Tag Archives: mobility

Friday Free-for-all!

It’s that time of the week again! Friday is here and the weekend draws nigh!

So 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:

19,000 Listings Party!
Vancouver home sales hit 10 year low
Updated inventory graph, next leg up!
OSFI Relent on tougher rules
Your own private BC island?
Investors shy away from Genworth
US prices down 42% from peak?
Sales great in interior says BCREA
The moving-to-America experiment
Boomers double-down on real estate
Canadas mobility problem
VCI comment signal to noise graph

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

Also! For a short time we tried opening up registration on the VancouverPeak forums, but were immediately inundated with spam registrations. So we’re back to invite only for now. There are ten invite codes at the end of this post if you’re interested in registering for an account there. The main advantages of a VancouverPeak account are that you can upload images, xls files, etc to share data or analysis.

Here are those codes, you can use them at this registration link, first come first served.

Used codes removed and replaced with fresh codes Saturday Morning 9:19 am:


Ye’ olde rent vs. buy argument

Donald pointed out this discussion over at the SeattleBubble blog about 10 reasons NOT to buy a home:

  1. Renters don’t have to fix leaky plumbing, pay for a new roof, or buy major appliances.
  2. The moment you sign the closing papers, you lose ~10% of your home’s value.
  3. Better job offer in another city? Hope you can afford to sell…
  4. Lousy neighbors move in next door? Too bad, you’re basically stuck!
  5. Your down payment and equity are anything but liquid.

Read the rest of the list at SeattleBubble.com.  One interesting thing to consider is this list is based on a theoretical situation where home prices are at reasonable levels and supported by local economic fundamentals.  In a hot housing market where prices only go up and people fight for the right to overbid on a teardown in a bad neighborhood it’s always a good idea to buy instead of rent.  Always.