cdr, I watched.
Yes, it is a good time to buy according to them. Also, increases of 6-9%/year are not worrisome.
The good points: Buy in a multiphase project and buy the first phase because the costs will go up in future phases. True assuming the market can sustain it.
They told someone to buy based on making money on the downpayment. Assumes prices just keep going up. They noted that the differene between new build and resale is now $150-200/sq.ft.. that is quite worrisome to me but didnt seem to phase them.
They thought City place was a good location to buy because you can know your rents and carry a $575/sq.ft. place based on $1500 of rent. Sure at the lowest interest rates in 50 years you can break even. And as well, they didn't seem worried that they have 65-70% investors in the buildings. (The 65-70% was their numbers, not mine) That would worry me.
As you said CDR, who buys urbanations data: developers.
Who does Jane Renwick work for: Hunter Milbourne. How realistic is it to say. Don't buy now and we at Milbourne won't make any money.
The other thinking that bothered me was Renwick said it was reasonable that real estate agents get 4% on projects for bringing clients. Why would the developer not give at least 2% discount to those who walked in without a realtor. Because the whole thing is designed to have the realtor who represents "his client" really work to profit from the client by being rewarded by the developer. The realtor tells his client what a great deal. And it is, for the realtor who makes more commission than on a resale. Basically the realtor is being put in the position of being bought off by the developer to sell his client a good at an inflated value. When people hear about a project and have to use the realtor to get into it, it just drives up prices unnecessarily. PLease understand, I am not anti realtor. I just believe if one goes to a site without a realtor, there is no reason that the price should be 4% higher than it ned be. Just developer making more profits at everyone in the markets expense and making housing less affordable for all.