Comments on: Quick Tuesday Numbers http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/ Just another WordPress.com weblog Wed, 18 Nov 2009 06:06:27 +0000 http://wordpress.com/ hourly 1 By: vanreal http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9150 vanreal Sun, 18 Nov 2007 17:37:57 +0000 http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9150 Out in the distant suburbs (places where only the brave dare to tread) condo prices are low and easily within reach of first time buyers. it is just that every first timer wants to live in a sfh in the city. those days are over and will not return. so buy your condo in maple ridge or mission and hopefully you can work your way back in Out in the distant suburbs (places where only the brave dare to tread) condo prices are low and easily within reach of first time buyers. it is just that every first timer wants to live in a sfh in the city. those days are over and will not return. so buy your condo in maple ridge or mission and hopefully you can work your way back in

]]> By: blueskies http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9108 blueskies Sat, 17 Nov 2007 05:15:48 +0000 http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9108 <i>when those 15,000 unit completed? They went up 20%!..............which adds to the housing stock are actually condos and town houses. ...........</i> 50% went to speculators which is "fake" demand and appreciation will not hold over the longer term. <i>They can’t live at home forever and will either enter the rental market (rent increases) or the housing market. Either way very bullish in the long term for real estate.</i> increased borrowing costs will ensure these little darlings will not leave the nest anytime soon..... rents increases will not happen due to the large numbers of spec held condos for rent (subsidized by newly minted landlords) either way very bearish for long term RE. when those 15,000 unit completed? They went up 20%!…………..which adds to the housing stock are actually condos and town houses. ………..

50% went to speculators which is “fake” demand and appreciation will not hold over the longer term.

They can’t live at home forever and will either enter the rental market (rent increases) or the housing market. Either way very bullish in the long term for real estate.

increased borrowing costs will ensure these little darlings will not leave the nest anytime soon….. rents increases will not happen due to the large numbers of spec held condos for rent (subsidized by newly minted landlords)

either way very bearish for long term RE.

]]> By: News Flash http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9107 News Flash Sat, 17 Nov 2007 04:43:36 +0000 http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9107 TD: "there was a time when more children moved out of mommy and daddy’s than at any other time in our modern history (the boomers) but that’s over now." Yes that is true. The 20 to early 30 year old range of BC residents still living at home has doubled since the 80's. That is pent up demand. They can't live at home forever and will either enter the rental market (rent increases) or the housing market. Either way very bullish in the long term for real estate. TD: “there was a time when more children moved out of mommy and daddy’s than at any other time in our modern history (the boomers) but that’s over now.”

Yes that is true. The 20 to early 30 year old range of BC residents still living at home has doubled since the 80’s.

That is pent up demand. They can’t live at home forever and will either enter the rental market (rent increases) or the housing market. Either way very bullish in the long term for real estate.

]]> By: News Flash http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9105 News Flash Sat, 17 Nov 2007 04:38:20 +0000 http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9105 "Greater Vancouver average persons per household has been a stable 2.6 since 1991." That is for EXISTING housing. How many net new SFH have been added North of the Fraser River over the past few years? Not many when you factor some came out for high density and others were just replacing existing tear down SFHs. Almost all the new housing North of the Fraser which adds to the housing stock are actually condos and town houses. 2.8 is is a distant memory for future completions. “Greater Vancouver average persons per household has been a stable 2.6 since 1991.”

That is for EXISTING housing. How many net new SFH have been added North of the Fraser River over the past few years? Not many when you factor some came out for high density and others were just replacing existing tear down SFHs.

Almost all the new housing North of the Fraser which adds to the housing stock are actually condos and town houses. 2.8 is is a distant memory for future completions.

]]> By: News Flash http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9104 News Flash Sat, 17 Nov 2007 04:30:45 +0000 http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9104 "Now, I know a lot of you Geezers are having trouble with the “new” math and all but that’s 15,000 units per year. NOT 3000 per year, get it?" I got it. One question for you TD. What happened to real estate prices when those 15,000 unit completed? They went up 20%! Are you saying it is different this time? “Now, I know a lot of you Geezers are having trouble with the “new” math and all but that’s 15,000 units per year. NOT 3000 per year, get it?”

I got it. One question for you TD. What happened to real estate prices when those 15,000 unit completed? They went up 20%!

Are you saying it is different this time?

]]> By: robchipman http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9103 robchipman Sat, 17 Nov 2007 03:44:35 +0000 http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9103 domus: Your wish is my command :-) domus:

Your wish is my command :-)

]]> By: Jeff http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9102 Jeff Sat, 17 Nov 2007 03:41:40 +0000 http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9102 The housing downturn nationwide (US) is very serious... the most significant drop since the Great Depression... http://www.courier-journal.com/apps/pbcs.dll/article?AID=/20071116/BUSINESS/711160394 The housing downturn nationwide (US) is very serious…
the most significant drop since the Great Depression…
http://www.courier-journal.com/apps/pbcs.dll/article?AID=/20071116/BUSINESS/711160394

]]> By: Jeff http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9101 Jeff Sat, 17 Nov 2007 03:35:51 +0000 http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9101 Some homebuilders could end up bankrupt... http://www.businessweek.com/ap/financialnews/D8STK7M80.htm Some homebuilders could end up bankrupt…
http://www.businessweek.com/ap/financialnews/D8STK7M80.htm

]]> By: Jeff http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9099 Jeff Sat, 17 Nov 2007 03:09:33 +0000 http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9099 domus: It's the weekend... go buy a condo... just kidding! domus:
It’s the weekend… go buy a condo…

just kidding!

]]> By: domus http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9098 domus Sat, 17 Nov 2007 02:56:38 +0000 http://rireb.wordpress.com/2007/11/14/quick-tuesday-numbers/#comment-9098 It's friday.......numbers anyone? It’s friday…….numbers anyone?

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