Real Estate Talks

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...

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...

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...

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...

Hi SethM, glad to see you around!!
Seems like you still have an unsettled issue with ETB? 

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.

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...

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 for him.

 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. :

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.

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...

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...

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

10 years.

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...

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. Prices ar...