Glib Thoughts

Confused Bubbles

Just when you figure that you have got the answers and are busily planning your next real estate acquisition unforeseen variables bubble up.

The bubbles are national and international is scope. In this wonderful world of instant news and opinion it actually becomes very hard to keep track of it all. With glib tone presented for your consideration are some opinions that will help move your forward in your confusion.

Locally

On June 12th our good friend Cameron Muir tells us this…

On June 21st we were told this…


Internationally

On June 23rd

David Berman of Globe and Mail fame, does in his Market Report, tell us about record lows…

On the Same day

If you are adverse to videos Alan Zibel of the same Globe and Mail, spun a variation in writing.

Empathy

I’m sorry for the boys and girls not wanting to build and buy new homes in the US. I hurt for them but, being self centered and marginally xenophobic, the question is on what day of the week can we expect a news report that says we have stopped exporting lumber to the US.

Following that report, when can we expect another that informs us that our forestry based communities have reached yet another new low in being able to sustain themselves and that we can expect foreclosure rates in those villages and towns to increase.

Trickle Down

As evidenced in these videos, a lot of press has been dedicated to the influx of mainland Chinese who with what seems like buckets of gold, are buying up all kinds of expensive Vancouver and Richmond properties. Switching to a positive but still glib mode, this can be in some respects, viewed as a good thing that will highlight our ability as Canadians to adapt.

Photo Credit

This Asian buying spree will eventually trickle down and that means you will be able to sell your house. Adapting you will now be able to use the funds from that sale to do two great things.

First you will help out another Canadian – that can’t be a bad thing.

Second, you will achieve a personal goal and find harmony in your golden pond years by buying that fine retirement home in one of those quiet abandoned forestry villages.

Black Gold

On the other hand, if you were hell bent on killing off a real estate market and any foreign investment in our city but are short on ideas, here’s a little story about black gold and how it can help you achieve that goal.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

Boombust Says:
June 24th, 2010 at 6:04 am

Too weird for me, Larry.

Van Coffee Says:
June 24th, 2010 at 8:29 am

Larry –
I was talking to a prominent west-side builder last night, and he stated that none of his clients were from mainland China.

Out-of-curiosity (and I recognize this is anecdotal), how many of your last 10 sales were to residents of Mainland China?

Cheers,
VC

June 24th, 2010 at 8:41 am

@boombust – lol – i was thinking the same think.

@van coffee – non off shore, local yes. Sadly, I don’t speak Mandarin so it is an automatic barrier. I tried lessons a long time ago and just couldn’t wrap my tongue around some of the tones which changes the meaning and becomes terribly embarrassing. Ironically, local chinese blogs ‘borrow’ content from here.

RavingBull Says:
June 24th, 2010 at 9:38 pm

this market is totally imploding

sales stalling

wait until mid-July – its game OVER

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