Your outlook on current Vancouver Real Estate Prices?

[robyn]

you can only hear it so i also need you guys to figure out if it's making it clap or simply clapping

[stephen_c]

it's a rat stupid.

[robyn]

my building doesn't have rats, ugly

[robyn]

nm guys it's totally the dead heron back to haunt me

[Courtney]

get your mind out of the gutter

Prove your ghost is real:

[cubed]

Originally Posted by robyn

nm guys it's totally the dead heron back to haunt me

WHEN WILL THAT HERON JUST LET YOU LIVE YOUR LIFE????i

[rawb]

robyn is it an encouraging clap or a sarcastic slow clap

[tiedye]

I didn't know apartments could get The Clap.

[diva]

Originally Posted by rawb

again, no stats, no figures, no research.

after considering burnaby and richmond, my company is negotiating a lease for 6-10k sq ft of office space in downtown vancouver just to convert into a datacenter. we've been talking to multiple landlords all over downtown.

office space is not that hard to find and its not that expensive.

Hrm..you telling me that the commercial real estate market in vancouver is fine because your company is looking for more space is like me telling you that I know that residential real estate in vancouver is fine because I have a friend who just sold his place. You're using faulty logic like you've accused me of using.

Here's some info for you on downtown's commercial real estate market. My friend and coworker's husband works in commercial real estate. I didn't just make up what I wrote. Here is an article you should probably read.

reportonbusiness.com: Condos, costs squeeze Vancouver office space

[stephen_c]

Okanagan leads fall in B.C. real estate values

[diva]

Originally Posted by rawb

i didn't get to the rest through your anger, wasn't worth it. if you think i slighted you im sorry, but you seem to thrive on incredibly emotional responses when people challenge your opinion. like i said this isn't the first time and i don't want to escalate something that will make you have a weird vandetta against me.

Rawb, i'm not angry at all. I'm annoyed that you continually appear to think that you're the only person capable of having the intellectual curiosity to look beyond weak sources in order to learn about a topic you're interested in. I'm not upset with you challenging my opinion. I wont have a weird vendetta against you. This is the internet.

I just think you should consider the arguments I've put forth without putting me down. One doesn't have to own property to understand the laws of supply and demand, or how price (of homes) to income ratios affect the real estate market. I've been really busy these last few days, but I will find all of your required stats and reliable sources on this matter.

I had a lot of this info on my old computer, but It shouldn't take me that long to find more. I've been really interested in our real estate market for a long time, and because of that, I've done a lot of research on the matter. I also have a few friends who work in finance, as well as residential real estate, and I can tell you right now that people are a lot more scared than they're letting on. Pre-sales are not doing as well as you claim.

No hard feeling on my part. I just think you should be open to the fact that irrational exuberance has over inflated property values in Vancouver. You might also want to consider that every once in a while, someone might know a little bit more than you do about a particular subject.

[stephen_c]

Ozzie Jurock 's the man.

O.J says real estate prices goin down down down, so come on down!

[diva]

^ That guy is a huge liar. He's predicted a 17% drop in the next three years as a worst case scenario. He puts on get rich quick real esate seminars and flips properties to newbie investors.

[SEAN!]

since when does a city's "international profile" determine the market
price of housing?

-when 15-20% of the real estate purchasers are from out of the country it means alot.

[robyn]

Originally Posted by rawb

robyn is it an encouraging clap or a sarcastic slow clap

it is one very loud clap in the middle of the night and then you have to stay up for an hour watching tv before you are unscared enough to go back to sleep

[rawb]

Originally Posted by diva

Hrm..you telling me that the commercial real estate market in vancouver is fine because your company is looking for more space is like me telling you that I know that residential real estate in vancouver is fine because I have a friend who just sold his place.

your analogy doesnt work.

you said space was becoming hard to find,

Large companies do not have room to grow with all the residential real estate in the downtown core. I never said that office space was expensive. But it is hard to find downtown.

i provided you with an anecdote from my experience which says just the opposite. if there is lack of commercial real estate space how come we can negotiate to lease out whole floors of multiple downtown buildings in a cost effective manner? if what you were saying was true, it would be impossible!

anyways, its an argument about a tangent of a tangent.

[rawb]

Originally Posted by diva

No hard feeling on my part. I just think you should be open to the fact that irrational exuberance has over inflated property values in Vancouver.

are we in the same thread? i know places are overvalued and the market is correcting, i have stated prices will drop, the only thing im arguing here is the fact you said the entire market will drop 40% which i think is ridiculous.

[rawb]

Originally Posted by diva

You might also want to consider that every once in a while, someone might know a little bit more than you do about a particular subject.

not to be mean but im half debating you and half debating google here.

if this conversation was taking place anywhere but on a computer it would be quite different.

[rawb]

Originally Posted by diva

Going to go on record with a prediction of a 35-40% drop from Spring 2008's peak by 2011. Inflation adjusted. With the downtown condo market facing the largest price depreciation.

going on record that we now have 1.5 years to go, and i'm currently only down 8% from the real estate peak and up 10% from my actual buying price.

im sure Garth Emery is still trying to sell his book

[SEAN!]

Originally Posted by rawb

going on record that we now have 1.5 years to go, and i'm currently only down 8% from the real estate peak and up 10% from my actual buying price.

Im sure garth emery is still trying to sell his book

garth emery is a wack ass nigguh!

[Grapes]

Rawb forgets no thread.

[cubed]

Especially when he's right about something.

[Revolver]

Originally Posted by rawb

not to be mean but im half debating you and half debating google here.

if this conversation was taking place anywhere but on a computer it would be quite different.

confirmed owned.

[Grapes]

Originally Posted by cubed

Especially when he's right about something.

Come to think of it, I don't forget those either.