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


Moderator: admin

 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am
Contact:

Re: Vancouver RE has dropped >10% since 2013

Wed Dec 30, 2015 8:18 pm

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
A more urban way for jealousy to show is - haters will hate
 
InvestorRelations
Real Estate Talker
Posts: 95
Joined: Sat Jan 04, 2014 12:34 pm
Contact:

Re: Vancouver RE has dropped >10% since 2013

Thu Dec 31, 2015 11:41 am

Vancouver will out perform the rest of Canada. I dont care what it does against any other locale

Actually, I don't follow your logic: if ETB was extremely lucky, what corlation does that have to making his / her responses adequate?

But I'll humour you and try to explain why I posted.

I thought the original post was a bit silly: comparing prices in one currency based on how another currency performs. But then the "I feel rich" comment actually gave the comparison some relevancy.

Feeling "rich" is relative. Feeling rich in NYC might be the same (in some respects) to feeling rich in some improvished 3rd world country. The relativity is how rich you are compared to everyone else in your area. By "rich", I'm referring to monetary only. Does ETB live a lavish lifestyle to warrant a "rich" adjective? Especially compared to everyone else in vancouver proper?

The "I should go back to renting" response I posted: just a simple example of how ETB could have been better off renting than the current situation. I totally agree that hindsight is 20 / 20 and it's easy to pick what we could have done with investments. I'm pretty confident that ETB truly believes that most areas in vancouver will outperform 98% of the rest of the world in the foreseeable future. That's fair enough.
Expect your grocery bills to be higher in 2016 - but apparently it doesn't matter because your still getting paid the same in Canadian dollars (/sarcasm):

http://www.cbc.ca/beta/news/business/fo ... -1.3382872
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am
Contact:

Re: Vancouver RE has dropped >10% since 2013

Thu Dec 31, 2015 11:45 am

You said it . It doesn't matter .

The important part is the Canadian dollar makes
It cheaper for people to come buy properties
 
InvestorRelations
Real Estate Talker
Posts: 95
Joined: Sat Jan 04, 2014 12:34 pm
Contact:

Re: Vancouver RE has dropped >10% since 2013

Thu Dec 31, 2015 1:20 pm

You said it . It doesn't matter .

The important part is the Canadian dollar makes
It cheaper for people to come buy properties
Agree, cost of living be damned. As long as my property is more valuable than my neighbours, it's all good in the hood.
 
Geyser
Real Estate Talker
Posts: 3569
Joined: Tue Jun 05, 2012 5:26 pm
Location: In a van down by the river
Contact:

Re: Vancouver RE has dropped >10% since 2013

Thu Dec 31, 2015 7:32 pm

You said it . It doesn't matter .

The important part is the Canadian dollar makes
It cheaper for people to come buy properties
Agree, cost of living be damned. As long as my property is more valuable than my neighbours, it's all good in the hood.
Yes it's true. Under our assessed value "mil system", if your property appreciates faster than your neighbours you will enjoy a larger property tax bill, and it always provides a nice warm glow to know that you are donating more to the city coffers than your neighbours. :lol:
In fond memory of Taipan, a model of modesty, decency, dignity and tolerance. Long may we all prosper from the tremendous legacy of worldly wisdom and specialized real estate knowledge which he left in the "Arguments" thread.
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am
Contact:

Re: Vancouver RE has dropped >10% since 2013

Thu Dec 31, 2015 7:33 pm

You said it . It doesn't matter .

The important part is the Canadian dollar makes
It cheaper for people to come buy properties
Agree, cost of living be damned. As long as my property is more valuable than my neighbours, it's all good in the hood.
to the moon ladies and gentlemen
 
Geyser
Real Estate Talker
Posts: 3569
Joined: Tue Jun 05, 2012 5:26 pm
Location: In a van down by the river
Contact:

Re: Vancouver RE has dropped >10% since 2013

Thu Dec 31, 2015 7:45 pm

You said it . It doesn't matter .

The important part is the Canadian dollar makes
It cheaper for people to come buy properties
Agree, cost of living be damned. As long as my property is more valuable than my neighbours, it's all good in the hood.
to the moon ladies and gentlemen
Yes, we need those extra property tax dollars for more bike lanes!
In fond memory of Taipan, a model of modesty, decency, dignity and tolerance. Long may we all prosper from the tremendous legacy of worldly wisdom and specialized real estate knowledge which he left in the "Arguments" thread.
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am
Contact:

Re: Vancouver RE has dropped >10% since 2013

Sat Jan 02, 2016 6:40 pm

 
Austin
Real Estate Talker
Topic Author
Posts: 3353
Joined: Thu May 28, 2009 1:41 pm
Contact:

Re: Vancouver RE has dropped >10% since 2013

Sun Jan 10, 2016 3:06 pm

If you try to travel or buy anything interesting, you have to pay like 40% more. How does that make you feel rich?
Redistribute consumption, not income.
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am
Contact:

Re: Vancouver RE has dropped >10% since 2013

Sun Jan 10, 2016 3:11 pm

Most people don't travel once a month . Maybe a few times a year . The lower dollar encourages foreigners to buy homes here helping raise prices for a tax free profit
 
eyesthebye2
Real Estate Talker
Posts: 1207
Joined: Sun Jul 27, 2014 6:41 am
Contact:

Re: Vancouver RE has dropped >10% since 2013

Sun Jan 10, 2016 11:12 pm

Cdn $ down 15% annually. If that means a corresonding jump in prices, then I'm 190k wealthier this past year. How much do you have to eat or travel before you erase that 190k? See what I mean bro? Let the good times roll

If you try to travel or buy anything interesting, you have to pay like 40% more. How does that make you feel rich?
 
Austin
Real Estate Talker
Topic Author
Posts: 3353
Joined: Thu May 28, 2009 1:41 pm
Contact:

Re: Vancouver RE has dropped >10% since 2013

Sun Jan 10, 2016 11:15 pm

it's all going to catch up. Either the loonie is going to strengthen or inflation is going to settle in. You can't debase your currency with no repercussions.
Redistribute consumption, not income.
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am
Contact:

Re: Vancouver RE has dropped >10% since 2013

Sun Jan 10, 2016 11:45 pm

Yes you can by selling things valued in Canadian dollars
 
HomelessinSD
Real Estate Talker
Posts: 600
Joined: Tue Jun 15, 2004 2:12 pm
Contact:

Re: Vancouver RE has dropped >10% since 2013

Mon Jan 11, 2016 11:27 am

Cdn $ down 15% annually. If that means a corresonding jump in prices, then I'm 190k wealthier this past year. How much do you have to eat or travel before you erase that 190k? See what I mean bro? Let the good times roll

If you try to travel or buy anything interesting, you have to pay like 40% more. How does that make you feel rich?
So do you plan on using your house as a piggy bank to pay for a trip to Disneyland?

That mentality didn't work out too well in the US about 10 years ago. I know, I know... It's different here.

I guess it doesn't matter anyway - You don't care about money. Although your lifestyle might actually suffer, you feel rich so it's all good.
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am
Contact:

Re: Vancouver RE has dropped >10% since 2013

Mon Jan 11, 2016 11:37 am

exactly. you said so yourself things are different here. and this isnt the US.

Who is online

Users browsing this forum: No registered users and 16 guests