tag:blogger.com,1999:blog-5936637281134795592.post292109981521040090..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: The root of the analysts' belief why there won't be a system shock to create a housing collapse hereUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5936637281134795592.post-30609398264568237362012-12-01T23:21:51.420-08:002012-12-01T23:21:51.420-08:00Heh, here's how you make Burnaby seem hot - yo...Heh, here's how you make Burnaby seem hot - you build a time machine, and go back to 2010, or 2007, and then you pretend burnaby is like 2007 richmond. <br /><br />Absent the time machine strategy, I don't know the hell you do...EinsatzgruppenVancouvernoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-29192059029422362202012-12-01T16:57:16.489-08:002012-12-01T16:57:16.489-08:00The article in the Burnaby Now also reported that ...The article in the Burnaby Now also reported that Burnaby has the 3rd highest home prices in the country behind Vancouver West and Richmond... and then it goes on to say "for a specific type of home".<br /><br />So, basically they go on to say they only looked at 4 bedroom 2 bathroom single family homes and used that to determine that Burnaby is in 3rd place in the country and Richmond is in 2nd and they speak of all the asian buyers creating lots of demand.<br /><br />I'm used to the real estate industry twisting numbers and stats around but this is a whole new level of stupid.<br /><br />An ObserverAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-26691455786162147272012-12-01T11:40:20.206-08:002012-12-01T11:40:20.206-08:00"But another dimension of the recent trend, a..."But another dimension of the recent trend, a cooling in house prices, is less of an unambiguous negative as it’s often made out to be"<br /><br />They couldn't have made that statement less unambigious if they didn't even try!daversnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-1063664712017304992012-12-01T10:55:22.278-08:002012-12-01T10:55:22.278-08:00Ummm...what "Richmond" would the paper b...Ummm...what "Richmond" would the paper be referring to? ...certainly not Richmond, B.C. This place is DEAD! As Garth would say, I can hear the crickets chirping. What's that "whooshing" sound?...that's the air coming out of the deflated balloon.<br /><br />"Just like Richmond"?...good luck with that!The Icemannoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-66278560293401149302012-12-01T09:55:31.783-08:002012-12-01T09:55:31.783-08:00Article in the Burnabynow "newspaper" su...Article in the Burnabynow "newspaper" subtitled "Agent says Asian buyers pushing up prices" he basically states "so now with the Asian market, Richmond has actually been bumped up because of the demand from Asian buyers". His hypothesis is that this will happen in Burnaby too. Naturally I don't agree with any of that, but it just goes to show the spread of misinformation and outright lies being spread by the Real Estate industry. He also says buyers need to adjust their "expectations" and buy townhouses and condos when house prices rise so high. He must be reading from Cam Good's book.Anonymousnoreply@blogger.com