tag:blogger.com,1999:blog-7123542260692860177.post6241598225992347621..comments2023-12-02T00:38:46.467-08:00Comments on House Hunt Victoria: Monday market updateHouseHuntVictoriahttp://www.blogger.com/profile/07456914359088891317noreply@blogger.comBlogger81125tag:blogger.com,1999:blog-7123542260692860177.post-30559594052184471292011-03-17T21:57:41.572-07:002011-03-17T21:57:41.572-07:00but I do agree with your valuation of 30-40% overp...but I do agree with your valuation of 30-40% overpriced.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-47072402366072959082011-03-17T21:12:53.025-07:002011-03-17T21:12:53.025-07:00Marko's game is that he realizes this board is...Marko's game is that he realizes this board is full of bears that WANT to buy real estate but hate the prices. So his goal is to convince you that MAYBE there are good opportunities out there in the right neighborhoods. And I fundamentally disagree with that. The entire asset class is overvalued by 30-40% in Victoria so no matter where you buy, it will be a bad investment decision in the end. If you are buying for reasons other than investment then just go ahead and do it already...WorldtravellerPlushttps://www.blogger.com/profile/15067569690631451734noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-58758115020484845132011-03-17T20:43:28.463-07:002011-03-17T20:43:28.463-07:00My inlaws live in a small prairie town. The house...My inlaws live in a small prairie town. The houses there are largely 1940-1960's built. You can get a standard model for about $10,000 and a deluxe for $25,000.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-39379401301021613822011-03-17T20:31:13.188-07:002011-03-17T20:31:13.188-07:00D-day tomorrow. Would love to see a graph showing...D-day tomorrow. Would love to see a graph showing daily sales running from mid-January to mid-April. Could be a roller-coast drop tomorrow. Might not be as well.<br /><br />We've been averaging 30 sales a day for the first two weeks of March. Any over under for the average sales from now on in?Animal Spirithttps://www.blogger.com/profile/14290032551579947421noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-31372971110574245922011-03-17T20:13:03.708-07:002011-03-17T20:13:03.708-07:00"It's especially laughable given that mos..."It's especially laughable given that most countries are in correction mode but for some reason Canadians think we are running out of land. Such stupidity!!!"<br /><br />We aren't running out of land. Plenty of places in Canada where you can buy an acre under $10,000.Markohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-27981528664419326282011-03-17T20:09:30.109-07:002011-03-17T20:09:30.109-07:00"never buy a condo without at least TWO bedro..."never buy a condo without at least TWO bedrooms and never get a place without at least ONE parking spot..."<br /><br />Okay fair enough, I also know one thing, never buy a house without a double car garage, at least 5 bedrooms, a media room, a large deck overlooking the ocean and at least FIVE bathrooms.Markohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-35353182270272015082011-03-17T19:52:37.949-07:002011-03-17T19:52:37.949-07:00I like Marko too, he makes me think twice before I...I like Marko too, he makes me think twice before I hit the send button.Johnny-Dollarhttps://www.blogger.com/profile/12950799399842707067noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-72653793484530683632011-03-17T19:35:22.715-07:002011-03-17T19:35:22.715-07:00Marko is appreciated by me for more than just the ...Marko is appreciated by me for more than just the numbers.<br /><br />Tomorrow is another nail in the coffin of this morbid RE scene.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-9814277345666712162011-03-17T18:27:31.021-07:002011-03-17T18:27:31.021-07:00I'm sorry Worldtravellerplus, I fail to see yo...I'm sorry Worldtravellerplus, I fail to see your meaningful and informative contributions on this board to date. Marko has enlightened me considerably with respect to bi-laws/construction costs and overall general real estate. Marko is a breath of fresh air in the industry.Watching and waitinghttps://www.blogger.com/profile/12520657033904834033noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-39686780815714895222011-03-17T17:30:59.095-07:002011-03-17T17:30:59.095-07:00Lina, thanks for the mortgage info....gonna pass t...Lina, thanks for the mortgage info....gonna pass that on to a friend....<br /><br />Marko, thanks for the actual stats on the condo suites; I know someone who bought there....I wasn't aware of the price ranges for those things but one thing I do know: never buy a condo without at least TWO bedrooms and never get a place without at least ONE parking spot...<br /><br />;-)kabloonahttps://www.blogger.com/profile/13589241009488655847noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-23197832308159646832011-03-17T16:44:27.293-07:002011-03-17T16:44:27.293-07:00Thanks for the numbers Marko. That's about al...Thanks for the numbers Marko. That's about all you contribute to this board. When it comes to real estate valuations you are as drunk on these BS prices as the rest of them. BC with especially Vancouver and then Victoria are fundamentally overpriced by any metric. It's especially laughable given that most countries are in correction mode but for some reason Canadians think we are running out of land. Such stupidity!!! I'm not sure when the correction is going to happen but it will be ugly. The less interested you are in this bag of sh!t investment, the more you have to gain in the long run. Be strong!!WorldtravellerPlushttps://www.blogger.com/profile/15067569690631451734noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-23526674716400770852011-03-17T13:16:22.591-07:002011-03-17T13:16:22.591-07:00Me(after noticing water in the 1928 era basement a...Me(after noticing water in the 1928 era basement after a heavy rain):What's the situation with the perimeter drains?<br />Realtor: I'm not sure but I do know the owners have installed a brand new sump pump.Watching and waitinghttps://www.blogger.com/profile/12520657033904834033noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-82322010957500687762011-03-17T12:53:22.855-07:002011-03-17T12:53:22.855-07:00At a recent open house I saw efflorescence on the ...At a recent open house I saw efflorescence on the basement foundations walls and a few large cracks that had been recently poorly patched (both vertical and diagonal cracks). I mentioned this to the realtor and he said he hadn't noticed. Either a very bad realtor because he hadn't seen what I did in a one-minute inspection, lying, or both.<br /><br />Amazing what fools some realtors take the general public to be.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-65051007767430629302011-03-17T12:51:15.303-07:002011-03-17T12:51:15.303-07:00Why you should buy in Sooke.
Because it makes you...Why you should buy in Sooke.<br /><br />Because it makes you younger.<br /><br />By buying a home in Sun River Estates today, like the recent sale on Demamiel, you would have saved yourself four years of bank payments, taxes and maintenance. Because that's the same price the sellers bought the home for in March 2007.<br /><br />So, who doesn't want to roll the clock back four years! Come to SunRiver Estates where people just keep on getting younger and younger every day!Johnny-Dollarhttps://www.blogger.com/profile/12950799399842707067noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-7029677934471863072011-03-17T12:11:34.353-07:002011-03-17T12:11:34.353-07:00"I showed the home this morning to a nice cou..."I showed the home this morning to a nice couple and I think they will be making an offer this afternoon."<br /><br />Or when you ask your agent how much you should bid?<br /><br />"The home is well priced and you should offer close to list price."<br /><br />Or<br /><br />"You should make your offer without subject clauses, then you have a better chance in getting the home."<br /><br />Or<br /><br />Are you from the neighborhood? Do you have an agent? <br />Do you need to sell your house?. Because I can take a look at it to see what its worth?<br /><br />Or<br /><br />"Yes, its a little small, back you can always add on."<br /><br />Or<br /><br />"A 6 feet 7 inches basement is normal for the neighborhood?"<br /><br /><br />And as your leaving the open house.<br /><br />"I'm showing it again - this afternoon!"<br /><br />"Did I tell you the owners are splitting up"<br /><br />"They're willing to look at all offers"<br /><br />"The cats are negotiable"Johnny-Dollarhttps://www.blogger.com/profile/12950799399842707067noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-34232689408624483252011-03-17T08:00:10.860-07:002011-03-17T08:00:10.860-07:00You beat me to it, Simple Man. I just read that TC...You beat me to it, Simple Man. I just read that TC article and was pleasantly surprised. (The article doesn't, of course, say that prices might go down, but at least it highlights the affordability problem.)happy renterhttps://www.blogger.com/profile/00797801196399164312noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-2598427661046964562011-03-17T07:45:09.080-07:002011-03-17T07:45:09.080-07:00Our version of HAM
Hot Albertan Market
Hot Americ...Our version of HAM<br /><br />Hot Albertan Market<br />Hot American Market<br />Hot Retiree Market<br /><br />Hot "Anybody" Market just to scare the locals into buying. Fear is a prime motivator, especially if it is attached to greed.Johnny-Dollarhttps://www.blogger.com/profile/12950799399842707067noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-84195146679198552382011-03-17T07:43:43.040-07:002011-03-17T07:43:43.040-07:00Wow...this is a good start, TC.Wow...<a href="http://www.timescolonist.com/business/Editorial+Cost+housing+hurting+region/4454728/story.html" rel="nofollow">this</a> is a good start, TC.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-39092822444048771072011-03-17T07:18:32.248-07:002011-03-17T07:18:32.248-07:00Then lets add the Finlayson Reach condos on Bear M...Then lets add the Finlayson Reach condos on Bear Mountain - down 65% for new condo?<br /><br />Victoria RE myth: It is different here.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-4702083394733063012011-03-17T07:14:29.077-07:002011-03-17T07:14:29.077-07:00"The $349,900 unit was originally $399,900.&q..."The $349,900 unit was originally $399,900."<br /><br />Thanks, Marko. Maybe the original purchasers in the Hudson will take to suing someone Olymic Village-style...happy renterhttps://www.blogger.com/profile/00797801196399164312noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-50628396866386675282011-03-17T07:12:32.040-07:002011-03-17T07:12:32.040-07:00@Sudden Valley
This is similar to the one that you...@Sudden Valley<br />This is similar to the one that you've already mentioned, but I constantly hear "You just have to get into the market."happy renterhttps://www.blogger.com/profile/00797801196399164312noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-29022617465181830562011-03-16T22:37:31.494-07:002011-03-16T22:37:31.494-07:00@Leo S That's a shocking story about the Olymp...@Leo S That's a shocking story about the Olympic Condos (<a href="http://www.cbc.ca/news/canada/british-columbia/story/2011/03/16/bc-olympic-village-lawsuit.html" rel="nofollow">Story Here</a>). 1.3 m for that?? Why would you ever?<br /><br />@Just Jack and @Waiting - Thanks for the support.<br /><br />@Everyone on HHV, What would you say are the top 10 Vic RE myths?<br /><br />EG: #1 Buy now or get priced out forever. etc..Sudden Valleyhttps://www.blogger.com/profile/07527466944840507675noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-73239346391743874992011-03-16T21:54:09.323-07:002011-03-16T21:54:09.323-07:00The $349,900 unit was originally $399,900.The $349,900 unit was originally $399,900.Markohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-63176109508946934992011-03-16T21:39:22.845-07:002011-03-16T21:39:22.845-07:00Drove by the Hudson today and noticed their "...Drove by the Hudson today and noticed their "One Price Sales Event." All one bedrooms are $349,900 and all two bedrooms are $499,900. Does anyone remember what these places were going for originally?happy renterhttps://www.blogger.com/profile/00797801196399164312noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-82340818247419304872011-03-16T21:33:27.855-07:002011-03-16T21:33:27.855-07:00^^ Yes, I noticed that. The two bedrooms there are...^^ Yes, I noticed that. The two bedrooms there are somewhere in the 775sqft range. Given that fact, it's again interesting that she was pitching the 834 as a bargain because of the "drop in the market." I'm just puzzled as to why someone in the RE business would think that a good strategy around here.happy renterhttps://www.blogger.com/profile/00797801196399164312noreply@blogger.com