<?xml version="1.0" encoding="UTF-8" standalone="yes"?><oembed><version><![CDATA[1.0]]></version><provider_name><![CDATA[Vancouver Real Estate Anecdote Archive]]></provider_name><provider_url><![CDATA[https://vreaa.wordpress.com]]></provider_url><author_name><![CDATA[vreaa]]></author_name><author_url><![CDATA[https://vreaa.wordpress.com/author/vreaa/]]></author_url><title><![CDATA[Laughing Stock &#8211; &#8220;Inquiring minds seeing new data on Vancouver&#8217;s massively overpriced real estate just might be seeking new comparisons to other&nbsp;places.&#8221;]]></title><type><![CDATA[link]]></type><html><![CDATA[<p>Mike Shedlock, blogger at &#8216;Global Economic Trend Analysis&#8217; [<a href="http://globaleconomicanalysis.blogspot.com/2012/03/vancouver-bc-vs-donegal-ireland-real.html">3 Mar 2012 2:16pm</a>], consistently <a href="http://globaleconomicanalysis.blogspot.com/2009/01/time-magazine-best-25-financial-blogs.html">rated one of the top financial blogs in the US</a>, writes: <strong>&#8220;Inquiring minds seeing new data on Vancouver&#8217;s massively overpriced real estate just might be seeking new comparisons to other places. First, Let&#8217;s take a look at what $890,000+- will buy in Vancouver:&#8221;</strong></p>
<p><a href="https://vreaa.files.wordpress.com/2012/03/vancouver-11.png"><img loading="lazy" data-attachment-id="14539" data-permalink="https://vreaa.wordpress.com/2012/03/05/laughing-stock-inquiring-minds-seeing-new-data-on-vancouvers-massively-overpriced-real-estate-just-might-be-seeking-new-comparisons-to-other-places/vancouver-1-2/" data-orig-file="https://vreaa.files.wordpress.com/2012/03/vancouver-11.png" data-orig-size="400,312" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}" data-image-title="Vancouver 1" data-image-description="" data-image-caption="" data-medium-file="https://vreaa.files.wordpress.com/2012/03/vancouver-11.png?w=300" data-large-file="https://vreaa.files.wordpress.com/2012/03/vancouver-11.png?w=400" class="alignnone size-full wp-image-14539" title="Vancouver 1" src="https://vreaa.files.wordpress.com/2012/03/vancouver-11.png?w=400&#038;h=312" alt="" width="400" height="312" srcset="https://vreaa.files.wordpress.com/2012/03/vancouver-11.png 400w, https://vreaa.files.wordpress.com/2012/03/vancouver-11.png?w=150&amp;h=117 150w, https://vreaa.files.wordpress.com/2012/03/vancouver-11.png?w=300&amp;h=234 300w" sizes="(max-width: 400px) 100vw, 400px" /></a></p>
<p><strong>2119 East 3rd Ave, Vancouver<br />
MLS® Number V934050<br />
Listing Price: $899,500<br />
Description: &#8220;This 1 ? story home has been extensively renovated over the last few years. The spacious kitchen has birch cabinets and Soapstone counters and opens to a 20&#215;12&#8242; deck. On this level are 2 B/Rs and a modern 4pce bath. Upstairs has an office/den area, a 4pce bath and a big master B/R with a W/I closet and 12&#215;8 view deck. The bsmt has a 1 B/R suite rented at $960 P.M. and the attached garage has been converted to a workshop with French doors opening to the fenced garden, with B/I bench, a patio and a kid&#8217;s sandbox.&#8221;</strong></p>
<p>Mish comments <strong>&#8220;That creative listing puts a new meaning to the the word &#8220;upstairs&#8221;. Is the number of stories listed at &#8220;1?&#8221; really in question?&#8221;</strong>, and then gives two other similar Vancouver examples, one with touted <strong>&#8220;amazing views&#8221;</strong>,  before continuing:<br />
<strong>&#8220;With those bargain listings in hand, let&#8217;s consider a single property sale that just took place in Ireland. The previous price for the Sandhouse Hotel located in Donegal, Ireland sold at auction was $6 million.&#8221;</strong></p>
<p><a href="https://vreaa.files.wordpress.com/2012/03/screen-shot-2012-03-05-at-4-58-18-am.png"><img loading="lazy" data-attachment-id="14560" data-permalink="https://vreaa.wordpress.com/2012/03/05/laughing-stock-inquiring-minds-seeing-new-data-on-vancouvers-massively-overpriced-real-estate-just-might-be-seeking-new-comparisons-to-other-places/screen-shot-2012-03-05-at-4-58-18-am/" data-orig-file="https://vreaa.files.wordpress.com/2012/03/screen-shot-2012-03-05-at-4-58-18-am.png" data-orig-size="596,446" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}" data-image-title="irish hotel" data-image-description="" data-image-caption="" data-medium-file="https://vreaa.files.wordpress.com/2012/03/screen-shot-2012-03-05-at-4-58-18-am.png?w=300" data-large-file="https://vreaa.files.wordpress.com/2012/03/screen-shot-2012-03-05-at-4-58-18-am.png?w=596" class="alignnone size-full wp-image-14560" title="irish hotel" src="https://vreaa.files.wordpress.com/2012/03/screen-shot-2012-03-05-at-4-58-18-am.png?w=500&#038;h=374" alt="" width="500" height="374" srcset="https://vreaa.files.wordpress.com/2012/03/screen-shot-2012-03-05-at-4-58-18-am.png?w=500&amp;h=374 500w, https://vreaa.files.wordpress.com/2012/03/screen-shot-2012-03-05-at-4-58-18-am.png?w=150&amp;h=112 150w, https://vreaa.files.wordpress.com/2012/03/screen-shot-2012-03-05-at-4-58-18-am.png?w=300&amp;h=224 300w, https://vreaa.files.wordpress.com/2012/03/screen-shot-2012-03-05-at-4-58-18-am.png 596w" sizes="(max-width: 500px) 100vw, 500px" /></a></p>
<p><em><strong>&#8220;Paul Diver has purchased a spectacular 55 bedroom hotel overlooking the Donegal coastline for a mere $860,000, down from the $6 million price the original owners sought for the Sandhouse Hotel three years ago.&#8221;</strong></em>&#8211; <a href="http://bottomline.msnbc.msn.com/_news/2012/03/02/10560526-spectacular-irish-hotel-massive-discount-price">msnbc.com 2 Mar 2012</a></p>
<p><strong>&#8220;There you have it: &#8220;amazing views&#8221; in Vancouver for $899,000 vs. &#8220;amazing views&#8221; in Donegal for $860,000.<br />
It is indeed &#8220;different&#8221; in Canada.&#8221;</strong> (- Mish)</p>
<p>&#8212;</p>
<p><em>A comparison to make even Vancouver bears feel sheepish.<br />
&#8211; vreaa</em></p>
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