tag:blogger.com,1999:blog-5936637281134795592.post5503362032646778176..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: The media barrage about real estate continuesUnknownnoreply@blogger.comBlogger10125tag:blogger.com,1999:blog-5936637281134795592.post-72562957414486251792013-01-12T11:04:39.905-08:002013-01-12T11:04:39.905-08:00Looking closely at the article, at what point did ...Looking closely at the article, at what point did credit card debt paydowns become "savings"??? Strange concept. They're pooched, as Garth would say... Craig SterlingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-77257925835246361412013-01-10T08:45:29.011-08:002013-01-10T08:45:29.011-08:00CBC is joining in the "news" too...
htt...CBC is joining in the "news" too...<br /><br />http://www.cbc.ca/news/business/story/2013/01/10/business-sothebys-housing.html<br /><br />But hidden in the middle of the article is our city:<br /><br />The Vancouver market, however, did fall back, with sales of homes valued at over $1 million declining by 34 per cent on the year, falling back from the stratospheric highs in 2011.<br /><br />Even in Vancouver, though, in the first half of the year, 22 per cent of homes listed at more than $1 million ended up selling over asking. By the latter half of the year, that dropped to five per cent.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-85417645038151999552013-01-09T18:35:01.655-08:002013-01-09T18:35:01.655-08:00It's all one giant farce. The only reason real...It's all one giant farce. The only reason real estate prices are where they are is because of a decade of banks handing out cheap money. This is still continuing today under emergency interest rate policies. If it weren't for these emergency conditions the whole thing would have folded up long ago. <br /><br />You can see the whole city is suffering very badly from these anti-free market and intensely financially manipulated conditions. <br /><br />For many in frothy circles Vancouver is a culture that lives in Alice in Wonderland, a real estate fantasy world that is now taking greater and greater energy to hold on to.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-775258426132326212013-01-09T15:28:56.842-08:002013-01-09T15:28:56.842-08:00Hilarious. Of coarse these "experts" are...Hilarious. Of coarse these "experts" are on the defensive it's there bread and butter. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-84851019745049273252013-01-09T12:15:36.884-08:002013-01-09T12:15:36.884-08:00David Lereah published "Why the Real Estate B...David Lereah published "Why the Real Estate Boom Will Not Bust - And How You Can Profit from It: How to Build Wealth in Today's Expanding Real Estate Market" on Feb 21st, 2006... how timely of him.<br /><br />Compare that to the Case Shiller index and his timing could not have been any worse:<br />http://upload.wikimedia.org/wikipedia/commons/9/91/Case-Shiller_index.png<br /><br />Later, Lereah would admit that he was routinely pressured by executives to issue (overly) optimistic forecastsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-51712877688828884832013-01-09T11:47:30.554-08:002013-01-09T11:47:30.554-08:00Huh??Huh??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-18723985969489205412013-01-09T09:14:20.353-08:002013-01-09T09:14:20.353-08:00No, they still have Pain, Guilt, Anger and Depress...No, they still have Pain, Guilt, Anger and Depression before they begin to accept itAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-90414499456373866962013-01-09T08:42:56.243-08:002013-01-09T08:42:56.243-08:00The "insights" into the significance of ...The "insights" into the significance of the changes in the West Side Van and Whistler assessments suggests the writers of the second piece have no understanding of property tax or assessed value. <br /><br />The balance of the piece suggests their general real estate insights are on the level of an average high school student in Greater Vancouver.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-85601944153816227302013-01-09T07:31:09.124-08:002013-01-09T07:31:09.124-08:00Welll...they're kinda right.There WAS a bubble...Welll...they're kinda right.There WAS a bubble,past tense.<br />Now there is a CRASH!<br />Or are you still in a bubble til the price reverts to before bubble prices?<br />We are past peak prices just like we're past Peak Oil.Shadowfaxhttps://www.blogger.com/profile/17311542958417885861noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-43480029605861087342013-01-09T07:11:59.525-08:002013-01-09T07:11:59.525-08:00It's fascinating to watch the real estate mark...It's fascinating to watch the real estate marketing machine continue to deny the obvious. Let's see how long can they keep it up.Anonymousnoreply@blogger.com