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


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by reallyreal2
Tue Jun 20, 2017 12:58 pm
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 628

Re: Hi Everybody!!

Why are you avoiding the subject of your boyfriend? Heart still hurts?

LOL


Where or where can whippy be? LOL
by reallyreal2
Tue Jun 20, 2017 11:30 am
Forum: Real Estate Talks
Topic: Had lunch with Semven, Thompson & Horton.
Replies: 140
Views: 18873

Re: Had lunch with Semven, Thompson & Horton.

Whatever happened to your lunch dates?  You guys were all so excited to share with the 8 other people on this forum that you had such a great time at lunch... and then nothing. Probably Tom is too depressed because he failed at life.   Whipmaster is in the witness protection program. Thompson's wife...
by reallyreal2
Tue Jun 20, 2017 11:23 am
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 628

Re: Hi Everybody!!

Wonder if anyone is thinking that Condos are the new ticket to acquire.  The metrics of affordability are such that I know a few folks that are acquiring a portfolio of Condos as rental stock. Trick is that you need to acquire new ones  so you establish them as rentals before formation of strata co...
by reallyreal2
Mon Jun 19, 2017 5:28 pm
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 628

Re: Hi Everybody!!

What do you think?
by reallyreal2
Sun Jun 18, 2017 7:52 pm
Forum: Real Estate Talks
Topic: Had lunch with Semven, Thompson & Horton.
Replies: 140
Views: 18873

Re: Had lunch with Semven, Thompson & Horton.

Just trying to give that ole self esteem of your a boost.

God knows you failed at trying to become famous so probably could use a push in the back. Glad I can help.
by reallyreal2
Fri Jun 16, 2017 3:18 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 51
Views: 944

Re: Are interest rates finally going to rise?

LOL - I am certain a rate increase will have no harm to Vancouver RE. Most of these people can't cobble together a downpayment and are forced to use shadow lenders who charge 12% + fees for short term loans.  But hey, no problem, they can handle a 1% rate increase no problem.  LOL. http://vancouvers...
by reallyreal2
Fri Jun 16, 2017 8:52 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 51
Views: 944

Re: Are interest rates finally going to rise?

If QE was real in Canada an the reason for housing prices to go up, it would be across the board in Canada This is exactly my point about interest rates. If low rates created the increase in values in Vancouver and Toronto, why did it not bring up values in most other locales? Are interest rates hi...
by reallyreal2
Thu Jun 15, 2017 2:29 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 51
Views: 944

Re: Are interest rates finally going to rise?

Half of Vancouverites are have-nots.     This is a sellers market for the past 16 years except for a 6 month period in late 2008 early 2009. I dont see the conditions that created a buyers market repeating. Going to be sellers market here for as far as the eyes can see. You should be praying for an...
by reallyreal2
Thu Jun 15, 2017 1:34 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 51
Views: 944

Re: Are interest rates finally going to rise?

Half of Vancouverites are have-nots.     This is a sellers market for the past 16 years except for a 6 month period in late 2008 early 2009. I dont see the conditions that created a buyers market repeating. Going to be sellers market here for as far as the eyes can see. You should be praying for an...
by reallyreal2
Thu Jun 15, 2017 1:31 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4590
Views: 701564

Re: Vancouver indvidual property sales details

for today only: 1210 east 14th ave ask 1.995 sell 2.280 4405 Sophia ask 2.288 sell 2.565 642 east 11th ave ask 1,550 sell 1.716 2017 Turner ask 998.8 sell 1.000 (2178 sqft lot) 3085 east 2nd ave ask 1.499 sell 1.475 5163 Elgin ask 1.198 sell 1.250 (3221sqft lot) 136 east 49th ave ask 1.699 sell 1.6...
by reallyreal2
Thu Jun 15, 2017 1:30 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 51
Views: 944

Re: Are interest rates finally going to rise?

I'm sorry my dear. The mass majority of sales are bought by locals (wage slaves). I see no evidence after the imposition of the foreigners tax of foreign buying. If the foreigners are not buying in West Vancouver and Vancouver West, then they won't be buying in the rest of metro. Yes?  :?: Take a m...
by reallyreal2
Wed Jun 14, 2017 1:34 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 51
Views: 944

Re: Are interest rates finally going to rise?

If our economy can't handle interest rates at 2.5% (nevermind 4% or 5% which is more in line with historical norms), then our economy and housing market is a house of cards anyways. 

Better to tear it down and start over.
by reallyreal2
Wed Jun 14, 2017 8:50 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 51
Views: 944

Re: Are interest rates finally going to rise?

Or from buyers who sold and are using that equity to move up the property ladder. I think this is the bulk of sales on detached properties 1M plus. So I guess nobody should worry if there a spike in rates.... great news!!!! Let's do it!!! It will hurt first time home buyers, young families who scra...
by reallyreal2
Wed Jun 14, 2017 7:17 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 51
Views: 944

Re: Are interest rates finally going to rise?

ETB is right, no one is buying million dollar homes on wages. Its wealth from parents or some sort of inheritance. Or from buyers who sold and are using that equity to move up the property ladder. I think this is the bulk of sales on detached properties 1M plus. So I guess nobody should worry if th...
by reallyreal2
Tue Jun 13, 2017 11:10 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 51
Views: 944

Re: Are interest rates finally going to rise?

eyesthebye2 wrote:
Don't hold your breath.
Every time the BOC raises rates .5 it knocks the stuffing out of the economy.
At present they're jawboning

A lot of people better hope so.
These rates can't stay here forever.  Eventually they have to increase and those that get caught in the cross-fire, oh well.  
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