VREAA yesterday took the unusual step of removing a prior post and, in the interest of the integrity of the archived record, we thought that we’d share with readers the circumstances that led to that decision.
Recently, unknown individuals stuck posters and stickers up around downtown Vancouver that were obviously designed to warn citizens of a ‘housing bubble’. A reader at vancouvercondo.info reported these to the blogging community (29 Apr 2010). Readers know that at VREAA we are interested in stories that reflect significant activity and sentiment in the Vancouver RE market. We certainly felt that this apparent guerilla campaign was newsworthy, and, in the interest of archiving these images, we posted a note at vancouvercondo.info saying that we’d be interested in any images of this campaign. In response we received two snapshots by e-mail (one of a poster on a lamppost, another of a sticker on a realtor sign).
We posted those two images in a post here at VREAA entitled ‘Bears Take It To The Streets – “Vancouver Housing Bubble Ready To Pop!” Signs In Downtown Core’ (30 Apr 2010). In the comment section of that post, a commenter linked a 3rd image, a snapshot at ‘flickr’, and we added that to the post. A further two relevant images were found on Mike Shedlock’s (‘Mish’s’) very well know financial blog, ‘Global Economic Trend Analysis’. Also in the comment section of our post, on 2 May 2010, a commenter with the handle ‘Vigilante’ posted ‘tinypic.com’ links to what appeared to be the original images for the poster and sticker that had been used in the campaign.
Yesterday, 3 May 2010, vreaa received an e-mail from a local realtor who had initially assumed that the campaign originated from this site (VREAA) and threated legal action for “defacing company property”. In response, we immediately removed the links to the images from ‘Vigilante’s comment. In an e-mail to the realtor, we clarified that VREAA was not the source of these images nor of this campaign. In a second e-mail, the realtor claimed that “[in] displaying such vandalism on your site you are a party to promoting such activities” and requested that we “stop posting this kind of promotion of unlawful acts”. They again threatened legal action. In response to the second e-mail we took our original 30 Apr 2010 post down all together. No images related to this story are any longer available from this site.
At VREAA, we do NOT condone or encourage any actions that are unlawful, nor have we ever intended to do so. We archive stories from the Vancouver RE market, at times with commentary. Since February 2008 we have posted over 500 such anecdotes. Our readers know that we believe that the housing market is very overextended and likely to suffer a large correction. Numerous commentators are now in agreement in this regard. Even Mark Carney, the Governor of the Bank of Canada, foresees a “marked weakening in housing”. Nobody has to break the law for this to all play out in that fashion.
-vreaa (vancouver real estate anecdote archivist)
Discussion Regarding ‘VREAA Removes A Post’ – “Shall we compare the societal damage done by someone with a few stickers in his pocket to the societal damage done by a massive housing bubble?”
VREAA 6 May 2010