I Just Made You $120,000 Prices Up 12.6% 1 Month!!!

[VancouverGoinUp]

For those of you who have listened to me and bought a bargain basement property for 1 million you are up an outstanding $126000 yes that is $126000 in one month. No end in site.

Folks, At this rate we are looking at values doubling in less than a year.

http://www.canada.com/vancouversun/n...94008b&k=74372

[metalman]

Re: I Just Made You $120,000 Prices Up 12.6% 1 Month!!!

For those of you who have listened to me and bought a bargain basement property for 1 million you are up an outstanding $126000 yes that is $126000 in one month. No end in site.

Folks, At this rate we are looking at values doubling in less than a year.

http://www.canada.com/vancouversun/n...94008b&k=74372

ok, i have a new, completely infallible, patentable, gonna start my own site and become the next donny trump idea...

i know when "KA" is officially here when a "bargain basement property" in vancouver falls $126000 in one month. we'll know... of sure... it happened because VancouverGoinUp will be veeeery quiet... back selling snow to eskimos or screen doors in submarines or whatever he (she, it) was doing before.

[santafe2]

Re: I Just Made You $120,000 Prices Up 12.6% 1 Month!!!

For those of you who have listened to me and bought a bargain basement property for 1 million you are up an outstanding $126000 yes that is $126000 in one month.

Let's paint some detail into that investment scenario for a US citizen. One month ago, when the Loonie was trading at $1.10 US, our good citizen finally breaks down from the relentless slide in the US$ and the crafty salesmanship of VGU. He buys a lovely house to flip for US $1,100,000. Our citizen fully expects to make a killing.

Yesterday VGU finds a buyer for $1,126,000 Canadian and our US investor can not believe his luck and sells for a quick $126,000 gain. He repatriates his original investment and his windfall profit to US$, but the Loonie has fallen almost 11% in a month so our citizen makes 1.6%. After sales commissions, fees and taxes he's heavily under water.

Now our poor citizen is relegated to his new status as a cautionary tale. He's not only made the mistake of making a highly leveraged real estate investment, he's compounded the problem by making a highly leveraged currency trade. Vancouver may indeed be "goin' up", but you'd better be sure the Canadian dollar is also "goin' up" or your profits will not translate well to your local currency.

[Guest]

Re: I Just Made You $120,000 Prices Up 12.6% 1 Month!!!

SantaFe2 -

You forgot that the streets of Vancouver are paved with cobblestones of pure gold, and when the scrawny American vermin go up there, numerous big fat golden cobblestones go "missing". The Vancouver city council is getting really impatient with that because it's technically vandalism.

Our mangy American speculator only needs to go up there to inspect his "rental property" once in a while, and remember to pry up a couple of those "Vancouver nuggets" out of the street on his way out of town.

Then when he gets home everything is peachy with the exchange rate and stuff.

In America we put the Vancouver cobblestones in the bank and retire early see? Vancouverians (or is it Vancouverites?) are too patrician to do that sort of thing, bless them.

When I come back down here to the bedraggled US with a Vancouver cobblestone, my local bank branch manager treats me with respect, where before he'd cross the street to the opposite sidewalk and wince every time I passed by, the neighbors treat me with more respect, and even the wife looks at me suddenly like I'm a winner, and so on and so forth (the neighbor's dog even smiles at me on Sunday, etc.).

You gotta have vision with this Vancouver real estate thing - no vision no payola. The best condo units are the ones where the topmost penthouse floors are poking through the misty cloud cover. Those units go up more the most.

[VancouverGoinUp]

Re: I Just Made You $120,000 Prices Up 12.6% 1 Month!!!

Nobody grows old in the Couv. Big smiley faces like this recent article keeps em smiling. Shiller must have a frown he was sooooo wrong

http://www.canada.com/vancouversun/n...6bde59&k=73493