Wow, what a great video, it sums up the Vancouver real estate market quite well. I wonder, when prices crash why isn't there a flood of buyers then to reduce the drop? Similarly, when it goes high why aren't there more sellers trying to take profits which would stop the market from going so high? That would even out the extremes and keep the market stable, much like how a governor keeps the speed of an engine stable by giving it more power when too slow and less when it goes too fast.
IT RAINS HERE 24/7. ITS COLD (WARMER THAN THE REST OF CANADA). WHY GO IN DEBT FOR SOMETHING SO OVERRATED AS PROPERTY? ISNT THERE MORE TO LIFE THAN BEING MORTGAGED UP THE ASS? MEANING TO LIFE DOESNT COME THROUGH A $1,000,000 MORTGAGE. ID SAY PEOPLE ARE BETTER OFF TO IMMIGRATE TO A DIFFERENT COUNTRY THATS BETTER THAN CANADA ALTOGETHER. PEOPLE ARE BRAINWASHED. WAKE UP. THE WORLDS A BIG PLACE. BUY A HOUSE SOMEWHERE BETTER; IT DOES EXIST!!!
@lee0122333 I know, I can't stand people dying to buy these small, old, roughly-treated homes in Toronto for like $800,000 when you could get a freaking gorgeous 3500 sq.ft like-new home just 25 minutes out. WAKE UP PEOPLE.
@IllxllI Well, I think it's idiotic to pay that much for a house....but I think it's even more idiotic to buy a 3500 square foot suburban shit-hole that you can't leave unless you are in a car.
@fatmaggi suburban shit-hole? How is it that, if it looks way better/cleaner/more natural than the city? And everything is reached by cars nowadays. If you are buying a home so you could walk to work and groceries, I consider that idiotic. Who the hell would mind driving 20 mins to work vs. 5 min to walk. Cmon. Really?
@IllxllI I did buy a house to walk to work and groceries. I save 700 dollars a month by being a one car family. There are beautiful mature trees where I live, beautiful old houses with real brick work, a lovely river is a block from my 100 year old house. It takes me 10 minutes to walk to work. I'm healthier for it. Your claim that it's either a 20 minute drive vs. 5 minute walk IS idiotic. Many commute for an hour or more. It's best if you stay in the burbs. You don't get it.
@fatmaggi I see where you're coming from, the natural way of getting things done. It is a good way to live life. But, I don't think its worth living in a 100 year old home vs. a 1 year home, a 2000 sq.ft home vs. a 3500 sq.ft home, brand new stuff (no problems) vs. old things, and a car for getting anywhere I need. On top of that, that 700 dollars I spend extra is way less than what you paid for your home relative to mine. And in these 'burbs' there are also rivers, lakes, trees, farms as well.
@IllxllI Some people prefer a 100 year old home. No offence, I'm sure your house is nice and all, but yours won't be around in 100 years. They're made for 50 years nowadays...unless you got some super sweet custom deal. Old house people vs. new house people....2 different breeds I'd say. I also think 3500 sq ft. is probably more than most need. More to clean, pay for, heat, cool, fix....My house is 1400 sq ft. Cheap, beautiful and built to last.
@fatmaggi Yes but dude face it, no one will live in a home for 100 years, heck even 20 years. We usually max out at around 10 years and switch out. We came from a 1700 Sq.ft home, finding it was not enough for a family of four, and wanted something bigger for guests and ourselves. 1400 would be a bit on the small side esp. for 4 people. Yes 3500 is more than most people need. 2300-2700 sq. ft would be optimal though.
The real issue will be employment which directly relates to debt serviceability. Once enough people can no longer pay their mortgages and sufficient numbers are underwater there will be a massive pull back in pricing and the market will crash. Employment is chugging along to a certain degree but look for things to change.
1) A reasonable change to the market will come about when the mainland Chinese decide to go elsewhere. 15% adjustment forseeable. 2) a major change in the market ( 25% - 35%) will only occur with a natural disaster like an earthquake, or the major threat of one. otherwise, demand will continue to outstrip supply via net-in migration (from all areas) births> deaths, etc. Believe me kiddies, even a global monetary meltdown couldnt put the brakes on this market. great place to live.
real estate in vancouver is going to keep increasing. believe me by 2020 - 2050 it'll be double! vancouver is a hot hot market. i consider it "WEST COAST LUXURY" in canada. look at the geography of canada, vancouver is the place to be,great community,government,and weather. #1 city in the world. Vancouver houses sell in less than a month with a over a dozen buyers interested. Foreign buyers from asia have money. A 1BR condo in those countries is 1million so its relatively cheap for them here.
And...if you are NOT from Asia? If you are from Vancouver trying to buy a house that foreign money is pushing through the roof? I mean Vancouver is in North America, Vancouver is coastal but NOT, NOT exactly land-locked if you look at the map of the lower mainland. You are describing importation of the housing bubble that has China in its grip. Yes, you may have a 'million' dollar condo, but Canada is not making many 'million dollar' JOBS!
My "predictions" for the Canadian real estate bubble:
4. The real estate market in Canada will finally begin its collapse suddenly . . . mimicking the real estate crash of the U.S. that began in late 2008. Over heated markets like Vancouver will suffer the most as the average house price there is around $1 million Canadian. The average homeowner in Vancouver is spending about 70% of its BEFORE-tax income on paying mortgages . . .
@no2foreclosures Sounds like an interesting prediction. Is there a way to short some Index, similar to Case-Shiller for Vancouver? Have you put your own money where your mouth is?
@siguc I don't know about shorting some index. Well, let's say that I have definitely profited from my knowledge. To wit, I bought a house in Santa Rosa, CA in 2003 for 405, and I realized that we were in a housing bubble in CA in 2005. Sold that house in 2006 for 510 in 2006. And that house is now worth less than 290 according to zillow.com. Did the same thing in CO.
The only issue i take with this interesting portrayal of our market is the absence of
the roller coaster for tenants. I mean, as a property owner you are building equity. If your intention is to live in the house for 10 or more years you leave with money in your account. If you are a tenant you pack your shit and go - you take with you exactly what you brought with you...undies, tooth brush and clothing. You NEVER advance in Vancouver that way.
...also, with all the reno-victions going on you will be marketted out of the core in 10 years anyway. As a tenant you'd be living in Surrey or Abbotsford because everywhere you look the prices continue to climb upwards.
$150,000 condo = $500 per month mortgage. A tenant would pay more and in fact would be paying all of the mortgage. Question is, why the HELL are you still a tenant??
My fav place to live in greater vancouver area is richmond. its close to airport, just beside vancouver not far for downtown. safe neighbourhoods. used to be undervalued but somehow the price went up 200% these couple year. mainlanders chinese capitalists(used to be poor communists 20-30 years ago) are buffing the price in richmond.
Vancouver real estate will plummet in due cost. We will experience a 50+% reduction of prices! There are sources at work that will cause real panic and they will sell before it gets worst. Forget about China buying up real estate..they will self- destruct in time.. Now is the time to sell real estate if you own them and use the funds to buy gold. I see a dark time coming very soon! Your $900,000 home will only be worth $450,000 or less! Mark my words.
I seen it coming 20 years ago! Hong Kong remember! It's Vancouver, even if you want to come back there is no future to be a land owner in a life time. Those dreams went away back then! God help us but praying won't. Welcome to Lotus Land?
Glad to be off this train.. Watch out not only for price surges and plummets but also for poorly built condos that end up being "leakers" or without enough insulation between floors resulting in way too much noise from above and below like at Comox St and Broughton St.
i like the part in the end about how it hurts families, it doesnt just hurt them, it rips them apart. if the prices of other things went up like real estate went up in the last seven years people would lose it, i almost got suckered in myself, now i am just going to wait because to buy now would simply be too risky...now I will just wait for the real estate bubble cult zombies to start slamming my comment...comon, I see you hiding under the rubble of that century 21 building...
actually, if you bought in any year since 1975 and hung on, it did go up !so what is the point? We have masses of cash coming in- allowed to invest from foreigners whose countries economies are unstable or corrupt, until that changes it will keep going. the bubble is just pricing out local families
@munimula1999 really I think you should talk the the neighbors down south. The Japanese real estate owners, European real estate owners that bought in the last couple years.
@flota720 - where is down south, do you mean seattle? what makes you think we'll see the same thing in Vancouver? i'm not familar with what happened in Japan or Europe real estate markets a few years ago. Were people agreeeing to mortgages for more than they could afford?
@munimula1999 - only someone who COMPLETELY missed the point of the ending would post a condescending response like that. the end of the video was a warning for prospective buyers and people ill prepared for the financial commitment; real estate is always a good investment, if you are in it for the long haul and you can afford it.
Excellent graphics. I enjoyed the slogans associated with speculative bubbles: "buy it or be priced out forever". Also it was good to see inflation adjusted figures.
For a single family home, detached, Vancouver's median price to median income ratio is pushing 11x. Vancouver's long-run norm is about 4x. When interest rates rise and CMHC is forced to tighten, prices will return to 4x. Vancouver is screwed. As is Victoria and Toronto and to a lesser degree, Calgary and Edmonton.
Great visual! What strange confluence of events, or what conspiracy of dark forces, has brought this world class bubble to Vancouver? That's what I'd like to know. I look around at the people talking about decorating their new condos, and I am saddened when I see some of them, because I know from the other things they say and from the way they look that they are going to run into trouble.
Whoa this stuff is getting me dizzy
RollerCoasterKid2005 2 weeks ago
Wow, what a great video, it sums up the Vancouver real estate market quite well. I wonder, when prices crash why isn't there a flood of buyers then to reduce the drop? Similarly, when it goes high why aren't there more sellers trying to take profits which would stop the market from going so high? That would even out the extremes and keep the market stable, much like how a governor keeps the speed of an engine stable by giving it more power when too slow and less when it goes too fast.
Abitibidoug 1 month ago
IT RAINS HERE 24/7. ITS COLD (WARMER THAN THE REST OF CANADA). WHY GO IN DEBT FOR SOMETHING SO OVERRATED AS PROPERTY? ISNT THERE MORE TO LIFE THAN BEING MORTGAGED UP THE ASS? MEANING TO LIFE DOESNT COME THROUGH A $1,000,000 MORTGAGE. ID SAY PEOPLE ARE BETTER OFF TO IMMIGRATE TO A DIFFERENT COUNTRY THATS BETTER THAN CANADA ALTOGETHER. PEOPLE ARE BRAINWASHED. WAKE UP. THE WORLDS A BIG PLACE. BUY A HOUSE SOMEWHERE BETTER; IT DOES EXIST!!!
lee0122333 1 month ago 2
@lee0122333 I know, I can't stand people dying to buy these small, old, roughly-treated homes in Toronto for like $800,000 when you could get a freaking gorgeous 3500 sq.ft like-new home just 25 minutes out. WAKE UP PEOPLE.
IllxllI 1 month ago
@IllxllI Well, I think it's idiotic to pay that much for a house....but I think it's even more idiotic to buy a 3500 square foot suburban shit-hole that you can't leave unless you are in a car.
fatmaggi 1 month ago
@fatmaggi suburban shit-hole? How is it that, if it looks way better/cleaner/more natural than the city? And everything is reached by cars nowadays. If you are buying a home so you could walk to work and groceries, I consider that idiotic. Who the hell would mind driving 20 mins to work vs. 5 min to walk. Cmon. Really?
IllxllI 1 month ago
@IllxllI I did buy a house to walk to work and groceries. I save 700 dollars a month by being a one car family. There are beautiful mature trees where I live, beautiful old houses with real brick work, a lovely river is a block from my 100 year old house. It takes me 10 minutes to walk to work. I'm healthier for it. Your claim that it's either a 20 minute drive vs. 5 minute walk IS idiotic. Many commute for an hour or more. It's best if you stay in the burbs. You don't get it.
fatmaggi 3 weeks ago
@fatmaggi I see where you're coming from, the natural way of getting things done. It is a good way to live life. But, I don't think its worth living in a 100 year old home vs. a 1 year home, a 2000 sq.ft home vs. a 3500 sq.ft home, brand new stuff (no problems) vs. old things, and a car for getting anywhere I need. On top of that, that 700 dollars I spend extra is way less than what you paid for your home relative to mine. And in these 'burbs' there are also rivers, lakes, trees, farms as well.
IllxllI 3 weeks ago
@IllxllI Some people prefer a 100 year old home. No offence, I'm sure your house is nice and all, but yours won't be around in 100 years. They're made for 50 years nowadays...unless you got some super sweet custom deal. Old house people vs. new house people....2 different breeds I'd say. I also think 3500 sq ft. is probably more than most need. More to clean, pay for, heat, cool, fix....My house is 1400 sq ft. Cheap, beautiful and built to last.
fatmaggi 3 weeks ago
@fatmaggi Yes but dude face it, no one will live in a home for 100 years, heck even 20 years. We usually max out at around 10 years and switch out. We came from a 1700 Sq.ft home, finding it was not enough for a family of four, and wanted something bigger for guests and ourselves. 1400 would be a bit on the small side esp. for 4 people. Yes 3500 is more than most people need. 2300-2700 sq. ft would be optimal though.
IllxllI 3 weeks ago
The real issue will be employment which directly relates to debt serviceability. Once enough people can no longer pay their mortgages and sufficient numbers are underwater there will be a massive pull back in pricing and the market will crash. Employment is chugging along to a certain degree but look for things to change.
Gromitdog1 1 month ago
did the rise and fall of the real estate market on this roller coaster actually happened?
iampeeay01 1 month ago
Hey that was the best "virtual roller coaster" ride ive had on youtube so far!! Lol! Vote up if you agree!
Fierysaint1 2 months ago 6
Is that a real roller coaster!? :o
LoveLifeWithASmile 2 months ago
@LoveLifeWithASmile obviously not xD
godessshannon 1 month ago
who needs to spend money when u got a roller coaster rite here
all u nedd is a massage chair tht vibrates to
liciandtati 3 months ago
great idea! also shows that great ideas arent as great as they seem in your head. am off to take some dramamine and throw up now
chimayai 3 months ago
1) A reasonable change to the market will come about when the mainland Chinese decide to go elsewhere. 15% adjustment forseeable. 2) a major change in the market ( 25% - 35%) will only occur with a natural disaster like an earthquake, or the major threat of one. otherwise, demand will continue to outstrip supply via net-in migration (from all areas) births> deaths, etc. Believe me kiddies, even a global monetary meltdown couldnt put the brakes on this market. great place to live.
iqmygift2u 4 months ago
That looks like a boring as ride
Rasbutin7000 4 months ago
errr according to your roller coaster there was a big dip in 2009? I don't recall that.
1q3er5 6 months ago
I like the ending :)
johnnyboii96 6 months ago
the objekt are good. the coaster is bad
SuperChecker22 7 months ago
Powerful, sobering piece! By no means is fantasy price escalation isolated to the Vancouver market.
jse11111 7 months ago
it's realy cool when it falls, if you're not a investor, of course..
hthais 7 months ago
very cool video...do yo do this on all of them?
capecoralrealestate1 7 months ago
help me...
ILENILE 7 months ago
awesome presentation
cswildmanlive 7 months ago
That's looks soooooooo cool!
neffboy747 7 months ago
Thatd be fun!lol :D
devinlentz1021 7 months ago
Hey! I saw my birth year!
XxTreetailxX 8 months ago
@XxTreetailxX what year
lockandkey101 7 months ago
@lockandkey101 1992
XxTreetailxX 7 months ago
its scary on full screen with headphones
rockatress 8 months ago
real estate in vancouver is going to keep increasing. believe me by 2020 - 2050 it'll be double! vancouver is a hot hot market. i consider it "WEST COAST LUXURY" in canada. look at the geography of canada, vancouver is the place to be,great community,government,and weather. #1 city in the world. Vancouver houses sell in less than a month with a over a dozen buyers interested. Foreign buyers from asia have money. A 1BR condo in those countries is 1million so its relatively cheap for them here.
snguyenn 8 months ago
@snguyenn
And...if you are NOT from Asia? If you are from Vancouver trying to buy a house that foreign money is pushing through the roof? I mean Vancouver is in North America, Vancouver is coastal but NOT, NOT exactly land-locked if you look at the map of the lower mainland. You are describing importation of the housing bubble that has China in its grip. Yes, you may have a 'million' dollar condo, but Canada is not making many 'million dollar' JOBS!
ferroxian 7 months ago
seems painful!!!
rollercoasterzcrazy 8 months ago
Fuckin A man! Give a disclaimer that everyone dies on this thing... It sneaks up on you when your watching this high
LedHendrix408 8 months ago
they went in he water
BarbieRock98 8 months ago
This has been flagged as spam show
best coaster marketing i have ever seen!!!!!
maddierox1997 8 months ago
best coaster marketing i have ever seen!!!!!
maddierox1997 8 months ago
retarded
ninjatacotrucks 8 months ago
Comment removed
Mgirl107 8 months ago
Comment removed
ninjatacotrucks 8 months ago
@ninjatacotrucks sorri i was acting stupid..lol :/ i alredi deleted it
Mgirl107 8 months ago
@Mgirl107 hey what was the comment i frgot bcuz i have been gone a week
ninjatacotrucks 8 months ago
Comment removed
Mgirl107 8 months ago
That's one shitty rollercoaster... but an informative and awesome video!
CaptianComment 8 months ago
When does this ride open?
bigzbert 8 months ago
1:07-1:09 ow that would kill .. ow ow ow ow ow .. smashed spine, feet implanted into face, etc.
MrStimpy77 8 months ago
HEY I WOULD RIDE THIS ROLLERCOASTER...
iluvcheez432 8 months ago
very brilliant!
ellieb1961 8 months ago
17 PPL SAW THEIR LIFE FLASH RIGHT BEFORE THEIR EYES B4 IT HIT THE WATER LOL!!!
hudsonvalleyguy313 9 months ago
This has been flagged as spam show
Enjoyed the video. Thank You!
Checkout my channel if you're interested in latest real estate news, tips and more
VegasRealEstateBlog 10 months ago
This is an awesome video!!!
My "predictions" for the Canadian real estate bubble:
4. The real estate market in Canada will finally begin its collapse suddenly . . . mimicking the real estate crash of the U.S. that began in late 2008. Over heated markets like Vancouver will suffer the most as the average house price there is around $1 million Canadian. The average homeowner in Vancouver is spending about 70% of its BEFORE-tax income on paying mortgages . . .
rense.com/general92/stdr.htm
no2foreclosures 10 months ago
@no2foreclosures Sounds like an interesting prediction. Is there a way to short some Index, similar to Case-Shiller for Vancouver? Have you put your own money where your mouth is?
siguc 10 months ago
@siguc I don't know about shorting some index. Well, let's say that I have definitely profited from my knowledge. To wit, I bought a house in Santa Rosa, CA in 2003 for 405, and I realized that we were in a housing bubble in CA in 2005. Sold that house in 2006 for 510 in 2006. And that house is now worth less than 290 according to zillow.com. Did the same thing in CO.
no2foreclosures 10 months ago
Great metaphor. Really helps to put things into perspective
rojayart 10 months ago
The only issue i take with this interesting portrayal of our market is the absence of
the roller coaster for tenants. I mean, as a property owner you are building equity. If your intention is to live in the house for 10 or more years you leave with money in your account. If you are a tenant you pack your shit and go - you take with you exactly what you brought with you...undies, tooth brush and clothing. You NEVER advance in Vancouver that way.
civicnation4two 10 months ago
...also, with all the reno-victions going on you will be marketted out of the core in 10 years anyway. As a tenant you'd be living in Surrey or Abbotsford because everywhere you look the prices continue to climb upwards.
$150,000 condo = $500 per month mortgage. A tenant would pay more and in fact would be paying all of the mortgage. Question is, why the HELL are you still a tenant??
civicnation4two 10 months ago
@civicnation4two 1: Where the heck in Vancouver are you finding a condo for 150 K?
2: Do you honestly believe interest rates are going to stay at historic lows forever?
When the average family can't even come close to affording the average home, a correction is coming.
nathanfairbairn 9 months ago
is this a real roller coaster i dont think it is because roller coasters do not go in the water but good lie
rockstar41203 10 months ago
Somehow, I knew the coaster was going to crash at the end.
GardeBlaze 11 months ago
Ow... Ow... Ow... ARGH MY BACK!
DIMATIF 11 months ago
Loved this video. One of the best I have seen for graphs. Living in Vancvouver this reminds me of the old wooden PNE roller coaster.
fixitsecrets 11 months ago
but prices are still going up so???????????
doald 11 months ago
How is a video like this make, what software ?
sliceandice2 11 months ago
please make another one for march 2011!!!
ProfessorWikipedia 11 months ago
1:09 ya right...
Chipsandmayonaise 11 months ago
that's awesome.
stinknay 1 year ago
What an incredible illustration! :) Thanks for the lesson.
BaybNJoe 1 year ago
under water roller coaster a real stopper what are you trying to do drown the people on it or excite them
436543 1 year ago
that was very great
Gunsnaroses82 1 year ago
If they actually made a roller-coaster like that, I'd probably die of a heart attack.
CokedUpPuppy 1 year ago
soo cool
Sharonstar16 1 year ago
WOAAAAH THIS IS REALY EXITING AND COOL!
ThePootisMan 1 year ago
so amazing. if it were real i would pee my pants.
sarasparklestonight 1 year ago
I toronto next
flagship21 1 year ago
13 ppl just bought houses in Vancouver 8-)
MrOptimystic 1 year ago
My fav place to live in greater vancouver area is richmond. its close to airport, just beside vancouver not far for downtown. safe neighbourhoods. used to be undervalued but somehow the price went up 200% these couple year. mainlanders chinese capitalists(used to be poor communists 20-30 years ago) are buffing the price in richmond.
eternalobi 1 year ago
wooooooO!
StageBoy13 1 year ago
I am assuming some people watched this while stoned, especially the ending, lol.
Edifice06 1 year ago
y Ale później umarliśmy :P
Rafek8910 1 year ago
also since vancouver is over due for a earthquake. this city will most likely be under water... great vid
imjus1guy 1 year ago
the end scared me :)
br1ns4n 1 year ago
Vancouver real estate will plummet in due cost. We will experience a 50+% reduction of prices! There are sources at work that will cause real panic and they will sell before it gets worst. Forget about China buying up real estate..they will self- destruct in time.. Now is the time to sell real estate if you own them and use the funds to buy gold. I see a dark time coming very soon! Your $900,000 home will only be worth $450,000 or less! Mark my words.
bigtim50 1 year ago
Baby boomers hate their kids and have destroyed our future with this housing manipulation. A revolutionary generational war is our only imperative.
MegaAvalonn 1 year ago
I really appreciate the idea of presenting real estate ideas to a roller coaster concept. Nice Video!
spectrum0590 1 year ago
I'm surprised the water part wasn't 2012 :D
TheEwonProductions 1 year ago
This has been flagged as spam show
@9234The WHAT THE HELL ARE YOU SAYING!???????
CoolioJoe100 1 year ago
Such a No Limits -rape. :(
el060248 1 year ago 11
I seen it coming 20 years ago! Hong Kong remember! It's Vancouver, even if you want to come back there is no future to be a land owner in a life time. Those dreams went away back then! God help us but praying won't. Welcome to Lotus Land?
lockerjesse11 1 year ago
@lockerjesse11 ahhh you dont know wtf ur talking about there mr
cdsgp 1 year ago
Neck Breaker
matmatheus12 1 year ago
weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeenot
guardianangel130 1 year ago
Glad to be off this train.. Watch out not only for price surges and plummets but also for poorly built condos that end up being "leakers" or without enough insulation between floors resulting in way too much noise from above and below like at Comox St and Broughton St.
rdority 1 year ago
I screamed !
TallTorBlond 1 year ago
yay
animelovergurl5 1 year ago
No game?
petike70 1 year ago
What a great video!!
fiery1962 1 year ago
if it were reel it would probaly derail and people on would die lol
alanm4072 1 year ago
August 2010 - Boy, it sure is a great view from way up here.
southseacompany 1 year ago
i came back from japan in 2005 to vancouver and saw a massive bubble
anyone i shared this with looked at me like i am mad(okay so i am but that's besides the point)
i knew the story of japan's bubble where people like mitusbishi engineers bought at the top of the market then lost their jobs and their homes'
many finding themselves homeless
but here in vancouver when i broach the subject
the answer is always the same
'i'm optimistic!"
bolivarheights 1 year ago
holy shit, if that was a real roller coaster i would so ride that!!!
aerosmithfan11 1 year ago
@aerosmithfan11 If that was a real roller coaster, and you rode it, you would be dead.
CCprod422 1 year ago
@CCprod422 haha yea i know
aerosmithfan11 1 year ago
@xoxoJustinB101 do you read descriptions?
AlphaPhox 1 year ago
GEil *__*
1Millu 1 year ago
My neck hurts! At least, the ride is free.
sdgsdf45 1 year ago
LOL this is a bad video the rollar coaster is fake and whats up with the years thats really weird!!! ) sorry ('''')
xoxoJustinB101 1 year ago
@xoxoJustinB101 baby.... u dont know what real estate is
ageofempires619 1 year ago
Having lived in Vancouver and seen all these cycles, up until 2001, then we left....this video pretty much sums it up.
Interesting video....someone went to a lot of work to put this together. Very creative.
Addiction--hemm, I mean Realestate bubbles hurt families... love it.
pacificprospector 1 year ago
Comment removed
itaymail2 1 year ago
i like the part in the end about how it hurts families, it doesnt just hurt them, it rips them apart. if the prices of other things went up like real estate went up in the last seven years people would lose it, i almost got suckered in myself, now i am just going to wait because to buy now would simply be too risky...now I will just wait for the real estate bubble cult zombies to start slamming my comment...comon, I see you hiding under the rubble of that century 21 building...
collins2067 1 year ago
Awesome video!!!! very interesting way to look at it!! Good work
jaymcinnes 1 year ago
This is good!....
auctionmusic 1 year ago
actually, if you bought in any year since 1975 and hung on, it did go up !so what is the point? We have masses of cash coming in- allowed to invest from foreigners whose countries economies are unstable or corrupt, until that changes it will keep going. the bubble is just pricing out local families
littlerealty 1 year ago
like the video, but obviously put together by someone who does not own real estate.
munimula1999 1 year ago
@munimula1999 really I think you should talk the the neighbors down south. The Japanese real estate owners, European real estate owners that bought in the last couple years.
flota720 1 year ago 4
@flota720 - where is down south, do you mean seattle? what makes you think we'll see the same thing in Vancouver? i'm not familar with what happened in Japan or Europe real estate markets a few years ago. Were people agreeeing to mortgages for more than they could afford?
munimula1999 1 year ago
@munimula1999 - only someone who COMPLETELY missed the point of the ending would post a condescending response like that. the end of the video was a warning for prospective buyers and people ill prepared for the financial commitment; real estate is always a good investment, if you are in it for the long haul and you can afford it.
rbschull 1 year ago
Do One for Toronto Market
donaldsonb 1 year ago
@donaldsonb
the toronto one isnt nearly as dramatic as vancouver
warset 1 year ago
omg why would i get on that the ending the water boom u die drown!
mrsmaymay101 1 year ago
Can you built your own coasters in nolimits???????
ijeffrey85 1 year ago
no way, i will not sit on that
BONOTgwapoTAOganado 1 year ago
Very Well Done. I love how you used sarcasm and satire for your coaster. I enjoyed it very much. You should do a United States stock market one next.
MERC3NARYPRODUCTIONS 1 year ago
hahah. a realtor just told me that today...buy now or be priced out forever.
MrJacksonville604 1 year ago
What an awesome job ! This is like a wake call to real estate fad !
Birdinsicamous 1 year ago
super creative, great presentation. consider to have a series about other topics?! ;) such as stock market, gas price, CDN exchange rate?! :)
lancelotwang 1 year ago
Excellent graphics. I enjoyed the slogans associated with speculative bubbles: "buy it or be priced out forever". Also it was good to see inflation adjusted figures.
anon69 1 year ago 2
very cool and it must have take a long time to do. Thank you very much for your hard work.
SampsonMediaKelowna 1 year ago
The best explanation I have ever seen of any investment volatility. Great education and brilliant marketing.
macbethgroup 1 year ago 35
Awesome.
kfungroberts 1 year ago 2
Awesome video! This really brings the graphs and charts to life. Outstanding!
somecatchphrase 1 year ago 28
For a single family home, detached, Vancouver's median price to median income ratio is pushing 11x. Vancouver's long-run norm is about 4x. When interest rates rise and CMHC is forced to tighten, prices will return to 4x. Vancouver is screwed. As is Victoria and Toronto and to a lesser degree, Calgary and Edmonton.
00dfm00 1 year ago 5
Brilliantly done!
gbeauregard 1 year ago 2
It is getting exciting!! Is there one for Calgary?
ReLoaDeDBoi76 1 year ago
I almost get motion sickness from watching this..
Yakovlievich 1 year ago 2
Great visual! What strange confluence of events, or what conspiracy of dark forces, has brought this world class bubble to Vancouver? That's what I'd like to know. I look around at the people talking about decorating their new condos, and I am saddened when I see some of them, because I know from the other things they say and from the way they look that they are going to run into trouble.
MyVeryBesttoYou 1 year ago 2
Comment removed
MyVeryBesttoYou 1 year ago
Whoa. I didn't know any Canadian cities had housing bubbles.
loopformer 1 year ago 2
Whee!
Tiduszcoasters 1 year ago 2
that was a rush !
canadastreetmedia 1 year ago