Archive for the ‘Open Topic’ Category

Hey Slackers! It’s Friday Free-for-all time!

Friday, August 28th, 2015

Hey, look at that, it’s the end of another work week!

And that means it’s time for another Friday Free-f0r-all, our regular end of the week news round up and open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

money laundering in RE
Poloz, king of the economy
Ready for another rate cut?
Calm down!
Keep market buoyant
the 30% pay cut
Bubbles and balloons
The bullish point of view

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

Friday Free-for-all!

Friday, August 21st, 2015

It’s that time of the week again…

Friday free-for-all time!

This is our standard issue end of the week news round up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

RBC downplays crash threat
An imbalance?
Thoughts from Ireland
Economists show concern
Sunshine coast stats

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

Saturday free-for-all?

Saturday, August 15th, 2015

It’s Saturday night! The weekend is here!

…and clearly that means our usually Friday free-for-all open topic weekend thread is a bit late this week.

So…

What are you seeing out there?

Post your news links, thoughts and anecdotes here and keep on having an excellent weekend!

Do we have what it takes to draw ‘top talent’?

Monday, August 10th, 2015

There’s an article over at the Globe and Mail about the difficulty faced by Tech startups in Vancouver – apparently it can be a challenge to attract top talent.

Vancouver is awash in startups with several poised to go public, transforming British Columbia’s economy as they grow. But for Canada’s lifestyle capital to emerge as a world-class tech hub it needs to figure out how to persuade top executives to actually move there (because hey, Silicon Valley has mountains and ocean too)

Meanwhile there’s a local company called Telus that just lost a CEO because he didn’t want to live in Western Canada.

Can you believe that? Not wanting to live in BC?!

Boggles the mind.

Friday Free-for-all! Summertime!

Friday, August 7th, 2015

It’s that time of the week again…

Friday Free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend, a beautiful summer weekend in paradise!

Here are a few recent links to kick off the chat:

Why won’t this guy buy?
TD warns of frothy market
What to do with housing gold
Liar loans
High prices not magic
Protect house prices
Seattle bubble blog back
Money laundering welcome?
important roll in the economy
Worst non-recession in 50 years
Vacant homes as dumpsters

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

Friday Free-for-all!

Friday, July 31st, 2015

It’s that time of the week again, Friday Free-for-all time!

Lets do our regular end of the week news round up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

What’s going on with HCG?
45 brokers falsified income
…for $1billion worth of mortgages
5 booming markets not VAN or TO
Don’t hurt property values!
Do retirees really want to move here?
Shadow lender feast on subprime

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

Friday Free-for-all!

Friday, July 24th, 2015

Another beautiful weekend is here!

Who wants gloomy housing news?

This is our regular end of the week news round-up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

Canada’s economy: a rough ride
Have more kids and move to BC
Rents in vancouver high or low?
QE in Canada?
Fix Canada with US-made tools?
20% overvalued in Canada
Rennie raises funds for BC Liberals
Secret data?
Ghost town back on market

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

Protect the housing bubble!

Wednesday, July 22nd, 2015

It seem natural that most readers of this site would appreciate an MLA standing up for more data on real estate transactions in BC.

It came after Weaver had introduced a private member’s bill to amend the Land Title Act. If it is approved by a majority of MLAs, it would enable the B.C. government to determine foreign-investment flows in the real-estate market, as well as the extent of corporate buying of property.

Unfortunately in a province where everything seems to revolve around real estate and sensitivities around that topic what you end up with is wishy-washy comments that are nonsensical.

Southseacompany points out that Green MLA Andrew Weaver has asked the finance minister what is being done to prevent a Vancouver housing bubble from bursting.  Unfortunately there appears to be some logical inconsistencies in the MLAs statements:

I especially can’t figure that first sentence on Weaver’s blog;

“Today in the legislature I rose to question the Minister of Finance as to what steps, if any, government is taking to ensure that Metro Vancouver’s potential housing bubble doesn’t burst and that housing remains affordable in the region.”

Remains affordable? And that if this bubble burst and prices fell, then… it won’t be affordable??

This man’s nonsense is a waste of time.

 

Food for Bulls

Tuesday, July 21st, 2015

No matter how insane the Vancouver housing market gets, don’t take too much comfort in the fact that it can’t get crazier.  For all the logical arguments and reasoning, those who are negative on the price of Vancouver real estate have been more wrong than right for years.

Ulsterman points out one take on this situation:

I just renewed the rental on my $1.2m rental SFU for 2k/month. I great deal no doubt. But i’m dealing with a wife and three kids. My very patient wife would of course like to make changes and modify her nest. I mean, all her friends are doing it. I’m actually surprised I’ve managed to to suppress the mutiny thus far. Yes honey, just wait, the price correction is JUST around the corner. Every year we wait in nervous anticipation to know if we will be uprooting the family to search out another home.

If you have a family rental living is just a pain in the arse. Buying in 2005 or so and just getting the fuck on with your life would have been the best choice. And don’t think to yourself, “well duh, of course i’d have bought in 2005!” Back then, the people who read these blogs were the people who didn’t buy because they already thought there was a bubble. It’s really easy to look back now and say if only i’d had a downpayment back then i’d have bought. You probably wouldn’t have because you’d have been reading stuff like this and thinking a bubble was forming.

If you are a new bear out there, take no comfort reading these blogs. You could still be reading them 10 years from now. Seriously.

Read the rest of the comment here.

Sure, condos haven’t done so great in the last half decade, but detached homes keep going up and up.  At what point does this market affect your major life decisions? Do you capitulate and buy what you can, keep renting or are you considering a move away from the metro area?

Friday Free-for-all!

Friday, July 17th, 2015

It’s that time of the week again!

Friday Free-f0r-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend. Here are a few recent links to kick off the chat:

Some bears cash in on HCG drop
BOC has lost its mojo
The future of the CAD?
Realtor vs Realtor: How stupid are you?
Planning to leave?
Will she or won’t she?

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

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