tag:blogger.com,1999:blog-5936637281134795592.post7741331808453460291..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: A 'Softening' MarketUnknownnoreply@blogger.comBlogger9125tag:blogger.com,1999:blog-5936637281134795592.post-73680545509759416912012-12-09T22:54:59.165-08:002012-12-09T22:54:59.165-08:00From what I read on their website, that program is...From what I read on their website, that program is still "suspended until further notice" but there are still investor immigrants being processed, just no new applications being accepted. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-12734531391572422182012-12-09T20:52:21.492-08:002012-12-09T20:52:21.492-08:00We're on track for -6% to -4% YOY by the late ...We're on track for -6% to -4% YOY by the late winter. I don't think that's a "crash" either, but then again I can look also outside the window and see for myself it's not raining when I choose what to wear outside.jessehttps://www.blogger.com/profile/02155122147972263497noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-83017517752449522422012-12-09T19:22:38.364-08:002012-12-09T19:22:38.364-08:00What is the status of the Immigrant Investor Progr...What is the status of the Immigrant Investor Program right now? Is it slated to come back before 2013?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-77847512143995137212012-12-09T16:58:33.936-08:002012-12-09T16:58:33.936-08:00I'm not seeing 30% drops in condo prices in th...I'm not seeing 30% drops in condo prices in the westside. Are they happening as a general rule? I hate looking at the most godawful unit in the most forsaken fugly building, seeing it 30 points below assessment and saying the way this unit goes, so goes the rest of the market. (I'm talking West side townhouse/duplex/condo... ain't seeing it).<br /><br />Not yet. And the longer it takes the longer the usual SNAFU rescue could take place in Vancouver--by renewing the investor VISA, by finding property-loving Martians who want to call YVR home. By whatever else could come down the pike in the future. <br /><br />Call me a pessimist but Mark isn't that far off market reality for today, as your article points out. And if our market goes the way of Seattle, San Francisco where buyers have pulled almost everything worth buying off the market and banks aren't forced to sell because they've got their pockets stuffed with bailout money, then I will be gravely disappointed and Mark will be LHFAO! Again!macnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-45240193364147303872012-12-09T16:03:45.851-08:002012-12-09T16:03:45.851-08:00Ummm...somebody might want to let "Einstein&q...Ummm...somebody might want to let "Einstein" Stewart know that listings normally get pulled-off the market as Christmas approaches. (This accounts for a whopping 2 open houses in the entire city of Richmond this weekend).<br /><br />That's why it's always good to compare against the same month a year earlier (...a better "apples to apples" comparison). In that regard, November 2012's inventory is extremely high. <br /><br />So much for that argument!The_Icemannoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-78975398765838287602012-12-09T14:18:32.507-08:002012-12-09T14:18:32.507-08:00"He also conveniently ignores the surrounding..."He also conveniently ignores the surrounding circumstances that brought us to where we are today."<br /><br />This is the biggest issue I take with such predictions. Yes, things could plateau or softly slide. But the probability of a much larger correction based on how vastly skewed the markets are from fundamentals is much higher.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-2286626521160468122012-12-09T11:48:32.929-08:002012-12-09T11:48:32.929-08:00Some realtors predict that the market is great, ye...Some realtors predict that the market is great, yet at the same time have their house on the market. They are now selling their homes that they have owned for 10-20 years. Why now? foodiehttps://www.blogger.com/profile/08558516192788579172noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-58061480913964044932012-12-09T10:30:35.701-08:002012-12-09T10:30:35.701-08:00Real estate agents can only extrapolate when the t...Real estate agents can only extrapolate when the trend is upward, then trees grow to the sky. It's only when there is a downward trend do they start believing in reversion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-38898461654166985162012-12-09T08:45:45.398-08:002012-12-09T08:45:45.398-08:00Mike Stewart has a typical myopic view that only l...Mike Stewart has a typical myopic view that only looks at current data but he can't (or won't) extrapolate that data and the underlying trend out to the future. He also conveniently ignores the surrounding circumstances that brought us to where we are today.Anonymousnoreply@blogger.com