Archive for the ‘Housing Bubble’ Category

Somewhat False Advertising

Friday, January 25th, 2013

Spacious above-ground pool on perfectly manicured property…yup, The Mayor can see it now.

Caveat emptor and all that.

Hell of a nice birdbath though.

Is There A Housing Bubble In Vancouver?

Wednesday, September 15th, 2010

I suppose that depends on what your definition is of a bubble. And your definition of Vancouver. And of course, what your definition of “is” is.

Plus, in Canada, we don’t refer to anything as a “bubble”, we refer to things that are about to burst as a “Bublé”.

Courtesy of Vancouver Real Estate, let’s have a look at some of the information on these fine houses so you can decide for yourself if Vancouver is in a Bublé .

4857 Trafalgar St; 2,450 sqft; 50×119 ft lot; Built 1952
Ask Price: $1,738,000
Listed 21 Apr 2010, Days on market >141, MLS 825551

Wow, are those new windows? No wonder it’s selling for a cool $1.7 million. The Mayor wonders if appliances are included?

3641 West 14th Ave (at Alma); 2,496 sqft; 33×122 ft lot; Built 1974
Ask Price: $1,799,800

Listed 1 June 2010, Days on market >100, MLS V834521

Just a smidgen under$1.8 million bucks. There’s that old retail Jedi mind trick coming into play- always price something pennies less than the higher number. In this case, “wow, what a bargain, it’s not even $1.8 million!!”

Again, to be fair, the $1.8 million includes window treatments (curtains). I heard that term while watching one of the thousamds of decorating shows that infest our airways – if I’m not mistakes, I believe the show was called “Flip A Bird“.