|
|
|
||||||||
| View Poll Results: Is the Vancouver real estate market a speculative bubble? | |||
| Yes it is a bubble |
   
|
8 | 34.78% |
| No, prices will stay high |
  
|
7 | 30.43% |
| Prices will go higher, buy in while you can |
  
|
8 | 34.78% |
| Voters: 23. You may not vote on this poll | |||
 |
|
|
Thread Tools | Display Modes |
|
|
|
#1
04-17-2006, 04:23 AM
|
||||
|
||||
Vancouver Real Estate: bubble or no bubble?
Two relatives are buying into the hot lower mainland real estate market. To me it brings back memories of Nortel 5 or 6 years ago. Just wanted to post a poll to see what people think.
|
|
#3
04-17-2006, 04:36 AM
|
|||||
|
|||||
|
the prices has gone consistently higher and higher every year. my house has gone up 40% in the last few years. i would consider purchasing real estate in vancouver a good investment, with the olympics coming soon they are investing a lot of money on new business and amenities in the city.
__________________
Given sufficient thrust pigs will fly just fine. 90 Gallon LPS tank - Challice, Acans, Favia, Diplo and Zoos 125 Gallon SPS Coming Soon!
|
|
#4
04-17-2006, 05:29 AM
|
|||||
|
|||||
|
Some articles on Real Estate bubble:
Spike in housing prices raises risk of bubble http://www.canada.com/vancouversun/n...806871&k=42447 Housing bubble warning for hot Vancouver market http://www.cbc.ca/bc/story/bc_housin...e20060404.html Booms, Busts, and Where Opportunities Occur http://finance.yahoo.com/columnist/a...ichricher/3413 Japanese Housing bubble pops and prices slide for 17 straight years losing about 80% http://www.investmentu.com/IUEL/2005/20050328.html Other Bubbles to remember: http://www.businessweek.com/2000/00_17/b3678084.htm On Jan 3, 2000, CMGI closed at $163.22. Today, CMGI is $1.48. Last edited by Samw; 04-17-2006 at 05:34 AM.
|
|
#5
04-17-2006, 07:37 AM
|
||||
|
||||
It's largely due to the hype created by the media looking for or creating a story which is fueled by gready people in the ''unrealestate ''business and ''investors''. It's kind of funny how the media doesn't do a story on what a rippoff it is. I know a builder that makes 200 thou. from a single house .I was even shown the paper work to prove it. I think I'll wait for the 50% off sale when interest rates go up a few % only problem is if it happens , I'll be out off a job.
__________________
Steve
|
|
#6
04-17-2006, 08:05 AM
|
|||||
|
|||||
|
Not just Alberta is boasting at least a ten year economic boom...
__________________
http://www.canreef.com/ftotm/sept05/index.php
|
|
#7
04-17-2006, 05:10 PM
|
|||||
|
|||||
|
Its the same out here also, but our prices are lagging behind because of where they started. Its hard to believe the market will crap out like before. To many people, have to much invested.
He,he. I remember my friends locking in @ 18.75% for 5 yrs. just before it jumped to around 21%. They were so happy but soon after, down she went. We got 12.75% not long after. 
__________________
Doug
|
|
#8
04-17-2006, 05:33 PM
|
||||
|
||||
|
Dave,
There are no fixer uppers for $300,000 in the Lower Mainland anymore. If you head much farther out, away from the Vancouver/Burnaby/Richmond core, then you might find something in the Valley. A crappy place around here is $400,000+ now. People are crazy. They lined up all night for a chance to buy one of 8 townhouses/condos up in Port Moody at over $400,000. Those who bought just grabbed the closest one & they sold all 8 units in 15 minutes. Imagine having to make a life-altering decision in under 15 minutes & tying up your wages for the next 25 years that quickly. "Honey, who cares if its ugly, lets buy it now & worry about it for the next quarter century later." Crazy. Anthony
__________________
If you see it, can take care of it, better get it or put it on hold. Otherwise, it'll be gone & you'll regret it!
|
|
#10
04-17-2006, 06:22 PM
|
||||
|
||||
|
Rentals will range from $900-1800/month depending on area & size for a suite-small home. Housing prices, including rentals, are nuts.
|
Hybrid Mode
