Vancouver housing markets got issues!

[SASKFARMER3]

On Bnn this morning seems the red hot
Vancouver housing market has issues. Sales are
down and prices have. Dropped. The fed changes
to mortgages was the main reason. 13 percent.
Hm so how is this going to effect land sales in
Saskatchewan!
Well if you 2 mill house is now 1.75 and you can
borrow 80 percent of that not a big time spender,
and one more drop and these investors have
issues.
Also relax had a article in the Yorkton paper about
how farmers should work for these land owners
from Vancouver to custom farm their land for
them. Yea as if I'd need to run new equipment
over a out of province owners land. So probably
they are starting to find farmers are not willing to
over pay for rents, so these new owners their
telling them to farm it themselves with custom
operators. Yea this should work just fine.
Don't like to see others fail but real estate agents
screwed the prices up in all cases houses or land
and should pay the price. Unfortunately the
purchaser will be left holding the bag. Save cash
a new world maybe just around te corner.

[ColevilleH2S]

I wonder what a "full meal deal" custom farming
rate would be, per acre?

[errolanderson]

A direct impact of China money drying up?

It's not just Vancouver, Canada's economy
in for some bumps 'n bruises as China
heads for a hard landing.

[SASKFARMER3]

At a full meal deal rate the guy would end up with
nothing in his pocket! IMO!
See the whole problem with the land boom, most
smart farmers didn't bite, on either renting or
purchasing, so now their trying the custom angle.

[Horse]

sASK jUST WHAT IS OVER PAY ON RENTS WHEN YOU ARE HOPING TO GET $700 PLUS PER ACRE 1/3 would be 230/acre or should you get it all?
Sorry about the capitals..

[SASKFARMER3]

I'm not giving some putz from Vancouver 230 a
acre, he can find a sucker I got enough.

[Tucker]

Amen to that Sask. "You just outbid me for
that land and now you want me to farm it
for you? HA! Let me know when you want to
sell it."

[SASKFARMER3]

Tucker that's my point, you bid up the land and
wanted it now find a sucker to farm it, but illtake it
off your hands some day for 30 % of what you
paid.

[newguy]

Read an article about investors buying expensive farmland in the US mid west. Basically land prices are going against the trend because people realize you cannot eat or charge rent on gold investments. Think investors will chase land up in Sask for a few more years yet. People are looking to invest in something real .I can see recreation property taking a big dive around the world soon though.

[sumdumguy]

Is $2000 an acre something real? How reaal will
it feel when he cant get $1000. i've seen this
spiraL before - $1200 down to $450 In 1983.