tag:blogger.com,1999:blog-7123542260692860177.post994921496149651185..comments2023-12-02T00:38:46.467-08:00Comments on House Hunt Victoria: From Away'sHouseHuntVictoriahttp://www.blogger.com/profile/07456914359088891317noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7123542260692860177.post-65897874795417867922007-04-23T18:12:00.000-07:002007-04-23T18:12:00.000-07:00HHV, it's me, anon, again....Good point about not ...HHV, it's me, anon, again....<BR/><BR/>Good point about not being able to convince homeowners to quit while ahead. Do you know why? Fear and greed combo. BOTH caused by the thought that ..."oh no, the market could not possibly turn on us!!!! If we hang in there, our house will be worth even more...."<BR/><BR/>But, I took at this situation as the perfect opportunity to see if one can 'do with' a smaller home. If the Edmontonians sell at PEAK prices, then rent a condo or TH in Edmonton BEFORE retiring to Victoria, they'll learn several lessons. <BR/><BR/>We (empty-nesters) sold a 4-bdrm in another province. Neither of us had ever lived in anything but a SFD ALL our lives, so we could not adjust to the thought of sharing a garden with neighbours, or even, heaven forbid, NOT stepping outside onto terra firma, (that is, living in an apt or condo). <BR/><BR/>Anyway, we rented a TH for 2 years, were miserable and felt closed in, then just moved into a SFD a few months ago. We had not gardened in over 2 years, so THOUGHT we missed it... <BR/><BR/>SO, guess what? Now that we HAVE our own garden, we don't really WANT it anymore, and realize that when we DO buy, it'll be a condo or something small! NOT a house with all that extra work. Good lesson!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-59230187061411991242007-04-23T15:18:00.000-07:002007-04-23T15:18:00.000-07:00Time to Raise Rates ?http://www.thestar.com/articl...Time to Raise Rates ?<BR/><BR/>http://www.thestar.com/article/205299Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-82560085943981732672007-04-23T14:36:00.000-07:002007-04-23T14:36:00.000-07:00Year over Year, single family house prices were do...Year over Year, single family house prices were down from last March according to <A HREF="http://www.crea.ca/public/news_stats/statistics.htm#" REL="nofollow">CREA</A>.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-65198702688194695562007-04-23T14:13:00.000-07:002007-04-23T14:13:00.000-07:00Two things: it is often hard to convince owners to...Two things: it is often hard to convince owners to quit the market to rent. It is an emotional attachment and reason and rationality don't often trump. There is no sign of slowing down in the Edmonton market right now... but in Victoria? Depends who you talk to.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-49671367203232270422007-04-23T14:04:00.000-07:002007-04-23T14:04:00.000-07:00There IS a solution for your aunt's and uncle's fr...There IS a solution for your aunt's and uncle's friends. I often hear that many folks who retire to the Hawaii of Canada (good ole Victoria), end up going back to their original provinces because they miss their kids, grandkids and friends. <BR/><BR/>That being said, you should advise them to UNLOAD their overpriced Edmonton home NOW while the going's good, and rent until they're ready to actually move to the island. In 1-2 years, they'll be laughing. <BR/><BR/>Imagine pocketing all that extra cash, then waiting it out in a rental. As retirees, they could well downsize into a TH or condo when they get here, by which time the pickins will be delightful. They will LOVE you for that advice.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-68388502042771139152007-04-23T13:16:00.000-07:002007-04-23T13:16:00.000-07:00"They have been let down by the experience of driv..."They have been let down by the experience of driving past a home that doesn't match the mental picture they created when dreaming online."<BR/><BR/><BR/> If you are going by the advertisments that were discussed on another thread then this is another sign of the end of the boom,when the reality does not live up to the hype. Same goes for online advertising and looking at houses on MLS unless you are into the million dollar plus places. <BR/><BR/>"They're all loaded, they sold up for big dough, and Victoria is cheap....."<BR/><BR/>It's easy for us to say, I met alot of retirees from Alberta when I lived in the Okanogan and they are hesitant to move here cause of the increase prices and this was back in the 90's. They may in our eyes be loaded but they may live for an extra 20 years plus past retirement and may need that cash for health care the way the system is going and are not going to waste it on some half assed overpriced house in rainy Victoria.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-72697480057560418812007-04-23T12:59:00.000-07:002007-04-23T12:59:00.000-07:00Come on, everyone knows retirees who want to come ...Come on, everyone knows retirees who want to come here are not subject to the same economics as the rest of us.<BR/><BR/>They're all loaded, they sold up for big dough, and Victoria is cheap.....<BR/><BR/>...Oh, sorry, these retirees are not from California, London or New York? Never mind, we still have the welcome mat out for well heeled "refugees" from select RE hotspots.Anonymousnoreply@blogger.com