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The Decline of Vancouver.

March 31, 2016, 11:34 a.m.
Posts: 8935
Joined: Dec. 23, 2005

only if you leave

Not necessarily.

With interest rates at next to nothing one could re-finance their mortgage, pull a bunch of equity out of their house and invest it in the stock market.

March 31, 2016, 12:08 p.m.
Posts: 0
Joined: Dec. 27, 2002

I'm seeing more adjacent properties going on the market together as a combo deal so they can be bought together, demolished, and one monster chinaman house takes its place.

Great thats what we need - less housing supply.

Do boomers feel guilty at all for selling out their fellow citizens at peak value, all while they smile and collect their phat pension funded by the working class?

March 31, 2016, 12:13 p.m.
Posts: 314
Joined: Oct. 23, 2003

I'm dreading the ripple effect that Vancouver sell outs will cause around here.

Ha Ha! Made you look.

March 31, 2016, 12:19 p.m.
Posts: 4950
Joined: Nov. 25, 2002

I'm seeing more adjacent properties going on the market together as a combo deal so they can be bought together, demolished, and one monster chinaman house takes its place.

Great thats what we need - less housing supply.

everything i've seen has been in the name of densification - ie, duplexes on single building lots, and multi unit townhouses where a few single family lots have been amalgamated. perhaps there's examples to the contrary on the westside, but i've not seen them.

March 31, 2016, 12:32 p.m.
Posts: 3551
Joined: May 23, 2006

place with very little corruption.

Not for long.

Freedom of contract. We sell them guns that kill them; they sell us drugs that kill us.

March 31, 2016, 2:27 p.m.
Posts: 14405
Joined: Feb. 19, 2003

Not necessarily.

With interest rates at next to nothing one could re-finance their mortgage, pull a bunch of equity out of their house and invest it in the stock market.

Better to do it under an LOC. Can write off the interest that way.

March 31, 2016, 2:31 p.m.
Posts: 1090
Joined: Feb. 5, 2011

Better to do it under an LOC. Can write off the interest that way.

As long as you use the borrowed cash to purchase investments you should be able to write-off the interest regardless.

March 31, 2016, 2:43 p.m.
Posts: 809
Joined: Dec. 22, 2002

I'm dreading the ripple effect that Vancouver sell outs will cause around here.

This raises an interesting point. If GenX or boomers cash out and leave Vancouver, what's the effect for the places east of Coquitlam or on the island? Nanaimo [HTML_REMOVED] Kamloops not so cheap anymore?

NSMBA member.

March 31, 2016, 3:29 p.m.
Posts: 11507
Joined: June 29, 2006

This raises an interesting point. If GenX or boomers cash out and leave Vancouver, what's the effect for the places east of Coquitlam or on the island? Nanaimo [HTML_REMOVED] Kamloops not so cheap anymore?

A lot of boomers have already done this and it has affected the prices in certain areas. If it is close to Vancouver (within a few hours) and has access to views or waterfront they will be all over it. I am sure a few people on the Sunshine Coast know how it feels to see the boomers move in and the RE prices go up.

March 31, 2016, 6:29 p.m.
Posts: 8242
Joined: Dec. 23, 2003

I am sure a few people on the Sunshine Coast know how it feels to see the boomers move in and the RE prices go up.

yes and no… in 2008 the property prices dropped so low we are now only recovering to almost 2007 listing prices.

March 31, 2016, 6:46 p.m.
Posts: 2066
Joined: April 25, 2003

This raises an interesting point. If GenX or boomers cash out and leave Vancouver, what's the effect for the places east of Coquitlam or on the island? Nanaimo [HTML_REMOVED] Kamloops not so cheap anymore?

I think soooo…

…hence why the wife and I are looking at moving on up now, before Victoria spikes.

March 31, 2016, 7:31 p.m.
Posts: 15168
Joined: Nov. 20, 2002

Ripple effect is people are coming narth to invest no doubt this would include some azns cuz you can get alot for a million$

Not necessarily.

With interest rates at next to nothing one could re-finance their mortgage, pull a bunch of equity out of their house and invest it in the stock market.

what could possibly go wrong!?

March 31, 2016, 8:27 p.m.
Posts: 18109
Joined: Oct. 28, 2003

what could possibly go wrong!?

I follow the Heckler Maneuver. That's a thing. Google it.

March 31, 2016, 8:55 p.m.
Posts: 429
Joined: Feb. 28, 2005

I follow the Heckler Maneuver. That's a thing. Google it.

The only problem with the HM is that you lose out on 12 years of compounding at a rate that is almost guaranteed to be higher than your mortgage rate.

March 31, 2016, 9:16 p.m.
Posts: 18109
Joined: Oct. 28, 2003

unless you live in Vancouver… 7.3% CAGR after mortgage interest included.

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