tag:blogger.com,1999:blog-4251672323919283767.post7829710265771981608..comments2024-03-27T23:03:29.351-07:00Comments on Vancouver RE and then some: OK bears you need to read this...Fish10http://www.blogger.com/profile/09770438465068216630noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-4251672323919283767.post-28722634972149903732010-05-14T14:14:29.061-07:002010-05-14T14:14:29.061-07:00Just saw this: I never hear people complain that r...Just saw this: <i>I never hear people complain that real estate is unaffordable in Richmond, Coquitlam or Surrey. </i><br /><br />NOPE. It's unaffordable there, too. <br />Plus, you spend extra on the commute if you work in Vancouver, and that is a non-negligible cost.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-79587759143687327612010-04-30T19:29:46.643-07:002010-04-30T19:29:46.643-07:00I try not to be too pissed off and I certainly don...I try not to be too pissed off and I certainly don't want Armageddon and mass unemployment. <br /><br /> I am not, however, in favour of non-residents buying real estate, period. Whether it is blue collar Canadians buying RE in Guatemala or off-shore Asians buying RE in Vancouver. Why? Wealth is unevenly distributed and capital is infinitely mobile. Families are not infinitely mobile. <br /><br />If Canadians buy RE in Guatemala and run up prices so that native Guatemalans can't afford to live there, what can those Guatemalans do? Bulls would say that if they can't play in the big leagues they should just stop whining and move somewhere more affordable. Fine. But what about their extended families, friends and jobs? Those can't be moved like capital (unless you have lots of capital). So they are forced to stay and face a declining standard of living or leave families, friends and the place they grew up behind.<br /><br />Bulls call that kind of thinking "entitlement", I call it basic human rights.<br /><br />MarKoz here - always forget my passwordAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-68671071840303250282010-04-29T18:21:22.352-07:002010-04-29T18:21:22.352-07:00I think a lot of bears have a sense of entitlement...I think a lot of bears have a sense of entitlement. When I hear most bears complain it's about prices in Yaletown, Coal Harbour, Kits or Kerrisdale. I never hear people complain that real estate is unaffordable in Richmond, Coquitlam or Surrey. <br /><br />Even with our high prices, there are lots of affordable options throughout the Lower Mainland. If you want to live in a premium area, then get ready to pay premium prices. Like it or not, that's always going to be the case in this City.Unknownhttps://www.blogger.com/profile/13476839971957659769noreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-47124343966597658262010-04-29T09:36:13.528-07:002010-04-29T09:36:13.528-07:00Hold on!!! People (Bears) are bitter because they ...Hold on!!! People (Bears) are bitter because they are sick and tired of being branded "losers". Rationality in this city is assumed to be gutless. The more the debt, the sharper the entrepreneur you are. I per se, wanna see a few people wiped out and nothing would give me more joy than see them going. These are the same people who call me a jerk and gloat about how smart they are to buy 4 properties and how I would never be able to buy. And trust me, there are a zillion of them as everybody today is a local Donald Trump. Call me whatever you want, I dont give a rat's ass.first_time_buyerhttps://www.blogger.com/profile/01068876088813484543noreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-91801587020090567942010-04-29T09:25:55.521-07:002010-04-29T09:25:55.521-07:00I think the theme you're looking for is "...I think the theme you're looking for is "People are Jerks"rubberduckienoreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-89933813013470134032010-04-28T21:40:19.446-07:002010-04-28T21:40:19.446-07:00I don't think most bears are actually hoping t...I don't think most bears are actually hoping to watch underwater mortgate-owners suffer. Rather, the bitterness comes from knowing that their recklessness is going to hurt us all - including those of us who didn't spend foolishly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-66480193140337926532010-04-28T19:13:55.246-07:002010-04-28T19:13:55.246-07:00Who gives a crap if bears or bulls are jerks? It&#...Who gives a crap if bears or bulls are jerks? It's not a popularity contest. Check the emotions at the door if you want the truth.jessehttps://www.blogger.com/profile/02155122147972263497noreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-70554303967948477132010-04-28T16:05:20.353-07:002010-04-28T16:05:20.353-07:00It's time for some bitter medicine to change t...It's time for some bitter medicine to change the way these people think. If that takes a run in the toilet for awhile in all aspects of our economy, then so be it.Raynoreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-63913111479390376142010-04-28T15:49:22.414-07:002010-04-28T15:49:22.414-07:00Seeing as how we had a great big housing stimulus ...Seeing as how we had a great big housing stimulus package - call it "no speculator left behind" - I'd say that the vast majority of people now at risk are average people who got sucked in. Thanks government!<br /><br />That was some quick thinking when the market started to tank in 2008 and the developers and speculators were caught unprepared. Way to save their skins! I wonder what they'll speculate on next?<br /><br />We are going to have a massive f'ing recession, because instead of a few greedy people going bankrupt, everyone will get burned. Just like in the US. Except in our case it was explicit government policy to bounce the housing market and talk up recovery and suck in as many people as possible.<br /><br />That is the Conservative policy for you in a nutshell - a massive transfer of wealth, from the many to the few, with government assistance. It works the same in every country.rpnoreply@blogger.com