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I find that when a band becomes successful, their follow up albums tend to sound somewhat over produced - now that they have access to the best studios and producers. With Bowie's work, since the 00's, I could always hear that cold, shiny quality that a professional studio brings, but they were still warm somehow. If feels to me like a lot of care went into the production of his work, all the way up the sound engineering chain.
New Tribe album is excellent.
And I finally cracked open the new Solange. Likely album of the year for me. Which reminds me. Hubski should do a top ten albums of 2016 thread.
Need to get that boy behind a drum set I think.
Just saw Andy Shauf on Friday nite at a place I'd never been to for a show before. I heard from a friend that the venue had terrible sound. I could see that with the type of music she goes out to, EDM type stuff. This music is not that, and Andy had it totally dialed. One of the best sounding concerts I've ever been to actually. The crowd was so into it, you could hear a pin drop in fact. Not typical for a weekend event.
This watch. Indeed, that's the first that came to mind. Here's another great one.
You look so beautiful and peaceful. You almost look dead.
Yeah, I think you're right kb. And like I said to mk, my feeling is that their participation is closer to 25%. That 5% was taken from a dubious BC government study that was done with not enough sampling and in too short of a time frame to get an accurate sense of the market. Ultimately doesn't matter because that only tracks foreign buyers anyway. What is more important is the foreign money, which is more likely funneled into the country through other means and difficult to trace.
- BC started levying a 15% surcharge on foreign sales between last August and this August
It's even crazier than that. The tax went into affect on August 2nd, this year, with very little warning. So while June and July also had a slow down, August had a precipitous, jaw-dropping slow down. But it's not likely that the 510 homes that weren't sold this month falls entirely on the shoulders of foreign buyers. The way I see it is that the foreign buyer has kind of become the monster in the closet in Vancouver. Where even if it exists, the idea of it is more potent and pervasive than the actual thing. That, combined with the fact that the market has become so focused on investment and speculation has made people just stop to wait and see what's going to happen.
That 5% is just an estimate. My own feeling is that it is much higher, say 25%.
The thing about a house like that is that it would have gone for $800K in 2010. Same for the house I live in now. My landlord bought it in 2010 for $800K and now it's at $1.7M. That's just gross.
Home sales have fallen, but I don't see much in the way of home prices falling. Yet at least. The house two down from me is a 3 bedroom, 2700 sq ft pink stucco beauty on the market for $1.8M. I'm keeping my eye on it to see what happens. Houses around here typically sell within a week of being on the market. This house has been up for two weeks, so even that's exceptional.
IMO, there is no real bubble. Not for real estate prices or mortgages at least. A bubble insinuates that people are leveraged beyond their means in an unsustainable way that would cause a crash and I'm just not seeing that here. The bubble in question is more for the realtors and speculators of the market. I do think that there will be a general correction of home prices, but that they will still be out of reach for most people - including myself. It is interesting, however, to see the psychology at work here. No one knows for sure, but some say that foreign buyers count for a very small percentage (5%?) of the overall market. This in turn though has increased neighboring property values and created bidding wars on nearly every new home. The perception is powerful. Either way, the kind of growth seen in the last few years was simply not sustainable. Something had to give.