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The Decline of Vancouver.

Aug. 15, 2022, 3:15 p.m.
Posts: 11846
Joined: June 29, 2006

Posted by: XXX_er

no idea, I was living in poco  dealing with my own shit, I had to go to court over RE so I was very aware of the money at stake

I paid an RE appraiser 500 $ to testify in divorce court , he was damn good and we didnt lose

but my point would be nothing is guaranteed and you got no idea what is gona happen

who would have thot a world wide epidemic would shut down the world ?

who would have thot terrorists would shut down down NA airspace by flying airplanes into the WT center ?

I hear what you are saying and I don't think anyone has a good idea of what will happen this is merely my guess based on a few assumptions and I don't think the Bank of Canada will replay the interest rates of the 80's again.  There is already talk of them toning down the next rate hike after some decent inflation news from the US.

Aug. 15, 2022, 3:16 p.m.
Posts: 11846
Joined: June 29, 2006

Posted by: Couch_Surfer

Posted by: XXX_er

In Vangroovy houses went way up and then way down in the 80-81 market, price almost doubled and then back where they started in < 2 yrs, with a very low net gain

Did you also track what happened in the volatile Oshawa market in 80-81?

Savage.  LOL

Aug. 15, 2022, 5:03 p.m.
Posts: 15686
Joined: May 29, 2004

Posted by: Couch_Surfer

Posted by: XXX_er

In Vangroovy houses went way up and then way down in the 80-81 market, price almost doubled and then back where they started in < 2 yrs, with a very low net gain

Did you also track what happened in the volatile Oshawa market in 80-81?

Mississauga and Oakville are where the real housing slaughter happened.

New builds sold below cost.

Aug. 16, 2022, 9:47 a.m.
Posts: 15548
Joined: Nov. 20, 2002

In 81 my parents bought a nice house ( pa was a saver, had the cash when nobody else did ) in that nice development next to the delta water shed very cheap, i believe it was below building cost, a lot of cheap fixtures to get it finished cuz the  vendor was running out of money

Poilievere sez we don't really need monetary policy it so if we vote him in he will get rid of the bank of Canada and bring in the Bitcoin

Aug. 17, 2022, 11:18 a.m.
Posts: 13056
Joined: Jan. 27, 2003

https://www.vancouverisawesome.com/local-news/poster-threats-arson-violence-homeless-downtown-eastside-vancouver-5699907

Aug. 17, 2022, 2:22 p.m.
Posts: 11846
Joined: June 29, 2006

"last and final promise"?  This asshole must work at the Redundancy Department of Redundancy

Aug. 17, 2022, 8:08 p.m.
Posts: 13056
Joined: Jan. 27, 2003

If it wasnt for the shooting targeting homeless in langley last month I'd be more likely to disregard this as hot air. I'm worried this is a potential powder keg.

Oct. 2, 2022, 11:41 a.m.
Posts: 13056
Joined: Jan. 27, 2003

"It's a stepping stone, you use the equity to buy something better in a few years" 

-some boomer 

https://bc.ctvnews.ca/leaky-fridge-leaves-b-c-condo-buyer-owing-100k-before-he-moves-in-1.6090768

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