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by VanBullBear
Thu Feb 23, 2017 10:44 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

It is interesting to see how people can still try to jump in the train after so long, and when mathematically it is not possible for the middle class to buy anymore. This is a sign of an anomaly in the system, and all anomalies end u^being corrected over time. Some people out there will be very sur...
by VanBullBear
Thu Feb 23, 2017 8:59 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

It is interesting to see how people can still try to jump in the train after so long, and when mathematically it is not possible for the middle class to buy anymore. This is a sign of an anomaly in the system, and all anomalies end u^being corrected over time. Some people out there will be very sur...
by VanBullBear
Wed Feb 22, 2017 9:10 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

I called this.  People where sitting on their hands because negative media and hopes that the market was failing. In the last 3 weeks I have seen it pick up.  Prices are above peak levels, at peak levels or just below peak levels.  If the products good its selling.  I could be wrong lets see what h...
by VanBullBear
Sun Feb 19, 2017 3:02 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

Unfortunately, the prices are extremely high compared to the average income, you would have to be at the very least within the top 5 percent of the population to even get in a detached even with 20% down A detached property is not an average property. Why should an average income fit? As Ive said m...
by VanBullBear
Sun Feb 19, 2017 12:18 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

Real estate is not a investment for me, its a piece of mind for me and my kids and a legacy for me to leave to them. The property I live in now was purchased with a large inheritance from my parents.  I'm Asian and buying property to live in is just part of the culture, I don't ever plan to sell my...
by VanBullBear
Sun Feb 19, 2017 9:45 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

I'm reading all these posts of people saying the market is tanking, or the market is going to the moon.  Its funny because it reminds me of something my uncle told me once.  He was a really successful business man who has since retired and who made a lot of his money in grape farming and retail sto...
by VanBullBear
Sun Feb 19, 2017 9:20 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

https://vreaa.files.wordpress.com/2010/09/vreta-chart-3-scenario-5.jpg https://vreaa.wordpress.com/2010/09/11/five-charts-predicting-future-vancouver-housing-prices-with-the-aid-of-technical-analysis/ These charts were done in 2010, we can look forward 7 years and if you compare to what actually ha...
by VanBullBear
Sat Feb 18, 2017 8:57 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

Ok I need to be clear, what I have been talking about is called "Dow theory" from Charles Dow. As in Dow Jones He has six basic tenets of Dow theory The market has three movements ( 1 ) The "main movement", primary movement or major trend may last from less than a year to several years. It can be b...
by VanBullBear
Sat Feb 18, 2017 7:11 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

he second type of movement is a correction which goes against the direction of the trend, these typically pull-back around 50% to 60% WTF? Where do you get your info from? Corrections of 50% are exceedingly rare...anywhere. And in Vancouver we're talking about never. Correction of 50% is completely...
by VanBullBear
Sat Feb 18, 2017 6:58 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

Real estate is suppose to follow inflation This here is one of the biggest myths you'll hear about real estate. If property prices followed inflation, you'd have the same values in Brandon, MN as Vancouver since the inflation rates are the same. There is no consideration given to immigration, land ...
by VanBullBear
Sat Feb 18, 2017 3:26 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

Agree. The market is slow.  But picking up now after a 6 month hiatus. If you're a realtor you still see the market as way too slow. From the sales Im posting, I dont see very much discounting. A decent house not needing renos, good neighbourhood, 33x122 lot, with suite is still going to cost you 1...
by VanBullBear
Sat Feb 18, 2017 2:33 pm
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

I can't stress enough, no one is claiming the market is not dipressed or slow. Atleast from what I can gather from ETB and myself. I think ETB and myself have been advocation the bottom hasn't fallen out completely. Its down but not at sensationalized as expected. I personally feel the market is ta...
by VanBullBear
Sat Feb 18, 2017 8:07 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

tdma800, who is currently on your ignore list, made this post.
Display this post.


 
tdma800, who is currently on your ignore list, made this post.
Display this post.
What are you saying? lol
by VanBullBear
Sat Feb 18, 2017 8:06 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

This one represents about as good a deal as you're going to get. Decent house - check Lot size near std -check Suite - check Neighborhood - check AND ITS CHANGED HANDS AT 1.3 MILLION. Thats about the bottom line on a decent house folks...$1,300,000. And this one was original condition with no renos...
by VanBullBear
Sat Feb 18, 2017 7:55 am
Forum: Real Estate Talks
Topic: Vancouver indvidual property sales details
Replies: 4691
Views: 1372404

Re: Vancouver indvidual property sales details

The things that ETB are posting are facts. House x sold for this much over asking price at this date <- this is a fact. But you need to put things into context and do some statistical analysis. You can't post 10 examples and claim that you know what's going on in the market. There were 440 detached...