get by.
The most important things in life don’t tend to end up on a financial statement or notice of assessment.
Whatever your situation is, thanks for visiting VCI and taking part in the conversation.
You deserve a holiday, and we hope you have a good one!
Looks like more problems over at the Olympic Village.
You’d think that all the hot air over this project would mean there’d be no lack of heat, but I guess you’d be wrong.
A problem with the much-lauded heating and cooling system in the buildings constructed for the 2010 Winter Games has left some residents without heat since the beginning of Vancouver’s cold snap, condo owner and resident Tomasz Rutkowski said Monday.
It’s nearly freezing at 6 C in Rutkowski’s two-bedroom apartment in the Kayak building at 77 Walter Hardwick Avenue, where his five-year-old son has been walking around and sleeping in a winter jacket.
Rutkowski reported the problem a few times to the property manager and strata council, but said he was told that the system is “just a weak system.”
“They just told us, buy portable heaters,” he said, adding that’s a poor solution for his condo with floor-to-ceiling windows. “This is supposed to be environmentally friendly, now they’re telling us to get those heaters.”
(The city and the mayor have applauded the heating system, a neighbourhood energy utility that recaptures heat from sewage and redistributes it throughout the community, as a green initiative.)
Read the full article here at Metro News.
The good news? The strata is responsible for the costs of maintaining the system, so this is one part of the Olympic Village that tax payers won’t have to cover.
A few random tidbits today:
First off we’re right up around 15,000 listings for sale and we’re not even half way through the month. According to numbers from inventory we’re at 15,007 but Paulb’s numbers show 14,993.
So today will either be a record breaking sales day or we’ll get nudged over the 15k mark no matter how you count it.
If you’re the sort that just can’t wait, VHB is hosting a 15k party over at the Vancouver Peak now.
In other news earlier this week the question was “hey, isn’t that supposed foreign buyer on the evening news a local condo marketing employee?”
Turns out the answer is yes, according to Village Whisperer.
Over on the MAC Marketing Facebook page a CBC reporter is asking for clarification on this issue.
Matthew Black I was the CBC reporter on this story and feel some clarification is in order:
*Can you confirm that Amanda is the employee you refer to in the post above?
*Is Chris Lee (from the TV pieces) actually Amanda Lee’s sister?
*Is Chris Lee a genuine prospective buyer from China, or, is she also a MAC employee?
I trust you still have my contact information…
Spain is the latest real estate bubble country to consider giving extra residency privileges to foreigners who buy property.
If they go ahead with this plan they would join Portugal, Hungary and Ireland.
Greece is also considering a similar measure.
The Spanish proposal is the cheapest so far, requiring only a $200k real estate purchase:
The Spanish government is considering offering residency to foreigners who buy property worth about $200,000 or more. With discounts as deep as 50% along the Mediterranean, a 1,100-square-foot three-bedroom beachfront apartment in Alicante goes for $130,000. Or how about a 1,200-square-foot four-bedroom with a view of Barcelona’s skyline for $175,000? A few miles inland, a two-bedroom house goes for $90,000.
The idea is to attract buyers for an estimated 700,000 empty homes scattered across Spain’s landscape, the remnants of the nation’s dramatic housing boom-and-bust. The offer is aimed at Chinese, Russians and Americans, who are usually limited to a three-month tourist visa in most parts of Europe.
Full article in the LA Times.