545 Units Sold In One Day

[VancouverGoinUp]

Folks this is out in the Burbs and what is going on there while fantastic pales in comparison to what is happening in Vancouver. Still time to convert your dollar to Canadian as our dollar is going much much higher and the US dollar well we all know the party os over for the US dollar

http://www.canada.com/vancouversun/n...18f65c&k=15382

[Spartacus]

Re: 545 Units Sold In One Day

when I read your title line I was reminded of the Wayne's World where Wayne and Garth kept looking at a ballet performance and shouting

"look at the unit on that guy!!!"

Did you buy some units? Off that guy?

Folks this is out in the Burbs and what is going on there while fantastic pales in comparison to what is happening in Vancouver. Still time to convert your dollar to Canadian as our dollar is going much much higher and the US dollar well we all know the party os over for the US dollar

http://www.canada.com/vancouversun/n...18f65c&k=15382

[Guest]

Re: 545 Units Sold In One Day

Vancouver, you cheer everyone up with your whimsical sales pitch.

[metalman]

Re: 545 Units Sold In One Day

Vancouver, you cheer everyone up with your whimsical sales pitch.

fred or whoever, let more spammers in. they're fun!

[Guest]

Re: 545 Units Sold In One Day

Metalman -

Vancouvergoinup is not a spammer. He's from Vancouver, and they are all rich as Croesus, so show some respect to our Canadian betters.

Their buck is worth more than our buck, so we need to kowtow to our upstairs neighbors now. Also the Brits and the EU crowd all have money worth more than ours (a lot) so we need to learn to bow, and tip our caps a little (servant-like, if you know what I mean).

I hear the streets up in Vancouver are paved with cobblestones made of pure gold, but the people are so rich they don't even try to dig them up. Only a wretched American would think of something as low and moneygrubbing as that.

And "Fred or whoever" is just "FRED". You may think you are seeing double, or in quintuplicate, but it's the same no-nonsense FRED we've all come to know. He may not be Hillary's running mate, but he's still cool, OK?

[GRG55]

Re: 545 Units Sold In One Day

Folks this is out in the Burbs and what is going on there while fantastic pales in comparison to what is happening in Vancouver. Still time to convert your dollar to Canadian as our dollar is going much much higher and the US dollar well we all know the party os over for the US dollar

http://www.canada.com/vancouversun/n...18f65c&k=15382

Thank you for keeping us informed of the detailed progress of the latest real estate blow-off phase in the Lower Mainland. I gather from the article that this development is in Surrey.

"...Designed by Patrick Cotter architects, each tower will include a 1,000-square-foot rooftop solarium with 50-foot glass atriums, along with a 4,000 square foot rooftop patio offering unrestricted views. With studios starting at $179,000 and top-floor two-bedroom units fetching up to $500,000, the total dollar value of the sale was $280 million..."

If I think about it long enough I can rationalize why someone would pay a fortune for a tiny, elevated concrete box residence close to the office/restaurants/theater district/coffee houses in Downtown ____________ (pick your favourite city). But Surrey, I am sure you will agree, couldn't be classified as the cultural heart of anything.

About 1200 AD the residents of New Mexico discovered condo living in the suburbs. Here's the view from one of the show suites:

Apparently after some time they decided they didn't much like high rise living, and moved en masse to Anaheim where they replaced the orange groves with tract bungalows, and a faux Bavarian castle, and lived happily ever after.

The problem with spending too much time in Disneyland is you begin to confuse it with the real world...

[touchring]

Re: 545 Units Sold In One Day

Thank you for keeping us informed of the detailed progress of the latest real estate blow-off phase in the Lower Mainland. I gather from the article that this development is in Surrey.

"...Designed by Patrick Cotter architects, each tower will include a 1,000-square-foot rooftop solarium with 50-foot glass atriums, along with a 4,000 square foot rooftop patio offering unrestricted views. With studios starting at $179,000 and top-floor two-bedroom units fetching up to $500,000, the total dollar value of the sale was $280 million..."

If I think about it long enough I can rationalize why someone would pay a fortune for a tiny, elevated concrete box residence close to the office/restaurants/theater district/coffee houses in Downtown ____________ (pick your favourite city). But Surrey, I am sure you will agree, couldn't be classified as the cultural heart of anything.

Prices don't seem high. Downtown Singapore, Studios sell from $1 million, and 2-bedrooms, $3 million. The most expensive place, a studio costs $3 million, and a penthouse unit, $20 million. :eek:

[GRG55]

Re: 545 Units Sold In One Day

Prices don't seem high. Downtown Singapore, Studios sell from $1 million, and 2-bedrooms, $3 million. The most expensive place, a studio costs $3 million, and a penthouse unit, $20 million. :eek:

Surrey is NOT Singapore, believe me...

(and unlike Singapore, no one could possibly make a rational argument that Canada is short of land)

[Guest]

Re: 545 Units Sold In One Day

Xxxxxxxxxxxxx

[metalman]

Re: 545 Units Sold In One Day

Metalman -

Vancouvergoinup is not a spammer. He's from Vancouver, and they are all rich as Croesus, so show some respect to our Canadian betters.

Their buck is worth more than our buck, so we need to kowtow to our upstairs neighbors now. Also the Brits and the EU crowd all have money worth more than ours (a lot) so we need to learn to bow, and tip our caps a little (servant-like, if you know what I mean).

I hear the streets up in Vancouver are paved with cobblestones made of pure gold, but the people are so rich they don't even try to dig them up. Only a wretched American would think of something as low and moneygrubbing as that.

And "Fred or whoever" is just "FRED". You may think you are seeing double, or in quintuplicate, but it's the same no-nonsense FRED we've all come to know. He may not be Hillary's running mate, but he's still cool, OK?

no critique de FRED. truly. more meat for the grinder. but no more dopes pushing real estate. how about some guy pushing cdos? i hear they're cdosgoinup

[touchring]

Re: 545 Units Sold In One Day

Surrey is NOT Singapore, believe me...

(and unlike Singapore, no one could possibly make a rational argument that Canada is short of land)

Oh, my bad. Thought it was somewhere in Vancouver. :p

But short of land is no guarantee for high prices. Prices in HK still fell 50% when the recession struck. And HK has less land (take out the mountains) than Singapore.

[GRG55]

Re: 545 Units Sold In One Day

Oh, my bad. Thought it was somewhere in Vancouver. :p

Surrey is a distant suburb of Vancouver, up the Fraser Valley and on the other side of the river. Because of the distance and the bridges it's a tough commute to Vancouver, so historically it used to be very cheap (you used to be able to get a decent house with a large yard) and appealed to that demographic.

With the idiot real estate inflation going on, clearly it's being lipsticked up and repackaged as some sort of desirable, chi chi high-rise condo district. It's a perfectly fine place to live if you want to be away from the congestion of the city centre, raise your kids & dog, and it has great access to one of the finest beaches on the left coast at White Rock. But it has none of the amenities that would ordinarily appeal to hip, urban high-rise condo-box dwellers.

I am quite sure that the majority of the people that bought these condo's have no intention of ever living in them (the tone of "exclusivity" that was used to market them is laughable) and I take this as yet another indicator that the real estate market is well into blow-off dynamics. Vancouver has had numerous real estate cycles, and since 1980 two "blood-in-the-streets" collapses after rampant speculations. The gin-and-Jaguar set realtors (estate agents) would like everyone to forget that.

But short of land is no guarantee for high prices. Prices in HK still fell 50% when the recession struck. And HK has less land (take out the mountains) than Singapore.

Exactly! ;)

[Andreuccio]

Re: 545 Units Sold In One Day

but no more dopes pushing real estate.

I'm actually curious why he's really here. It's not like anybody here is actually going to buy real estate in Vancouver. I can't think of a bigger waste of time for a salesman than trying to push real estate on a relatively small (but growing ) website that focuses in part on why real estate is such a bad deal right now. And it's not like he's spamming everywhere. If you google Vancouvergoinup, he's only here. What's up?

[GRG55]

Re: 545 Units Sold In One Day

I'm actually curious why he's really here. It's not like anybody here is actually going to buy real estate in Vancouver. I can't think of a bigger waste of time for a salesman than trying to push real estate on a relatively small (but growing ) website that focuses in part on why real estate is such a bad deal right now. And it's not like he's spamming everywhere. If you google Vancouvergoinup, he's only here. What's up?

One of the FRED's is moonlighting? :p

[Guest]

Re: 545 Units Sold In One Day

_

Vancouver's gonna be HUGE. You guys just don't have any VISION.

You'll be sorry you didn't believe in this while there was still time to buy in at 750K for the rooftop units next month, and you'll all be whining like starved hound-dogs when people in Vancouver inherit the Earth (after they've finally caved in to common sense and dug up all the solid gold cobblestones in the streets - before the mangy starving Americans could get them).

Then you guys will just be all emaciated and sad, without real-estate in your portfolios, standing on the outside looking in at the golden glow of success.

Vancouvergoinup is posting here as a service to you, trying to pull the wool from your eyes ( Or was it pulling enlightenment from a top-hat? Or putting wool onto the scales? I forget. :confused: ) so you can see the opportunity. He's on a mission to try to help us out - I think. :confused:

_