A New Housing Bubble? Steve Saretsky on Real Vision TV
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- Опубликовано: 5 фев 2025
- Here's an interview I did awhile back with Real Vision TV. This is a short snippet of the 30 minute documentary which highlights Vancouver and Seattle and begs the question, are these two cities in the midst of a housing bubble?
Use this link to join Real Vision (I get 2 free months if you do) rvtv.io/2HkPuwU
Real Vision is a subscription based financial media company. They interview the smartest brains and the biggest names in finance with a goal of disrupting financial media which has been bogged down by its insatiable appetite for hype, sensationalism and clickbait.
I'm persoanlly a subscriber and highly recommend it to anyone serious about finance. Check them out rvtv.io/2HkPuwU
This is going to end badly, folks. Only so many greater fools to come along
Steve on Real Vision TV! That's what's up!
He actually asked if there was anything under a million lol.
Poor people in Ontario are following in the footsteps of people in BC by increasingly voting NDP. When you create a poor underclass unable to afford housing than you promote socialism/communism by default.
NDP won by one seat in BC.People were fed up with Christie Clarke as they did with Stephen Harper in the Federal.The consequence is a complete dissasster.I always listen to myself and I am 100% right all the time.Not because I am brilliant but some very basic common sense can do right all the time.
what will NDP do about high house price? nothing. NDP voter has low IQ
Excellent job Steve! What do you think of the upcoming rate hikes?
I'm hearing that the Fed may not go through with their 4 rate hikes this year as Powell forecasted, and instead settle for just one. This is just recent. The thing with BOC, if they let the loonie slide, that will just cause inflation, which will force their hand to raise rates. B20 rules are here to allow for rate hikes, and reduce new risk (new loans) coming in.
It's going to be very interesting.
One of the major reason for this high price is the astronomical development charge the city impose on the developers and the many red tapes and bureaucracy that existed in the government circle plus the many unforeseen adding soft costs. These costs needless to say are all pass onto the end purchaser excluding the GST and the many other taxes and costs they have to pay on top.
This has been true so far but my suspicion (from talking to developers) is that if you dropped the development charges now it would make no difference to prices at all until demand falls.
... as long as credit doesn't tighten.
I have a bigger garage in surrey unreal what idiots will pay for homes
It is happening now in Vancouver. I have witnessed the bubble burst 5 times in Vancouver and Toronto. 90% of time time is when the NDP in power.
The market understands that its not a single family home at all. Its a development opportunity.
Steve in most cities faced with similar problems, this would be part of a 6 storey condo development - probably even higher density than that. The market gets it. Eventualy, with this kind of demand, density has to follow.
1.6 million is a BARGAIN.
Where is that bargain? The housing market is slowing down tremendously and we have not reached the rising interest rate cycle yet. Good luck with that thinking.
Most of it went to development charge impose by the City on the developer and the many unforeseen adding soft costs they incurred.
It may be in a safe bet for density in East Vancouver but all the brand new $4 mil houses in the West End, West Van, North Van, Whiterock, etc are falling in price fast fast fast.
Lol just lol
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All major developers are holding on their future development projects because of the NDP. A repeat of Glenn Clarke from the mid to late 90's.