Guerrilla Advertising On reddit? – “Just moved here, and have been renting a place for 4 months. My wife and kids (3 boys) are now coming to live here with me. I need to buy a home.”

“Just moved here, and have been renting a place for 4 months. My wife and kids (3 boys) are now coming to live here with me. I need to buy a home. I have a $800,000-$900,000 budget. I work in downtown. What are some good, safe, and clean neighborhoods I could live in? A place where my dollar will go far and my kids could grow up.
Any good neighborhood in the GVRD would be good.
Please tell me what neighborhoods you would recommend,
Thanks”

– thread at reddit.com ‘Need to Buy a Home in Vancouver’ started by ‘MiamiToIbiza’, 3 Oct 2011. [hat-tip matt at VREAA]

A discussion ensues, with bubble/no-bubble exchanges.
Through the discussion ‘MiamiToIbiza’ elaborates as follows:
“Coming up with a $1,000,000, is really difficult. I’m Only 32 years old, and banks consider me a risk at for a million, but I have approval for $750,000 loan. I plan on putting $150,000 in my self, I can’t afford to put in $250,000.”
“Looking for 2-3 bedroom +2-3 bath, at least 3000sqf home.”
“I may have my parents come and live with me.”
“I don’t think I’ll be buying in the proper City of Vancouver area.”
“I don’t think were in a bubble, we are very stable. Vancouver is Port City, a gateway city for people and goods.”
“I’ve been looking at Fraser heights, It seems really nice, I’m putting an offer on this home: http://www.cotala.com/1648 . THANKS FOR THE HELP VANCOUVER”


Gee, this guy went from asking an initial very open exploratory question about which area of the city to consider living in, to putting in an offer on a specific home, all in the space of 24 hours??
If we were in any way cynical, it’d occur to us that this reddit post just may have been a bit of guerilla advertising by a realtor or seller. But, no, Vancouver RE gets people to do crazy things, right?
The only three other posts on reddit from ‘MiamiToIbiza’, all in the last 24 hours, criticize teachers, Alberta and Winnipeg.
And another post thread started by ‘MiamiToIbiza’, also on 3 Oct 2011,   just hours after the first, reads:

“I bought a home
Got a home in Fraser Heights, everything is now getting finalized.
HOUSE: http://www.cotala.com/1648
It was slightly hire
[sic] then [sic] my budget but I’m happy. (Parents put in some money, THANK YOU MOM AND DAD)
Let me know what you think of the home”
.

Yep, we’d say it’s fair to conclude that this is guerilla advertising.
(Anyone who knows otherwise, please let us know).
The market is deteriorating.
Are Vancouver sellers and realtors becoming desperate?
Oh, and what does the BCREA have to say about this kind of advertising?
– vreaa

18 responses to “Guerrilla Advertising On reddit? – “Just moved here, and have been renting a place for 4 months. My wife and kids (3 boys) are now coming to live here with me. I need to buy a home.”

  1. The post is suspicious… Dude says he “just” moved here yet calls Metro Vancouver by it’s old name, GVRD… Since the municipalities changed the name last year, GVRD hasn’t really been used. I smell a real estate rat…

  2. Now thinking about it, I think this guy was advertising his website. I’ve never heard about cotala.com, and all the links he posted were linking to this website. Somebody who is really serious about buying a house would more likely look at mls.ca IMO.
    Maybe I’m wrong, but I’m also very suspicious…

  3. Looking for a 2-3brm at least 3000sf?
    2 bedrooms for a family of 5? Three of them boys no less! I can see that working swell. Add his parents and I can see this being the ultimate recipe for happy families. What a lot of BS.

  4. All he needed to do was open CL and do a fast search in the real estate section. I am pretty sure he could buy a house with in 24 hours there…

    I smell a troll who has/had other motives and the whole story reeks of BS.

  5. reading your comments is a good reminder of how not to think.

    Here’s an excerp from “Rich Dad, poor Dad” which is perfect to describe many of your attitudes:

    …for example, one dad had a habit of saying, “I can’t afford it.” The other dad forbade those words to be used. He insisted I say, “How can
    I afford it?” One is a statement, and the other is a question. One lets you off the hook, and the other forces you to think. My soon-to-be-rich dad would explain that by automatically saying the words “I can’t afford it,” your brain stops working. By asking the question “How can I afford it?” your brain is
    put to work. He did not mean buy everything you wanted. He was fanatical about exercising your mind, the most powerful computer in the world. “My brain gets stronger every day because I exercise it. The stronger it gets, the more money I can make.” He believed that automatically saying “I can’t
    afford it” was a sign of mental laziness.
    Although both dads worked hard, I noticed that one dad had a habit of putting his brain to sleep when it came to money matters, and the other had a habit of exercising his brain. The long-term result was that one dad grew stronger financially and the other grew weaker. It is not much different
    from a person who goes to the gym to exercise on a regular basis versus someone who sits on the couch watching television. Proper physical exercise increases your chances for health, and proper mental exercise increases your chances for wealth. Laziness decreases both health and wealth.
    My two dads had opposing attitudes in thought. One dad thought that the rich should pay more in taxes to take care of those less fortunate. The other said, “Taxes punish those who produce and reward those who don’t produce.”
    One dad recommended, “Study hard so you can find a good company to work for.” The other recommended, “Study hard so you can find a good company to buy.” One dad said, “The reason I’m not rich is because I have you kids.” The other said, “The reason I must be rich is because I have you kids.”
    One encouraged talking about money and business at the dinner ,table. The other forbade the subject of money to be discussed over a meal.
    One said, “When it comes to money, play it safe, don’t take risks.” The other said, “Learn to manage risk.” One believed, “Our home is our largest investment and our greatest asset.” The other believed, “My house is a liability, and if your house is your largest investment, you’re in trouble.” http://www.changeagent101.com/lib/richdad.pdf

    • Aldus Huxtable

      Oh you don’t seriously believe that Rich Dad Poor Dad garbage do you? Kiyosaki is the one getting rich off of selling his tapes, books and cds. Here’s some more info on his background and the advice given in his books:

      “Kiyosaki is a salesman and a motivational speaker. He has no financial expertise and won’t disclose his supposed real estate or other investment success.

      Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice.”

      Also lines of his such as:
      “If you’re gonna go broke, go broke big”

      http://www.johntreed.com/Kiyosaki.html

      • Royce McCutcheon

        Uh-huh. You really think every single person who posts here hasn’t repeatedly asked themselves “how can I afford it” question?

        I know EXACTLY how I can afford a reasonable place in Vancouver for my family: put about 2/3 of my take home pay towards the mortgage payments, taxes, and upkeep; stop accumulating savings/investments of any other kind; and ignore the reality that I can rent an equivalent space for less than half the cost. THAT is how I can afford it.

        “Learn to manage risk”? Goddamn right!

        Keep on keepin’ on with your inanity, but do us all a favor Rollie/ Rusty/ eyesthebye/ whatever: pick one freakin’ handle, you child.

      • Royce McCutcheon

        @Aldus – sorry, that was @Rusty… er… @Rollie. Whatever.

  6. Do you really believe the “rich dad BS”? It is a scam from the start. almost as bad as the “Ozzy Jurrock” pay $700.00 to attend our “get rich workshops” and learn how to invest in old dilapidated homes. (he never tells you about the insider trading though)

    http://www.cbc.ca/marketplace/2010/road_to_rich_dad/main.html

    Who’s getting rich off Rich Dad?

  7. Robert Kiyosaki is an idiot who has gone bankrupt. If he’s rich it’s not through business it’s through being a best selling author of Rich Dad which he did’t even write.

    Let’s compare his idiotic advice of positive thinking clap trap to the thinking of say Warren Buffet, a guy who is a multi billionaire.

    “I like to shoot fish in a barrel, after the water has run out” who lives in the same house he’s lived in for the last 50 years.

    The only good thing I have to say about Robert Kiyosaki is that his books are easy to read which is good considering the low intellect required to believe any of the crap his ghost author wrote.

  8. Rollie/RichDad: 0
    Aldus/Royce/kc/Rachelle: 4

  9. Hold on, is it the Rich Dad who’s saying “My house is a liability, and if your house is your largest investment, you’re in trouble.”? How does that go for your bull argument about Van housing??

    • Great pick up, space889. Wonderful stuff.
      Kiyosaki is, indeed, on record as writing:
      “Poor Dad believed, “Our home is our largest investment and our greatest asset.” Rich Dad believed, “My house is a liability, and if your house is your largest investment, you’re in trouble.”


      Here’s more from Kiyosaki:
      “My rich dad always referred to himself as rich. He would say things like, “I’m a rich man, and rich people don’t do this.” Even when he was flat broke after a major financial setback, he continued to refer to himself as a rich man.”
      [Some call this ‘Rich’; realists call it ‘Deluded’. Follow ‘Rich Dad’ at your peril.]

      • Realists call it “Lying”. Follow “Rich Peoples'” advice at your peril… It’s usually self-interested.

      • That’s hilariious! Completely backwards on the story and still used to shamelessly promote the buy real estate at all costs position. Just like the pump and dump stock tipsters that eventually find themselves in jail or falling out of helicopters. At least I can now be sure Vancouver’s RE bubble has finally popped.

  10. Fraser Heights Agent

    Hello, I just found this site when I googled Fraser Heights. Coincidently I am the agent that had the listing as referred to in the post i’ve quoted below. This home was actually purchased by a middle aged Korean realtor that was moving from the UBC area. Regarding Cotalla, that is the name of the virtual tour company that does my photos and video for me- and tons of others agents in the Fraser Valley. They do the pics, the 360 tours, make up the feature sheets and post the tour on Youtube. That is it. I can’t imagine they would have the time or interest in submitting to blogs as a way of marketing their company. I think you’ve been successfully trolled. Cheers
    “I bought a home
    Got a home in Fraser Heights, everything is now getting finalized.
    HOUSE: http://www.cotala.com/1648
    It was slightly hire [sic] then [sic] my budget but I’m happy. (Parents put in some money, THANK YOU MOM AND DAD)
    Let me know what you think of the home”.

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