Announcement

Collapse
No announcement yet.

Shiller Weeps

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
  • #1

    Shiller Weeps

    Welcome to THE BEST PLACE ON EARTH. Real Estate is BOOMING Folks!!!

    Top 5 ranking cities by region

    Quality of living

    Top 5 cities - Americas
    		Top 5 cities - Asia Pacific
    		Top 5 cities - Europe
    		Top 5 cities - Middle East & Africa
    • Vancouver, Canada (tied 4th)
    • Toronto, Canada (15th)
    • Ottawa, Canada (16th)
    • Montreal, Canada (22nd)
    • Calgary, Canada (26th)



    The lowest ranking Americas city in the top 50 was Seattle (50th).
    • Auckland, New Zealand (tied 4th)
    • Sydney, Australia (10th)
    • Wellington, New Zealand (12th)
    • Melbourne, Australia (18th)
    • Perth, Australia (21st)

    The lowest ranking Asian city in the top 50 was Osaka (tied for 44th).
    • Vienna, Austria ( 1st)
    • Zurich, Switzerland (2nd)
    • Geneva, Switzerland (3rd)
    • Dusseldorf, Germany (6th)
    • Munich, Germany (7th)

    The lowest ranking European city in the top 50 was Madrid (48th).

    • Dubai, United Arab Emirates (77th)
    • Port Louis, Mauritius (82nd)
    • Abu Dhabi, United Arab Emirates (84th)
    • Cape Town, South Africa (87th)
    • Port Elizabeth, South Africa (93rd)

    NB: There are no Middle Eastern or African cities in the top 50

    Infrastructure


    Top 5 cities - Americas
    		Top 5 cities - Asia Pacific
    		Top 5 cities - Europe
    		Top 5 cities - Middle East & Africa
    • Vancouver, Canada (6th)
    • Atlanta, USA (15th)
    • Montreal, Canada (tied 15th)
    • Toronto, Canada (18th)
    • Washington D.C, USA (24th)
    • Singapore, Singapore (1st)
    • Tsukuba, Japan (4th)
    • Yokohama, Japan (5th)
    • Hong Kong, Hong Kong (tied 8th)
    • Tokyo, Japan (12th)
    • Munich, Germany (2nd)
    • Copenhagen, Denmark (3rd)
    • Dusseldorf, Germany (6th)
    • Frankfurt, Germany (tied 8th)
    • London, UK (tied 8th)
    • Dubai, United Arab Emirates (35th)
    • Tel Aviv, Israel (55th)
    • Jerusalem, Israel (70th)
    • Abu Dhabi, United Arab Emirates (72nd)
    • Port Louis, Mauritius
    Tags: None
  • #2
    Re: Shiller Weeps

    Do you have a link?

    Comment

    • #3
      Re: Shiller Weeps

      Originally posted by VancouverGoinUp View Post
      Welcome to THE BEST PLACE ON EARTH. Real Estate is BOOMING Folks!!!
      Nice to see you haven't abandoned us VancouverGoinUp.

      But "BOOMING"?

      Look, I like my hometown city as much as the next guy [and maybe even as much as you ], but here's a little reality intrusion table from the most recent Royal LePage quarterly survey.




      Note a couple of things:
      1. This is a 4rth Q y-o-y table. Since the 4rth Quarter ended the Canadian economy has started to contract even faster and the numbers claiming employment insurance are also rising faster.
      2. Note the remarkable premium for a home in Vancouver against comparable dwellings in every other jurisdiction. Vancouver may have much to offer, but even a hometown boy like me doesn't think that it offers so much more that it can support such an unprecedented and historically anomalous premium. The differentials compared to Toronto [which historically has always been the most expensive housing market in Canada] are truly eyepopping.
      3. According to Royal LePage prices in Vancouver fell faster than the national average in 4rth Q 2008. It'll be interesting to see what happens in the next few quarters...I am not as optimistic as you.
      IMO, Vancouver is now the riskiest housing market in Canada, and perhaps one of the riskiest in North America. If there was a way to short Vancouver and go long San Diego, it might make a good pair trade

      Link to press release from which the table below was extracted.


      Detached BungalowsStandard Two StoreyStandard Condominium
      Market Q4 2008 AverageQ4 2007 AverageBungalow % ChangeQ4 2008 AverageQ4 2007 Average2 Storey % ChangeQ4 2008 AverageQ4 2007 AverageCondo % Change
      Halifax215,000 201,333 6.8%259,667 231,667 12.1%159,500 148,500 7.4%
      Charlottetown157,000152,0003.3%188,000180,0004.4%
      Moncton150,000151,000-0.7%126,000135,000-6.7%
      Fredericton162,000155,0004.5%210,000197,0006.6%133,000126,0005.6%
      Saint John225,064196,50014.5%294,695255,00015.6%
      St. John's190,050 157,667 20.5%261,800 219,333 19.4%203,000 165,000 23.0%
      Atlantic190,921 173,150 10.3%238,310 212,000 12.4%174,183 145,429 19.8%
      Montreal261,372 258,150 1.2%334,850 342,491 -2.2%200,284 202,859 -1.3%
      Ottawa321,333 308,583 4.1%317,083 306,500 3.5%207,167 196,833 5.2%
      Toronto411,483 448,133 -8.2%513,417 550,705 -6.8%299,675 306,830 -2.3%
      Winnipeg219,650 214,494 2.4%247,029 237,571 4.0%132,083 127,408 3.7%
      Regina274,167 229,200 19.6%238,260 199,000 19.7%172,917 144,000 20.1%
      Saskatoon300,000 292,500 2.6%328,750 321,250 2.3%194,250 205,000 -5.2%
      Calgary410,333 429,889 -4.5%408,263 461,811 -11.6%257,189 284,144 -9.5%
      Edmonton301,429 336,786 -10.5%337,075 370,000 -8.9%206,854 240,500 -14.0%
      Vancouver743,750 795,250 -6.5%837,500 895,000 -6.4%405,000 428,250 -5.4%
      Victoria425,000425,0000.0%433,000456,000-5.0%265,000292,000-9.2%
      National
      Average
      House Price


      		319,640 335,845
      -4.8%


      		376,140 401,299
      -6.3%


      		233,230 246,048
      -5.2%


      Last edited by GRG55; April 29, 2009, 05:01 AM.

      Comment

      • #4
        Re: Shiller Weeps

        Sharky, it's from Mercer

        http://www.mercer.com/qualityofliving

        Comment

        • #5
          Re: Shiller Weeps

          Originally posted by babbittd View Post
          Sharky, it's from Mercer

          http://www.mercer.com/qualityofliving
          Nice to see NZ and Canada doing well on the quality of living rankings, including a little friendly rivalry between Vancouver and Auckland, tied at #4. I happen to like where I am in NZ even more than Auckland, so I should be thankful.

          However, quality of living has very little to do with real estate prices! Prices in NZ are holding up OK so far -- down only about 7 or 8% from peak. Definitely no boom here.

          Comment

          • #6
            Re: Shiller Weeps

            Originally posted by Sharky View Post
            Do you have a link?
            It's on forbes.com

            Comment

            • #7
              Re: Shiller Weeps

              Originally posted by Sharky View Post
              Nice to see NZ and Canada doing well on the quality of living rankings, including a little friendly rivalry between Vancouver and Auckland, tied at #4. I happen to like where I am in NZ even more than Auckland, so I should be thankful.

              However, quality of living has very little to do with real estate prices! Prices in NZ are holding up OK so far -- down only about 7 or 8% from peak. Definitely no boom here.
              Sharky, may I ask where you are in NZ?
              My educational website is linked below.

              http://www.paleonu.com/

              Comment

              • #8
                Re: Shiller Weeps

                Sounds good VGU! I might be interested.

                You got any housing-price data trends available?

                Comment

                • #9
                  Price, Vgu Price!!!!!!!

                  PRICE, VGU

                  PRICE!!!!!!!
                  what happened to the $$$$ TRILLION $$$$$ you promised me in 5 years?




                  PRICE, VGU

                  PRICE!!!!!!!

                  Comment

                  • #10
                    Re: Shiller Weeps

                    Originally posted by rogermexico View Post
                    Sharky, may I ask where you are in NZ?
                    I live in Nelson, on the north coast of the south island.

                    We get about 2400 hours of sun per year here -- nearly as much as San Diego. Our infrastructure includes a good-sized port, an airport, a hospital, and a number of large department stores and groceries. The nearby population is about 60,000.

                    http://en.wikipedia.org/wiki/Nelson,_New_Zealand

                    stitch-sunset June 2007 sm.jpg

                    Comment

                    • #11
                      Re: Shiller Weeps

                      sold! i'll be there next week. what's your address ;)

                      Comment

                      • #12
                        Re: Price, Vgu Price!!!!!!!

                        Originally posted by Spartacus View Post
                        PRICE, VGU

                        PRICE!!!!!!!
                        what happened to the $$$$ TRILLION $$$$$ you promised me in 5 years?




                        PRICE, VGU

                        PRICE!!!!!!!
                        lol. might be a little complication with that...

                        Originally posted by zoog View Post

                        Comment

                        • #13
                          Re: Price, Vgu Price!!!!!!!

                          So it's more of a VGD thing, Zoog?

                          I hear they have topical drugs for that now, btw...

                          Comment

                          • #14
                            Re: Price, Vgu Price!!!!!!!

                            Originally posted by zoog View Post
                            lol. might be a little complication with that...
                            Look close enuf, I am shuur that there's a botum frmin'...:p

                            Comment

                            Previous template Next
                            Working...
                            X