tag:blogger.com,1999:blog-5936637281134795592.post5199783181419007155..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Did we say -40% below assessed value? Correction... it's now -50% below assessed value.Unknownnoreply@blogger.comBlogger16125tag:blogger.com,1999:blog-5936637281134795592.post-81532144855855658502012-11-24T05:52:18.331-08:002012-11-24T05:52:18.331-08:00Beeeelllllcchhhh! Yup. That felt good.Beeeelllllcchhhh! Yup. That felt good.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-42060907823622383582012-11-23T11:25:12.026-08:002012-11-23T11:25:12.026-08:00It must be nice to eat hundreds of thousands of do...It must be nice to eat hundreds of thousands of dollars and not burp.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-9001118381253054732012-11-23T01:26:46.869-08:002012-11-23T01:26:46.869-08:00Money isn't everything to all people.Money isn't everything to all people.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-54194902730723368722012-11-22T20:48:57.400-08:002012-11-22T20:48:57.400-08:00This is starting to happen all over greater Vancou...This is starting to happen all over greater Vancouver - assignments coming on market. 'All the best locations'. As noted on an earlier blog on this site this is why projects are sold out so fast. Imagine owning one of these 40 units in Coquitlam - all coming due Spring 2013. Multiply this with all the projects in similar circumstances and you have a massive meltdown. <br />CJM<br /><br />"Foster by Mosaic. The building will be ready for occupancy approx Spring2013. We have 40 other units for sale by assignment, all of our units are first pick - meaning the best locations and best lay out". Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-13971383879670834482012-11-22T18:46:48.353-08:002012-11-22T18:46:48.353-08:00"I have a paid off house too..." So why ..."I have a paid off house too..." So why don't you sell and buy back in around 2015 or so?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-79861239287995202682012-11-22T16:03:48.082-08:002012-11-22T16:03:48.082-08:00The Teranet index shows a small month over month i...The Teranet index shows a small month over month increase for Vancouver house prices for October. Is anyone suspicious about this? Did they change their methodology since 2008? Similar market conditions in 08-09 seemed to result in a much faster, more dramatic drop in the index. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-88307428072185784782012-11-22T15:50:44.418-08:002012-11-22T15:50:44.418-08:00I cannot wait for 50%!
Think of the Pain and Suff...I cannot wait for 50%!<br /><br />Think of the Pain and Suffering!<br /><br />lolBigDaddynoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-29277361482011482082012-11-22T11:23:30.223-08:002012-11-22T11:23:30.223-08:00My mistake. I should not have written 50% off. Jus...My mistake. I should not have written 50% off. Just got carried away with the moment so I will retract that bit.....<br /><br />Shall I just call myself "anon 8:48" in future?<br /><br />Anon848Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-77163038328579848332012-11-22T10:27:55.052-08:002012-11-22T10:27:55.052-08:00Yeah, I get a real damn belly laugh too whenever s...Yeah, I get a real damn belly laugh too whenever somebody tries to say something like "hey, this is just an aberration...it don't mean nuthin at all"....or something along those lines.<br /><br />Think back to your dinner parties of this time last year. Everyone was all fat and greasy with the stuffing of their easy equity gains and big sassy outlandish Heloc loans. <br /><br />The braggarts carried the show with ease and anyone not invested in housing just hid their sorry faces and slunck away in shame (or disgust) when the meal was finished.<br /><br />If even a rumour of a house selling at 50% off was brought up the whole room would have sat in stunned silence.<br /><br />Cripes, it is not even a subject anyone wants to talk about this year. Real Estate blather is almost verboten as many lick their wounds and fret over selling or holding and going down with the ship.<br /><br />I have a paid off house too but it still turned my stomach listening to all the bullshit these past years as friends of mine foolishly borrowed or bought themselves into insolvency.<br /><br />Bunch of idiots. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-30640848862090365902012-11-22T10:23:05.129-08:002012-11-22T10:23:05.129-08:00@ anon 6:51
It doesn't indicate a trend but l...@ anon 6:51<br /><br />It doesn't indicate a trend but last year you would never see properties listed 30% below assessed value and not selling. <br /><br />@ anon 8:48 and others (can't you guys just pick a name?)<br /><br />Calling this 50% off is a bit of a stretch, it has an special assessment of over 27% of its assessed value so it's really closer to 25% off, which is more in-line with other properties with desperate sellers. daversnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-31900029663883389682012-11-22T09:48:22.809-08:002012-11-22T09:48:22.809-08:00Realtors are all over it, in denial making respons...Realtors are all over it, in denial making responses like the one above yours...Black Friday house sales anyone?!?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-60852501550164562742012-11-22T09:32:47.678-08:002012-11-22T09:32:47.678-08:00I can't believe how many "just a flesh wo...I can't believe how many "just a flesh wound" comments pop up. Geez, prices cannot go up for ever, even if people close their eyes and put their hands over their ears..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-80831608215470397262012-11-22T09:27:12.299-08:002012-11-22T09:27:12.299-08:00The rats are bailing now, got to get out before Sp...The rats are bailing now, got to get out before Spring 2013 hits.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-4755534767149549372012-11-22T09:24:18.920-08:002012-11-22T09:24:18.920-08:00There's also the problem of houses on the West...There's also the problem of houses on the Westside that have been listed and then de-listed several times over the past six months.<br /><br />I'm not sure if these are speculators that want to get out of the market and can't or people who heard that the market was turning and expedited their existing plans to downsize or move elsewhere.<br /><br />I'm expecting these houses to hit the market again come spring. By then the cultural narrative may have shifted to expecting a slide in housing prices.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-56972392215990334552012-11-22T08:48:55.392-08:002012-11-22T08:48:55.392-08:00Oh PLEASE!!! 50% off and no takers?....I don't...Oh PLEASE!!! 50% off and no takers?....I don't know if it needs to be a trend when instead it is red lights flashing and alarm bells ringing off the hook. <br /><br />Houston..there is no lift-off.<br /><br />Who needs a trend? An outlier like this is enough to leave everyone scratching their heads in wonder.<br /><br />Is Vancouver officially crazy? When was the last time you heard of a discount this large (or any discounted property) that did not sell.<br /><br />You would think realtors would be all over this one trying to get a quick sale. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-87123555837084034372012-11-22T06:51:30.275-08:002012-11-22T06:51:30.275-08:00Much as I like reading these, a few houses isn'...Much as I like reading these, a few houses isn't a trendAnonymousnoreply@blogger.com