*PLEASE RATE THIS VIDEO & COMMENT* This is a roller coaster simulation of the last 35 years of the Vancouver Real Estate market. The actual graph you’re riding is the inflation adjusted value of a house in Vancouver BC based on data collected by Royal LePage and calculated by the UBC Centre for Urban Economics and Real Estate. Some of the peaks and troughs have been rounded to keep the train from flying off the tracks, but other than that slight modification it is a precise scale model of the red line on this graph: cuer.sauder.ubc.ca/cma/data/ResidentialRealEstate/HousingPrices/housing-pri-vancouver.pdf Recent talk of a Canadian housing bubble calls for a look at the history of our bubbliest city: Vancouver BC. When the housing bubble of the early eighties popped in this city some house prices dropped by 50% over the next couple of years and didn’t reach their inflation adjusted real price again for 25 years. What would a real estate market bust look like these days? This video was created using NoLimits Roller Coaster Simulation software: nolimitscoaster.com/
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No game?
What a great video!!
if it were reel it would probaly derail and people on would die lol
@donaldsonb
the toronto one isnt nearly as dramatic as vancouver
August 2010 – Boy, it sure is a great view from way up here.
i came back from japan in 2005 to vancouver and saw a massive bubble
anyone i shared this with looked at me like i am mad(okay so i am but that’s besides the point)
i knew the story of japan’s bubble where people like mitusbishi engineers bought at the top of the market then lost their jobs and their homes’
many finding themselves homeless
but here in vancouver when i broach the subject
the answer is always the same
‘i’m optimistic!”
@CCprod422 haha yea i know
@aerosmithfan11 If that was a real roller coaster, and you rode it, you would be dead.
holy shit, if that was a real roller coaster i would so ride that!!!
@xoxoJustinB101 baby…. u dont know what real estate is
@xoxoJustinB101 do you read descriptions?
Brilliant.
GEil *__*
My neck hurts! At least, the ride is free.
LOL this is a bad video the rollar coaster is fake and whats up with the years thats really weird!!! ) sorry (””)
Having lived in Vancouver and seen all these cycles, up until 2001, then we left….this video pretty much sums it up.
Interesting video….someone went to a lot of work to put this together. Very creative.
Addiction–hemm, I mean Realestate bubbles hurt families… love it.
i like the part in the end about how it hurts families, it doesnt just hurt them, it rips them apart. if the prices of other things went up like real estate went up in the last seven years people would lose it, i almost got suckered in myself, now i am just going to wait because to buy now would simply be too risky…now I will just wait for the real estate bubble cult zombies to start slamming my comment…comon, I see you hiding under the rubble of that century 21 building…
@munimula1999 – only someone who COMPLETELY missed the point of the ending would post a condescending response like that. the end of the video was a warning for prospective buyers and people ill prepared for the financial commitment; real estate is always a good investment, if you are in it for the long haul and you can afford it.
Awesome video!!!! very interesting way to look at it!! Good work
This is good!….
@flota720 – where is down south, do you mean seattle? what makes you think we’ll see the same thing in Vancouver? i’m not familar with what happened in Japan or Europe real estate markets a few years ago. Were people agreeeing to mortgages for more than they could afford?
actually, if you bought in any year since 1975 and hung on, it did go up !so what is the point? We have masses of cash coming in- allowed to invest from foreigners whose countries economies are unstable or corrupt, until that changes it will keep going. the bubble is just pricing out local families
@munimula1999 really I think you should talk the the neighbors down south. The Japanese real estate owners, European real estate owners that bought in the last couple years.
like the video, but obviously put together by someone who does not own real estate.
Do One for Toronto Market