Real Estate Talks

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.

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...

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 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 the way, what is "historic long term averages" for Vancouver? You have my ears.

what if market crash after those crying babies sold their houses? It will endless brag in their life.

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...

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.

what is the daily rental rate there for such apartment?

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...

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".

You haven't say sorry to the snake Taipan ...hiss, hiss

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?

300 people through and 13 offers!

yeah... blood on the streets ...

Obviously, it's bear's blood.

Hi, silverman, how are you?

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...