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


Search found 286 matches

by yzfr1
Wed Jun 21, 2017 9:12 pm
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 10294

Re: Hi Everybody!!

For those who aren't cheerleaders, the numbers matter... https://www.bloomberg.com/view/articles/2017-06-21/canada-s-housing-bubble-will-burst Look at the divergence in real RE prices (chart below) between USA and Canada after 2009. Look at the last steep spurt in 2015-16. That's me selling my Fals...
by yzfr1
Wed Jun 21, 2017 12:54 pm
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 10294

Re: Hi Everybody!!

HaHa. You guys are cute. I fought off the bear trolls from 2008 to 2015. I can certainly fight off a couple of bull trolls. FYI of the newbies, I joined the forum as a bear in 2007-8. In late 2008, I flipped to be a buyer. Purchased my two-bed on Marinaside Crescent in March 2009. Spoke bullish for...
by yzfr1
Wed Jun 21, 2017 12:51 pm
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 10294

Re: Hi Everybody!!

You can be a "Bear" and both sell and re enter the Market. Say you sell a Single Family Home and re enter the market the next day with a smaller home, or a Condo. Provided the asset is not exactly the same as the one you divested your acquisition becomes a "Hedge" or "Pivot" from your previous Home...
by yzfr1
Wed Jun 21, 2017 11:50 am
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 10294

Re: Hi Everybody!!

The worst thing is that you're a freaking hypocrite too. I feel dirty just talking to you.  :oops:
Finally, at least you admit you are a hypocrite.
by yzfr1
Wed Jun 21, 2017 10:22 am
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 10294

Re: Hi Everybody!!

Listen carefully Jimtan, there is no article or annaytics. I quoted a post you made earlier in the year. You stated you sold because you thought the market topped, yet in the same post your claim you bought another pre-sale. If you cant have a decent rebuttal for this, I suggest you stop posting any...
by yzfr1
Wed Jun 21, 2017 8:58 am
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 10294

Re: Hi Everybody!!

HaHa. You guys are cute. I fought off the bear trolls from 2008 to 2015. I can certainly fight off a couple of bull trolls. FYI of the newbies, I joined the forum as a bear in 2007-8. In late 2008, I flipped to be a buyer. Purchased my two-bed on Marinaside Crescent in March 2009. Spoke bullish for...
by yzfr1
Mon Jun 19, 2017 9:12 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1223768

Re: Vancouver indvidual property sales details

Condos and townhouses and row houses. So, enough for the not=so=picky. BTW, I've have keeping an eye open around the Oakridge area. Many For Sale signs, but just one Sold sign. Looks like Steve Saretsky's right. Affordability is an issue for local Vancouverites. https://image.ibb.co/mCTLF5/IMG_1115...
by yzfr1
Mon Jun 19, 2017 6:21 pm
Forum: Real Estate Talks
Topic: Hi Everybody!!
Replies: 34
Views: 10294

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 yzfr1
Sun Jun 18, 2017 3:21 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1223768

Re: Vancouver indvidual property sales details

http://www.cbc.ca/news/canada/british-columbia/city-of-vancouver-housing-conference-housing-survey-1.4166229  The city's goal is to create the types of homes in Vancouver needed to keep people like Sabine Bruyere living here. She was born and raised in Vancouver, lives at home with her mother and wo...
by yzfr1
Sat Jun 17, 2017 6:30 pm
Forum: Real Estate Talks
Topic: Bombshell for some Airbnb users
Replies: 35
Views: 12436

Re: Bombshell for some Airbnb users

Its a sherlock moment.  People actually in Vancouver know that for as long as one can remember, Canada doesnt have the filthy loans like they do in America. Have you seen this news piece? http://vancouversun.com/news/local-news/vancouver-real-estate-in-the-red Risky mortgages, shadow bankers threat...
by yzfr1
Fri Jun 16, 2017 7:33 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 32518

Re: Are interest rates finally going to rise?

This  article  calculates global QE at 12 trillion, since 2008, so he's not far off.  The US was not the only country to flood the market with money... If Jim has chosen to be cash rich, I assume its because he's hedging his bets on a significant drop in housing and/or financial markets - there is ...
by yzfr1
Thu Jun 15, 2017 8:26 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 32518

Re: Are interest rates finally going to rise?

Half of Vancouverites are have-nots.     Look at ETB. She talks like a plutocrat even thought she has only a single paper million! That's the kinda attitude generated by a get-rich-quick culture. Shame! Anyway, we do need to return to a normal risk-return economy. Inflation at 1-2%. A small positiv...
by yzfr1
Thu Jun 15, 2017 1:50 pm
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 32518

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 yzfr1
Thu Jun 15, 2017 7:13 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 32518

Re: Are interest rates finally going to rise?

As you all know, asset values have been over-inflated because of zero (or negative) real interest rates. And, $14T worth of quantitative easing. It doesn't help if you get shrill and hysterical. I'm cash rich. I welcome a rise in interest rates. Let it come. This is how stupid Jimtan is, in origina...
by yzfr1
Wed Jun 14, 2017 8:23 am
Forum: Real Estate Talks
Topic: Are interest rates finally going to rise?
Replies: 121
Views: 32518

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...