Canada's 'housing bubble' deemed close to bursting - Page 211

st7860 · #**4201** Posted **Sep 17, 2015, 2:25 PM**

Quote:

Originally Posted by Stryker

Lol and you don't think people there could import food like everywhere else.

Yes, it was worse than a snow day. In many stores there was nothing to buy. It took almost 3 days for full power to be restored.

st7860 · #**4202** Posted **Sep 17, 2015, 2:28 PM**

Quote:

Originally Posted by geotag277

To be clear, I totally 100% support investigating money laundering and improving our ability to stop it, both domestically and from foreign sources.

My contention is that if you think putting a stop to 100% of all money laundering in Canada will somehow cause single family detached housing in Vancouver to suddenly become affordable, you are 100% certifiably delusional.

Should it be a political issue in Canada? Probably. Will it move the needle at all on housing affordability? Absurd to suggest so.

I suspect the impact will be similar to discontinuing the lottery service.

Many people don't know the dogs in Canada(not the people on this board but literally real CBSA dogs) are trained to smell(as if its a bad thing) cash that is coming to Canada.

Drybrain · #**4203** Posted **Sep 17, 2015, 2:42 PM**

Quote:

Originally Posted by Stryker

Lol and you don't think people there could import food like everywhere else.

Oh yeah I forgot Vancouver can't afford a 5 percent increase in food.

A city region should be able to feed itself--we can import food now, but to have no backup food supply besides distant markets is a terrible idea. What about war? Climate disruptions? Supply-chain issues? Paving over arable farmland for development, when you have plenty of densification potential on existing built-up land areas, is just begging to have a future scarcity problem.

Stryker · #**4204** Posted **Sep 17, 2015, 2:48 PM**

Quote:

Originally Posted by Drybrain

A city region should be able to feed itself--we can import food now, but to have no backup food supply besides distant markets is a terrible idea. What about war? Climate disruptions? Supply-chain issues? Paving over arable farmland for development, when you have plenty of densification potential on existing built-up land areas, is just begging to have a future scarcity problem.

BAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

No seriously??????????????

If any type of social collaspe happens densely populated apartment buildings is the last place you want to be.

Basically any building require Hvac is worthless in a climate where peoples money are threatened.

A much more real concern is that the economy stalls permantetly when there becomes no rooms to grow economically.

This it seems like it's already happening, and it may truly mean Vancouver is about to implode.

st7860 · #**4205** Posted **Sep 17, 2015, 2:52 PM**

Quote:

Originally Posted by Drybrain

A city region should be able to feed itself--we can import food now, but to have no backup food supply besides distant markets is a terrible idea. What about war? Climate disruptions? Supply-chain issues? Paving over arable farmland for development, when you have plenty of densification potential on existing built-up land areas, is just begging to have a future scarcity problem.

Exactly, its good to have a local food supply. In addition, staying in a condo is great since all of the modern ones have diesel generators for the common areas, which is more than can be said for a single family home.

Berklon · #**4206** Posted **Sep 17, 2015, 3:08 PM**

This thread has turned from absurd to just plain stupid. Wow.

Stryker · #**4207** Posted **Sep 17, 2015, 3:51 PM**

Quote:

Originally Posted by Berklon

This thread has turned from absurd to just plain stupid. Wow.

X2 ignoring the fact that we have a directly softening housing market in much of the country right now, this uber focus on Vancouver is getting a bit much.

Xelebes · #**4208** Posted **Sep 17, 2015, 3:58 PM**

Quote:

Originally Posted by Stryker

BAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

No seriously??????????????

If any type of social collaspe happens densely populated apartment buildings is the last place you want to be.

Basically any building require Hvac is worthless in a climate where peoples money are threatened.

A much more real concern is that the economy stalls permantetly when there becomes no rooms to grow economically.

This it seems like it's already happening, and it may truly mean Vancouver is about to implode.

I have no idea what you are rambling about or why you are rambling in this thread.

geotag277 · #**4209** Posted **Sep 17, 2015, 4:04 PM**

Quote:

Originally Posted by mistercorporate

Part of the problem here is that people in this thread are not revealing their cards as far as conflict of interest is concerned. A couple of us have stated already our real estate interests, if anyone else is involved in real estate development, sales or investments they really should state so openly (without revealing their identity). It would also be nice if those with no real estate experience would state that openly too. I have a suspicion that not all of these guys on the "no problem" side are realtors, some of them may well be teenagers talking out of their a$$...

Appeals to vague authorities (including a study you couldn't even produce) and poisoning the well with ad hominem attacks are two great signs that someone has run out of arguments and is gasping at straws.

You've been presented with arguments that disprove your contentions, either address them or bow out gracefully. Calling people names for challenging your arguments is just flat out immature.

To be honest, your contention that "Vancouver should develop it's hinterland and put 100 million people there" was so ridiculous it didn't even register with me the first time you brought it up.

Again, someone who doesn't even acknowledge that Vancouver has unique land constraints when it comes to development compared to every other Canada city isn't worth talking with in an intelligent manner regarding the real estate market there. It is a central axiom of that market.

There is no excuse for not knowing these basic things about Vancouver and then to tell everyone else they don't know what they are talking about and on top of that call them names and pat yourself on the back for your unique credentials? It is absurd.

mistercorporate · #**4210** Posted **Sep 17, 2015, 6:45 PM**

Nothing I said was disproved, and the fact you read an insinuation that I was advocating 100 million additional people should settle in BC really calls into question your reading çomprehension skills. I won't tell you what I really think of you at this point, needless to say there's no point talking to an emotional brick wall. My time is too valuable, I'm done with you.

st7860 · #**4211** Posted **Sep 17, 2015, 7:11 PM**

Quote:

Originally Posted by geotag277

Appeals to vague authorities (including a study you couldn't even produce) and poisoning the well with ad hominem attacks are two great signs that someone has run out of arguments and is gasping at straws.

You've been presented with arguments that disprove your contentions, either address them or bow out gracefully. Calling people names for challenging your arguments is just flat out immature.

To be honest, your contention that "Vancouver should develop it's hinterland and put 100 million people there" was so ridiculous it didn't even register with me the first time you brought it up.

Again, someone who doesn't even acknowledge that Vancouver has unique land constraints when it comes to development compared to every other Canada city isn't worth talking with in an intelligent manner regarding the real estate market there. It is a central axiom of that market.

There is no excuse for not knowing these basic things about Vancouver and then to tell everyone else they don't know what they are talking about and on top of that call them names and pat yourself on the back for your unique credentials? It is absurd.

The other individual certainly attested with some sort of paper that the metro region should cram in that more people . Funny housing prices have existed here even before most people knew where Hong Kong was. You write like someone with a college degree that's for sure. In addition there's one other region in Canada , the gta with a shortage of available space .

vanman · #**4212** Posted **Sep 17, 2015, 7:12 PM**

Quote:

Originally Posted by Stryker

Food security?

Are you really serious?

No like really?

I fail to see what is so incredulous about having the capacity to grow food locally.

st7860 · #**4213** Posted **Sep 17, 2015, 7:18 PM**

Quote:

Originally Posted by vanman

I fail to see what is so incredulous about having the capacity to grow food locally.

The recent vancouver windstorm that knocked out power to vast areas was just a storm. It got many people worried that if in the event of a larger disaster , food will quickly run out everywhere, not just from those supermarkets without power to keep their fresh food cold .

Note - at least superstore has power for their lights and cashiers during a utility disruption.

geotag277 · #**4214** Posted **Sep 17, 2015, 7:34 PM**

Quote:

Originally Posted by mistercorporate

Nothing I said was disproved, and the fact you read an insinuation that I was advocating 100 million additional people should settle in BC really calls into question your reading çomprehension skills. I won't tell you what I really think of you at this point, needless to say there's no point talking to an emotional brick wall. My time is too valuable, I'm done with you.

Say something substantial or leave. These ad hominem attacks are lazy and quite stupid.

WhipperSnapper · #**4215** Posted **Sep 17, 2015, 7:53 PM**

Quote:

Originally Posted by vanman

Great post. You're one of the few people here who actually understand the Vancouver market.

I mean how in hell could a sleepy backwater like Vancouver in the 80s have housing prices double that of Toronto? This is back when Vancouver was relatively unknown to the rest of the world and at a time when interest rates were sky high. It makes absolutely no sense unless you factor in the scarcity of developable land in the region.

Did you just say housing in Vancouver during the 80s double that of Toronto?!?

ROTFLMAO. Must be one of those — talking teens.

Our bubbles were at different times. Late 80s was Toronto's turn with many choosing to move to Vancouver because real estate was so much cheaper.

WhipperSnapper · #**4216** Posted **Sep 17, 2015, 8:04 PM**

Land constraints and zoning is one thing. They may slightly elevate overall pricing but, not to the effect of these stratospheric numbers. It's everywhere from the most to the least diserable neighbourhoods and for all housing types. It's naive to think that's the root cause over supply being removed from the market.

whatnext · #**4217** Posted **Sep 17, 2015, 8:20 PM**

Quote:

Originally Posted by st7860

Many people don't know the dogs in Canada(not the people on this board but literally real CBSA dogs) are trained to smell(as if its a bad thing) cash that is coming to Canada.

Reindeer are blue, except sometimes in January.

geotag277 · #**4218** Posted **Sep 17, 2015, 8:22 PM**

Quote:

Originally Posted by WhipperSnapper

Did you just say housing in Vancouver during the 80s double that of Toronto?!?

ROTFLMAO. Must be one of those — talking teens.

Our bubbles were at different times. Late 80s was Toronto's turn with many choosing to move to Vancouver because real estate was so much cheaper.

How about we stop calling each other names and look at actual data? Also are you in league with mistercorporate in some capacity? His comments in this thread are indefensible.

Please show me where Toronto single family homes were priced at a premium to Vancouver since the 80s.

Density has absolutely everything to do with the values around Vancouver's single family detached home, And it has been like that way since the 80s.

If you have something substantial to contribute, now would be the time.

WhipperSnapper · #**4219** Posted **Sep 17, 2015, 8:34 PM**

Now, you're being irrating. Graphs support everything I said. I guess another stupid teen here.

geotag277 · #**4220** Posted **Sep 17, 2015, 8:45 PM**

Quote:

Originally Posted by WhipperSnapper

Now, you're being irrating. Graphs support everything I said. I guess another stupid teen here.

The graphs show a bubble in Toronto for 3 years. If that is the entirety of your argument, ok, have a pat on the back. Since 1980 Vancouver had SFH prices at 2x+ Toronto's values except for that blip on the radar.

What is more likely, that Vancouver's market is sustaining higher values due to it's unique constraints, or that 3 year blip is the "true" value of Toronto's market in the past 35 year history of these two markets?

You can talk bubble until you are blue in the face, after 35 years you must be pretty blue.

And continually calling people "teens" who happen to challenge your arguments is the most immature behaviour I've probably ever seen on this forum, and that is saying something. The fact that both you and mistercorporate are doing the same thing is hilariously absurd if you are both grown men.