WAITING FOR THE BUBBLE TO BURST

[Capt. Vick]

You know it Andy, absentee owners as well. Thought I would add this photo to show the neighborhood and the rear of the house.

View attachment 335619

View attachment 335620

Plus I forgot to mention, the owner is 85.


Geo

Factor in the cost of a new roof as well...

 

[fubar57]

Jim, with the kind of foreign money that is flying into Vancouver, that building will be bulldozed in no time.


Geo

 

[GrauGeist]

You know it Andy, absentee owners as well. Thought I would add this photo to show the neighborhood and the rear of the house.

View attachment 335619

View attachment 335620

Plus I forgot to mention, the owner is 85.


Geo

Looks like the most valuable thing about that entire property, is the green resin chair on the back porch...

 

[Capt. Vick]

Really? Sounds like what I heard about Hawaii. No room for the natives.

Well, as a wise person once said, if they strike gold, don't go digging...sell the shovels!

 

[javlin]

NUTS!!

 

[mikewint]

A pre-fabricated bungalow in south London described as "dilapidated" has been sold at auction for almost £1 million

A garage in the upmarket London district of Chelsea is set to be auctioned for £180,000 ($261,567) or more, as the escalation in real estate prices in the already expensive city continues.
The garage – set to be auctioned later this month – offers secure off street parking and has an internal area of approximately 146 square feet.

 

[fubar57]

17 days later and that dump is sold.....for $80K more than listed and as I had suspected, it's getting torn down.

Real estate gone wild: Vancouver tear down sells for almost $2.5M

Geo

 

[mikewint]

LOCATION, LOCATION, LOCATION!!
Here on the Lake all dock permits have been issued so the only way to have a dock is to buy one along with its permit.
An OLD wooden, falling apart, rotting, dock just sold for $60,000!!! Seller's Market!!

 

[GrauGeist]

17 days later and that dump is sold.....for $80K more than listed and as I had suspected, it's getting torn down.

Real estate gone wild: Vancouver tear down sells for almost $2.5M

Geo

So that's what I suspected all along - they were really after that green resin chair...

 

[at6]

Another 10 million and you get the rest of the chairs and table.

 

[Gnomey]

Not hugely surprising, will still make a profit after putting a new build on it...

 

[mikewint]

Along Chicago's North shore ANY house not worth at least $1 million by itself is torn down

 

[parsifal]

Recently a property 2.4m wide and under 200 sqm (edit: it was actually a 38 sqm block. Thats smaller than some garages) a was sold for just under $1nillion Aus to a chinese investor.

Skinny Surry Hills house sells for $965,000 at auction

 

[nuuumannn]

Jeepers. Similar thing happening here in Auckland, although there has been a slight slowing of the rises in price and growth elsewhere in the country, which is good news for sellers, but not good news for buyers, as they say.

 

[fubar57]

Where I live you can get a 30yr old house(avg age), 1100sq on both floors, and a large lot for around $200K. There are newer higher priced houses but this is a closed market so the prices don't go crazy

Geo

 

[Wayne Little]

Truly amazing....

 

[parsifal]

Jeepers. Similar thing happening here in Auckland, although there has been a slight slowing of the rises in price and growth elsewhere in the country, which is good news for sellers, but not good news for buyers, as they say.

Pretty much the the same here, but its no exaggerration to say the Asian investment class are just going nuts over Australian inner city metropolitan real estate at the moment

 

[vikingBerserker]

Man that's just nuts.