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03-24-2014, 08:02 AM
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#2201 | | I contribute to threads in the offtopic forum
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Originally Posted by Z3guy  you are also humble too! hahaha! | the funny thing is, i am extremely humble and empathetic around good people.
however, when dealing with douches on the internet who make bold claims like 'you can't hack it' i take a different approach - also, can't hack vancouver? vancouver isn't exactly a city that chews you up and spits you out, quite the opposite, it's an easy place to live with huge amounts of government support. you can be a real loser and do alright in the lower mainland, that's not attractive to me.
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03-24-2014, 08:07 AM
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#2202 | | My homepage has been set to RS
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^ I think you are the new Marco 911 haha! you entertain me, thank you. You sure spend allot of time defending your POV
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03-24-2014, 08:11 AM
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#2203 | | Wanna have a threesome?
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Originally Posted by Z3guy ^ I think you are the new Marco 911 haha! you entertain me, thank you. You sure spend allot of time defending your POV | Ha! That's a perfect comparison.
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03-24-2014, 08:54 AM
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#2204 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
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Originally Posted by Z3guy ^ I think you are the new Marco 911 haha! you entertain me, thank you. You sure spend allot of time defending your POV | this is the thing, if you actually had a good rebuttal, we could have an intelligent discussion, many people have done so - i don't need you to agree with me.
having said that, why would i not defend my position?
but, unfortunately, you throw shit up like ''you can't hack it" - if someone makes a veiled proverbial slap in the face at me, of course I will defend myself.
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03-24-2014, 09:15 AM
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#2205 | | My homepage has been set to RS
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Originally Posted by 4444 this is the thing, if you actually had a good rebuttal, we could have an intelligent discussion, many people have done so - i don't need you to agree with me.
having said that, why would i not defend my position?
but, unfortunately, you throw shit up like ''you can't hack it" - if someone makes a veiled proverbial slap in the face at me, of course I will defend myself. | you sure spend allot of time defending all your positions, I wasn't referring to my specific comments
this is revscene man, it is for fun, not some soapbox to tell everyone how smart you are.....well maybe for you....
"you can't hack it" comment sure got under your skin eh? I look forward to your next response haha!
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03-24-2014, 10:24 AM
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#2206 | | I contribute to threads in the offtopic forum
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Originally Posted by Z3guy you sure spend allot of time defending all your positions, I wasn't referring to my specific comments
this is revscene man, it is for fun, not some soapbox to tell everyone how smart you are.....well maybe for you....
"you can't hack it" comment sure got under your skin eh? I look forward to your next response haha! | allot isn't a word
that's my response
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03-24-2014, 10:32 AM
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#2207 | | My homepage has been set to RS
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^ thank you for correcting my grammar on revscene Marco911
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03-24-2014, 10:51 AM
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#2208 | | I told him no, what y'all do?
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back on topic...
last topic discussed was how renting beats owning, and that selling to rent is also better right now. is building a new home right now also a bad idea b/c if you're taking out a construction loan you are also potentially affected if interest rates rise as well, similar to buyers taking out a mortgage on a property?
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http://www.revscene.net/forums/showthread.php?t=611711 Quote: Greenstoner
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03-24-2014, 11:00 PM
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#2209 | | Need my Daily Fix of RS
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Originally Posted by GLOW back on topic...
last topic discussed was how renting beats owning, and that selling to rent is also better right now. is building a new home right now also a bad idea b/c if you're taking out a construction loan you are also potentially affected if interest rates rise as well, similar to buyers taking out a mortgage on a property? | Really depends on if you already own the land and not paying a mortgage on it. I would assume that construction cost of building a house shouldn't get lower with time. Only thing I would suggest is that if you are only being approved for this loan because of the low interest rate, I would be very cautious on proceeding since you would be at financial risk when rates do rise.
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03-26-2014, 06:44 PM
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#2210 | | I subscribe to the Fight Club ONLY
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03-26-2014, 08:52 PM
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#2211 | | I don't get it
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10/10 payments, max 25year amort, and a few more restrictions. It's honestly not much better than whats out there beside being able to advertise that rate.
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03-26-2014, 09:14 PM
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#2212 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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the race to the bottom continues. so glad i'm not an investor in canadian bank stocks.
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03-26-2014, 09:23 PM
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#2213 | | THE CHAMPION OF CAPUA
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Noob question but Why wouldn't banks want to keep interest rates low? It's More business for them and it keeps the housing bust from blowing up in their faces. What economic changes would force bank to raise their rates?
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03-26-2014, 09:44 PM
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#2214 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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Originally Posted by Spartacus Noob question but Why wouldn't banks want to keep interest rates low? It's More business for them and it keeps the housing bust from blowing up in their faces. What economic changes would force bank to raise their rates? | don't kid yourself. the c-suite execs in all the big banks want to raise the rate but the fundamental is not there to support it. BMO is desperately lowering rate to gain market share. if anything this latest move is more indication to me that Canada is facing some serious structural problem within OECD countries.
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03-26-2014, 10:00 PM
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#2215 | | I contribute to threads in the offtopic forum
Join Date: Apr 2001 Location: VAN/RMD/BBY
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Originally Posted by Spartacus Noob question but Why wouldn't banks want to keep interest rates low? It's More business for them and it keeps the housing bust from blowing up in their faces. What economic changes would force bank to raise their rates? | It's also not in Canada's best interest to raise rates since it'll cause our currency to appreciate, our goods get more expensive and we end up losing jobs because consumers end up importing goods rather than consume locally.
The Fed wants to raise rates in early 2015. BoC won't even have the slightest interest in moving their rates until they do. Equities is still a safe haven for at least the next 3-6 months. After that, things get interesting.
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03-26-2014, 11:15 PM
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#2216 | | The Lone Wanderator
Join Date: Mar 2001 Location: Burnaby
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Originally Posted by Spartacus Noob question but Why wouldn't banks want to keep interest rates low? It's More business for them and it keeps the housing bust from blowing up in their faces. What economic changes would force bank to raise their rates? | It's funny, everyone says things like "It's in X's best interest to keep Y where it is!"
I remember in '06/'07 when the Americans were getting more freaked out that China was holding a lot of American debt. "What if they called it in all at once? Wouldn't that ruin our economy?"
"Well, it wouldn't be in their best interests, the value of their assets would depreciate too quickly."
It's funny, because the same should have applied to the subprime mortgage thing. Renegotiate some loans, extend the term, write off a hundred thousand here or there. It would have been in their best interests.
And we all know how well that turned out.
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03-27-2014, 12:40 AM
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#2217 | | 2x Variable Nockenwellen Steuerung
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Bank stocks are doing well thank you very much.. remember all these loans are backed by CMHC, banks just take a cut by selling it. Compare the worst performing listed Canadian bank say Scotia, they are doing a few multiples better than any equivalent in the US say Citibank or even Asian favorite HSBC. Quote:
Originally Posted by Carl Johnson the race to the bottom continues. so glad i'm not an investor in canadian bank stocks. | | |
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03-27-2014, 12:56 AM
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#2218 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
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Originally Posted by godwin Bank stocks are doing well thank you very much.. remember all these loans are backed by CMHC, banks just take a cut by selling it. Compare the worst performing listed Canadian bank say Scotia, they are doing a few multiples better than any equivalent in the US say Citibank or even Asian favorite HSBC. | which is stupid, b/c as you say, it is the tax payer that is ensuring good performance.
the system in canada is broken. i LOVE conservative banks, but HATE government intervention to the level we see in canada.
politicians, whether they mean to or not, ruin everything with their meddling!
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03-28-2014, 09:34 AM
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#2219 | | RS.net, helping ugly ppl have sex since 2001
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Only in Vancouver, a $600k SFH makes headlines in the news: There?s a house for sale in Vancouver for under $600,000
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03-28-2014, 10:10 AM
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#2220 | | Willing to sell a family member for a few minutes on RS
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I'm willing to bet it sells for 800k
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Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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03-28-2014, 10:38 AM
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#2221 | | I contribute to threads in the offtopic forum
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Originally Posted by sonick | the plan worked, it's in the province (i refuse to call it a newspaper) - it's just another ploy to get horny idiots salivating over a 'deal'
people are idiots.
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03-28-2014, 10:54 AM
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#2222 | | I told him no, what y'all do?
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realtors like to also list it below 'assessed value', get a ton of people to the open house, and then field multiple offers and let the ebay effect kick in.
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http://www.revscene.net/forums/showthread.php?t=611711 Quote: Greenstoner
1 rat shit ruins the whole congee
originalhypa
You cannot live the life of a whore and expect a monument to your chastity | Quote:
[22-12, 08:51]mellomandidnt think and went in straight..scrapped like a bitch
[17-09, 12:07]FastAnna glowjob
[17-09, 12:08]FastAnna I like dat
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03-28-2014, 12:11 PM
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#2223 | | I contribute to threads in the offtopic forum
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Welcome to free market. The Realtor is doing exactly what they are suppose to do though the newspaper post is tacky. It really doesn't need The Province exposure to sell for top dollar.
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03-28-2014, 02:00 PM
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#2224 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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Originally Posted by Bonka Welcome to free market. The Realtor is doing exactly what they are suppose to do though the newspaper post is tacky. It really doesn't need The Province exposure to sell for top dollar. | of course it is a free market and people can do whatever they want to do. but this story also exposes the flaws of efficient market hypothesis. if vancouver was such a normal market the seller does not have to resort to this kind of selling tactic in order to sell his or her property. assuming this houses is grossly undervalued at today's price, which we can safely say it is. there is no reason the seller has to price the house at 600k but only to generate excitement and hopefully a bidding frenzy among the buyers. greed is a powerful driver.
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03-28-2014, 07:17 PM
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#2225 | | Willing to sell a family member for a few minutes on RS
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Originally Posted by sonick | lol who would want to buy that shack?
its right on Clark and 10th with heavy truck traffic.
It Still has its original plaster walls and the whole house is probably laced with asbestos
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