Blogs about: 01 He Said She Said
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“I explained that if the present rate of price appreciation continued that same house would be worth $92 million in 2051. He astounded me by responding, yes of course. That’s why he was buying a second house.”
“My idiot neighbour. In his mind “real estate ALWAYS goes up”. When I tried to explain to him that Vancouver was in an unsustainable bubble situation and he said I was crazy. The example I used… more →
Vancouver Real Estate Anecdote Archive
"I explained that if the present rate of price appreciation continued that same house would be worth $92 million in 2051. He astounded me by responding, yes of course. That's why he was buying a second house."
— 75 comments
wrote 2 months ago: “My idiot neighbour. In his mind “real estate ALWAYS goes up”. When I tried to explain to him … more →
"I have continuing conversations with a friend who spent just under 1 million for an East Van home..."
— 7 comments
wrote 2 months ago: “I have continuing conversations with a friend who spent just under 1 million for an East Van … more →
'Vancouver Is Awesome' "Community-Based Social-Venture" Blog Actually A Stealth Paid Promoter Of Olympic Village
— 20 comments
wrote 2 months ago: Above from a 12 Feb 2013 post on the ‘Vancouver Is Awesome’ site “Marketers of the … more →
"I was talking to a retired teacher today in Vancouver who owns a leaky condo. She says “You wait till spring arrives prices are going up”.
— 29 comments
wrote 3 months ago: “I was talking to a retired female teacher today in Vancouver who owns a leaky condo. She says … more →
"Person two said that the apparent downturn in sales and values in Vancouver is largely illusionary because it is only real estate at the top end of the spectrum that has slowed, which is artificially skewing the statistics in the mid-range."
— 36 comments
wrote 3 months ago: “Last night I was listening to the following discussion about the Vancouver housing market. It … more →
"At a BBQ at the inlaws’ place back in May, they and all their suburban friends were patting each other on the back about how awesome it was to own property that kept going up and up and up."
— 20 comments
wrote 5 months ago: “I just recently found out my inlaws are planning on selling their house in Surrey. In April, … more →
'Time Magazine' Asks Bearish Questions About Our RE Market; Canadian Readers Indignant
— 20 comments
wrote 5 months ago: [Image from Time Magazine] “For some time during and after the financial crisis, it was fashio … more →
"I still have kids living in BC who refuse to believe that this is anything more than a hiccup in the Canadian market."
— 29 comments
wrote 5 months ago: “My family sold my mother’s old Vancouver West house in November 2011… a year ago. Thank god a … more →
"When I was in their office last week, I overheard the conversation of a realtor saying his friends have bought homes to flip and they are all stuck with them now. He said the market has fallen so fast, it's so different from the actual stats."
— 15 comments
wrote 5 months ago: “He [a local realtor] says the market is good and he is busy. That’s not what I’m … more →
Robyn Adamache, CMHC market analyst - "Vancouver is down 9% from the 2011 peak."
— 28 comments
wrote 6 months ago: “On the CBC Radio Early Edition this morning [13 Nov 2012], a few minutes before 7:00 am, Rick … more →
"We are in fact like a mini Manhattan/.. Yaletown, one of the boroughs within downtown Vancouver/.. Vancouver is the Swiss bank account of international real estate/.. Just too strong for any sort of bubble circumstance to happen/...In Vancouver you can today buy a condo, and have 40 people lining up to try to rent that condo."
— 23 comments
wrote 7 months ago: CAMERON McNEILL: “Whenever the market goes near the top part of the cycle we always do hear pe … more →
"A few months back, when I told my landlady, as I often have in the past, that I think prices will fall, she said, “Why would they?”
— 16 comments
wrote 7 months ago: “[The National piece] resulted in “bubble” and “crash” being said on TV. And that will be enou … more →
"Here’s a message from me to the current owners of the foreclosed house I will eventually be buying: Please put in gas appliances! I hate electric stoves!"
— 21 comments
wrote 8 months ago: “Here’s a message from me to the current owners of the foreclosed house I will eventually be b … more →
"Last year, my friend was asking me what to do with her house in Van West, I said sell it, she said the market will keep going up."
— 22 comments
wrote 9 months ago: “Last year, my friend was asking me what to do with her house in Van West, I said sell it, she … more →
"Second friend turned around and said that there is no way it’s going to crash in Vancouver, since San Francisco never crashed."
— 21 comments
wrote 9 months ago: “Was at a friend’s wedding last night, with a group of friends. One asked me if I am goi … more →
"A 27 year old colleague of mine bought in Whalley in late 2009, claiming that it would be the new Yaletown."
— 13 comments
wrote 9 months ago: “A 27 year old colleague of mine went out and bought in Whalley in late 2009, claiming that it … more →
Bear Wins Bet - "Earlier in the year a bull at my work asked me for my prediction for house prices for end of 2012, to which I said 10%-off and he immediately bet me $100 so I took it."
— 16 comments
wrote 10 months ago: “Earlier in the year I mentioned a bull at my work, who knows about my bearish views asked my … more →
"Are you a landowner in Pitt Meadows?" - "No, a happy renter while the market collapses." - [Laughing] "That won't happen!"
— 5 comments
wrote 10 months ago: “I was just walking into the IGA in Pitt Meadows, where the front page news is property taxes … more →
"Here’s some bearish banking gossip for you as you wait for the Vancouver RE price decline..."
— 26 comments
wrote 10 months ago: “Here’s some bearish gossip for you as you wait for the decline. A friend of mine, who used to … more →
