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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
These people call themselves reporters and journalists... but they can't "figure out" people are being paid to stand in line hahaha. What a joke.
Quote:
Originally Posted by jasonturbo
Well what's worse...
-Media not following a fairly basic code of eithics?
-Real estate promoting false consumer sentiment? (And they call themselves professionals/advisors???)
-Consumers not taking the time to educate themselves
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.
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%
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.
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The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I donīt care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. Thatīs how winning is done. Now, if you know what you worth, go out and get what you worth. - Rocky Balboa
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 REALTORŪ’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)
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Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
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.
They are salesmen, if the shoe fits.
__________________
The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I donīt care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. Thatīs how winning is done. Now, if you know what you worth, go out and get what you worth. - Rocky Balboa
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
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.
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
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'
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.
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Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
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.
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.
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Quote:
Originally Posted by HollyZ32
you seen my pie live!
straight up nasty right right!!!!!!!!!!!!!!!!!!! lol
Quote:
Originally Posted by HollyZ32
Thats because you end up getting creepy pie like mine that makes you not want to eat it hha ...thats why its cheap ...
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'
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.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
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