David - What do you think is happening with the price of real
estate in Vancouver. I know that you pilloried San Francisco's
prices last week, but what about Vancouver?
----------------------------------
david ingram replies:
I think that real estate in the Greater Vancouver is at a current
peak. However, I thought the same thing a year and a half ago
and was obviously incorrect or just plain wrong. Am I ever glad
I did not sell out and try and buy back cheaper. If I had, i
would have to make $200,000 and pay $100,000 tax to have $100,000
to buy it back. Oh yes,m there would have been double moving
expenses, etc, etc. So DO NOT SELL. And, if you are thinking of
buying, BUY!!! If I am wrong and they keep on going up because
of:
* the Olympics
* BC has more water
* Everyone in Canada wants to move to BC
* Just because
It will cost you twice as much to make up the difference. If you
buy and it goes down a bit, it will return to its price and go up
more over the years.
And remember, being a prognosticator has its bad points as well.
( if you want to read up about the San Francisco situation, go to
http://patrick.net/housing/crash.html)
--------------------------
The next email to yours was from Sue Cook who sent along the
following:
Comments made in the year 1957
"I'll tell you one thing, if things keep going the way they are,
it's going to be impossible to buy a week's groceries for $20."
"Have you seen the new cars coming out next year? It won't be
long before $2000 will only buy a used one."
"If cigarettes keep going up in price, I'm going to quit. A
quarter a pack is ridiculous."
"Did you hear the post office is thinking about charging a dime
just to mail a letter?"
"If they raise the minimum wage to $1, nobody will be able to
hire outside help at the store."
"When I first started driving, who would have thought gas would
someday cost 29 cents a gallon. Guess we'd be better off leaving
the car in the garage."
"Kids today are impossible. Those duck tail hair cuts make it
impossible to stay groomed. Next thing you know, boys will be
wearing their hair as long as the girls."
"I'm afraid to send my kids to the movies any more. Ever since
they let Clark Gable get by with saying 'damn' in 'Gone With The
Wind,' it seems every new movie has either "hell" or "damn" in
it.
"I read the other day where some scientist thinks it's possible
to put a man on the moon by the end of the century. They even
have some fellows they call astronauts preparing for it down in
Texas."
"Did you see where some baseball player just signed a contract
for $75,000 a year just to play ball? It wouldn't surprise me if
someday they'll be making more than the president."
"I never thought I'd see the day all our kitchen appliances
would be electric. They are even making electric typewriters
now."
"It's too bad things are so tough nowadays. I see where a few
married women are having to work to make ends meet."
"It won't be long before young couples are going to have to hire
someone to watch their kids so they can both work."
"Marriage doesn't mean a thing any more; those Hollywood stars
seem to be getting divorced at the drop of a hat."
"I'm just afraid the Volkswagen car is going to open the door to
a whole lot of foreign business."
"Thank goodness I won't live to see the day when the Government
takes half our income in taxes. I sometimes wonder if we are
electing the best people to congress / parliament."
"The drive-in restaurant is convenient in nice weather, but I
seriously doubt they will ever catch on."
"There is no sense going to Lincoln or Omaha anymore for a
weekend. It costs nearly $15 a night to stay in a hotel."
"No one can afford to be sick any more; $35 a day in the hospital
is too rich for my blood."
"If they think I'll pay 50 cents for a hair cut, forget it."
===========================
David Ingram's US / Canada Services
US / Canada / Mexico tax, Immigration and working Visa
Specialists
US / Canada Real Estate Specialists
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email to taxman at centa.com
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Disclaimer: This question has been answered without detailed
information or consultation and is to be regarded only as general
comment. Nothing in this message is or should be construed as
advice in any particular circumstances. No contract exists
between the reader and the author and any and all non-contractual
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This from "ask an income tax and immigration expert" from
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