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


Search found 317 matches

by thompson2
Wed Feb 10, 2016 9:00 pm
Forum: Real Estate Talks
Topic: Competition keeps home sellers in the Driver Seat
Replies: 92
Views: 30669

Re: Competition keeps home sellers in the Driver Seat

Historical norms or fundamentals or whatever... Check put the last page of the rebgv jan/16 stats package and tell me if that last part doesnt look ridiculous (or sustainable).
The last part looks like someone was f***ed.
by thompson2
Wed Feb 10, 2016 8:52 pm
Forum: Real Estate Talks
Topic: Competition keeps home sellers in the Driver Seat
Replies: 92
Views: 30669

Re: Competition keeps home sellers in the Driver Seat

If you bought in 1986 and sold in 2012, after closing costs you would have lost money. Similarly, if you had bought in 2006, you'd still be looking at big losses almost a decade later. Really? Say I bought a house at 1m, 25% down, interest only mortgage (for simplicity), after 20 years house was so...
by thompson2
Tue Feb 09, 2016 8:06 pm
Forum: Real Estate Talks
Topic: Competition keeps home sellers in the Driver Seat
Replies: 92
Views: 30669

Re: Competition keeps home sellers in the Driver Seat

Professor Carl Case (Robert Shiller's partner) once said, with population increase the average housing price in general should be few points higher than inflation to reflect the higher "conductivity". Back to Vancouver, the historical long term average is 3.77% above inflation, during 1970 to 2012, ...
by thompson2
Tue Feb 09, 2016 7:20 pm
Forum: Real Estate Talks
Topic: Competition keeps home sellers in the Driver Seat
Replies: 92
Views: 30669

Re: Competition keeps home sellers in the Driver Seat

By the way, what is "historic long term averages" for Vancouver? You have my ears. I don't have a really long term chart for Vancouver but the one below shows how the US home prices have behaved since the late eighteen hundreds. Canadian prices have generally tracked somewhat in relationship with U...
by thompson2
Mon Feb 08, 2016 12:36 pm
Forum: Real Estate Talks
Topic: Competition keeps home sellers in the Driver Seat
Replies: 92
Views: 30669

Re: Competition keeps home sellers in the Driver Seat

By the way, what is "historic long term averages" for Vancouver? You have my ears.
by thompson2
Mon Feb 08, 2016 12:31 pm
Forum: Real Estate Talks
Topic: The real estate technique fuelling Vancouver's housing marke
Replies: 38
Views: 14103

Re: The real estate technique fuelling Vancouver's housing m

what if market crash after those crying babies sold their houses? It will endless brag in their life.
by thompson2
Mon Feb 08, 2016 12:17 pm
Forum: Real Estate Talks
Topic: Competition keeps home sellers in the Driver Seat
Replies: 92
Views: 30669

Re: Competition keeps home sellers in the Driver Seat

I hate to see the inevitable social divisions which are already starting to form. All the envy, anger, frustration and finger pointing when young people cannot afford to live in the city where they grew up. Right, make money in stock market is hero, but not in real estate, it's sin. The crazy low i...
by thompson2
Mon Feb 08, 2016 12:01 pm
Forum: Real Estate Talks
Topic: Competition keeps home sellers in the Driver Seat
Replies: 92
Views: 30669

Re: Competition keeps home sellers in the Driver Seat

No need - have my house here in Vancouver.

LOL
Then you do have a dog in the race???
He has no dog, that's mother-in-law's.
by thompson2
Wed Dec 23, 2015 12:19 pm
Forum: Real Estate Talks
Topic: Any owners in Whistler?
Replies: 7
Views: 6643

Re: Any owners in Whistler?

what is the daily rental rate there for such apartment?
by thompson2
Wed Dec 23, 2015 11:51 am
Forum: Real Estate Talks
Topic: Vancouver RE has dropped >10% since 2013
Replies: 37
Views: 15951

Re: Vancouver RE has dropped >10% since 2013

Then why do I feel rich ? I'm confused. I think I'll go back to renting, 'cause I had it so good then lol You feel rich? Do you live rich? Imagine if you sold 2 years ago, invested in San Francisco, you would have realized a 30% appreciation in value and a 40% increase in currency exchange. With th...
by thompson2
Sun Nov 01, 2015 7:50 pm
Forum: Real Estate Talks
Topic: the new west side
Replies: 11
Views: 7405

Re: the new west side

those stories are all bs, and i don't believe one word of that unless somebody admitted to me "sure I have money, so I buy and/or build new house and let it rot and ruin for fun".
by thompson2
Sun Nov 01, 2015 7:41 pm
Forum: Real Estate Talks
Topic: Forum Members...
Replies: 40
Views: 23594

Re: Forum Members...

You haven't say sorry to the snake Taipan ...hiss, hiss :lol:
by thompson2
Sun Oct 25, 2015 10:44 am
Forum: Real Estate Talks
Topic: brentwood tower 3 sold out in a day??!!
Replies: 17
Views: 11510

Re: brentwood tower 3 sold out in a day??!!

I can feel condo market is getting warm now... from brentwood to lougheed and all the way down to coquitlam center. If you can afford a sfh, condo is a must, no? :lol:
by thompson2
Sun Oct 25, 2015 10:40 am
Forum: Real Estate Talks
Topic: Mark my words .. RE will drop between now and post election
Replies: 138
Views: 41609

Re: Mark my words .. RE will drop between now and post elect

300 people through and 13 offers!
yeah... blood on the streets ...
Obviously, it's bear's blood.

Hi, silverman, how are you? :P
by thompson2
Fri Aug 07, 2015 3:27 pm
Forum: Real Estate Talks
Topic: Mark my words .. RE will drop between now and post election
Replies: 138
Views: 41609

Re: Mark my words .. RE will drop between now and post elect

Excuse me but hasn't the Case-Shiller index thing been forcasting "rainy" weather for more than over the last decade? :lol: Their model wasn't good enough to predict this amazing boom. So how can they be given the proper credit to predict a crash? :lol: Exactly, Whip. If Case-Shiller's theory and G...