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


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by rofina
Thu Mar 24, 2016 7:14 pm
Forum: Real Estate Talks
Topic: Overheating - Semven!?
Replies: 14
Views: 7957

Re: Overheating - Semven!?

I was curious where his next deal is, what areas he's looking into, etc - threw me off balance - he says he's sitting out. Had he told you where his next deal is, you won't be wasting your time posting here. Unless you are the one who just talk the talk. The fools are selling and greater fools are ...
by rofina
Sun Mar 20, 2016 11:59 am
Forum: Real Estate Talks
Topic: Overheating - Semven!?
Replies: 14
Views: 7957

Overheating - Semven!?

Interesting anecdote to share. Ran into a acquaintance that reminds me of Semven - he has been in the land assembly business out in Surrey/Delta for the past decade or so. Built homes, and townhomes. Naturally, we spoke about the ridiculous state of the market, him being an ardent bull over the past...
by rofina
Tue Mar 15, 2016 7:45 am
Forum: Real Estate Talks
Topic: Thoughts From My 1st Visit to China (Fuzhou)
Replies: 71
Views: 28200

Re: Thoughts From My 1st Visit to China (Fuzhou)

If Vancouver continues on this trend of sky high prices, I think people's expectations will adjust accordingly OR continue to wait OR they will leave. They've apparently already started: http://business.financialpost.com/personal-finance/mortgages-real-estate/millennials-fleeing-vancouver-for-citie...
by rofina
Sun Mar 13, 2016 6:45 pm
Forum: Real Estate Talks
Topic: Thoughts From My 1st Visit to China (Fuzhou)
Replies: 71
Views: 28200

Re: Thoughts From My 1st Visit to China (Fuzhou)

Condos are the most "profitable" sounds like a dome scratcher to me. If land is zoned highrises land costs will adjust. Landowners, or developers looking to rezone, will profit, not necessarily the builders. Or, if zoning were townhouses and not highrises, builders will still make ends meet. 10% pr...
by rofina
Sat Mar 12, 2016 9:51 am
Forum: Real Estate Talks
Topic: Thoughts From My 1st Visit to China (Fuzhou)
Replies: 71
Views: 28200

Re: Thoughts From My 1st Visit to China (Fuzhou)

and i have to say, that now it is much more difficult. I probably couldn't do what i did back then now . That is the crux of it. Everyone here chooses to think those that are rising alarm bells are lazy, undeserving, entitled white assholes. That couldn't be further from the truth. Business owners ...
by rofina
Sat Mar 05, 2016 8:04 am
Forum: Real Estate Talks
Topic: Should the government intervene?
Replies: 490
Views: 95268

Re: Should the government intervene?

One anecdote, a double income family just bought a property in Vancouver. Was more than they wanted but they had an eye on that property for years. They will be aggressively pricing their existing property obviously. What are we going to do about that? Why are you being so obtuse about this? Its pr...
by rofina
Fri Mar 04, 2016 6:00 pm
Forum: Real Estate Talks
Topic: Should the government intervene?
Replies: 490
Views: 95268

Re: Should the government intervene?

being envious of others money is the in thing now
Of course it is.

Inequality hasn't been this bad since the feudal times.

Remember what happened when the peasants finally revolted?
by rofina
Thu Mar 03, 2016 8:24 am
Forum: Real Estate Talks
Topic: Should the government intervene?
Replies: 490
Views: 95268

Re: Should the government intervene?

In my humble opinion, the first priority is to curb tax evasion on assignment sales. That might require more documentation at closing hopefully not causing too much inconvenience. Due to lack of knowledge I am not able to outline the precise steps which need to be taken. Secondly, as has been sugge...
by rofina
Thu Mar 03, 2016 8:16 am
Forum: Real Estate Talks
Topic: Kits Home Sells For Epic Dollars.
Replies: 19
Views: 9668

Re: Kits Home Sells For Epic Dollars.

Let me guess: rich foreigner? Who else could it possibly be? Jesse, Our household income over the last two years is in the $100,000 - $150,000 range. If you think that its still local buyers and credit conditions leading to this, point me to an institution, lender, anyone, that will entertain lendi...
by rofina
Fri Feb 26, 2016 2:28 pm
Forum: Real Estate Talks
Topic: Bentall Centre sold to a Chinese insurance company
Replies: 47
Views: 18933

Re: Bentall Centre sold to a Chinese insurance company

It's the "how" wealthy Chinese immigrate. Hide income and pay no taxes. Leave homes empty. Avail themselves to every subsidized program by showing low income. There isn't another culture that immigrates in such a way. None of us believe this kind if immigration is healthy - whether it raises house ...
by rofina
Thu Feb 18, 2016 9:29 pm
Forum: Real Estate Talks
Topic: Competition keeps home sellers in the Driver Seat
Replies: 92
Views: 31099

Re: Competition keeps home sellers in the Driver Seat

Over 37 years Barrie has seen big bull markets and quite a few corrections, including the really big one in 1982. He knows what a full market cycle can look like and he knows the market can't keep going up forever without occasional corrections. Perhaps his seemingly cautionary tone should be liste...
by rofina
Thu Feb 18, 2016 9:26 pm
Forum: Real Estate Talks
Topic: Bentall Centre sold to a Chinese insurance company
Replies: 47
Views: 18933

Re: Bentall Centre sold to a Chinese insurance company

Why would this cue racism?

Its public, its disclosed, its a business transaction.

This deal is an antithesis to the way our residential market operates.
by rofina
Sun Jan 31, 2016 9:03 pm
Forum: Real Estate Talks
Topic: New to Real Estate (Vancouver) - Need Strategic Advice
Replies: 117
Views: 42281

Re: New to Real Estate (Vancouver) - Need Strategic Advice

That's quite racist. and exclusionary too
You can't buy land in China.

I can't pay my staff $2.50 an hour.

The least we can do is protect our peoples ability to put a roof over their heads.
by rofina
Sun Jan 31, 2016 11:15 am
Forum: Real Estate Talks
Topic: Happy New Year to my friends (& haters lol) on RET!
Replies: 16
Views: 10610

Re: Happy New Year to my friends (& haters lol) on RET!

Thinktom pretends he doesnt care but it kills him that he never became more famous than a middling realtor in Vancouver.

Good luck!!!

Hes traveling the world with his family - you're whining from behind your computer.

What does that say about you?
by rofina
Sat Jan 30, 2016 3:42 pm
Forum: Real Estate Talks
Topic: New to Real Estate (Vancouver) - Need Strategic Advice
Replies: 117
Views: 42281

Re: New to Real Estate (Vancouver) - Need Strategic Advice

Late to the thread but this has to be one of the better posts I've seen on here in a long time. Working in the industry in an analytical role, I knew that the majority of detached sales in Vancouver, Burnaby, Richmond, Coquitlam were purchased by mainland chinese people. When I bought few years ago...
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