Sunday, December 28, 2008
image from here
Great deals out there
Vince sent me an e-mail asking for my reaction to the article linked above. Thanks for the e-mail Vince, I appreciate all e-mails.
I thought it to be a well written article. It had well placed platitudes -
I have heard both doomsday predictions and rosy outlooks. From this, I conclude that right now people are looking for direction. They are looking for some semblance of where the market is going, when the opportunities will emerge and how to best act on those events. (sic)
biased factoids -
While I cannot predict the short term fluctuations of the market I can offer insight based on MPC Intelligence's experience observing and documenting Metro Vancouver's development market.
I can provide some simple facts about the current market that will better allow consumers to sort through the fact and the fiction in the months ahead. (sic)
fallacious mythology -
The Chinese proverb says, "May you live in interesting times." (I have dealt with that before) (sic)
acronymic company titles -
MPC Intelligence... (and they are, who?),
and generally unbiased positivity. Vapid writing for the vapid and vacillating venture capitalists who still have way too much money to lose.
From a Google search for MPC Intelligence - MPC Intelligence reminds our customers that we are here to help in every way shape and form. We are working near round the clock to deliver ..., and - MPC Intelligence assumes no responsibility for inaccuracies provided by the ... MPC Intelligence is not responsible for the privacy practices or content of ... I am always so encouraged when a marketing group has disclaimers in their headlines. "Near round the clock", no less... Hang on, I'm going to give them a call... OK, so Jennifer Podmore (the author of the Vancouver Sun "article"), is a Managing Partner of MPC Intelligence! Qu'elle surprise! Another great surprise - MPC Intelligence is not really available around the clock... I called at 12:45 AM, and was advised that their business hours are "from 9-5, Monday through Friday". MPC Intelligence - contact
So, Vince, I think that the "article" is another piece of shill from the Vancouver Sun. A pumper for the developers is trying to get you to buy. Why even read it? My own take is that, if prices have retreated by 15%, they have another 35% to go - minimum. And that is if there is not a depression. If that happens, see the previous post featuring Detroit "mansions" for three hundred dollars.
I will not eviscerate the "article" further, that would be unseemly.
See, I'm a "journalist" too! All it takes is Google!