peter236

Some people say there is a bubble in the Vancouver market. The Olympics village still has many vacant units asking for buyers. We thought people would be queuing up for them. If they reduce the selling price, the city may have a loss in this investment.

大C姐

True, but you did not take into account inflation. You really have to at least beat GIC to claim a ...
BiscottiGelato 發表於 2010-9-8 09:30

    I think that's a very valid article. When i looked at FiChai's link, from 1994 high point the real estate market went down until it came back up in 2004. The prices of real estate were about the same, but in reality, it's a loss due to time value of money!

So are properties in Vancovuer over-priced now? Perhaps, or maybe it's just in line with inflation (increase just as much as other consumer goods) as others pointed out. Will there be a "correction" in the future? Perhaps, but no one knows for sure. And even if there IS an inflation, what does that even mean? Does it mean it's stupid to buy before the correction and everyone should just wait for that correction? And what % of decrease in prices is considered appropriate? If it goes down by 10%, does it mean it's a good time to buy then? What if it goes down by 9% and never moved, so one should never buy?

My point is, if you look at it as an investment, then yes, you should probably try to make some forecasts and predictions, but that's not the top priority for me, or many home buyers. And even if it IS an investment with embedded risks, one should seek out a strategy that suits his/her financial situation. Remember, just like stock market, there are riskier products (margins, options) for institutional traders and there are also blue chips for normal individuals. AT ANY GIVEN POINT, there are people trading on the stock market, you can't really say "there will be an adjustment in the market later, and buying ANY investment now is a bad idea".

After all, I don't look at buying a house as an investment. If I purely want to make money out of it, I would spend my downpayment elsewhere - that's needless to say. BUT you can't just look at what MIGHT happen in the futre (no one knows what's going to happen) and put everything in life on hold. If you find something you love, buy now, it's not a stock, it won't be on the market forever! Sitting there trying to guess which way the market is going is not something I recommend. I'd rather live in my own space comfortably and spend my time working diligently and make my money elsewhere.

-- single lady 大C姐

BiscottiGelato

I think that's a very valid article. When i looked at FiChai's link, from 1994 high point the ...
大C姐 發表於 2010-9-8 13:18

Buying a house to live is just like buying any other neccesities. The smart ones will try to buy it when it goes on discount.

Any spending of money is a form of investment, be it an investment in personal instant gratifcation. The smart ones will try to maximize the return on such investments.

At least, you've shifted in tone from buying a house regardless is always a good way to spend one's money; To that it's only good under particular conditions. Even so, i still don't agree that now is the best time to buy. But what do I know~

I still like your BS love/sex/dating articles more. Finance isn't really your strong points. Stick to what you are gd at ba~

大C姐

Buying a house to live is just like buying any other neccesities. The smart ones will try to buy i ...
BiscottiGelato 發表於 2010-9-8 13:32

    I agree finance is not my STRONGEST point - i never claim to be a finance guru. I only draw upon my personal experience and share my perspectives on things. There is no right or wrong answer, whether you agree with me or not, I make a decent living for myself and I can at least afford properties and other neccessities on my own, more than some people here can say.

I believe even when the prices are high, there are good value properties out there. If you are like me, who enjoys owning my house and can afford that kind of lifestyle, I don't see why not? Not everyone in Canada put down 5% downpayment and have 6% equity, I am not an "average Canadian" perhaps.


-- self-sufficient 大C姐

MSN04

True, the OV does not represent the whole housing market, but it shows that there is actually an upper limit that people are willing to pay on housing in Vancouver.  i.e. it doesn't always go up.

大C姐

True, the OV does not represent the whole housing market, but it shows that there is actually an upp ...
MSN04 發表於 2010-9-8 15:31

    There are many reasons geh... for one, many people doubt the olympic village is well built, since it was "put together" very quickly.

Not too long ago, there were people lining up to buy other condos in Vancouver downtown - ie, the Mark and Woodward, they're both MORE expensive than the Olympic Village (in terms of $/sf). What does that mean?

fibbi

Oh the Olympic Village is not selling well? Too bad...it's good location!

MSN04

There are many reasons geh... for one, many people doubt the olympic village is well built, s ...
大C姐 發表於 2010-9-8 15:36

Instead of tyring to show off how much u can afford, or what kind of good life you are having.  May be, it is a good time for you to start thinking about these things?  Wisdom and the ability to reason are priceless

大C姐

Instead of tyring to show off how much u can afford, or what kind of good life you are having.  Ma ...
MSN04 發表於 2010-9-8 16:14

Thanks for your sugguestions, but some also believe "ignorance is a bliss".

I am not trying to show off how much I can afford, i am just stating the facts. I am happy with my life, I worked hard and earned the right to celebrate my success.


-- Blissful and content 大C姐