Joe Chan (in the first picture) has had that place for sale for months. Ellie Chan joined him next door, and Winnie Lam is next to her. Two doors down, a house struggling to be completed will soon be for sale (I photoshopped its sign). Half the damn block is for sale! The Joe Chan, and the Winnie Lam both appeared to be vacant. On the block behind me, at least two places were for sale - one of which is vacant.
The new crop continued to flourish, and I could only take so many pictures. I ended with the Wong consortium when I noticed that the wee gaffer had fallen asleep in boredom. Yawn.
There is something wong with this picture (sorry, I could not resist that) - it is starting to look like the pictures we were seeing from California, etc., where everything looked to be for sale - and no buyers.
Strange fruit, come early. I predict a bitter harvest by the time the Harvest Moon rolls through the sky. Especially with the October 15th !Surprise! of revised qualification requirements for mortgages.
It is finally over.
8 comments:
Good job. Maybe we should start some repository for the blood in the streets pictures. Your pics could be a nice start...
I am sad there are houses sitting empty when the rental stock is so tight right now. Patience, I know.
i am glad that this madness is over and we'll be all back to lower prices in a few years. but with the cost of oil, who the hell is gonna want to live in the burbs anyways... i was born to the wrong generation and my son 14 weeks old is definately screwed i think
haha..these strange fruits are popping up all over the place.
It's astonishing the number of open houses every weekend. And sometimes we pop in to find...nothing. Dead. Completely empty, not a potential buyer in sight. Real estate is suddenly "over". Yippee!
Don't worry anonymous 5:57pm, I read a report recently which says we've been in some sort of "generational housing boom" for the past 50 years and when all these boomers pass on...who's going to buy their houses? There just aren't enough of us to buy them all (immigration doesn't supply that much demand either, apparently) Maybe it won't be common sense anymore that "property always goes up". Just look at Japan, it went down for ten years. We're entering the same sort of demographic phase they've been in for awhile: lots of old people, not enough young. Something to think about. But ya, it's hard not to feel gypped sometimes when your parents bought their house for some paltry sum in the 70s and now they're millionaires :s
Yep, it appears to be that time of the cycle. I see the condo bloom is in full swing as well!
I am sad there are houses sitting empty when the rental stock is so tight right now.
Don't you worry, nobody can afford to let a house sit empty while RE prices are dropping. That a double-headed loss.
All those empty houses and condos are going to be occupied real soon, either by owners or renters. By which doesn't matter, because a new owner frees up his old rental.
It`s funny to see so many place up for sale and nobody buying. I`m a Vancouver real estate agent and this is something I come to see many times around. It is mainly because of the high prices the sellers have. And with what I read on the mortgages and other things, the market is not fit for high prices and empty houses for sale, when many people are still looking for a place to live. I hope that this state won`t last long.
Jay
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