Anyone think the bubble will burst soon?

[gse36]

it's all on realtylink.org
e van under 2M = 349
van west under 2M = 149

for someone who's constantly posting links for data I'm surprised you missed the fact that there is almost
no inventory in the under 2M range.

asked for a real time update.

official E van under 2M = 415
official van west under 2M = 159

given realtylink is lagged, does it mean we went from 498 to 574 in a few days?

[robert james]

it's all on realtylink.org
e van under 2M = 349
van west under 2M = 149

for someone who's constantly posting links for data I'm surprised you missed the fact that there is almost
no inventory in the under 2M range.

asked for a real time update.

official E van under 2M = 415
official van west under 2M = 159

given realtylink is lagged, does it mean we went from 498 to 574 in a few days?

H*ll No gse36 !!!! We are in a balloon ,,Not a Bubble !!!!http://www.winnipegfreepress.com/business/bmo-sees-no-crash-in-housing-market-138382194.html Hey,,wait a minute ,,isnt that what David Lereah said about the US balloon in 2005.http://www.pbs.org/newshour/bb/business ... 11-29.html

[robert james]

Just a question for all the real estate intellectuals.. Is the Ham still buying up real estate in Vancouver during the Chinese New Year ??? I am sure they are but I thought I would just ask anyway..

[gse36]

H*ll No gse36 !!!! We are in a balloon ,,Not a Bubble !!!!http://www.winnipegfreepress.com/business/bmo-sees-no-crash-in-housing-market-138382194.html Hey,,wait a minute ,,isnt that what David Lereah said about the US balloon in 2005.http://www.pbs.org/newshour/bb/business ... 11-29.html

that was astute and hilarious. i completely forgot about David Lereah and the "real estate balloon".
i don't know whats with the analogy. i think balloons tend to pop pretty violently (more so than a bubble) when they get overinflated.

[robert james]

H*ll No gse36 !!!! We are in a balloon ,,Not a Bubble !!!!http://www.winnipegfreepress.com/business/bmo-sees-no-crash-in-housing-market-138382194.html Hey,,wait a minute ,,isnt that what David Lereah said about the US balloon in 2005.http://www.pbs.org/newshour/bb/business ... 11-29.html

that was astute and hilarious. i completely forgot about David Lereah and the "real estate balloon".
i don't know whats with the analogy. i think balloons tend to pop pretty violently (more so than a bubble) when they get overinflated.

I stole it from another blog,, gse36.. You would think these pumper clowns could come up with their own material,,apparently not. Sherry Cooper must be the Canadian version of David Lereah http://www.winnipegfreepress.com/busine ... 82194.html

[eyesthebye]

Just a question for all the real estate intellectuals.. Is the Ham still buying up real estate in Vancouver during the Chinese New Year ??? I am sure they are but I thought I would just ask anyway..

I think they are - but not the same volume as last year.
FYI, I think realtors are recommending these listings for this month to coincide with the "buying season" since
the asking prices seem much higher than expected.
Wondering if this is what Mike and Tom have recommended

[eyesthebye]

it's all on realtylink.org
e van under 2M = 349
van west under 2M = 149

for someone who's constantly posting links for data I'm surprised you missed the fact that there is almost
no inventory in the under 2M range.

asked for a real time update.

official E van under 2M = 415
official van west under 2M = 159

given realtylink is lagged, does it mean we went from 498 to 574 in a few days?

typical bear spin. Account for the lag in listings but not the lag in sales

[gse36]

it's all on realtylink.org
e van under 2M = 349
van west under 2M = 149

for someone who's constantly posting links for data I'm surprised you missed the fact that there is almost
no inventory in the under 2M range.

asked for a real time update.

official E van under 2M = 415
official van west under 2M = 159

given realtylink is lagged, does it mean we went from 498 to 574 in a few days?

typical bear spin. Account for the lag in listings but not the lag in sales

nah, those were real time numbers which were (at least I was told) obtained from the realtor's system. it would have been net of all sales reported at that time.

[Taipan]

The media are such fickle mistresses. They desert you at the first sign of trouble.

And the media is now going mainstream that the crash has started.

[eyesthebye]

"gse36"
nah, those were real time numbers which were (at least I was told) obtained from the realtor's system. it would have been net of all sales reported at that time.

regardless gse - we're talking about a total for the entire city of less than 600 units <$2Million. Does this excite you?

[gse36]

"gse36"
nah, those were real time numbers which were (at least I was told) obtained from the realtor's system. it would have been net of all sales reported at that time.

regardless gse - we're talking about a total for the entire city of less than 600 units <$2Million. Does this excite you?

It could, or it may not. Depends on the other side of the equation. (think economics 100).

[vanpro]

"gse36"
nah, those were real time numbers which were (at least I was told) obtained from the realtor's system. it would have been net of all sales reported at that time.

regardless gse - we're talking about a total for the entire city of less than 600 units <$2Million. Does this excite you?

For the "entire" REBGV, the total unsold active listings (i.e. unsold inventory) of SFH (Detached) is 5,329 as of Jan.31, 2012 which is a huge 28% INCREASE YoY (see: http://www.yattermatters.com/2012/02/no ... al-estate/). Are you sure you are not once again mistaking "new listings" for "unsold, active inventory"?

[eyesthebye]

"gse36"
nah, those were real time numbers which were (at least I was told) obtained from the realtor's system. it would have been net of all sales reported at that time.

regardless gse - we're talking about a total for the entire city of less than 600 units <$2Million. Does this excite you?

For the "entire" REBGV, the total unsold active listings (i.e. unsold inventory) of SFH (Detached) is 5,329 as of Jan.31, 2012 which is a huge 28% INCREASE YoY (see: http://www.yattermatters.com/2012/02/no ... al-estate/). Are you sure you are not once again mistaking "new listings" for "unsold, active inventory"?

not sure how you can be so unaware of how to locate this data.
Go to realtylink.org and search for the active listings under 2M yourself.
What do you see there?

[Austin]

correction will only occur if the global economy goes into a downward spiral for some reason or China crashes (which would most likely, though not necessarily cause the global economy to spiral down).

Vancouver's RE market will NOT correct on its own. It's joined at the hip with the global/asian economy.

[silverman]

now .... that the crash has started.

Hello, mate, still dreaming of a crash?