tag:blogger.com,1999:blog-4251672323919283767.post1153486913281372923..comments2024-03-27T23:03:29.351-07:00Comments on Vancouver RE and then some: WE DID IT!Fish10http://www.blogger.com/profile/09770438465068216630noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4251672323919283767.post-1732860625710897912011-10-01T20:42:47.229-07:002011-10-01T20:42:47.229-07:00Garth has zeroed in on Vancouver's drooping ma...Garth has zeroed in on Vancouver's drooping market<br /><br />http://www.greaterfool.ca/<br /><br />Mt favorite part:<br /><br />Of course, BC’s great HST flip-flop has something to do with that. Now that the province has announced it will kill the tax, which applies to new builds over half a million (for that, in VanCity, you get an ‘It’s My Potty” and an empty Best Buy box) construction has all but stopped as buyers wait for the levy to disappear. But that’s more than a year away. As you might imagine, it’s a disaster.<br /><br />However, we’re talkin’ Van west here, where shacks on so-so-lots get $2 million and particle board McMansions have commanded twice that. Does a horny rich, jet-lagged Asian laying down four mill really care about a few hundred thousand more in tax? Or was all that HAM hype of last Spring just that? Realtor-created, media-infused, jingoistic marketing crap?anonnoreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-65312222926112569712011-10-01T11:27:30.595-07:002011-10-01T11:27:30.595-07:00You are right anon.
In fact, if anything. I would...You are right anon.<br /><br />In fact, if anything. I would say Average over-estimates the over-all market in this case, since the HAM have still been very active in the high-priced areas.<br /><br />If so, we should see an equal drop in the median or benchmark.fish10noreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-43141220143161771642011-10-01T09:26:25.616-07:002011-10-01T09:26:25.616-07:00average price is unreliable as it depends on the s...average price is unreliable as it depends on the sales mix. but it's still nice to see a dropAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-44014120429616487812011-10-01T09:06:25.332-07:002011-10-01T09:06:25.332-07:00MOI = 7MOI = 7Fish10https://www.blogger.com/profile/09770438465068216630noreply@blogger.com