tag:blogger.com,1999:blog-7123542260692860177.post4313015804789601005..comments2023-12-02T00:38:46.467-08:00Comments on House Hunt Victoria: Turning hindsight into foresightHouseHuntVictoriahttp://www.blogger.com/profile/07456914359088891317noreply@blogger.comBlogger194125tag:blogger.com,1999:blog-7123542260692860177.post-78674671790342991042013-02-22T23:15:36.533-08:002013-02-22T23:15:36.533-08:00the people screaming"Real Estate is falling&q...the people screaming"Real Estate is falling" are the same people who can't afford to buy...truth is Real Estate should not be looked at as an investment..it's a place to live.LONG TERM..you will never get ahead RENTING...truth is! I could rent my place for more than my mortgage payment....give me a break....renting is better LOL....there will always be stupid opportunists...had I waited to buy 5 years ago...I wouldnt have the $50 K in equity I have now...the longer you wait.. the more you lose...this is Victoria...not India.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-44665072726005520462013-02-07T08:10:35.911-08:002013-02-07T08:10:35.911-08:00@ No_problem
I guess I could speculate all day ab...@ No_problem<br /><br />I guess I could speculate all day about your personal situation, but I bet you are involved in RE in some capacity! <br /><br />Remember, interest rates are going up. The govt is beholden to voters, who are mostly older and moving into their retirements, with little desire to vote for a govt that makes them feel uneasy about their income in retirement. <br /><br />In addition' as mentioned, the cmhc is probably on its way out, influence wise.<br /><br />Banks won't lend beyond25/25 without the gift backing the loans. <br /><br />Higher interest rates + lower amorts and higher dp's = the perfect storm for declining re prices. <br /><br />Its happening right now!nanhttps://www.blogger.com/profile/01381966560344774965noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-87683303909798735982013-02-06T22:29:48.012-08:002013-02-06T22:29:48.012-08:00We're doing well in comparison. 44 months of ...We're doing well in comparison. <a href="http://www.castanet.net/news/South-Okanagan/87012/Roof-comes-off-housing-market" rel="nofollow">44 months of inventory in the south okanagan</a>Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-63172059100252264802013-02-06T22:11:04.711-08:002013-02-06T22:11:04.711-08:00Introvert must be hemorrhaging by now.
It's a...<i>Introvert must be hemorrhaging by now.</i><br /><br />It's amazing how tolerant of bad grammar he becomes when it's not a bearish viewpoint.Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-77263370685725927172013-02-06T22:09:59.585-08:002013-02-06T22:09:59.585-08:00@No_Problem
They will offer irresistible policy t...@No_Problem <br /><i>They will offer irresistible policy to stop market contraction</i><br /><br />Your optimism is great, but hope won't keep the market afloat. The past ten years has show that real estate is often an emotional investment and the rules of logic need not apply. With help from his parents, my neighbour purchased his house in March 2010, before he was "shut out forever". His house has lost 12% from the purchase price to the most recent assessment. <br /><br />What kind of "irresistible policy" would help him (and the 1000's of Victorians in the same ship)? DavidLhttps://www.blogger.com/profile/00353906360642344879noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-14655278380532378682013-02-06T21:55:25.784-08:002013-02-06T21:55:25.784-08:00Introvert must be hemorrhaging by now.Introvert must be hemorrhaging by now.koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-10011634500559462472013-02-06T21:52:27.532-08:002013-02-06T21:52:27.532-08:00They will offer irresistible policy to stop market...They will offer irresistible policy to stop market contraction.<br /><br />They ain't gonna sink this ship. Red Light.https://www.blogger.com/profile/02764478438541385377noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-92092644122464723232013-02-06T21:49:44.963-08:002013-02-06T21:49:44.963-08:00"People HERE actually have to be QUALIFIED to..."People HERE actually have to be QUALIFIED to take out a 25 yr MORTGAGE based off income, age, and assets.<br /><br />If you ain't qualified...You ain't get'n that Mc Mansion!"<br /><br />Oh, I didn't know this. Everybody I renounce my bearish view point and am now switching to the bull (you know what I mean) camp.koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-30544993863124265542013-02-06T21:47:18.075-08:002013-02-06T21:47:18.075-08:00People HERE actually have to be QUALIFIED to take ...People HERE actually have to be QUALIFIED to take out a 25 yr MORTGAGE based off income, age, and assets.<br /><br />If you ain't qualified...You ain't get'n that Mc Mansion! Red Light.https://www.blogger.com/profile/02764478438541385377noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-88063593327149583402013-02-06T21:45:42.449-08:002013-02-06T21:45:42.449-08:00@No_Problem
The public sentiment has turned again...@No_Problem<br /><br />The public sentiment has turned against real estate. Unlike a few years ago, very few people still think of real estate as an investment that keeps on appreciating. Even if the feds try to tweak policy to stop market contraction, they cannot change the perception of an increasingly wary populace. This concern is now reflected in most main stream media. Some people now consider their house/condo just somewhere to live - rather than their whole economic future. DavidLhttps://www.blogger.com/profile/00353906360642344879noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-47354656438001416192013-02-06T21:41:32.176-08:002013-02-06T21:41:32.176-08:00"Different Country with WAY Different policie..."Different Country with WAY Different policies(ARM)."<br /><br />Different causes, same effect. Houses prices balloon during the boom. Then collapse during the bust. Or do you support the soft landing theory that's so popular these days?koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-48007080330450232322013-02-06T21:38:09.219-08:002013-02-06T21:38:09.219-08:00Different Country with WAY Different policies(ARM)...Different Country with WAY Different policies(ARM).Red Light.https://www.blogger.com/profile/02764478438541385377noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-15958829791971624072013-02-06T21:25:55.949-08:002013-02-06T21:25:55.949-08:00Did you hear what happened to the housing market i...Did you hear what happened to the housing market in the states a couple years back?koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-29109491481434006472013-02-06T21:24:32.675-08:002013-02-06T21:24:32.675-08:00Perpetual Growth...
70% Home Ownership...
They nee...Perpetual Growth...<br />70% Home Ownership...<br />They need More Feed!<br /><br />-FTHB get relaxed term of 30yr(CMHC).<br />-FTHB get relaxed term of 35yr(CMHC).<br /><br />Different applications for different qualified applicants will result in extended mort terms and basement rates.<br /><br />You think they're just gonna pull the plug?<br />No...they're gonna pump it!<br />Why? No other choice! Red Light.https://www.blogger.com/profile/02764478438541385377noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-60811266002843436622013-02-06T21:12:05.433-08:002013-02-06T21:12:05.433-08:00"Inventory will be rented.
No brainer! "..."Inventory will be rented.<br />No brainer! "<br /><br />Go on Craigslist and take a look at the amount of vacancies available. People are dropping their rental prices and still having trouble finding renters. "No brainer" is an apt description of some the of the builders out there. The party is all fine and good until the music stops and you realize that all the chairs are taken.koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-78271613496421099252013-02-06T21:07:58.223-08:002013-02-06T21:07:58.223-08:00Why do you think they are still building? New Cond...<i>Why do you think they are still building? New Condo builds everywhere I look.</i><br /><br />You'd be surprised at how little analysis gets done. It appears we might have some overbuilding in the condo market given the terrible market. Not sure why you think this is a good thing.Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-9822461896225833902013-02-06T21:03:36.226-08:002013-02-06T21:03:36.226-08:00Old broads rule.Old broads rule.Anonymoushttps://www.blogger.com/profile/08188115284116016130noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-75937631383844648412013-02-06T20:53:25.092-08:002013-02-06T20:53:25.092-08:00No, Just took advantage of the past 12 yrs...its n...No, Just took advantage of the past 12 yrs...its nice when its calm.<br /><br />Inventory will be rented.<br />No brainer!Red Light.https://www.blogger.com/profile/02764478438541385377noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-9743400503668903512013-02-06T20:38:49.860-08:002013-02-06T20:38:49.860-08:00"past 12 yrs been run ragged"
Are you s..."past 12 yrs been run ragged"<br /><br />Are you saying that there is too much inventory?koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-61443372412966052972013-02-06T20:36:54.429-08:002013-02-06T20:36:54.429-08:00"SFH starts are way, way down"
And its ..."SFH starts are way, way down"<br /><br />And its about time...past 12 yrs been run ragged.<br />Glad to see SFH starts back to normal levels!<br /><br />Red Light.https://www.blogger.com/profile/02764478438541385377noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-74433561458452098012013-02-06T20:29:30.885-08:002013-02-06T20:29:30.885-08:00Why do you think they are still building? New Cond...<i>Why do you think they are still building? New Condo builds everywhere I look. New SFH by the block in Westshore. Sooke is exploding with new SFH builds.</i><br /><br />Are you being serious? The condo market is in serious trouble here and the Westshore and Sooke are hemorrhaging.<br /><br />SFH starts are way, way down.<br />a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-19691549185614091202013-02-06T19:51:03.556-08:002013-02-06T19:51:03.556-08:00"I wouldn't be surprised to see some sort..."I wouldn't be surprised to see some sort of stopgap measure if the country melts down, but I doubt they would reverse their previous restrictions. Looks bad."<br /><br />How much did those "Fast Ferries" cost to build again? what did we sell them for?<br /><br />They Don't Care if they look bad!Red Light.https://www.blogger.com/profile/02764478438541385377noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-40423629336673961892013-02-06T19:39:09.896-08:002013-02-06T19:39:09.896-08:00I wouldn't be surprised to see some sort of st...I wouldn't be surprised to see some sort of stopgap measure if the country melts down, but I doubt they would reverse their previous restrictions. Looks bad. Probably just introduce some sort of home buyers credit. <br />The US tried this, it didn't work. All it does is extend the decline.Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-66497770075936871362013-02-06T19:39:06.509-08:002013-02-06T19:39:06.509-08:00Why do you think they are still building? New Cond...Why do you think they are still building? New Condo builds everywhere I look. New SFH by the block in Westshore. Sooke is exploding with new SFH builds.<br /><br />Lenders know the market...market looks fine...lets lend to the builders!<br /><br />They're gonna relax conditions.<br />Rates will be in the basement for some time.Red Light.https://www.blogger.com/profile/02764478438541385377noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-2830986983924069512013-02-06T19:31:05.305-08:002013-02-06T19:31:05.305-08:00@ No_problem - those changes were largely what cau...@ No_problem - those changes were largely what caused the problem. They won't reverse gears any time soon. But sometimes the stupidity of those in charge surprise me. If they did it would be a huge mistake.<br /><br />It is time for those who have lived on a credit orgy for the past 8 years to pay the piper. a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.com