Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (30652)	5/4/2005 10:36:59 AM
From: The Wharf	Read Replies (1) \| Respond to of 306849

Canada in general has seen a rise in housing costs. I have thought about this a great deal much of it has to do with increased leverage in financing so you have more debt less equity all over the world. Vancouver has a double problem but she is a port and she is growing internally. It is a difficult market short play at least to me as the debt is held by banks that are world based. Not quite so simple as a local S&L bail out. It could very well be that US rates increase but so do the dollars that the FED prints. So you have deflation of US $. Then the question becomes if Asia has grown enough to absorb product surplus. It is a little bit more complicated than that as China should soon experience labor inflation.

To: Elroy Jetson who wrote (30652)	5/4/2005 11:35:36 AM
From: Jim McMannis	Respond to of 306849

RE:"Lot's of excitement prior to the games - Followed by substantial losses as they wonder what to do with the glut of condos which have no obvious need after the four week Olympic period." Happened in Salt Lake too.

To: Elroy Jetson who wrote (30652)	5/9/2005 2:30:24 AM
From: Doughboy	Read Replies (2) \| Respond to of 306849

It would be interesting to find out whether there have been studies about RE price impacts post-Olympics. I'm not sure it it is universally true about post-Olympic glut. Seoul seems to continue to be a hot RE market. Salt Lake City is holding up (from what I've heard), though maybe the mountain properties are soft. I expect you know more about Sydney, but what I understood from following your posts was that it experienced a strong market for several years after the Olympics before only recently taking a dive. That doesn't suggest a post-Olympic glut, does it? The dive would have happened much earlier if that was the case.