This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS


Search found 716 matches

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by westcoastfella
Wed Mar 22, 2017 6:12 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4147
Views: 681078

Re: Vancouver indvidual property sales details

this is true...seen some places sell for maybe like 10k below ask cuz they were already asking astronomical amounts...heck even homes on Canada Way are selling Burnaby...with the few sales out there..there are even FEWER listings of new inventory (that don't include land assemblies)...take a look i...
by westcoastfella
Mon Mar 20, 2017 6:07 pm
Forum: Real Estate Talks
Topic: Predictions for 2017
Replies: 43
Views: 1179

Re: Predictions for 2017

If nuclear conflict were inevitable, I'm guessing China would take out Kim themselves.  The last thing they want is a nuclear war in their backyard. The situation is complex. China still needs North Korea as a buffer against South Korea + American allies, Remember the Korean War of 1950-3. How will...
by westcoastfella
Mon Mar 20, 2017 1:17 pm
Forum: Real Estate Talks
Topic: Predictions for 2017
Replies: 43
Views: 1179

Re: Predictions for 2017

:roll: AS the article says, some exceptions for a few. But, home ownership remains elusive. Enjoy... "Ready or Not, Here Come Trump and North Korea President Donald Trump is a reckless bully with authoritarian leanings and a craving for attention. Kim Jong-un is a reckless bully with dictatori...
by westcoastfella
Mon Mar 20, 2017 10:20 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4147
Views: 681078

Re: Vancouver indvidual property sales details

Burden of proof The burden of proof ( Latin : onus probandi ) is the duty of a party in a trial to produce the evidence that will shift the conclusion away from the default position, to that party's own position. In a legal dispute, one party is initially presumed to be correct and gets the benefit...
by westcoastfella
Fri Mar 17, 2017 3:31 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4147
Views: 681078

Re: Vancouver indvidual property sales details

VanLord, please don't - every time you quote him I am forced to see his drivel.  Ignore is your best option.
by westcoastfella
Fri Mar 17, 2017 3:30 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4147
Views: 681078

Re: Vancouver indvidual property sales details

First you want to tell me how much my home is worth, now you want to give me the details on my pension? You're a real hoot pal. as usual, dodging the question.... Its a defined pension plan. In good times it pays me no more than defined, even when it produces higher yield. Likewise, in bad times it...
by westcoastfella
Fri Mar 17, 2017 2:02 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4147
Views: 681078

Re: Vancouver indvidual property sales details

while naively assuming that while this catastrophic economic event happens, your home value and pension will remain intact and see you through retirement First you want to tell me how much my home is worth, now you want to give me the details on my pension? You're a real hoot pal. as usual, dodging...
by westcoastfella
Fri Mar 17, 2017 7:45 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4147
Views: 681078

Re: Vancouver indvidual property sales details

Good point tdma. Why are some non homeowners begrudging equity gains in houses while boasting about big paper profits in stocks?Nobody is wishing for a crash in that market so we can buy in a 50 cents on the dollar. Same with my pension. Certainly a lot of bear envy going on here. The attitude is p...
by westcoastfella
Thu Mar 16, 2017 1:09 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4147
Views: 681078

Re: Vancouver indvidual property sales details

Eyes, if there is a wholesale stampede away from "the market" one day, it will be because the entire economic system has collapsed.  At that point, your pension will almost certainly not be guaranteed - and even if it was, it wouldn't be worth anything anyway.  No pension fund manager can...
by westcoastfella
Thu Mar 16, 2017 11:51 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4147
Views: 681078

Re: Vancouver indvidual property sales details

The problem with buying equites for the average person is you are going against professionals. Large investment banks with huge money to manipulate the market. They also have mathematicians / theorist working the system. Large institution have access to after hours trading. They can make trades eve...
by westcoastfella
Wed Mar 15, 2017 9:29 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4147
Views: 681078

Re: Vancouver indvidual property sales details

https://image.ibb.co/j7xtLa/Untitled.jpg Trust me when I say, the stock market is not easy. I have lots of experience. yzfr, curious - are you in the O&G exploration or mining business, or do you have extremely deep knowledge of either of these sectors?  If not, I'd say your doing more "ga...
by westcoastfella
Wed Mar 15, 2017 9:17 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4147
Views: 681078

Re: Vancouver indvidual property sales details

The stock market only works so long as everyone stays in. Thats why whenever there is a crisis the big wigs come on media to convince everyone to hold. Its a shell game. The day of reckoning for stocks will come. This is true of any market - the basic requirement of a market is buyers and sellers. ...
by westcoastfella
Wed Mar 15, 2017 8:09 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4147
Views: 681078

Re: Vancouver indvidual property sales details

TFSA is good but limited. 1. 5,000 per year. Not a compatible capital investment compared to hundreds of thousands in RE. 2. TFSA is limited to Canadian securties which frankly is a joke. TSX has basically gone sideways since 2008. If you were to make any money it would have needed to be in a USA i...
by westcoastfella
Wed Mar 15, 2017 8:04 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4147
Views: 681078

Re: Vancouver indvidual property sales details

24k a year for maintenance / upkeep / property tax and interest? I don't know what numbers you are crunching and I hope this is not whats keeping you out of the market.  I'm using pretty basic numbers: ⋅ property taxes and utilities:  ~6,000 per year (this will vary based on house value) ...
by westcoastfella
Tue Mar 14, 2017 3:28 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4147
Views: 681078

Re: Vancouver indvidual property sales details

Lets look back 10 years to 2008 during the crash. If bears are still renting, for 10 years. Lets assume $2,000 a month for something decent for a family. $2,000 x 12 = 24,000 / year = $240,000 you will never get back. Compared to if you bought something, take away price appeciation. You would almos...
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