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


Moderator: admin

 
johnlaury
Real Estate Talker
Topic Author
Posts: 308
Joined: Sat Dec 16, 2006 6:31 pm
Contact:

Only in Vancouver...

Fri Aug 19, 2011 10:32 pm

Only in Vancouver, people are delusional enough to think what a great investment real estate is when the rest of the world is contemplating whether we are entering another global recession or something much worse.

I must give it to some of the people on this board, the creative reasoning behind why Vancouver prices are bullet proof no matter if the rest of the world burns to ground is quite fascinating.

John,

PS: ETB, I am waiting for you to dig up some of my old posts in order empower yourself.
 
Taipan
Real Estate Talker
Posts: 3574
Joined: Fri May 30, 2008 11:24 pm
Contact:

Re: Only in Vancouver...

Sat Aug 20, 2011 1:44 am

..
Last edited by Taipan on Sat Aug 10, 2013 7:00 pm, edited 1 time in total.
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am
Contact:

Re: Only in Vancouver...

Sat Aug 20, 2011 5:01 am

spend some time at CORNERSTONE!

http://www.youtube.com/watch?v=8LL2jyxjk7o
 
jimtan
Real Estate Talker
Posts: 5512
Joined: Tue Jul 31, 2007 10:59 pm
Contact:

Re: Only in Vancouver...

Sat Aug 20, 2011 7:24 am

Only in Vancouver, people are delusional enough to think what a great investment real estate is when the rest of the world is contemplating whether we are entering another global recession or something much worse.
Poor sad prophet!


:P
 
eyesthebye
Real Estate Talker
Posts: 5863
Joined: Tue Jan 06, 2009 2:53 pm
Contact:

Re: Only in Vancouver...

Sat Aug 20, 2011 7:26 am

Only in Vancouver, people are delusional enough to think what a great investment real estate is when the rest of the world is contemplating whether we are entering another global recession or something much worse.

I must give it to some of the people on this board, the creative reasoning behind why Vancouver prices are bullet proof no matter if the rest of the world burns to ground is quite fascinating.

John,

PS: ETB, I am waiting for you to dig up some of my old posts in order empower yourself.
ask and ye shall receive.

Here ya go John:
by johnlaury » Fri Jan 19, 2007 1:01 pm

Oh yes, and the rich Albertans, how many of these are left? How long will they keep buying? And when they stop buying, what's next? Rich Ontarians? Rich Asians? Rich Mexicans? Rich Somalians? There must be so many rich people out there, and they ALL want to live HERE...
by johnlaury » Sat Feb 24, 2007 8:34 am
It's simple. If renting is cheaper than buying: rent.

Right now, renting is cheaper than buying; therefore, there is no need to buy.

Eventually, house prices will have to reallign with affordibility. Whether that means high levels of inflation, or a dropping house prices remains to be seen. Either way, now is NOT the time to buy.
It should be noted that the HPI for a Greater Vancouver detached house at the time of John's prophetic post was 664K, it's now 899K
by johnlaury » Fri Mar 16, 2007 1:13 pm

I will only look at real estate (at least for the time being).

Given that there are many parallels between to stock market mania and the real estate mania, it appears to me that you haven't learned your lesson from your first experience.

Manias are manias. It doesn't matter whether they are stocks, tulip bulbs, stamps sold by Ponzi, or real estate. Manias all build up and crash the same way.
now John, given you've seen year after year of increasing prices and unabated demand, could it be that real estate in Vancouver is not a mania as you suggest? Could it be that it's just the fundamental of supply and demand? Any possibility you're wrong on your assessment of the market and what drives it?
the cure for higher prices is moving to a destination with lower prices
 
johnlaury
Real Estate Talker
Topic Author
Posts: 308
Joined: Sat Dec 16, 2006 6:31 pm
Contact:

Re: Only in Vancouver...

Sat Aug 20, 2011 7:40 am

Any possibility you're wrong on your assessment of the market and what drives it?
Of course, there is always a possibility.

I just think it's highly unlikely.

John,
Last edited by johnlaury on Sat Aug 20, 2011 7:46 am, edited 1 time in total.
 
johnlaury
Real Estate Talker
Topic Author
Posts: 308
Joined: Sat Dec 16, 2006 6:31 pm
Contact:

Re: Only in Vancouver...

Sat Aug 20, 2011 7:41 am

spend some time at CORNERSTONE!

http://www.youtube.com/watch?v=8LL2jyxjk7o
I lived up there for 2 years. (Not counting my uni days on residence)

What's your point?

John.
 
User avatar
semven
Real Estate Talker
Posts: 2596
Joined: Sun Mar 09, 2008 7:25 pm
Location: If you Rent it you are still payin for it...
Contact:

Re: Only in Vancouver...

Sat Aug 20, 2011 2:14 pm

Recently we have had the opportunity to look at some residential englobo land. The sort of stuff semven rabbits on about.
It aint really "englobo" `til its assembled. Has a neighbourhood plan and engineering studies complete. Only then do you have your densities determined...You need to be sure that the infrastructure can bear the proposed use/density and you need the costs of such upgrades to determine the DCCs. Until then you are basically twistin in the wind....So take that on board along with your immaginary friends.....
Yours Truly
XXXXX XX XXXXXX

Radishes .39/bunch

(Watch for our Grand Opening next week in front of Whites` Shoes)
 
Taipan
Real Estate Talker
Posts: 3574
Joined: Fri May 30, 2008 11:24 pm
Contact:

Re: Only in Vancouver...

Sat Aug 20, 2011 3:23 pm

..
Last edited by Taipan on Sat Aug 10, 2013 7:00 pm, edited 1 time in total.
 
tdma800
Real Estate Talker
Posts: 2977
Joined: Wed Jan 23, 2008 9:12 am
Contact:

Re: Only in Vancouver...

Sat Aug 20, 2011 3:40 pm

spend some time at CORNERSTONE!

http://www.youtube.com/watch?v=8LL2jyxjk7o
I lived up there for 2 years. (Not counting my uni days on residence)

What's your point?

John.
Its a very nice place to be!
 
jimtan
Real Estate Talker
Posts: 5512
Joined: Tue Jul 31, 2007 10:59 pm
Contact:

Re: Only in Vancouver...

Sat Aug 20, 2011 4:42 pm

Any possibility you're wrong on your assessment of the market and what drives it?
Of course, there is always a possibility.

I just think it's highly unlikely.

John,
Wow!

This guy has been right in the short term (2007) and wrong in the medium term (since 2008), and he just can't be wrong?

:roll:
 
User avatar
semven
Real Estate Talker
Posts: 2596
Joined: Sun Mar 09, 2008 7:25 pm
Location: If you Rent it you are still payin for it...
Contact:

Re: Only in Vancouver...

Sat Aug 20, 2011 5:15 pm

In your rush to attack me my mousey mate you didnt get your head around what i was talking about did you.

From your perspective the sites were not englobo. Sorry mousey the sites were amalgamated years ago so no work for you.
Back to the fruit stall.

Well the DAs are all approved and as there has been substantial commencement all you need to do is comply with the LEP and the DCP and the original approval consents.
Of course you need to lodge your ECP prior to starting work, have your inspections throughout. Get the linen plan and WAX lodged before registration with the LPI.

Then you can start on the housing. Changes with NABERs are going to influence orientation and construction methods of each house.

That will of course require new DA's for that, and before you break dirt youll need to get your CC's organised before starting each one.

And guess what Mousey, most of the things i spoke about you have in canada, but are just called different names with different acronyms
Nice try...Not buying (nobody else is either)

One more time for the record....
Well the DAs are all approved and as there has been substantial commencement all you need to do is comply with the LEP and the DCP and the original approval consents.
I guess the Easter Bunny did all this prior to your arrival then?
 
Taipan
Real Estate Talker
Posts: 3574
Joined: Fri May 30, 2008 11:24 pm
Contact:

Re: Only in Vancouver...

Sat Aug 20, 2011 6:46 pm

..
Last edited by Taipan on Sat Aug 10, 2013 7:01 pm, edited 1 time in total.
 
User avatar
semven
Real Estate Talker
Posts: 2596
Joined: Sun Mar 09, 2008 7:25 pm
Location: If you Rent it you are still payin for it...
Contact:

Re: Only in Vancouver...

Sat Aug 20, 2011 7:46 pm

Whose doing the DA for the houses?

Secondly these developers are selling off excess englobo properties.

1 is listed on the Australian stock market and specialises in Hotels not residential. The other is 75 years old and retiring.

So who made you responsible for trying to prove I’m not a developer, and why should anybody listen to you?

At the present moment it sounds like you are trying to convince yourself!

calling_bullshit.jpg
calling_bullshit.jpg (62.71 KiB) Viewed 3525 times
 
Taipan
Real Estate Talker
Posts: 3574
Joined: Fri May 30, 2008 11:24 pm
Contact:

Re: Only in Vancouver...

Sat Aug 20, 2011 8:13 pm

..
Last edited by Taipan on Sat Aug 10, 2013 7:01 pm, edited 1 time in total.

Who is online

Users browsing this forum: No registered users and 19 guests