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


Search found 317 matches

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by thompson2
Mon Mar 12, 2018 3:51 pm
Forum: Real Estate Talks
Topic: Trends for 2018
Replies: 17
Views: 1009

Re: Trends for 2018

Another year.  Seeing some familiar names pop up around here. Glad to see you all still alive and aggravating each other as always.  Hard to believe its been a decade since the last real correction around here.  What do you all see for 2018?  Little late in the year - spring seems to be off to a la...
by thompson2
Mon Mar 12, 2018 3:48 pm
Forum: Real Estate Talks
Topic: The Money Pit Tax
Replies: 21
Views: 1760

Re: The Money Pit Tax

Permitting in Metro Van is a disgrace. There is no way to justify waiting 2 years for a what should be a basic permit for a SFH. 3-4 years to deliver a house is absurd.  Don't get me started on permitting delays.These government workers think a good paying job is a right. They get every second Frid...
by thompson2
Fri Mar 09, 2018 9:06 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2788

Re: Speculation tax ! Finally

I ask you: If illicit, un-taxed, foreign capital is a majority cause of the issue we face. How does punishing Plumber John, who has had a family cabin on a Gulf Island for 30 years get us closer to addressing any of the core issues? + I am with you! by the way I think the majority cause of the issu...
by thompson2
Fri Mar 09, 2018 2:33 pm
Forum: Real Estate Talks
Topic: Speculation tax ! Finally
Replies: 75
Views: 2788

Re: Speculation tax ! Finally

I ask you: If illicit, un-taxed, foreign capital is a majority cause of the issue we face. How does punishing Plumber John, who has had a family cabin on a Gulf Island for 30 years get us closer to addressing any of the core issues?  + I am with you!  by the way I think the majority cause of the is...
by thompson2
Fri Mar 09, 2018 2:18 pm
Forum: Real Estate Talks
Topic: Is the boom over?
Replies: 49
Views: 3824

Re: Is the boom over?

Hi SethM, glad to see you around!!
Seems like you still have an unsettled issue with ETB?  :D
by thompson2
Fri Oct 13, 2017 10:39 am
Forum: Real Estate Talks
Topic: Did The Vancouver Foreign Buyers Tax Work?
Replies: 7
Views: 1143

Re: Did The Vancouver Foreign Buyers Tax Work?

Yeah, what does flipping has to do with the foreign tax? You are barking on a wrong tree as usual.. Did the foreign tax work? Yes, partially, especially for the high end, but what will bring down the whole market? If there is any, it will be interest rate.
by thompson2
Sun Oct 01, 2017 10:50 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 802378

Re: Vancouver indvidual property sales details

What frustrates me the most is that the media and real estate pundits keep telling people the market is crashing, or that the prices will drop 50%.  These poor people sit on the sidelines believing everything and get priced out of the market.  The market has slowed during the summer sure, but in de...
by thompson2
Wed Jun 21, 2017 2:10 pm
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 2832

Re: Hi Everybody!!

You can be a "Bear" and both sell and re enter the Market. Agreed. but at the end of day, jim has to account all the coins he got in his pocket to see if he is a winner or loser by timing market.  Vancouver  condo prices increasing over 2% per month since Jan 2017, it is not a good news f...
by thompson2
Wed Jun 21, 2017 1:27 pm
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 2832

Re: Hi Everybody!!

semven wrote:
 Time Horizon for future Development are ..

That's the most difficult part in real estate, it is a higher level for the investor, but if you are correct about the location and time you can laugh all the way to the bank. :):
by thompson2
Wed Jun 21, 2017 1:13 pm
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 2832

Re: Hi Everybody!!

yzfr1 wrote:
I feel like im taking crazy pills, no one see's that hes a moron.

Don't take him seriously, he is an idiot for sure. :)
by thompson2
Tue Jun 20, 2017 1:00 pm
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 2832

Re: Hi Everybody!!

Anyone think the worm is starting to turn?  Lagging Stock Market in global terms. Home Prices are Crazy, Wages are stagnant and NDP/Green alliance has an ominous feeling about it. Not to mention the Trudeau Honeymoon is a distant memory. Foreign Buyers Tax?..Not as worried about that as much as Chi...
by thompson2
Tue Jun 20, 2017 12:53 pm
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 2832

Re: Hi Everybody!!

Eh? Living in ur mother in law's basement you never understand what's going on in the real world. The condo market is so hot anyone who wants a piece has to provide a clean offer, no subjects.  When you got the accepted contract and take it to the bank for the mortgage, bank may or may not give That...
by thompson2
Tue Jun 20, 2017 9:48 am
Forum: Real Estate Talks
Topic: Had lunch with Semven, Thompson & Horton.
Replies: 140
Views: 23763

Re: Had lunch with Semven, Thompson & Horton.

semven wrote:
Wow
This idiot is still yelling in an empty room....Sad

:lol: 10 years.
by thompson2
Tue Jun 20, 2017 9:44 am
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 2832

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 thompson2
Mon May 15, 2017 10:26 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 802378

Re: Vancouver indvidual property sales details

Yeah, little Jim, you know me, "extreme desperation" is all I need. :D  Highrise condos in Surrey Central are hot...One has to write a clean offer with 20k above asking price if he consider himself as a serious buyer these days.  The area is great, 40 mins skytrain to downtown water front....
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