This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS


Search found 266 matches

by VanLord
Tue Aug 23, 2016 10:33 am
Forum: Real Estate Talks
Topic: Vancouver's housing market crash hits home.
Replies: 147
Views: 33659

Re: Vancouver's housing market crash hits home.

Although, I don't think it will be all doom and gloom: If housing prices correct, my guess is that rents will remain stable / rise close to the rate of inflation. Either way rents aren't going down, and with a significant drop in RE prices, the rental demand will get stronger and the case for inves...
by VanLord
Tue Aug 23, 2016 8:20 am
Forum: Real Estate Talks
Topic: Vancouver's housing market crash hits home.
Replies: 147
Views: 33659

Re: Vancouver's housing market crash hits home.

If housing dose crash and burn, is rental prices going to go through the roof? All the people who sell will need to start renting? All the new comers will rent instead of buy and wold-be buyers will stay with the wait and see. All the basement suites as well Prices can decline (or go higher) withou...
by VanLord
Mon Aug 22, 2016 7:41 am
Forum: Real Estate Talks
Topic: Vancouver's housing market crash hits home.
Replies: 147
Views: 33659

Re: Vancouver's housing market crash hits home.

That article will be up for a Pulitzer prize ... man you are really trolling the depths to find these award winning articles.
by VanLord
Sun Aug 21, 2016 10:15 am
Forum: Real Estate Talks
Topic: Metro Vancouver real estate market in free fall?
Replies: 11
Views: 3356

Re: Metro Vancouver real estate market in free fall?

Buyers want what they want. The 15% tax will mean a 15% lower sale price on the property. I don't imagine the buyer will compromise on their lication. Sorry but that is an overly simplistic analysis.  Foreign buyers are now faced with a discriminatory tax which means they are no longer on a level p...
by VanLord
Fri Aug 19, 2016 9:32 pm
Forum: Real Estate Talks
Topic: Metro Vancouver real estate market in free fall?
Replies: 11
Views: 3356

Re: Metro Vancouver real estate market in free fall?

The best part is that the Liberals shot themselves in the foot, and with a drastic decline in sales also means a drastic decline in Property Transfer Tax that helped prop up their balanced budget.  I guess timing wise it won't matter since the next election comes before the next budget. Ah well if t...
by VanLord
Tue Aug 16, 2016 9:03 am
Forum: Real Estate Talks
Topic: China warns Vancouver bubble
Replies: 25
Views: 7154

Re: China warns Vancouver bubble

Let's hope the gamblers and lemmings don't all rush to the exit at the same time. :D Hey Geyser, I was hoping you would respond to my rebuttal about the very very old house...I wonder what Vancouver's pricing looks like compared to inflation? AS for the Chinese exiting...where are they going to go ...
by VanLord
Fri Aug 12, 2016 9:27 am
Forum: Real Estate Talks
Topic: Should the government intervene?
Replies: 490
Views: 92214

Re: Should the government intervene?

Yes - owning a home is a privilege.  Why is it reserved for those who have money?  Many that are driving up home prices are not buying a home but rather a parking spot for their money.  If they are not contributing to the local community, tax them. Those who are gaming the system for their benefit ...
by VanLord
Thu Aug 11, 2016 10:51 pm
Forum: Real Estate Talks
Topic: How far can it drop? 20% or 30%?
Replies: 363
Views: 66756

Re: How far can it drop? 20% or 30%?

$1M in rental revenue or rental income ... either way impressive, especially in 10 years.  I would say that you were extremely risky in your strategy to achieve this but that is what the expression "fortune favors the bold" is for. Not Extremely Risky, some calculated risks yes, I had the chance to...
by VanLord
Thu Aug 11, 2016 9:20 pm
Forum: Real Estate Talks
Topic: How far can it drop? 20% or 30%?
Replies: 363
Views: 66756

Re: How far can it drop? 20% or 30%?

You also appear to have either forgotten or failed to understand the lessons from history which I have previously posted, so here is part of the New York Times commentary on the Eichholtz study on long-term house prices versus inflation. http://www.nytimes.com/2006/03/05/magazine/this-very-very-old...
by VanLord
Thu Aug 11, 2016 2:39 pm
Forum: Real Estate Talks
Topic: How far can it drop? 20% or 30%?
Replies: 363
Views: 66756

Re: How far can it drop? 20% or 30%?

Rental income or rental revenue?  Big difference. But in all seriousness, there is no money in Vancouver outside of RE.  Everyone can pretend about a friend they know about that has a decent job but in reality, your nursing grad will never own a detached home in Vancouver.  If that's the city you w...
by VanLord
Thu Aug 11, 2016 9:44 am
Forum: Real Estate Talks
Topic: How far can it drop? 20% or 30%?
Replies: 363
Views: 66756

Re: How far can it drop? 20% or 30%?

yah well Vancouver is closer to tulipmania than it is to tracking inflation.  Make all the justifications you want but at the end of the day, it's a market used to park money at the top end of the market (plain and simple).  Seriously, what industry does this city have other than a network of realt...
by VanLord
Wed Aug 10, 2016 7:21 pm
Forum: Real Estate Talks
Topic: How far can it drop? 20% or 30%?
Replies: 363
Views: 66756

Re: How far can it drop? 20% or 30%?

 if property prices just do what they have always done over the long term, that is roughly track inflation, no more and no less.  I don't believe this is a correct statement in Canada, especially Vancouver.  If that were the case based over the last ten years, assuming a 2% inflation rate, we would...
by VanLord
Fri Aug 05, 2016 3:42 pm
Forum: Real Estate Talks
Topic: Should the government intervene?
Replies: 490
Views: 92214

Re: Should the government intervene?

If it will backfire, why are you crying? LOL :D

No one is crying, but we are questioning the way this whole thing was handled and rammed in.
Taxes are good - especially when foreigners are paying and locals are benefitting.
get real reallyreal ---now we know you are just trolling
by VanLord
Fri Aug 05, 2016 8:13 am
Forum: Real Estate Talks
Topic: Should the government intervene?
Replies: 490
Views: 92214

Re: Should the government intervene?

We can question Christy Clark at election time - until then, it is good they did something. I am having a great time watching this mess from the sidelines as people like demonizer cry like a little piggy. Is it good they did something? Time will tell, I still believe this will blow up in their face...
by VanLord
Fri Aug 05, 2016 7:40 am
Forum: Real Estate Talks
Topic: Should the government intervene?
Replies: 490
Views: 92214

Re: Should the government intervene?

the government represents the people that voted them in. 9/10 agree with the tax. if you don't like it, move. Don't let the proverbial door hit you on the way out. :D :D or keep crying. whichever you prefer, I am amused by it. I think you are getting a little carried away with your comments here So...