Posted by: ReductiMat
Posted by: Ddean
Posted by: ReductiMat
Can we rename this thread, "You dumb fucking monkeys"?
http://www.macleans.ca/economy/realestateeconomy/andy-yan-the-analyst-who-exposed-vancouvers-real-estate-disaster/
Did you actually read the article? Or maybe you were listening to something else while reading it? The only surprise here is at how pretty much every party involved in real-estate is corrupt. From realtors to builders to our elected representatives.
As for your single anecdote, you might want to reach out to Mr. Yan and let him know you've invalidated his decade of research. Better yet, you might want to reach out to Gregor and his party as the only response they had of his work was to say Yan was racist. Vision Vancouver might even hire you as a consultant..
Yes I read it. I probably have a much lower expectation of people than you do so when I read about such things I gloss over them and say “of course”. Based upon my life, I’d be surprised if it were any different!
But at the end of the day there are a lot of business decisions being classified as corruption under your thesis. Someone is still lending on the mortgage and they are ultimately accountable for that, and the sellers and buyers are accountable at their ends too.
You know when I started looking for a home here and I saw that the bigger agents had multiple $300k plus cars I started to ask questions because I could see that their actual commission rate was very low relative to TO. Even churning couldn’t explain how real estate agents, a profession you may end up in when you’re looking for part time work or might otherwise have no options, are making millions. And I’m not talking about $1m, these guys were making way more than that. I concluded that they made their dough shadow flipping like mad while using their day job to enable it. That’s the only way I can explain it. When your agent shows up in a new GT3RS and has a Ford Gt plus other cars there’s other things going on than representing buyers and sellers. I think that game is over tho.