Taipan at RE Talks 22 May 2011 3:21am [An Australian watching the market with the intent to buy recreational property in BC] -
“Let’s put up a few of those properties that don’t sell and where prices keep dropping:
4161 Sundance Dr, Sun Peaks. MLS 102265. Originally MLS 84210. On the market for 569 days so far. Originally listed at $1.4m. Now down to just $998,500
2314 Sunburst Dr, Sun Peaks. MLS 103294. Originally 80161. On the market for 792 days. Vendors cant sell. Originally $800,000. Now down to just $639,900.
Other examples:
MLS 78874. No change. On the market 1238 days. Price drop of $80,000 to $895,000
MLS 78860. On the maket 872 days. Originally Listed at $639,000, and with 7 price reductions to $499,000.
“BC Recreational Properties Languishing On The Market”…
Ah, then that would explain this:
[CBC] – Bear hazards increasing by Whistler highway
“Wildlife officials are concerned that black bears coming out of hibernation are showing up in alarming numbers along the Sea to Sky Highway near Whistler, B.C.”…
http://tinyurl.com/3mp2aj5
Yeah, the bears are marching in, from the periphery.
Real bears or house bears? I am one of the bears to predict the house will go down the toilet when euro debt crisis breaks out.
Or if you wanted a cheap condo, you could buy at Big White for $39k. MLS 10022421. This one has been on the market for awhile.Or pick from the other 19 for under $100k.
I was in Mexico for a fast conference in the last two days. I know Jalisco, Guerrero, Chiapas, and El DF, fairly well. Many friends. The talk was of the RE disaster befalling places like Acapulco, Zihuatanejo, Vallarta and many other places.
The Narco Wars are now a Civil War. Believe it or not, while I was there as guest of the Company – they provided me TWO armed guards – AK’s and, believe me, the double clips were loaded.
The one guy that grunted a few answers made it clear that the protection, drugs and War Industry are the only growth Industries in the Country.
Why do I bring this up? (*First trust me – avoid Mexico)
Second – Vacation property in Canada shows how far people are up their own backside.
A million bucks for something you have to truck supplies into? Gas is $1.40 a litre and won’t go down much – wanna drive 4 hours to get to another $3,000 a month debt to the Bank?
Put down the bong.
This is the truth. We are ONE shock from a global disaster. Hurricanes, Tornadoes, Japan, the the Arab Spring, 1/3 homes in the US, are unoccupied – tax revenues are cratering. Rates are going to go nuts – No jobs – US is broke and broker – so you tell me – why the heck is anyone, except the very wealthy stupid enough to waste their dwindling pile on some smelly lake outside of some small town?
DOH!
The business main stream media keeps feeding the consumerbots endless streams of bullshit about the recovery, without ever mentioning how it’s totally artificial. In the US, decreased income derived from employment has been completely replaced by government sources. 40 Million Americans are on food stamps. QE2 has artificially propped up the stock market but has caused explosive increases in commodities. After 2 X 1.5 trillion deficits, the US unemployment is still stuck at 9%… Next time there is a financial crisis in the US, the elite won’t be greeted with bailouts, but with guillotines…
lets be honest
that’s never happening in the US – 2nd amendment and all – they’ll never do it
and if they ever do, it will be a christian theocracy afterwards.
I respect your American fiscal concerns but you really need to wikipedia up John Maynard Keynes, followed up by a couple months (if not years) of Paul Krugman’s columns in the NYT.
Krugman is right behind Keynes on my dislike list. I tend to the Austrian School. Not “funny money” and ZIRP. Give me reality.
To each his own. Follow Krugman, like America has – GREAT WORK!!!