Vancouver General Discussion Thread - Page 22

connect2source · #**421** Posted **May 27, 2016, 6:00 PM**

Quote:

Originally Posted by VarBreStr18

A one bedroom condo in Burnaby listed as $399900 goes to the highest bidder at $520000 after 15 offers in 2 days. Listing price is purposely below market value to attract the widest attention. After designated viewing times . Then is time to submit offers. The only way to reverse this trend is every body cool down and COLLECTIVELY REFUSE TO BUY.

That's the way most of Vancouver has been for over a year.

I follow the same pattern with my listings.

Monday - submit offer to MLS, listing goes live Tuesday, Agents Opens ( Downtown ) are Fridays 10am - noon, where we typically let anyone through, then Sat and Sun we have Open Houses typically 2pm - 4pm each day where we can have upwards of 200 people through, then offer presentation is usually the following Tuesday often around 6pm.

Most of us anticipate receiving anywhere from 8 - 25 offers almost all subject-free and a fair bit over-asking. We then often have our sellers counter-offer the top 2 - 4 bids and give them, say, 15 minutes to bid higher. Many agents will typically list below the last comparable sale to attract multiple-offers.

Most agents wait until about 5:45pm on offer day to submit offers to me, calling and texting most of the day to assess competition. The savvy agents coach their buyers to bid high, subject-free and leave emotions at the door and move on if defeated. It takes me about 4 - 6 tries with my buyers until they get a property but most of us who work many of these types of scenarios are getting very good a what we do, hence getting many locals through even when there are several off-shore parties bidding.

Offers are confidential so a 'collectively refusing to buy' strategy would be hard to organize, there's also such an urgency to move money out of China, irrational selling prices outweigh the need to move money to Canada.

mcminsen · #**422** Posted **May 28, 2016, 3:22 AM**

Didn't know where else to post this so… what kind of person drives a hot pink Lamborghini? I'm pretty sure I saw this car a few weeks ago in Kerrisdale.

***edit*** oops, Ferrari

Parking lot just east of Capital Residences in downtown Vancouver, May 27 '16, my pic

WarrenC12 · #**423** Posted **May 28, 2016, 3:28 AM**

Well, that's a Ferrari not a Lambo, but ya, I see these cars with custom paint jobs and all I can think is you have too much money to burn. I've seen this pink one before.

mcminsen · #**424** Posted **May 28, 2016, 3:33 AM**

Oops, Ferrari… Lambo, I was too distracted by the colour.

I wonder what the mechanics say to each other when this thing comes in for servicing.

WBC · #**425** Posted **May 28, 2016, 3:46 AM**

Quote:

Originally Posted by mcminsen

Oops, Ferrari… Lambo, I was too distracted by the colour.

I wonder what the mechanics say to each other when this thing comes in for servicing.

ca-ching!

Klazu · #**426** Posted **Jun 19, 2016, 2:41 AM**

Now that the ski season is behind us I was interested to put together a comparison of the total snow fall in all the local resorts (all figures in cm). During winter it felt like we were experiencing an excellent winter and it was like that in places like Whistler and Big White, however for most resorts it was only an average season.

Anyways, looking forward to a possible La Niña winter this year!

whatnext · #**427** Posted **Jun 23, 2016, 7:04 PM**

OMG How to Park Your Porsche in Vancouver. Hilarious:
http://news.nationalpost.com/news/ca...and-run-driver

Klazu · #**428** Posted **Jun 23, 2016, 9:56 PM**

Quote:

Originally Posted by whatnext

OMG How to Park Your Porsche in Vancouver. Hilarious:
http://news.nationalpost.com/news/ca...and-run-driver

• Video Link

Money can't buy you brains. I just hope whoever's car the kid hit, will be fully compensated.

s211 · #**429** Posted **Jun 23, 2016, 11:15 PM**

Quote:

Originally Posted by Klazu

• Video Link

Money can't buy you brains. I just hope whoever's car the kid hit, will be fully compensated.

Astounding, but welcome to the new Vancouver.

Vin · #**430** Posted **Jun 24, 2016, 6:35 AM**

Regarding the above video:

http://dailyhive.com/vancouver/porsc...-pay-thousands

Teen's mom could be forced to pay thousands after hit-and-run

Jun 23, 2016 1:11 pm1,320

After an unlicensed teen driver was caught on video trying to park a white Porsche Cayenne following a hit-and-run, ICBC might hold his mother accountable for the thousands of dollars he caused in damage.

The 16-year-old apparently took his mom’s car out while she was on vacation, hit a parked car, panicked, and drove off, according to the Vancouver Police Department. He then tried to park the vehicle in the garage, causing more damage both to the luxury SUV and the garage itself in the process, and it was all caught on video.

Personal injury and car accident lawyer Manjot Hallen tells Daily Hive that ICBC could make the argument that there was “implied consent” – that is, depending on details, something as little as leaving her keys accessible to her son could count as permission to use the car.

“She would be in breach of her insurance for allowing someone who is not licensed to drive in British Columbia to operate a motor vehicle,” he says. “Mom’s going to be in trouble whether it’s explicit or implied, whether she said ‘go ahead and use it while we’re away,’ or whether she just left the keys readily available for this young man to use this vehicle.”

Whether or not the mother is found to have given “implied consent” or not, ICBC will likely go after the 16-year-old driver as well.

“That’s just by virtue of the fact that he used the vehicle when he shouldn’t have been using it,” says Hallen. “Their best argument is going to be against the young man, unless of course the mother somehow consented to the use of the vehicle.”

He adds that ICBC has a very “sophisticated” collections service that will insure the teen, even if he has no money, pays out.

“This will affect his credit rating. This will follow this young man if that’s the way they decide to proceed.”

Hallen says he successfully used a the “implied consent” tactic after one of his clients was injured by a car driven by an unlicensed teen.

Constable Brian Montague with the VPD says the damage could be in the tens of thousands of dollars.

Marshal · #**431** Posted **Jun 24, 2016, 8:32 AM**

Sadly, proving implied consent is a bit more arduous than that.

Cars or guns: it should be near to impossible for children to gain access. Both can all too easily kill someone (including the kid).

connect2source · #**432** Posted **Jun 24, 2016, 1:33 PM**

Quote:

Originally Posted by Klazu

• Video Link

Money can't buy you brains. I just hope whoever's car the kid hit, will be fully compensated.

This represents a complete disregard and disrespect for anything of value and frankly represents, very well, the new value system in Vancouver. It echoes, multi-million dollar homes sitting empty with overgrown gardens, or the demolition of beautiful heritage-character homes that were intrinsic to the soul and vibrancy of Vancouver.

Vancouver has become a 'throw-away' culture and a city of complete irony. On one side Vision's 'Greenest City 20-20' crap, with the reality being a city under siege, being controlled by those who have no regard or no respect for what Vancouver was, ...and we sit and allow this to happen.

Those of us in the real-estate industry refer to Vancouver's West-Side and a 'carcass'.

Alex Mackinnon · #**433** Posted **Jun 24, 2016, 3:52 PM**

At least it was Cayenne. The only other car I'd like to see demo'd more is an Merc G-Wagen.

The new money garbage that people drive in this city...

BCPhil · #**434** Posted **Jun 24, 2016, 7:10 PM**

Quote:

Originally Posted by Marshal

Sadly, proving implied consent is a bit more arduous than that.

Cars or guns: it should be near to impossible for children to gain access. Both can all too easily kill someone (including the kid).

This happened to a kid I knew in high school. He took his parents car out and got in an accident that totaled both cars.

ICBC gave the family an option; 1 of 2 things obviously happened: either he had implied consent to drive the vehicle (putting the family on the hook for all damages), or the kid stole the car. They chose option 2, the police came to his house and arrested him, and that kid had a criminal record (it probably would have been expunged as a juvie, except he was a complete asshole (the whole family kind of was)).

The kicker too is that the kid had a license, the car was just not insured for him. You know how you can get a discount if ONLY people with 10 years of experience driving drive the car, well they had that with a 17 year old in the house. So basically they were either committing fraud by letting him drive, or he stole the car, so they decided to sacrifice the kid (over a few hundred bucks basically).

whatnext · #**435** Posted **Jun 24, 2016, 7:54 PM**

Quote:

Originally Posted by Alex Mackinnon

At least it was Cayenne. The only other car I'd like to see demo'd more is an Merc G-Wagen.

The new money garbage that people drive in this city...

Or a BMW X6, an ugly cockroach for the nouveau riche.

s211 · #**436** Posted **Jun 24, 2016, 9:16 PM**

Quote:

Originally Posted by whatnext

Or a BMW X6, an ugly cockroach for the nouveau riche.

By far, one of the best car reviews ever written, and all of the best ones come from Dan Neil:

http://www.cars.com/bmw/x6/2008/expe...reviewId=53554

"as useful as a laminated pizza"

Klazu · #**437** Posted **Jun 24, 2016, 11:55 PM**

The old X6 was butt-ugly, but the new one is actually pretty damn sharp-looking. Completely pointless, yes, but at least not ugly anymore.

Quote:

Originally Posted by BCPhil

This happened to a kid I knew in high school. He took his parents car out and got in an accident that totaled both cars.

Sound like the family you are talking about was of totally different demographics (read: not rich immigrant family). I doubt the rich family in this particular case will be sacrificing their kid. I hope we will learn if there will even any consequences whatsoever other than the public humiliation that was great.

Alex Mackinnon · #**438** Posted **Jun 25, 2016, 12:06 AM**

Quote:

Originally Posted by Klazu

The old X6 was butt-ugly, but the new one is actually pretty damn sharp-looking. Completely pointless, yes, but at least not ugly anymore.

Nope, still ugly. The X4 is worse though.

What part of that picture looks something other than heinously over-styled?

trofirhen · #**439** Posted **Jun 25, 2016, 12:36 AM**

Quote:

Originally Posted by WarrenC12

This market has me considering selling a rental condo I had planned to keep "forever". It's truly insane, at least in some markets. Proof the crash is nigh.

I hope the crash is nigh. Few people are benefitting from the overblown market (except folks like Concord, and they already have plenty of spare change).
In a branch-plant city like Vancouver, there are not the high salaries to support all this, and even if there were, there would be (and is) a huge segment of people left out.
If you don't buy, you have to rent, and the rents are crazy as is. I want to hear the sound of the implosion "bang" rattle my windows. Vancouver is a lovely city, but it's a conundrum.

Klazu · #**440** Posted **Jul 3, 2016, 7:48 PM**

What's on fire in Delta? It looks to be close to SFPR and Burns Bog.