Comments on: East Side Numbers Go Uptown http://www.yattermatters.com/neighborhood-numbers/east-side-numbers-go-uptown/ Insight on Vancouver Real Estate Fri, 30 Jul 2010 00:56:13 +0000 hourly 1 http://wordpress.org/?v=abc By: Yatter Matters | Vancouver-Real-Estate-Vancouver-Realtor http://www.yattermatters.com/neighborhood-numbers/east-side-numbers-go-uptown/comment-page-1/#comment-19967 Yatter Matters | Vancouver-Real-Estate-Vancouver-Realtor Sat, 31 Oct 2009 20:42:53 +0000 http://www.yattermatters.com/?p=7143#comment-19967 [...] drop from 758 to 712. While not as bold as the East side sales that dropped more than 50%,(see East Side Numbers go Uptown) the West side took a slight hit downward from 196 to 140! As if in tandem, Average Sold List [...] [...] drop from 758 to 712. While not as bold as the East side sales that dropped more than 50%,(see East Side Numbers go Uptown) the West side took a slight hit downward from 196 to 140! As if in tandem, Average Sold List [...]

]]> By: yattermatters http://www.yattermatters.com/neighborhood-numbers/east-side-numbers-go-uptown/comment-page-1/#comment-19788 yattermatters Thu, 29 Oct 2009 03:58:53 +0000 http://www.yattermatters.com/?p=7143#comment-19788 Fish, Soul is a good word choice. Stumbling around the different parts of the city as I do, I must agree that you find different versions of it. Makes this town very interesting from that perspective. Re the market is always right. It is 50% of the time! To a lot people those are great odds. :) Fish,

Soul is a good word choice. Stumbling around the different parts of the city as I do, I must agree that you find different versions of it. Makes this town very interesting from that perspective.

Re the market is always right.

It is 50% of the time!
To a lot people those are great odds. :)

]]> By: fish10 http://www.yattermatters.com/neighborhood-numbers/east-side-numbers-go-uptown/comment-page-1/#comment-19783 fish10 Thu, 29 Oct 2009 03:20:42 +0000 http://www.yattermatters.com/?p=7143#comment-19783 I agree with Larry. Many parts of East Van have more 'soul' than many wealthier neighbouhoods like the Cambie/Oak corridor. I suspect people are buying because they can afford it (just). Would you buy an over-priced asset if the financing costs were low and hoping that: 1) You can keep servicing the costs 2) No major expenses occur 3) The asset which has alrady reached nose bleed levels will keep going up. I wouldn't. But many would. However our opinions matter for very little. The market is always right..isn't it....until it suddenly and violently chnages it;s mind. I agree with Larry. Many parts of East Van have more ‘soul’ than many wealthier neighbouhoods like the Cambie/Oak corridor.

I suspect people are buying because they can afford it (just). Would you buy an over-priced asset if the financing costs were low and hoping that:

1) You can keep servicing the costs
2) No major expenses occur
3) The asset which has alrady reached nose bleed levels will keep going up.

I wouldn’t. But many would.

However our opinions matter for very little. The market is always right..isn’t it….until it suddenly and violently chnages it;s mind.

]]> By: yattermatters http://www.yattermatters.com/neighborhood-numbers/east-side-numbers-go-uptown/comment-page-1/#comment-19754 yattermatters Wed, 28 Oct 2009 17:26:22 +0000 http://www.yattermatters.com/?p=7143#comment-19754 Chris, Assuming Buffett is right then I should be expecting a call from you. :) Homelessness is not exclusive to the east side. One of the greatest shocks to my system was while having lunch with a friend at UBC to witness 'binners' in the student lounge looking for lunch discarded by students. As a former student, it was disconcerting to find that the exclusive hallowed halls of learning were not impervious. This revelation was more an eye opening spectacle than the Engineer's annual Lady Godiva ride or seeing 4 to 5 thousand students streak across campus. As to 'yuppies' and the $5 coffee. For many, that may constitute their entire non work related social interaction (entertainment) for the day. Running scared: nah, remember most of those folks aren't in that situation because it was their choice. They are interesting people when you take time to get to know them. Their existence in the world is time honored and certainly not exclusive to Vancouver's east side. Chris,
Assuming Buffett is right then I should be expecting a call from you. :)

Homelessness is not exclusive to the east side. One of the greatest shocks to my system was while having lunch with a friend at UBC to witness ‘binners’ in the student lounge looking for lunch discarded by students. As a former student, it was disconcerting to find that the exclusive hallowed halls of learning were not impervious.

This revelation was more an eye opening spectacle than the Engineer’s annual Lady Godiva ride or seeing 4 to 5 thousand students streak across campus.

As to ‘yuppies’ and the $5 coffee. For many, that may constitute their entire non work related social interaction (entertainment) for the day.

Running scared: nah, remember most of those folks aren’t in that situation because it was their choice. They are interesting people when you take time to get to know them. Their existence in the world is time honored and certainly not exclusive to Vancouver’s east side.

]]> By: Chris Taylor http://www.yattermatters.com/neighborhood-numbers/east-side-numbers-go-uptown/comment-page-1/#comment-19752 Chris Taylor Wed, 28 Oct 2009 16:56:09 +0000 http://www.yattermatters.com/?p=7143#comment-19752 My conclusion: yuppies are terrible with money. :) They'll spend $5 for a coffee. Expired listings, reduced sales, and price reductions should indicate bargains not bidding wars. Best advice: "Be fearful when others are greedy, and be greedy when others are fearful" - Warren Buffett The only way to explain the uptick is greed. The Starbucks phenomenon of packed luxury eateries is not a logical explanation. I'm running scared from these neighbourhoods... and that's not just from the many homeless, dilapidated buildings, and crime that still dot these "upcoming" neighbourhoods. My conclusion: yuppies are terrible with money. :)

They’ll spend $5 for a coffee. Expired listings, reduced sales, and price reductions should indicate bargains not bidding wars.

Best advice: “Be fearful when others are greedy, and be greedy when others are fearful” – Warren Buffett

The only way to explain the uptick is greed. The Starbucks phenomenon of packed luxury eateries is not a logical explanation.

I’m running scared from these neighbourhoods… and that’s not just from the many homeless, dilapidated buildings, and crime that still dot these “upcoming” neighbourhoods.

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