Prices Jump $200,000 to 6 million in Hours

[VancouverGoinUp]

Folks, Here is an article link regarding "Housing Bubble" in the nemesis of Vancouver - Toronto, Ontario. The writer trys to bring your attention to the possibility of a Housing Bubble but ends up reading like a BUY BUY BUY recommendation. We all know the US dollar is experiencing a short burst but we all know the US dollar is going much much lower and the Canadian dollar is going much much higher - in fact it hit $1.10 US just the other week. Folks, you still have time to invest in Canadian real estate and specifically Vancouver which is poised for lofty returns for the next 50 years! Average house costs are poised to be over 2 million for the average house and folks THIS IS AFFORDABLE. 2 million is chump change for our buyers. Please join us in our unending riches to be had by all. Canada does not have sub prime issues as we never allowed such folly to occur
http://www.torontosun.com/Money/2007...64830-sun.html

[metalman]

Re: Prices Jump $200,000 to 6 million in Hours

Folks, Here is an article link regarding "Housing Bubble" in the nemesis of Vancouver - Toronto, Ontario. The writer trys to bring your attention to the possibility of a Housing Bubble but ends up reading like a BUY BUY BUY recommendation. We all know the US dollar is experiencing a short burst but we all know the US dollar is going much much lower and the Canadian dollar is going much much higher - in fact it hit $1.10 US just the other week. Folks, you still have time to invest in Canadian real estate and specifically Vancouver which is poised for lofty returns for the next 50 years! Average house costs are poised to be over 2 million for the average house and folks THIS IS AFFORDABLE. 2 million is chump change for our buyers. Please join us in our unending riches to be had by all. Canada does not have sub prime issues as we never allowed such folly to occur
http://www.torontosun.com/Money/2007...64830-sun.html

use phrases like "unending riches to be had by all" and scream in caps BUY BUY BUY ? why not request fred to change your title here to "official site asshat"?

i so look forward to your asinine posts, VancouverGoinUp. the loonie going higher is BAD for real estate, dumbass. means americans can't afford it. Vancouver's in a olympic bubble. period. hope the schmucks who listen to you get out in time.

[Tulpen]

Re: Prices Jump $200,000 to 6 million in Hours

The quoted newspaper of obviously a tabloid.

[VancouverGoinUp]

Re: Prices Jump $200,000 to 6 million in Hours

Metalman you still don't get it.That's why your sitting at Starbucks with free wireless internet trying to figure out how you missed out on the Vancouver Boom. Americans DON'T drive Vancouver Real Estate - Asia DOES. I'm talking about people who have real wealth not borrowed money.

Americans buying today get rock bottom real estate prices coupled with buying dollars converted to CA which will increase in value while the US dollar plummets. I can tell by your attitude you are a very bitter bitter person but by buying in Vancouver you can obtain the "Peace that passeth all Understanding"

[metalman]

Re: Prices Jump $200,000 to 6 million in Hours

Metalman you still don't get it.That's why your sitting at Starbucks with free wireless internet trying to figure out how you missed out on the Vancouver Boom. Americans DON'T drive Vancouver Real Estate - Asia DOES. I'm talking about people who have real wealth not borrowed money.

Americans buying today get rock bottom real estate prices coupled with buying dollars converted to CA which will increase in value while the US dollar plummets. I can tell by your attitude you are a very bitter bitter person but by buying in Vancouver you can obtain the "Peace that passeth all Understanding"

why does this remind me of japanese buying up hawaii in the late 1980s?

That's why your sitting at Starbucks with free wireless internet

speaking of wasting your time, why are you here on itulip? can't you find a more receptive audience, like on ben stein's site or some other fellow financial asshat hangout site.

[Guest]

Re: Prices Jump $200,000 to 6 million in Hours

Wonderful debate here!

My mirth quotient is rising steadily - Here Asian buyers must be looking at Vancouver, with it's levitating prices, and Seattle slightly to the south, with laggard prices and a mangy, bedraggled American flag flying over it and prices quoted in mangy American b0nars, and they must be puzzling mightily, wrestling with deep thorny concepts such as "what is value?".

They are thinking wily, market savvy thoughts to themselves such as "Ah yes, we must buy the shooting star at it's apogee, in golden Caandia! Leave the ratty old Seattle priced in cheap monopoly paper to the Mangy Confederate Maggots!!!". :rolleyes:

[DemonD]

Re: Prices Jump $200,000 to 6 million in Hours

i bet vancouvergoinup is really EJ, but his evil twin devil's advocate side.

[idianov]

Re: Prices Jump $200,000 to 6 million in Hours

Americans leaving the B.C. housing market...

[touchring]

Re: Prices Jump $200,000 to 6 million in Hours

Vancouver which is poised for lofty returns for the next 50 years!

You broke record. 50 years. Why not 500 years. :p:p:p

[WDCRob]

Re: Prices Jump $200,000 to 6 million in Hours

Fredmods, what's the point of allowing garbage like this in your forums?

[FRED]

Re: Prices Jump $200,000 to 6 million in Hours

Fredmods, what's the point of allowing garbage like this in your forums?

We filter literally dozens of such spammers out of forums daily. On rare occasion one makes it through our process.

We had a poll on VancouverGoinUp and the majority of iTulipers voted that we keep him or her for entertainment purposes. Obviously, porn and other offensive spam would not be considered for this, and housing is relevant. VancouverGoinUp has since then evolved into a popular inside joke and has even contributed a new construct to express the desperate optimism of the invested: DollarGoinUp! USEconomyGoinUp! No doubt after Vancouver real estate goes down we won't be hearing much from VancouverGoinUp anymore, so we enjoy the fun while we can.

[Andreuccio]

Re: Prices Jump $200,000 to 6 million in Hours

We filter literally dozens of such spammers out of forums daily. On rare occasion one makes it through our process.

We had a poll on VancouverGoinUp and the majority of iTulipers voted that we keep him or her for entertainment purposes. Obviously, porn and other offensive spam would not be considered for this, and housing is relevant. VancouverGoinUp has since then evolved into a popular inside joke and has even contributed a new construct to express the desperate optimism of the invested: DollarGoinUp! USEconomyGoinUp! No doubt after Vancouver real estate goes down we won't be hearing much from VancouverGoinUp anymore, so we enjoy the fun while we can.

I have a couple of questions about VancouverGoinUp that have been bothering me for a while.

The first is essentially Metalman's question: Why would he be wasting his time here? If he's trying to sell Vancouver real estate, there must be greener pastures than iTulip. Someone selling gold here I could see, but real estate. And it's not like it's a one shot hit and run spam thing. He's here over and over again. Why?

Second, why is he a "Special Member"? What does that mean?

[Spartacus]

Re: Prices Jump $200,000 to 6 million in Hours

Why would he be wasting his time here?

trolling can be a lot of fun.

I've never trolled real people, but In my day I've trolled the trolls (set up messages specifically to anger trolls, get them spewing hate at me)

Vancouvergoinup reminds me of some on the DC bubble blog in late 2005 - some were plain trolls, no doubt, but many were people who learned of bubble dynamics after a huge purchase, could not take the cognitive dissonance (could not admit to a stupid purchase) and had to let it out in self-justifying (and insulting the "bubbleheads") posts

There was one on there who insisted there could be no bubble because some numbers did not match up specifically with past bubbles (so how did the first bubble happen, as all specifics need to match a past bubble?)

I have a couple of questions about VancouverGoinUp that have been bothering me for a while.

Second, why is he a "Special Member"? What does that mean?

a better fit might be Gollum, always navel-gazing and contemplating his "precioussss Vancouver real estate"

[Spartacus]

Re: Prices Jump $200,000 to 6 million in Hours

more bubble news on the radio today - Toronto breaks all records for condo construction.

twice the number of condos came online in Toronto (pop 2 to 4 million, depending where you draw the border) than in NY (pop 13 million?)

It's incredibly surprising because Toronto had a price collapse in 1991, which left people holding $300,000 mortgages on condos (with identical units selling for $189,000 down the hall)

memories can be so short.

PS -
I'm hoping to get a room near the University off Craiglist for $500 a month, a 10 minute walk from that recent $6 million unit

Folks, Here is an article link regarding "Housing Bubble" in the nemesis of Vancouver - Toronto, Ontario. The writer trys to bring your attention to the possibility of a Housing Bubble but ends up reading like a BUY BUY BUY recommendation. We all know the US dollar is experiencing a short burst but we all know the US dollar is going much much lower and the Canadian dollar is going much much higher - in fact it hit $1.10 US just the other week. Folks, you still have time to invest in Canadian real estate and specifically Vancouver which is poised for lofty returns for the next 50 years! Average house costs are poised to be over 2 million for the average house and folks THIS IS AFFORDABLE. 2 million is chump change for our buyers. Please join us in our unending riches to be had by all. Canada does not have sub prime issues as we never allowed such folly to occur
http://www.torontosun.com/Money/2007...64830-sun.html

[FRED]

Re: Prices Jump $200,000 to 6 million in Hours

a better fit might be Gollum, always navel-gazing and contemplating his "precioussss Vancouver real estate"

Good idea!