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


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by Geyser
Sun Oct 22, 2017 2:06 pm
Forum: Real Estate Talks
Topic: OSFI - Nee Mortgage Rules
Replies: 4
Views: 344

Re: OSFI - Nee Mortgage Rules

“ So wouldn't that slow down the market? When I say market, I mean downward pressure on prices.  Not necessarily less volume of sales.” Absolutely not, remember “it’s different here” and even if it isn’t different here, “it’s different this time”. And even if it isn’t different this time you mu...
by Geyser
Sun Oct 15, 2017 4:18 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4685
Views: 732875

Re: Vancouver indvidual property sales details

It’s all about square footage and location, location, location.  A SFH in a poor location will be much cheaper per square foot than a condo in a good location. Currently we see nice condos in good neighbourhoods are still available for only a modest premium over old houses in bad neighbourhoods, it ...
by Geyser
Sat Oct 14, 2017 1:03 pm
Forum: Real Estate Talks
Topic: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%
Replies: 28
Views: 769

Re: 3 Reasons Canadian Mortgage Rates Will Never Hit 5%

Makes we wonder where the politicians were when prime lending rates hit 22.75% in 1982. There was plenty of pain when people were losing their houses back then. But of course ... “it’s different this time”. Lol!
by Geyser
Sat Aug 19, 2017 12:46 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4685
Views: 732875

Re: Vancouver indvidual property sales details

Living in detached homes is so lame Having had my share of living in both I disagree, detached and condos each have their own advantages and disadvantages. Detached homes are more desirable if you are stuck with kids, don't mind commuting, and your main source of entertainment is television. Also, ...
by Geyser
Thu Aug 17, 2017 4:52 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4685
Views: 732875

Re: Vancouver indvidual property sales details

I get it Geyser...you own a condo and you love it. I personally think the value in property is in the land, and if you don't own and control the land you don't own much of anything. You may try to argue that there is land to a condo - but get real man. Condo might do okay in the short run, and is s...
by Geyser
Wed Aug 16, 2017 10:18 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4685
Views: 732875

Re: Vancouver indvidual property sales details

WTF are you talking about, % return? I'm at 2400% I'm talking about the bizarre logic you used to try and convince yourself that detached homes were currently a better investment than condos, despite condos currently being on a hot upward run while detached prices are sliding. Here is you hilarious...
by Geyser
Tue Aug 15, 2017 2:53 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4685
Views: 732875

Re: Vancouver indvidual property sales details

eyesthebye2 wrote:
What a flake

Ah! Another well reasoned and powerful rebuttal from ETB. It's hard to counter such a brilliantly contrived and cutting ad-hominem attack.
Now, about that "percentage return" thing. Cat got your tongue? :lol:
by Geyser
Mon Aug 14, 2017 1:43 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4685
Views: 732875

Re: Vancouver indvidual property sales details

Lol That's what I thought Geyser. Your confidence in your prediction just went out the window like that fly I was chasing around with a swatter Once again you either failed to read my post or you deliberately misunderstood it. Try re-reading it. I lack confidence in your ability to borrow and repay...
by Geyser
Sun Aug 13, 2017 11:24 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4685
Views: 732875

Re: Vancouver indvidual property sales details

30% and 70% is more within the range of reasonable fundamentally based expectations. Toronto is already closing in on the lower number. Let's see how much you truly believe that above...ill take a wager. This is for city of Vancouver detached...and my bet is against. Timeframe of 3 years. $500 on a...
by Geyser
Sun Aug 13, 2017 12:17 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4685
Views: 732875

Re: Vancouver indvidual property sales details

Greater Toronto Area benchmark detached home prices peaked in April and have fallen 8 per cent since then. Home resales in the GTA have tumbled too, dropping 40 per cent in July compared with the same month last year. http://www.ctvnews.ca/mobile/canada/non-buyer-s-remorse-toronto-sellers-frustrate...
by Geyser
Sun Aug 13, 2017 12:02 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4685
Views: 732875

Re: Vancouver indvidual property sales details

If you're that old and the only solution you have for these high prices is Armageddon, then it's time to pack it in. You've lost your ability to be creative. Cognition ETB, cognition.  Re-read what I posted.  I specifically mentioned previous home price collapses which occurred without any accompan...
by Geyser
Sat Aug 12, 2017 1:50 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4685
Views: 732875

Re: Vancouver indvidual property sales details

Plus you are old and going to die soon...you can't take it with you!!!  :lol: Well that was uncalled for. You can tell when someone is really butt hurt.  :roll: Hmmm that's your only comment, Its called a joke...I'm pretty sure Geyser can appreciate that, you can't take this Internet debating to se...
by Geyser
Thu Aug 10, 2017 4:17 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4685
Views: 732875

Re: Vancouver indvidual property sales details

VanLord wrote: "a 90% crash likely means we got bombed by North Korea.  Its almost impossible for anything crazy like that, unless Trump pushes the button....or maybe an earthquake could cause that type of devastation as well.  A 50% crash would mean the economy is completely in the toilet (...
by Geyser
Thu Aug 10, 2017 1:40 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4685
Views: 732875

Re: Vancouver indvidual property sales details

I'm doing better than most buddy. I'd thank you for your concern if I didn't find your obsessive attention  downright creepy. Still avoiding explaining your hilarious misunderstanding about return on investment eh? Allow me to correct another your many misconceptions but you apparently aren't "...