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House prices to keep rising for years

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How to make money in St.Kilda and see your house values rise 14.8%
From L A Times:

Tough economic times have spilled onto the streets of Venice, which has become a favorite place to park for scores of otherwise homeless people living in cars and campers. The practice has ignited a mini-uprising among residents living in the pricey coastal community.

The number of cars and recreational vehicles has swelled so much over the last year that Councilman Bill Rosendahl, who represents the city's coastal areas, has proposed creating special zones away from neighborhoods where people can sleep in their vehicles.

"The community has been going ballistic," Rosendahl said. "They can't park their own cars. Some of the folks who live in their cars and in campers defecate and urinate outside and create other issues of quality of life and health."

His proposal, similar to programs in Santa Barbara and Eugene, Ore., would allow the cars and recreational vehicles to park in select "municipal properties, parking lots of churches or community-based organizations, industrial areas and other areas that would have minimal impact on residential communities."

Current city laws prohibit sleeping in a car or RV on the street.

"Let's stop kidding ourselves," Rosendahl said. "People are living in their cars. . . . So let's deal with the reality. In this economic downturn, it's even increasing."

Up to 200 people are living in campers or cars in the Venice area, which has many residential areas where overnight parking is not restricted, the councilman said. As part of his proposal, which is expected to be heard by a council committee within the next few weeks, neighborhoods in Venice would have the option of restricting overnight parking to residents who live in apartments and houses.

However, some Venice residents said they feared that Rosendahl's plan might also designate certain residential streets in the beach-side community as RV zones.

"We don't believe the solution is turning residential areas into urban RV campgrounds," said Mark Ryavec, who heads the Venice Stakeholders Assn., which recently submitted to Mayor Antonio Villaraigosa and the council a petition with 237 signatures of residents opposed to Rosendahl's proposal.

Residents in parts of Venice have for years battled what they view as an incursion by RV dwellers. The tensions are particularly pronounced in and near the Oakwood section, a roughly one-square-mile area bounded by California Avenue, Lincoln Boulevard, Rose Avenue and Abbot Kinney Boulevard. Residents complain that some RV occupants defecate in alleys, party into the wee hours, and dump waste into gutters and storm drains.

Ryavec, co-chairman of a neighborhood council committee that is studying homelessness and RV living, said the panel has identified more than 20 "relatively isolated" sites in Rosendahl's 11th Council District that could each accommodate five to 10 RVs. They include an area across from the Dockweiler State Beach RV park, vacant rental-car lots in Westchester, and an RV and boat storage lot off Lincoln Boulevard. He said, however, that many RV dwellers "want to stay in Venice."

Terry, an RV dweller in Venice who spoke on the condition that her last name not be used because she feared retribution from residents, said more people have been forced to live in their vehicles because of the tough economy, the rash of condo conversions that have left many tenants without shelter and rules limiting overnight parking on certain streets in Santa Monica and Los Angeles' Westside.

Terry said Los Angeles police officers have proposed that she and others move their RVs to the area across from Dockweiler State Beach.

"That's 10 miles away," Terry said, as she exercised her dog near the Oakwood Recreation Center one recent evening. Her 1976 blue-and-white RV stood across the street. "These vehicles aren't going to make it down there."

She said such a move would be a hardship because her two teenage children attend school in the area; her daughter also works at a nearby restaurant. For the last three years, she and her children have lived in their car, a van and now the RV, which she said she bought for $850 when it was in fine working order.

Since then, she said, people that she suspects are Venice residents have sliced her tires, put gravel in her gasoline tank, stolen her son's clothes and dented the RV's door with clubs.

"We can't tell the police," she said, adding with a note of irony: "We're the criminals."

In Santa Barbara, another town along the California coast that has become a favorite locale for people living in vehicles, the city started an "RV Safe Parking" program four years ago as part of its outreach to the homeless.

Seventy-five people have received permits to participate in the program, parking their cars at night in various city and county lots, as well as some operated by churches. Under a city contract, the New Beginnings Counseling Center has an outreach worker check on participants at least twice a week, referring them to housing and job assistance programs as well as other services that cater to their financial, physical and mental well-being.

Participants are required to provide their own restroom facilities, either in an RV or a portable toilet if they have a car, said Gary Linker, executive director of New Beginnings.

They must also follow a list of rules, and there have only been a few complaints from nearby residents over the last four years, he said. Those who apply for the program -- there is a waiting list -- are interviewed by the outreach worker to make sure they qualify.

"We have to make sure people aren't traveling through on vacation. This isn't a KOA," Linker said.

Rosendahl said his proposal is limited to the coastal district he represents, since Venice has been "overwhelmed," but it directs the council to address the issue of RV and car dwellers on a district-by-district basis. He also emphasized that the measure was meant to "kick the process in gear," with the understanding that plenty of related issues still must be debated and resolved.

That includes whether to limit the RV zones to people who can prove they have roots in the area.

That became an issue in Ontario in 2007, when the city set up a secure "tent city" near the airport for the homeless, complete with bathroom and shower facilities.

When hundreds of people from outside the San Bernardino County city descended on the site, Ontario officials decided to limit it to people who could produce documents showing that they had lived in the city.

"There is not an easy answer," Rosendahl said. "But at least this raises the issue of homelessness to a higher level."
 
Thanks for following up for Glen48 with a link proving that his statement was at best completely wrong and at worse an obvious attempt at downramping via the use of a dramatic made up statistic!

Sorry, but I believe you've compared apples with oranges whilst in the midst of your knee jerk reaction to demonstrate that Torontos prices aren't quite falling as fast as has been mentioned.... and yet we still don't know what article or data Glen was referencing!!! (edit: We do now! This tennis is such a distraction...)

There was no figures quoted for City of Toronto which is clearly stated in the article as average price being down 12%.

Your calculations are using GTA figures. City of Toronto population constitutes less then half (40~45% I believe) of the GTA pop'n...

I suggest you go and whinge to the originators of the article about the accuracy of their data rather than shooting the messenger because you were too lazy to open up google and do your own research!

Anyway, I'm not posting to justify somebody elses statements ~ I was posting the link as I was curious about the data myself and this is what I found.

Cheers....
 
Sorry had it all wrong:
From Patrick.net
The Toronto Real Estate Board yesterday reported a meagre 888 sales in the first half of January, compared with 1,776 sales during the same period a year ago.

The average price of a home is also down, 9.5 per cent to $332,495, compared with last year's $367,574 – a $35,000 plunge.

"The economic situation in Canada has changed noticeably over the past year ... Toronto is not immune to this," TREB president Maureen O'Neill said.

"The GTA housing market has been impacted."

Realtors say a flurry of buying last January to escape Toronto's new land transfer tax that came into effect in February 2008 may have exaggerated the year-over-year drop.

Sales in the city of Toronto are off 54 per cent in the first 15 days of 2009, while prices are down more than $40,000 for the average home. Homes in the 905 suburbs were not hit as hard, with sales down 47 per cent and prices off $26,000.

There is no question this will be a difficult year for the housing market as well as the commercial real estate market.

Glen,

Who gives a flying f**k about Toronto house pries and you are comparing this situation to St Kilda. Your credibility is dropping like a man without a parachute. Give it up, it is pathetic to read your posts. Do you expect to buy blue chip real estate for 50% discounts????? Get a life.
 
Sorry, but I believe you've compared apples with oranges whilst in the midst of your knee jerk reaction to demonstrate that Torontos prices aren't quite falling as fast as has been mentioned.... and yet we still don't know what article or data Glen was referencing!!! (edit: We do now! This tennis is such a distraction...)

There was no figures quoted for City of Toronto which is clearly stated in the article as average price being down 12%.

Your calculations are using GTA figures. City of Toronto population constitutes less then half (40~45% I believe) of the GTA pop'n...

I suggest you go and whinge to the originators of the article about the accuracy of their data rather than shooting the messenger because you were too lazy to open up google and do your own research!

Anyway, I'm not posting to justify somebody elses statements ~ I was posting the link as I was curious about the data myself and this is what I found.

Cheers....

I don't know why you are wriggling so much in Glen48s defence! He tried to assert that Toronto house prices had dropped 15% in 3 weeks so far this year - an outlandish claim and clearly completely untrue. The article you posted provides a meaningful median price stat for the Greater Toronto Area (GTA), absolutely showing this, and median stats are the correct "apples to apples" stats to use (not average) when looking at any other market compared to ours in Oz.

Regardless, as with all international stats, they really have very little bearing on our local market here and it's current state anyway. If anything the fact that Toronto house prices held up pretty well through 2008 (-4.7%), while cities like Detroit in the US which are only about an hours drive away have seen massive falls (-20%+), shows how disconnected property markets in different countries can be! If Canada and the US can be so different, 2 countries which are geographical neighbors and linked economically far more than Oz is to the US, then it's clear how/why the PROPERTY market here pretty much marches to it's own tune.

Cheers,

Beej
 
I don't know why you are wriggling so much in Glen48s defence! He tried to assert that Toronto house prices had dropped 15% in 3 weeks so far this year - an outlandish claim and clearly completely untrue. The article you posted provides a meaningful median price stat for the Greater Toronto Area (GTA), absolutely showing this, and median stats are the correct "apples to apples" stats to use (not average) when looking at any other market compared to ours in Oz.

Regardless, as with all international stats, they really have very little bearing on our local market here and it's current state anyway. If anything the fact that Toronto house prices held up pretty well through 2008 (-4.7%), while cities like Detroit in the US which are only an hours drive away have seen massive falls (-20%+), shows how disconnected property markets in different countries can be! If Canada and the US can be so different, 2 countries which are geographical neighbors and linked economically far more than Oz is to the US, then it's clear how/why the PROPERTY market here pretty much marches to it's own tune.

Cheers,

Beej

Hey beej, does the term NFI mean anything to you? Because your latest and greatest post is a reflection of your state of being. Please enlighten us all as to how and why you think the realestate market in Australia is immune from the problems being experienced by the rest of the world, including our good mates in Kiwi land.

Seriously I think you have been puffing too much stuff yet again. lol
 
hello,

believe whatever you like singlefished, i like Enzo as he replies to email's and dresses well and that demonstrates credibility

thankyou
robots

Try and get Enzo to sell your unit for 14.8% more than it was worth a few months ago.

Enzo Enzo where are you Enzo...............geez he's gone on a junket with KRudd to advise the world on real estate values and how if you interpret the figures correctly US real estate has not dropped 80% it's in fact gone up 200% using the same calculation method used to assess unit prices in St Kilda.
 
Maybe individual articles are better off discussed / argued on the ASF property forum? it's becoming a mess in here.
 
I blame that old fart Mr Burns. He dribbles a lot...

:)

No wonder I'm dribbling, I'm still trying to work out how you can have a thread titled "House prices to keep rising for years" with 172 pages of posts when AU housing is obviously going to plummet over the edge, and has already started.
 
No wonder I'm dribbling, I'm still trying to work out how you can have a thread titled "House prices to keep rising for years" with 172 pages of posts when AU housing is obviously going to plummet over the edge, and has already started.

hello,

similar case with the thread "house prices to stagnate for years" when in fact they were booming,

how we going still at 7-8x income?

thankyou
robots
 
hello,

similar case with the thread "house prices to stagnate for years" when in fact they were booming,

how we going still at 7-8x income?

thankyou
robots

Except for robots comments. God knows what drugs he is on lol
 
hello,

similar case with the thread "house prices to stagnate for years" when in fact they were booming,

how we going still at 7-8x income?

thankyou
robots

You're living in the past robots, what matters now is all the buyers are out of work so they're not interested in participating in housing bubble bull**** any more, the parties over.
People will now actually have to work to get rich not just buy a place and watch the price go up weekly.

Pass the parcel is over.
 
mmm as soon as i saw the thread for real estate agents i decided to give it a swerve. better fun here. lol

here is the calibre of comments on that board:
"This thread is dedicated to the hard working Estate Agents who drive Australias economy and housing industry. Let us know how you are going, if the market is good or tough in your area, whats working for you in marketing, whats working for you in gaining listings.. New in the industry let us know.. Need a hand / have a question post it here.. "

ROFLHO
 
here is the calibre of comments on that board:
"This thread is dedicated to the hard working Estate Agents who drive Australias economy and housing industry. Let us know how you are going, if the market is good or tough in your area, whats working for you in marketing, whats working for you in gaining listings.. New in the industry let us know.. Need a hand / have a question post it here.. "

ROFLHO

Fair go they are hard working, do you know how hard it is the sell a BMW these days ?, and the mental stress, I saw one agent being counseled by Enzo, he hadn't been able to con anyone for 2 weeks and was going through withdrawal.
 
hello,

yeah we all finished Burns, oh well least i have my appointment at Centrelink on Monday

when Newstart & Mortgage Assistance kicks off it will be great, like I finally became a true brother with all the rest on ASF

thankyou
robots
 
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