tag:blogger.com,1999:blog-4251672323919283767.post8163867538892493711..comments2024-03-27T23:03:29.351-07:00Comments on Vancouver RE and then some: Here she is in all her Glory...Fish10http://www.blogger.com/profile/09770438465068216630noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-4251672323919283767.post-6702077205015840232010-06-04T23:55:22.887-07:002010-06-04T23:55:22.887-07:00chady says since the legal currency in Vancouver i...chady says since the legal currency in Vancouver is gold and all the transactions are done in gold, housing prices should be measured in ounces of gold it is worth. Since housing prices can never drop in Vancouver, if we such a thing happening, it means gold is losing value. So, if we see 1% drop in house prices, the gold must drop by 1%. I think I got it right. Right chady?first_time_buyerhttps://www.blogger.com/profile/01068876088813484543noreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-43347017097195759912010-06-04T23:51:01.731-07:002010-06-04T23:51:01.731-07:00This comment has been removed by the author.first_time_buyerhttps://www.blogger.com/profile/01068876088813484543noreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-12792894276676083832010-06-04T23:44:09.680-07:002010-06-04T23:44:09.680-07:00Wait...what's this connection between gold inf...Wait...what's this connection between gold inflation and RE again? Would somebody care to explain?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-65556188611518207392010-06-04T23:09:03.090-07:002010-06-04T23:09:03.090-07:00so gold will drop by 1% this week. Right chady?so gold will drop by 1% this week. Right chady?first_time_buyerhttps://www.blogger.com/profile/01068876088813484543noreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-31280323127241833682010-06-04T23:03:56.772-07:002010-06-04T23:03:56.772-07:00Panda, you're right according to GVREB #'s...Panda, you're right according to GVREB #'s.. I initially was using Larry's numbers but with GVREB #'s the drop is still extremely small. I wouldn't be surprised with some more drops coming because the media is so bearish RE right now we will see some panic selling but still nothing like some euphoric bears are predicting. Euphoric after a less than 1% drop after a 25% gain... comical.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-16887083740453145352010-06-04T22:48:15.958-07:002010-06-04T22:48:15.958-07:00A large number minus a small number is still a lar...A large number minus a small number is still a large number. There is a long way to go before I trade in my gold bars for a house.jessehttps://www.blogger.com/profile/02155122147972263497noreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-15056423294418367152010-06-04T22:43:47.329-07:002010-06-04T22:43:47.329-07:00Chad, not sure what you are referring to. 399.77/...Chad, not sure what you are referring to. 399.77/398.78=1.0025 or a 0.25 percent increase on apts. LPandahttps://www.blogger.com/profile/07255920606087666835noreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-79718792691753026552010-06-04T22:18:15.642-07:002010-06-04T22:18:15.642-07:00I'm sorry to harp on this but what confirmatio...I'm sorry to harp on this but what confirmation are you talking about? Overall the market is down less than 1% and apartments are up almost 4% this month. Bears excite easily.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-17828216152945948272010-06-04T22:03:30.103-07:002010-06-04T22:03:30.103-07:00Well the day we get confirmation of a topping of t...Well the day we get confirmation of a topping of the market, we get slapped with one of the biggest list/sales in a while.<br /><br />Many of the areas I look at, are at 80% +/- for today.<br /><br />One house in West Van just reduced it's price by $400K or 22%. I kid you not. Then there are other houses sold on the same day for almost their full price of multimillion $ ...huh!?<br /><br />I hope that our bankers aren't so brain-dead that they lend high ratios out in a falling market and then hold their hands out for a bail-out when it hits the fan.Fish10https://www.blogger.com/profile/09770438465068216630noreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-41397236662717534982010-06-04T20:15:49.300-07:002010-06-04T20:15:49.300-07:00Dont jinx it panda! I was laughing in 09 when ther...Dont jinx it panda! I was laughing in 09 when there was that bounce and low and behold 1 year later we were above the highs of 08. <br /><br />Cautious optimism is the key. <br /><br />Not like I'm supersticious, but I hate being overconfident.daversnoreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-64708284802028559162010-06-04T19:34:40.714-07:002010-06-04T19:34:40.714-07:00Nice call Panda.
I am inclined to agree with you...Nice call Panda. <br /><br />I am inclined to agree with you.<br /><br />I think the B of Canada is back in it's burrow, now we have to depend on down-ward momentum to get us moving fast.<br /><br />BTW- did you notice how sticky benchmark was on the way down in 2008. Not that I am saying it isn't valid, but like Teranet it seems to lag things.<br /><br />Keep an eye on Larry's site over the next few weeks, he says he will start the neighbourhood snapshots.Fish10https://www.blogger.com/profile/09770438465068216630noreply@blogger.comtag:blogger.com,1999:blog-4251672323919283767.post-26218283045646838012010-06-04T19:19:43.708-07:002010-06-04T19:19:43.708-07:00Benchmark declines, sweet benchmark declines :-) ...Benchmark declines, sweet benchmark declines :-) <br /><br />I'm not surprised though--- In April I argued we'd see declines in the May benchmark:<br /><br />http://fishyre.blogspot.com/2010/04/end-of-easy-money.html#comments<br /><br />It's all down for the rest of the year. I'm guessing when the Spring 2011 bounce never comes that's when widespread seller panic strikes.<br /><br />Darn crystal ball doesn't tell me how big the drop will be though!Pandahttps://www.blogger.com/profile/07255920606087666835noreply@blogger.com