"Why join the navy if you can be a pirate?" -Steve Jobs "If I had asked people what they wanted, they would have said faster horses." -Henry Ford THIS WEEK'S FACTS BY EMAIL INTERNATIONAL - EUROPE OVERVIEW VANCOUVER NUMBERS ... HIGHER ... FRASER VALLEY - MUCH HIGHER QUESTIONS, QUESTIONS THE NORTH UPDATE AND AN INVITATION
1. Gibsons, dynamite low-bank waterfront home, gourmet kitchen, stunning ocean, island and marina views, walking distance to Lower Gibsons. Price: $1,485,000; 2. Kitimat cash flow, $305,000 fully furnished, 1 year lease at $2400/month, fully renovated with $105,000 in renovations
All the talk about Greece has everyone's head spinning. People in Europe have mixed feelings. Spain together with Italy/Portugal and a many others are watching Greece with interest. The worry by the thinkers here is that the left wing parties would gain strength if Greece is perceived to be winning (ie. will win a foregiveness of 50% of debt again).
Germany never saw a collapse like Southern Europe, Spain, Portugal and the like. Prices stayed the same. Never declined. But now real estate is really on the way UP in all major cities. We said 3 years ago in our annual forecast that we felt Berlin and most other German cities were undervalued. Since then
NORTHEAST B.C. BUZZ QUIETS QUICKLY ON THE GROUND AVERAGE VANCOUVER HOUSE MAKES MORE IN A MONTH THAN MOST RESIDENTS MAKE IN A YEAR SURVEY HINTS THAT RECREATION UPLIFT IS COMING U.S. HOMEOWNERSHIP FALLING, RENT DEMAND RISING "The measure of who we are is what we do with what we have." -Vince Lombardi Northeast BC Buzz
"Start where you are. Use what you have. Do what you can." -Arthur Ashe CALGARY EMERGING AS TOP RENTAL MARKET LAND, RENTAL APARTMENTS SOLE BRIGHT SPOTS IN VANCOUVER COMMERCIAL REAL ESTATE SECTOR RICHMOND CONDO MARKET SOFTENING HAMILTON IS ONTARIO'S HOTTEST RENTAL MARKET - AND YOU CAN BUY IN FOR UNDER $90,000 BOND RATE RISE COULD
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"Failure is part of success." -Hank Aaron RENTAL INCOME POPULAR ROUTE TO RETIREMENT - BUT EMPHASIS MUST BE ON POSITIVE CASH FLOW B.C. FLAT WITHOUT VANCOUVER FROTH WHERE FLIPPING PAID OFF IN LAST 6 MONTHS - AND WHERE IT WILL IN THE NEXT 6 MONTHS ABBOTSFORD DRAGS DOWN VALLEY CONDO PRICES SACRED COW: PRESSURE MOUNTS
Discuss a list of items you should ask about your broker or bank when negotiating your next mortgage: - How much can I prepay per year with no penalty? - When can I make these payments? - How much can I increase my payments per year? - What is the penalty to break my mortgage?
"You've got to understand people are motivated by fun. And they should be." -P.J. O'Rourke EARLY VANCOUVER NUMBERS ... HIGHER ... IMMIGRATION TO B.C. PLUNGES TO NEGATIVE NUMBERS - BUT DON'T PANIC ANALYSTS CRAZY BULLISH ON B.C. HOUSING SALES AND STARTS - BUT THEY SAID THE SAME THING ABOUT ALBERTA - WHAT IT COSTS TO
