4444 W 15th Ave, Vancouver (Point Grey)
2,401sqft SFH, built 2001, 33ft x 123ft lot
Ask price: $2,698,000
Noted here for:
1. Benchmark price of standard size newer build, on standard lot
2. Ballsy use of 4444 street number
Any readers with prior sales history? – ed.
I wish they had listed it at $2.888M. That would be like matter and anti-matter colliding.
Portfolio Strategy & Quantitative Research
‘Twist’ targets housing — Ed Sollbach (Desjardins Capital Markets)
We believe the Fed is making the right move by targeting housing. US 30-year mortgage rates were at a record low 4.09% even before yesterday’s plunge in bond yields, so they are likely to fall to well below 4%. Consumers with mortgages and good credit ratings should be able to refinance and benefit from lower monthly mortgage payments.
However, the main goal is to try to persuade some of the 43m US renters to buy a home. US rents continue to climb by 2-4% per year. Combined with record low mortgage rates (see chart), the ‘average’ mortgage payment for the average US home is now about 15% lower than the average rent payment for a three-bedroom apartment, even though the average US home price has appreciated 11% over the last five months. Our buy/rent ratio, which compares the average mortgage payment to the average US three-bedroom rent payment, is now 0.86 compared with more than 1.80 when US home prices were peaking in 2006. In contrast, the average Canadian home sold for C$361,000 in July–approximately twice the US$174,000 average in the US–and the buy/rent ratio is more than 2.0, implying it is twice as expensive to buy vs rent in Canada
That address is racist.
How can an address be racist? It’s numbers.
racist…cuz the homeowners may have known an oriental with superstitous belief wont buy that property…4 almost sounds like death in their language.
which kind of defeats the purpose of selling at 2.7M since its that race who has the most money to launder…hehehe
“That address is racist.” Now, *that’s* funny.
Calling a market top right here.
I call the top already past — the owner and realtor for this one just don’t know it yet.
I Googled that addresss, with an arbitrary date range ending it 2008. Found one site where it appeared to have been listed at $879,000 and sold at $860,000 in July of 2001. That, I’m afraid, is as far as my resources go.
Thanks, Gord.
So, an increase in price of 213.7% in 10 years, for a compound annual rate of 12.1%, at a time when headline inflation averaged about 2.1%.
That *is* a ballsy use of the number 4. Not only is a four present in the street number, but it’s got four fours!
石室詩士施氏，嗜獅，誓食十獅。
氏時時適市視獅。
十時，適十獅適市。
是時，適施氏適市。
氏視是十獅，恃矢勢，使是十獅逝世。
氏拾是十獅屍，適石室。
石室濕，氏使侍拭石室。
石室拭，氏始試食是十獅。
食時，始識是十獅，實十石獅屍。
試釋是事
Tomorrow and tomorrow and tomorrow,
Creeps in this petty pace from day to day
To the last syllable of recorded time,
And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!
Life’s but a walking shadow, a poor player
That struts and frets his hour upon the stage
And then is heard no more: it is a tale
Told by an idiot, full of sound and fury,
Signifying nothing.”
I eventually found a translation of the Lion-Eating Poet poem that made sense & gave context, but the original Google Translate was sort of brilliant in its surrealism. My favorite badly translated line:
“Lion’s view a decade, relies on the vector potential, so that is ten lions died.”
Relies on the vector potential, indeed.
oh i get it now, this is a “peter piper picked a pair of pickled pepper” type poem…not a Shakespear type poem.
Interesting food for thought about recent flips solicited for sale. If a seller is short USD he may now actually be losing money, even with higher CAD-denominated prices.
My thoughts exactly, today, jesse.
Holders of Vancouver property thinking about value in USD terms are down 5% in about five weeks.
We’ve previously noted that a deflationary wave would together affect commodities, the loonie, stocks, and Vancouver RE.