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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:21 PM
Original message
Check out the asking price on this dump.
It is in Vancouver Canada.
hardly anyone is talking about THEIR bubble.
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:23 PM
Response to Original message
1. Maybe it is on 25 Prime acres????????????
Edited on Thu Apr-15-10 09:30 PM by BrklynLiberal
BTW..Vancouver Mansion is a building in Hong Kong, is that why they mentioned Asians??
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:26 PM
Response to Reply #1
4. You are such an adorable optimist.
Didja notice how close it was to the house next door?

Man, these Canadian bubble houses make California look real affordable.

Here is web site of other ...uhh..mansions...

http://crackshackormansion.com/
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:29 PM
Response to Reply #4
6. I thought Vancouver Mansion was a building in Hong Kong
Edited on Thu Apr-15-10 09:30 PM by BrklynLiberal
So, there are really in Canada??????????
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 10:08 PM
Response to Reply #4
17. OK, that was hilarious
The line of cops going into one of them was kind of a giveaway, though.

The crackheads need to realize the potential and clean up just enough to sell to gullible Asians with money to burn. They could stay high for the rest of their lives on the proceeds!
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-16-10 09:44 AM
Response to Reply #17
22. Hell of a business plan, actually.
And being that they are on crack, the fix up should be a fast job.
In fact, they should invite their meth buddies to come help.
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Art_from_Ark Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-16-10 02:50 AM
Response to Reply #1
21. There was an influx of Asians, particularly from Hong Kong
coming to Vancouver in the '80s and later, maybe there still is. They had (have?) a propensity to buy a house with a yard, tear everything down, and rebuild a monster house on the entire lot. This tended to irritate the neighbors to no end.

If "mansion" has the same meaning in Hong Kong as it does in Japan, then "Vancouver Mansion" would probably be an apartment building.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-16-10 09:49 AM
Response to Reply #21
23. back when the Shah of Iran was deposed,
there was an influx of wealthy Iranians coming into Vancouver and Seattle.
That combined with the Californians, created the first housing bubble in the PNW.
I was there at the time, watched in amazement, met one Iranian family who were
buying 2-3 houses at a time and flipping them.
At that time, to me, 100 K was a small fortune for a house.

But now......jeebus.
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baldguy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:25 PM
Response to Original message
2. Definitely a tear down.
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BunkerHill24 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:38 PM
Response to Reply #2
11. YUP, indeed it's a tear down......but the land is worth over a million, no doubt.
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wtmusic Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:25 PM
Response to Original message
3. Mmm, have a link?
That's a little ridiculous.
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:27 PM
Response to Reply #3
5. This is what I found...
http://www.crackshackormansion.com/
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wtmusic Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:34 PM
Response to Reply #5
8. It's for real.
http://www.pointgreynow.com/PointGreyHouses.php?mls_number=V802328&acronym=REBGV&order=listing_price%20ASC&action=filter&without_routing=1

Point Grey is one of the nicest areas in Vancouver, but...?!?!
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:52 PM
Response to Reply #8
13. That is very strange. There is nothing in that description that would justify that price.
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wtmusic Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 10:34 PM
Response to Reply #13
19. 1,000 sq ft of that is basement, and it looks like improvements have been
marginal.

I hear the sound of a bulldozer.
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upi402 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-16-10 10:16 AM
Response to Reply #8
24. Next up, Canada! The USD=Canadian dollar now...
>POP<
Oh Canada. Do you folks make that many exports and create high wage jobs?

There's parity between our currencies now, so that's actual USD cost of housing!
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grasswire Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:34 PM
Response to Original message
7. I don't think that's legit
Last month I cruised craigslist looking at property values in the provinces. Vancouver didn't seem any different from Seattle, really.
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Sanity Claws Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:57 PM
Response to Reply #7
15. This house is very close to English Bay, if not on the waterfront
It probably has a view at least.

As for Seattle, I used to live there. A good view of the Sound, like on Magnolia Bluff or in the Sunset Park of Ballard, increases the price of a house by a couple of hundred thousand dollars.

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Sanity Claws Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:35 PM
Response to Original message
9. It could be waterfront property or it's commercially zoned
Either situation would drive up the price dramatically, even if it's a tear down.
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wtmusic Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:38 PM
Response to Reply #9
10. And of course, you're paying for the weather...
:silly:
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Sanity Claws Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:43 PM
Response to Reply #10
12. Compared to the rest of Canada, Vancouver has a great climate
Its winters are much milder than any other major city in Canada.
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wtmusic Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 10:30 PM
Response to Reply #12
18. Milder...and wetter. nt
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boobooday Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:53 PM
Response to Original message
14. I'm from Santa Barbara
I totally believe it.
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abelenkpe Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-15-10 09:59 PM
Response to Original message
16. Not surprising
A couple years ago I sent my father a pic of a run down dump quite similar to this in compton for 900,000. I wanted to show him why I hadn't bought anything in LA.

What is surprising is many in Vancouver will tell you there is no real estate bubble there.

Yeah, right.
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PinkFloyd Donating Member (264 posts) Send PM | Profile | Ignore Thu Apr-15-10 10:35 PM
Response to Original message
20. That very house would go for $13 in Detroit
Edited on Thu Apr-15-10 10:36 PM by PinkFloyd
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