tag:blogger.com,1999:blog-5936637281134795592.post6744857921622326725..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: 30% off new developments too?Unknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5936637281134795592.post-16981713135991041152012-11-17T19:46:34.196-08:002012-11-17T19:46:34.196-08:00seriously, what fool is going to sign up for these...seriously, what fool is going to sign up for these things anymore? it's over. i heard the other day that 'stable' is the new 'up'. If that's so, then strata is the new timeshare.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-69945244615430747132012-11-17T11:26:16.156-08:002012-11-17T11:26:16.156-08:00I was looking at this project from the beginning a...I was looking at this project from the beginning and have pricing on one of their units - $527,000 for 1279 sq ft. The prices shown for 2012 are in line.<br />CJMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-34603406257630896882012-11-17T10:43:28.604-08:002012-11-17T10:43:28.604-08:00Even with these "discounts" the prices a...Even with these "discounts" the prices are still outrageous! This is located in outer Surrey after all...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-58230574450543979392012-11-17T09:22:34.531-08:002012-11-17T09:22:34.531-08:00Wondering if at this point in the cycle, new devel...Wondering if at this point in the cycle, new developers will be the most interested in heavy discounting in order to deal with their sunk costs on a timeline.CanAmericanhttps://www.blogger.com/profile/13498944583802865163noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-16776695773327293082012-11-17T00:52:16.420-08:002012-11-17T00:52:16.420-08:00What is a "true" price?
Yes developers p...What is a "true" price?<br />Yes developers put unrealistic prices on units, that's how they work. 30% off means nothing except to the sheeple who go "oohh that sounds like a good deal"<br /><br />Same as the 10% return on deposit, $100G price drop guarantee, etc. etc. <br /><br />Point is, they need suckers to keep buying.Landbaronnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-47007250163653170322012-11-16T22:26:36.665-08:002012-11-16T22:26:36.665-08:00Anyone has evidence that the original price was &q...Anyone has evidence that the original price was "true" (i.e. the developer didn't put out an unrealistically high price and slash it by 30%?)another value investorhttps://www.blogger.com/profile/07659083327214275843noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-82238478342971168702012-11-16T19:20:13.362-08:002012-11-16T19:20:13.362-08:00I haven't heard any discussion by the economis...I haven't heard any discussion by the economists and politicians about the tidal wave of debt that is engulfing this country.<br /><br />The following information is from a Statistics Canada credit market summary data table as of the end of June 2012: (The debt statistics for Canada up to the end of September 2012 will be released in about 4 weeks by Statistics Canada).<br /><br />Total debt in Canada as of the end of June 2012 (bottom line of the data table) was 5.1 Trillion $<br /><br />From the end of June 2011 to the end of June 2012 the total debt in Canada increased by 209 Billion $.<br />For that 12 month period the total debt in Canada increased at a rate of approximately 572 Million $ per day.<br /><br />I would have to agree with Karl Denninger when he said (a few years ago) "You cannot expand credit at a rate faster than GDP forever without suffering a financial panic and collapse".<br /><br /><a href="http://www5.statcan.gc.ca/cansim/pick-choisir?lang=eng&p2=33&id=3780122" rel="nofollow">http://www5.statcan.gc.ca/cansim/pick-choisir?lang=eng&p2=33&id=3780122</a>Anonymousnoreply@blogger.com