The way the law is structured it goes without saying that all that is published here is copyrighted. I have always wanted to begin the closing paragraph of an appraisal with “As any fool can plainly see………” How could anyone contest my conclusion with an intro like that???

Anyway, you have my permission to use anything you find here for you own use. And, if you use what you see here in any kind of publication, like an appraisal report, give credit to pwas.net. That is where you found it. That is its source. And, please hyper link it. Easy.

As time goes by more in depth analysis of local real estate markets will appear here. You are welcome to the info presented and encouraged to let me know what else you’d like to see examined (i.e. different market segments or product types). As our nervous markets continue to shake, rattle and roll there will be lots to talk about.

As a matter of fact, I was visiting a local appraisal office the other day. As you might expect, the topic of the condition of today’s residential real estate market came up. One of the appraisers said she had so little confidence in the market that she would not consider buying a US Treasury Note with a maturity of more than 12 months. Hearing this, another appraiser in the conversation said he had even less confidence than her and would not consider a Treasury Note with a maturity of more than six months. It was then the office manager spoke up and said that both of them had more confidence than she had. And, in fact she wouldn’t buy green bananas!

We all have our own crystal ball. The question is “how clear is it?”

My next posting will be a study of the high end, downtown Vancouver condominium market.

Ralph Olsen, appraiser

pwas.net

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