Comments on: Economic update http://www.greaterfool.ca/2009/03/01/economic-update/ Book and Weblog - Authored by Garth Turner Wed, 08 Feb 2012 19:37:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Martin http://www.greaterfool.ca/2009/03/01/economic-update/comment-page-3/#comment-22328 Martin Sun, 15 Mar 2009 16:59:26 +0000 http://www.greaterfool.ca/?p=1839#comment-22328 I live in Vancouver and I can see our Real Estate prices dropping 10 -15% this year - maybe more. I have a friend who bought a $750,000 3bdrm condo in Yaletown (downtown Vancouver) in 07 right when prices peaked. She thought she could flip it in 08 for $50,000 more. Didn't happen. She is now getting desperate and dropped her asking price down $50,000. Still no takers. She may have to go lower. Real estate prices have doubled here in the last 8yrs so I can see it plunging more rapidly here if the economy continues to deteriorate. I live in Vancouver and I can see our Real Estate prices dropping 10 -15% this year – maybe more. I have a friend who bought a $750,000 3bdrm condo in Yaletown (downtown Vancouver) in 07 right when prices peaked. She thought she could flip it in 08 for $50,000 more. Didn’t happen. She is now getting desperate and dropped her asking price down $50,000. Still no takers. She may have to go lower. Real estate prices have doubled here in the last 8yrs so I can see it plunging more rapidly here if the economy continues to deteriorate.

]]> By: Simon http://www.greaterfool.ca/2009/03/01/economic-update/comment-page-3/#comment-20781 Simon Wed, 04 Mar 2009 05:37:53 +0000 http://www.greaterfool.ca/?p=1839#comment-20781 Keeping in mind the wild swings in markets like Vancouver, Calgary, Edmonton, etc, an "average house price drop" of 15% means there'd be little or no decline in large parts of the country, right? Keeping in mind the wild swings in markets like Vancouver, Calgary, Edmonton, etc, an “average house price drop” of 15% means there’d be little or no decline in large parts of the country, right?

]]> By: Bill-Muskoka (NAM) http://www.greaterfool.ca/2009/03/01/economic-update/comment-page-3/#comment-20762 Bill-Muskoka (NAM) Wed, 04 Mar 2009 04:00:01 +0000 http://www.greaterfool.ca/?p=1839#comment-20762 #96 Jake on 03.02.09 at 5:17 pm ROFLAMO! Well, we wouldn't want that to happen! #96 Jake on 03.02.09 at 5:17 pm

ROFLAMO! Well, we wouldn’t want that to happen!

]]> By: Bill-Muskoka (NAM) http://www.greaterfool.ca/2009/03/01/economic-update/comment-page-3/#comment-20759 Bill-Muskoka (NAM) Wed, 04 Mar 2009 03:58:05 +0000 http://www.greaterfool.ca/?p=1839#comment-20759 #62 George on 03.02.09 at 11:52 am My thoughts exactly! The patient is Terminal and should be Euthanized to out it out our misery! It is an overdose of feudalism left over from the past! Time to get into the 21st Century. Maybe if Bill Shatner runs and becomes PM he can bring Gene Roddenberry's excellent no-cash society in? Couldn't hurt! #62 George on 03.02.09 at 11:52 am

My thoughts exactly! The patient is Terminal and should be Euthanized to out it out our misery! It is an overdose of feudalism left over from the past!

Time to get into the 21st Century. Maybe if Bill Shatner runs and becomes PM he can bring Gene Roddenberry’s excellent no-cash society in? Couldn’t hurt!

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