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the new west side

Posted: Sat Oct 31, 2015 2:50 pm
by tapioca

Re: the new west side

Posted: Sun Nov 01, 2015 8:44 am
by rofina
Its sad, its a shame.

Not sure how anyone could possibly see this as a positive? I would like to hear the upside?

Re: the new west side

Posted: Sun Nov 01, 2015 7:50 pm
by thompson2
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".

Re: the new west side

Posted: Sun Nov 01, 2015 10:41 pm
by tdma800
more things for people to get jealous about lol

http://www.theprovince.com/business/van ... story.html

Re: the new west side

Posted: Mon Nov 02, 2015 8:20 am
by eyesthebye2
if you're a grumpy old bugger and don't want any neighbours the west side is perfect. Sound like any one we know? :lol:

Re: the new west side

Posted: Mon Nov 02, 2015 12:23 pm
by tdma800
http://www.cknw.com/2015/11/02/new-case ... ef=twitter
“I’m very concerned with the racist tones that are implied here, and we have to get away from that. We have to deal with this as a housing challenge we have.”

Re: the new west side

Posted: Mon Nov 02, 2015 3:00 pm
by Austin
I love the evolution here. We've gone from chinese aren't buying up vancouver RE, to we don't know who's buying the RE, and now it's chinese are buying it, but that's OK.

Re: the new west side

Posted: Mon Nov 02, 2015 3:49 pm
by WhipMaster
Austin:
and now it's chinese are buying it,
.... some of us have said that all along.

Vanpro didn't believe us.

Re: the new west side

Posted: Mon Nov 02, 2015 8:39 pm
by Austin
http://www.theprovince.com/business/van ... story.html

The dominant influence of Chinese investors in Vancouver has finally been proven with comprehensive data.

In a recent six-month period about 70 per cent of all detached homes sold on Vancouver’s west side were purchased by Mainland China buyers, an academic case study shows.

Even more stunning, the study shows that of all self-declared occupations among owners — on homes worth an average $3.05 million — 36 per cent were housewives or students with little income.

Re: the new west side

Posted: Mon Nov 02, 2015 8:42 pm
by tdma800
so there's a housewife so what

Re: the new west side

Posted: Tue Nov 03, 2015 8:46 am
by scoobydoo
In a recent six-month period about 70 per cent of all detached homes sold on Vancouver’s west side were purchased by Mainland China buyers, an academic case study shows.Even more stunning, the study shows that of all self-declared occupations among owners — on homes worth an average $3.05 million — 36 per cent were housewives or students with little income.
This is what ETB has been saying for quite some time that it is all about wealth, not income.

Re: the new west side

Posted: Tue Nov 03, 2015 11:09 am
by WhipMaster
Scoobydoo:
This is what ETB has been saying for quite some time that it is all about wealth, not income.
...exactly.
And...where is the wealth coming from?
It was generated offshore, it's not local.
It was brought in because of the global movement of money. And the result is it has dislodged the majority of Canadians from ever being able to own.

So, yes, the argument of real estate prices being totally based on Fundamentals is actually correct. Where some of our members have been led to a mistaken view of future prices is that they have not recognized the fact that HAM is a major driver of Canadian real estate prices.

So lets get back to Fundamentals, but all the Fundamentals....the NEW Fundamentals.