Saturday, August 29, 2009

Interesting Article on the Rich

Having their net worth trashed in this recession. McAfee anti-viral founder blew through $100 Million in bad RE investments. I will post a link at the bottom.

But here's what got me..he sold his waterfront stunning Hawaii estate at auction and only got $1.5 Million for it. It is stupendously beautiful. The sort of place I could happily go and live until I draw my last breath.

http://www.auctioncompanyofamerica.com/pdf/217_G-870web.pdf

What would you get in Vancouver for $1.5 Million??


Anyone want to post some choice comparisons to show just HOW over-priced Vancouver is.

Here is the article:

http://finance.yahoo.com/banking-budgeting/article/107575/rise-of-the-super-rich-hits-a-sobering-wall.html

11 comments:

  1. How about a 10 year old house off 41st ave ?

    http://www.realtor.ca/propertyDetails.aspx?propertyId=8629016

    ReplyDelete
  2. Oh god, it just gets worse and worse.
    http://www.realtor.ca/propertyDetails.aspx?propertyId=8442759
    http://www.realtor.ca/propertyDetails.aspx?propertyId=7874550

    And remember, some infinitely stupid, infinitely rich ethnic group will pay these prices and save us!

    ReplyDelete
  3. Fish take a look at this gem V748178. We live in the Twilight Zone in Vancouver.

    ReplyDelete
  4. Pfff...but that's just Hawaii..WE, on the other hand, live in VANCOUVER! We have oceans, mountains, and um...the Olympics! Why live in Hawaii where you can watch whales from your living room when you can live at Woodwards and watch drug addicts for entertainment?

    When will the madness stop???

    ReplyDelete
  5. Best place on methAugust 30, 2009 at 6:40 PM

    Molokai: It's not just for lepers anymore.

    ReplyDelete
  6. Hey guys if you repost my stuff here:

    http://tinyurl.com/m896a4

    At least a quick acknowledgement would be appreciated :)

    ReplyDelete
  7. Holy crap. Anyone who buys those places for that much money deserves financial ruin.

    ReplyDelete
  8. 14 new listings in West Van today. 3 price reductions. No sales.

    All still wildly over-priced IMVHO.

    Shanghai stock market fell almost 7% today.

    maybe people are starting to back off from over-paying for assets. Lets see.

    ReplyDelete
  9. no, you just need this one... and its not even IN Vancouver :P

    http://www.realtor.ca/propertyDetails.aspx?propertyId=8365922

    ReplyDelete
  10. Today West Van had 10 listings 2 reductions and 3 sales. Could this be the start of a trend?

    ReplyDelete
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