Vancouver Condo Info

You know the drill…

Post your news links, thoughts and anecdotes here and have an excellent weekend!

Happy Friday the 13th everyone! The weekend is here, time for the free-for-all post. Lets round up some recent news links to kick off our regular end of the week open topic discussion thread:

-Sales across BC drop 42%
-North Shore home sales drop sharply
-Surrey builds the most
-Calgary the #1 place to buy
-BMO seeks 34 in mortgage fraud
-The ups and downs of asking rents
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So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Crashcow posed an interesting question the other day:

“Most regular posters of this blog understand the dynamics of housing bubbles well. What is also an interesting puzzle is why some people naturally understand these concepts while others don’t?

One reason might be Education – especially in an analytical field. But there are people with no post-secondary training that get it while many analysts, economists, accountants and engineers clearly don’t. It seems that some of these “professionals” are hopeless – no matter how much evidence and explanation you provide them, they just don’t comprehend.

Another reason that comes to mind is: Experience. If you have stuck a hair pin in an electrical socket once, chances are you won’t be doing that bright idea again. But experience still doesn’t explain it. After prices plunged 20% in 2008, everyone was given a hard lesson that housing doesn’t always go up. But many erased that valuable lesson in less than a year and back for the socket they went.

This is a deep question, but what are the psychological factors that lead to blind optimism?”

In hindsight you can see some pretty foolish choices made in the US bubble markets, or in the Vancouver market by people who should know better. What is the difference between someone who decides the play the odds on a bubble or those that choose to sit it out? Does the string of wins that comes from a bubble inflating make some people more willing to stretch their luck with the idea that it’s different this time?

You made it to the end of another work-week in paradise. Lets do our regular friday round up of economic news and open topic discussion thread! Here are a few links to kick things off:

-Charts updated, not as bad as 2008 yet
-The lower mainland real estate dip
-Plummet caused by confused buyers?
-Buyers exit Toronto market
-Video: Vancouver ‘buyer market’ news
-VREAA: only a flesh wound
-Police bust $12 million mortgage fraud
-Fence-sitter threat-o-graph
-US housing: still flooded
-Chinese banks stress test for 50-60% house price drop scenario

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

It’s the end of another work week and that means it time for another free-for-all! This is when we do our end of the week news round up and open topic discussion thread for the weekend, here are a few links to kick things off:

-YOY sales numbers take a dive
-West Van Slide
-That Delta smell?
-Canada’s economy expands 0.1%
-Campfire ban with $1 million fine
-Foreclosures up in 75% of top US metros
-Paulson: housing policy must be sustainable
-Recovery losses speed

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

It’s Friday and that means it’s time for our regular end of the week news round up and open topic economic discussion thread!  Let’s hop to it with a few recent stories to kick of the chat:

-Developers push wave of presales into slowing market
-Fairmont Residences price chops 40% – Rennie slashes again.
-10 worst first time homebuyer mistakes
-Central Bank lowers forecast, raises interest rates
-BOC rate increase to have little effect on real estate
-Once again the Irish are leaving home
-Boston luxury condos at big discount
-UK house prices to drop 20% by 2012?
-14 charts for the Chinese housing bubble
-US Home sales drop 5.1% in June
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So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Another week draws to a close and another Friday free for all post is ready for your weekend – It’s time for our regular news roundup and open topic economic discussion thread!   Here are a few links to kick off the chat:

-BC Real estate a buyers market
-A soft landing or something worse?
-Financial advice from bank tellers
-To boost net worth live in a mid-sized city
-House prices fall for first time this year
-Sex sells? Maybe not
-Sacramento flippers in trouble

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

It’s the end of the week and that means it’s free-for-all time!  Lets do our regular end of the week news round up and open topic economic discussion post, here are a few recent links to kick things off:

-Spending cuts reduce BC deficit by $1 billion
-Vancouver home sales drop sharply
-Olympic Village buyer regret? Call the litigator!
-Condo king slashes Kelowna highrise prices
-Gov to double cash required for investor class immigration
-NY Times discovers Vancouver real estate
-Ooops-a-daisy in Kitsilano.
-Biggest US defaults are from the rich
-The big thinking in US condos is small

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

It’s the end of the week! Time to do our regular weekend news round up and open topic economic chat!

- First Nations property bill gets royal assent
- Squamish Nation to build 4 condo towers near Park Royal
- Average price edges up in June
- Teranet numbers updated
- CIBC household credit analysis pdf
- Canadians feel optimism mixed with gloom
- Victoria sees lowest June sales volume in 8 years
- Toronto condos a perfect first investment
- Nearly 1/3 of US sales a foreclosure
- Psychology of market cycles

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

It’s time for our traditional end of the week Friday free-for-all post where we round up the weeks news and have our open topic economic discussion for the weekend. Here are a few stories I’ve noticed lately:

-Businessweek: Vancouvers Bubble Trouble
-11 Olympic Village buyers want out
-Reading the mortgage fine print
-Royal and TD trim some rates
-Big bank growth offsets office vacancies
-Economist muses on comparisons to 1930s
-g20 leaders face worries about rising deficits

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