Damn, i bet they pay pretty well. I should start looking out for these ads

Do you think the media's being slimy? Or is the quality just low? I tend to think it's more: meet the deadline, slap it together, send it out.

Twice in one week? lol

And it certainly wasn't presented in an impartial manner lol It was like watching a fucking real estate commercial IMO lol.

At the end of the day, the real fail here is consumers failing to make informed decisions... trouble is people "trust" the news to delivers... well.. actual news lol

EDIT** So while people are waiting days in line to buy in Burnaby... downtown they are marking condo's down 34%

http://www.news1130.com/news/local/a...on-false-creek

Quite frankly props to the developer for building hype in a tenuous market. I like there style!

If anyone on here had the money or power to use the media for their own profitable gains I highly doubt that they would think twice. I know I sure as hell wouldn't!

I don't really see anything wrong with this it's just another form of advertising. It's already been said but when your making this large of a purchase you need to educate yourself on the market and what similar places are going for. If they've done their homework the line isn't going to make a difference one way or the other.

There is nothing "wrong" with it - yet it only makes the sleazy real estate market that much sleazier.

Do you think Realtors and Developers like being equated to used car salesmen? I would hope not, yet stunts like this don't help their image.

Lol the realtors can't be blamed for being sleazyballs, but the media can.

Then again the CREA clearly states on their website "A REALTOR®’s ethical obligations are based on moral integrity, competent service to clients and customers, and dedication to the interest and welfare of the public."

I would half to say that "hiring actors to stand in line" might not qualify as moral integrity.

(Yes in this case we had a "developer" who is responsible, but they are more than likely respresented by licensed realtors and this type of deception is used frequently by the industry during poor market conditions)

They are salesmen, if the shoe fits. :)

Probably why I see nothing wrong with it :fullofwin:

Bosa didn't pay people to line up. It's Bosa. The thing sold out in 5 hours.

It's realtors paying people to line up. Bosa knew it will sell out fast.

All mainlanders that bought the place.

most mainlanders that bought it are just flippers, watch in a year or 2 full of the ads for this place will pop up for sale again but at a higher price

Where did you hear this? Global news?

I'm gonng head down to Bosa and if every one of those units isn't sold I'm coming back here to call you out on your bull shit. :D

Bosa tweet: Thank you #Vancouver! We are pleased to announce that we've added 202 new members to our family of homeowners! Sovereign is Sold Out! about 7 hours ago via web

Also: http://www.globaltvbc.com/video/inde...i9T3crW4ErATrm

Bosa soverign sold out onn 1st day
is true

So JasonTurbo,

Paid actors right?

Pretty much.

I think people that stood there for the whole day got like $300 or something.

i'm sure its in bosa's best interest to keep the hype on. paid actors makes sense as it "motivates" these buyers to commit..

ever heard someone say "we have a another buyer lined up"..... a ploy to speed up the closing, which worked....

Wow I can't believe it sold out lol.

I never said it wouldn't though, you should never under estimate the ignorrance of the general population.

Oddly enough, the one news netwok to broadcast this... you guessed it.. Global News lol


EDIT**
http://vancouver.en.craigslist.ca/bn...224355942.html

Let the flipping begin!!! (I guess paying someone 300$ to stand in line beats 25k for an assigment lol)

Fuck, all of the buyers are Asians or Mainlanders.

this condo costs a ridiculous $600 sq/ft. that's comparable to a downtown condo

what's so special about it? it's located IN metrotown area.

in order to utilize the key selling feature of this property, you'd need to really like/need to be in the metrotown area a lot. this means that you either:

- work in metrotown area, and regard short travel times as an extremely valuable part of your life
- love shopping and eating out at metrotown
- combination of both

so, to all the eager buyers that plan on purchasing this property to live in it, i hope you folks really, really, really love metrotown area. because you paid practically the same cost as a condo in downtown. the only similarities between the two places are they both end in 'town'

That's retarded. My Kits condo is < $550 sq/ft, and blocks away from Jericho beach.

I'm sorry but can someone explain to me how we can confirm these people are in fact "Mainlanders"... seems to be a bit of an assumption to me.

I can see why people would be interested in pre build, you only have to come up with very little money up front, the hope for many of these people is usually that they will be able to turn around and sell these units without ever taking possesion. (At a profit of course)

The cost to secure a unit like this is minimal compared to what you can flip it for providing real estate goes up, most people think if real estate goes down you just lose your deposit but thats far from the reality. If you enter into a contractual agreement with the developer you are on the hook, you can walk away but they will go after you for any losses they suffer. On top of that, much of the time the warranties from builders are only issued to the person(s) who initially secured the condo, the warranties are rarely transferable to the new owner(s). (Quite the selling feature...)

Who knows, maybe those people made a great investment, maybe they weren't investors and just purchased their dream home in their ideal location.

I think they're all crazy. Should have just bought a condo down the street for the same/less money and been able to move in next month and sell the month after if you decide you dont like it. Good luck selling your contract to someone for one of these places in 6 months.

watched the whole vid and the it was all mainlanders inside that building except for the workers...

JT. It makes sense they are mainlanders buying most likely for investment/flipping. They don't need to move in right away and if prices go down there's no recourse in China. Hahah.

I do hate how this sh1et inflates R.E prices so normal joe blows like you and I cant afford it.

Few things why this project was sold to overwhelming demand at the $600 /sq price point

- Location (You're in the heart of Metrotown close to all the shopping, amenities and transit)
- You get so called Bosa quality (one of the better developers IMO). The project featured the higher end finishings and fixtures
- The first floor of the residential is on the 21st floor - you are guaranteed a decent view.
- It will be anchored by a well known hotel chain with shops and retail at grade.
- There is no similar comparable property or even project on the market place. A project like this given the location and price point has been long overdue.

Overall, its a great building but overhyped IMO. I really hope for whoever brought, they were buying their dream home. For the flippers, I hope we get a condo crash and you are left to overpay.

It's sad to say, that Vancouver RE buyers/investors are a pre-sale city. These suckers are contractually obligated to buy a product priced today in 4 years timeframe. You are basically betting that the price paid today will be less than what it is 4 years from now but if it goes the other way, you're screwed.