tag:blogger.com,1999:blog-5936637281134795592.post6733543278200086324..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Did you know that, for 7 months now, westside Vancouver houses have been dropping value at the rate of over $1,000 per day? - UpdatedUnknownnoreply@blogger.comBlogger14125tag:blogger.com,1999:blog-5936637281134795592.post-23978621269304768922012-12-18T12:13:09.556-08:002012-12-18T12:13:09.556-08:00You are right. I was thinking about the direction...You are right. I was thinking about the direction of value change wrong. :)another value investorhttps://www.blogger.com/profile/07659083327214275843noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-61555288407310622922012-12-17T21:42:44.356-08:002012-12-17T21:42:44.356-08:00Regarding the slowness of the drop it really does ...Regarding the slowness of the drop it really does sneak up over time. I lived through the drop in Nevada 2005-2010 and it started with the soft landing bit from the RE talking heads but in a year the writing was on the wall. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-46440464016280680262012-12-17T18:44:01.204-08:002012-12-17T18:44:01.204-08:00Losing value at $1,140/day? Sounds like a crash to...Losing value at $1,140/day? Sounds like a crash to me!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-50307921617618430032012-12-17T17:53:33.477-08:002012-12-17T17:53:33.477-08:00That should be1756 for under $100K!
BTW, $100K-12...That should be1756 for under $100K! <br />BTW, $100K-125K shows up 1556 more, and those won't be trashed, unliveable and in abandoned unfinished subdivisions.alexcanuckhttps://www.blogger.com/profile/08605337369229736033noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-86224408474503562252012-12-17T17:48:18.150-08:002012-12-17T17:48:18.150-08:00http://tinyurl.com/bmz2w3b
Very simple, top result...http://tinyurl.com/bmz2w3b<br />Very simple, top result on "Phoenix Real Estate" google search, entered up to $100K. 1756 detached homes for sale in the Phoenix area for under $110K.<br /><br />Yes, in the aftermath of a massive bubble it can and does over-correct, and houses sell for well under the cost of building it! Some of them will be trashed and looted, no doubt, some should never have been built, some are built very shoddily, but none-the-less, they sold for way more than they are worth during the bubble, and can now be bought for far less than it cost to build them.<br />The same result can be found in many areas, and countries.<br />alexcanuckhttps://www.blogger.com/profile/08605337369229736033noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-30383171833820648432012-12-17T16:57:23.937-08:002012-12-17T16:57:23.937-08:00Generally speaking, I would suspect an unfinished ...Generally speaking, I would suspect an unfinished house would be worth LESS than one that you could actually... you know... live in?<br />Although all the neighbouring houses are assessed much the same, and 6171 Dunsmuir is assessed at $1,435,000 and sold 31/Oct/2011 for $1,400,000. <br />Assessment seems to fit everything except what it did sell for, and especially what it would sell for out of foreclosure in 3-5 years time!alexcanuckhttps://www.blogger.com/profile/08605337369229736033noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-82361914555790880242012-12-17T16:30:25.846-08:002012-12-17T16:30:25.846-08:00I'm a big bear and I see Richmond getting rock...I'm a big bear and I see Richmond getting rocked the most. But saying that house is worth 350k is just plain stupid. The cost to build the home is likely in the 500k range. Not to mention, it's a home built by Townline, not a shitt builder.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-56434824228194252452012-12-17T16:15:46.875-08:002012-12-17T16:15:46.875-08:00The house was built in 2011. Does it mean it has ...The house was built in 2011. Does it mean it has sat vacant on the market for a year before someone scooped it up?<br /><br />Btw, the assessed value is for an unfinished property. Does it partially explain the large deviation of the sales price vs assessed price?another value investorhttps://www.blogger.com/profile/07659083327214275843noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-89348107221766980242012-12-17T15:24:06.626-08:002012-12-17T15:24:06.626-08:00Seriously... this is a $350,000 house. That it co...Seriously... this is a $350,000 house. That it could sell for even $580,000 is crazy. When the market drops, it's going to fall hard. 32% isn't even a flesh wound off that $1.4 mil assessment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-84860562716929250142012-12-17T14:36:11.720-08:002012-12-17T14:36:11.720-08:00I'm on the road too. But when I last checked, ...I'm on the road too. But when I last checked, the sales details showed a memo "tax incl in sales price"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-3728445879455904352012-12-17T14:11:52.605-08:002012-12-17T14:11:52.605-08:00Ah yes,the latest design trend.. because the lots ...Ah yes,the latest design trend.. because the lots are so narrow,allocate the entire front of the house to the garage and make the people enter on the side like servants.Shadowfaxhttps://www.blogger.com/profile/17311542958417885861noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-46789068649395583632012-12-17T14:10:54.862-08:002012-12-17T14:10:54.862-08:00On the road at the moment... do you know what that...On the road at the moment... do you know what that HST amount was?Whispererhttps://www.blogger.com/profile/03524022285962626228noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-82795438863816152882012-12-17T14:08:22.602-08:002012-12-17T14:08:22.602-08:00What I can't believe is how they shoehorn thes...What I can't believe is how they shoehorn these particle board palaces beside each other.<br />Spend a million bucks for the privilege of looking in each other's bathroom windows.<br />Yeah nice backyard too,what a joke.<br />Do people actually live in these things?Shadowfaxhttps://www.blogger.com/profile/17311542958417885861noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-17093437438853811332012-12-17T12:43:44.131-08:002012-12-17T12:43:44.131-08:00That terra nova home went for 1.06 mil with the hs...That terra nova home went for 1.06 mil with the hst incl in the price.Anonymousnoreply@blogger.com