Shiller was oh so wrong Housing is on FIRE

[VancouverGoinUp]

Re: Shiller was oh so wrong Housing is on FIRE

Not even close to a developing top. In fact predictions are now looking at up to 50 years with not one down year. How is that possible you ask?
Simple. Asians typically buy homes they do not rent. Asians love Vancouver. Vancouver is dirt cheap compared to large Asian cities.
I personally do not see real estate slowing down in Vancouver until the average house price is well in excess of 2 million possible 3 million dollars.
Shiller was just plain irresponsible along with the Economist - people who listened lost literally a fortune
Fortunately there is still time. 2008 will be an average year with a 10% return. However even with a starter home lets say in the $900,000 range you are looking at profit of $90000 in 2008 - not bad a bad return

[DemonD]

Re: Shiller was oh so wrong Housing is on FIRE

Asians... like the japanese where RE has gone down for 17 straight years?

[touchring]

Re: Shiller was oh so wrong Housing is on FIRE

likelihood of birdflu or wwiii next 50 yrs is great. :p

as matter of fact, bush talked about wwiii just the other day.

Not even close to a developing top. In fact predictions are now looking at up to 50 years with not one down year. How is that possible you ask?
Simple. Asians typically buy homes they do not rent. Asians love Vancouver. Vancouver is dirt cheap compared to large Asian cities.
I personally do not see real estate slowing down in Vancouver until the average house price is well in excess of 2 million possible 3 million dollars.
Shiller was just plain irresponsible along with the Economist - people who listened lost literally a fortune
Fortunately there is still time. 2008 will be an average year with a 10% return. However even with a starter home lets say in the $900,000 range you are looking at profit of $90000 in 2008 - not bad a bad return

[FRED]

Re: Shiller was oh so wrong Housing is on FIRE

This just in:

http://www.itulip.com/forums/showthr...8274#post18274

[rabot10]

Re: Shiller was oh so wrong Housing is on FIRE

I was just in Vancouver for the start of trip to Alaska with the kids. What a dump and the price of poperty was equal to LA. I was shocked

[Guest]

Re: Shiller was oh so wrong Housing is on FIRE

Rick you are taking way to many vacations.

Last time I checked you were on a nice junket up to New York City to go restaurant hopping at some of the best eats places in town. (BTW, did you make it to Kruger's Steakhouse on the westernmost end of 14th Street? Best steak in DA WHOLE WORLD!)

(See how the other half lives! )

[metalman]

Re: Shiller was oh so wrong Housing is on FIRE

Not even close to a developing top. In fact predictions are now looking at up to 50 years with not one down year. How is that possible you ask?
Simple. Asians typically buy homes they do not rent. Asians love Vancouver. Vancouver is dirt cheap compared to large Asian cities.
I personally do not see real estate slowing down in Vancouver until the average house price is well in excess of 2 million possible 3 million dollars.
Shiller was just plain irresponsible along with the Economist - people who listened lost literally a fortune
Fortunately there is still time. 2008 will be an average year with a 10% return. However even with a starter home lets say in the $900,000 range you are looking at profit of $90000 in 2008 - not bad a bad return

i do enjoy your posts. you remind me of my brother in law. he's in the used car business. it's doing better than the new car business, but it still sucks.

[Rajiv]

Re: Shiller was oh so wrong Housing is on FIRE

Lukester,

I hope that you have not been affected by the San Diego Fires. Do let us know how things are there.

[Guest]

Re: Shiller was oh so wrong Housing is on FIRE

Rajiv -

I'm fine. I'm in the center of San Diego.

The big fires are to the southeast and to the northeast, with the biggest one being that to the northeast. We should check with Tet rather, as I believe he's living in the northern part of the city. Some of the northern suburbs of San Diego, such as Rancho Bernardo have been hit fairly hard.

I have no idea where Tet lives, but there's at least an even chance he could be in the north of the City, in which case the fires came a lot closer in.

Thanks for your concern Rajiv, and best regards to Tet also in case he's found himself close to the fires.

Lukester