friday free for all!
It Friday free-for-all time, Local Edition!
-BC Real Estate Council: complaints surge
-Expectations reduced for BC economy
-New home price inflation slows
-CIBC’s secret [insurers] identity?
-Canada’s most attractive city: Calgary
-TD: significantly slower economic growth
What are you seeing out there? New 400 year mortgage terms? Condo-mushroom farms? Elegant lifestyle advertising? Post your news, links and anecdotes here!
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December 13th, 2007 at 11:13 pm
December 14th, 2007 at 3:25 am
I think you forgot to add “and can afford to live”, Mario, which is the only explanation why Vancouver and Victoria could have made it into the top 5.
December 14th, 2007 at 4:26 am
“We’re certainly seeing builders able to ramp up production over the last two or three months,” Muir said.”
and
“Peter Simpson, CEO of the Greater Vancouver Home Builders’ Association, said skilled tradespeople are still in short supply, “although we’ve had some cases where some people are available now.”"
I thought I was seeing some of the condo projects picking up speed. I think we might be surprised how much new inventory will be ready in the Spring.
Bring it on…
December 14th, 2007 at 9:18 am
In my neighbourhood in Kits the lowest selling price for a detached house has been 1.3 million for a tiny, small lot, tear-down. Right now there are two houses within a block of me that are completely abandoned. One went through the 3 month cycle with no bites and has been pulled from the market, many of the windows are now broken and it’s being used by kids as a party house. The other is owned by an agent and hasn’t seen an open house or any kind of visit in several months it has a biiiiig stack of couriers on the stoop, thick mass of leaves choking off the driveway , walk and garden.
Draw what conclusions you will.
BTW both of these houses are on larger lots and WERE in better shape than the one that sold for 1.3 mil.
December 14th, 2007 at 9:21 am
Patiently Waiting,
pick up your package here on vancouvercondo.info 1.Housing starts will surpass 18,000
2.unemployment
3.inflation
4.bank profit
5.immigration
6.population
7.hirings to top firings in Vancouver area
8.Vancouver’s office vancacy rate lowest in Canada by end of 2008
Chaps,It’s Ok,any body want some coffee?
December 14th, 2007 at 9:35 am
Now if we MERGE that with a recent graph of Vancouver housing prices we get:
THIS
More evidence that the bubble REALLY began in the ’80s, time will tell but I still put my money on hitting mid ’80s prices (adjusted) before this is all over.
December 14th, 2007 at 9:48 am
December 14th, 2007 at 11:36 am
December 14th, 2007 at 11:42 am
…and there are plenty of jobs elsewhere too.
December 14th, 2007 at 11:43 am
the smart money is gone, it left in the delusion stage
and satv is in the denial stage
firmly believing in the “new paradigm”
December 14th, 2007 at 2:15 pm
I can see the ads now:
“Experience the urban pulse of a home invasion six times a year. Starting at $679,900. Buy now for pre-construction pricing.”
December 14th, 2007 at 2:20 pm
Beauty is in the eye of the beholder. After suffering with Vancouver’s grey skies and rain for 17 years, I finally moved to Calgary. Cold, bright, fun, a wonderful place to live. Only problem Calgary has, I’m told, is the number of Vancouverites who are moving here and who, by their nature, are ruining the character of the city.
We lived through Vancouver at its best … it peaked in the late 1960s, early 1970s. It’s all downhill from here. Expect more drugs, drive-by shootings, gang warfare, a*hole, drivers pulling U-turns on main streets during rush-hour traffic, &c &c &c.
Over the next decade, expect daytime muggings and other violent crimes to become increasingly common at Kits beach, Wreck beach and Stanley Park (what’s left of it).
Do you remember “Escape from New York” (1981)? Rent it if you want a glimpse into where the once-beautiful Vancouver is going.
House prices will at least be low.
As for Calgary, its best times are still ahead.
No, I’m not on medications, lol. But now that I think about it, maybe I should be?
December 14th, 2007 at 2:51 pm
December 14th, 2007 at 3:01 pm
If you want urban beauty, go to Europe.
After suffering with Vancouver’s grey skies and rain for 17 years,
The rain and grey skies are indeed very depressing.
I finally moved to Calgary. Cold, bright, fun, a wonderful place to live.
I don’t like cold and I had no fun in Calgary when I was there. The city seemed very dull. It was sunny, though.
Only problem Calgary has, I’m told, is the number of Vancouverites who are moving here and who, by their nature, are ruining the character of the city.
Huh?
We lived through Vancouver at its best … it peaked in the late 1960s, early 1970s. It’s all downhill from here. Expect more drugs, drive-by shootings, gang warfare, a*hole, drivers pulling U-turns on main streets during rush-hour traffic, &c &c &c.
The gang warfare and crime have picked up considerably in recent months.
Over the next decade, expect daytime muggings and other violent crimes to become increasingly common at Kits beach, Wreck beach and Stanley Park (what’s left of it).
Do you remember “Escape from New York” (1981)? Rent it if you want a glimpse into where the once-beautiful Vancouver is going.
Man, the rain in Vancouver must have done a lot of damage to your psyche.
House prices will at least be low.
As for Calgary, its best times are still ahead.
I see the repeat of ’80s for Calgary.
December 14th, 2007 at 4:32 pm
Truthfully, I live in a very real world but, possibly unlike yourself, I don’t take myself or my musings excessively seriously.
I think thumbsup/satv is/are pretty solidly grounded too. I think he/she/they is/are toying with you, and some of you haven’t caught on yet. How long has this been going on?
—–
depresso thoughtfully and kindly suggested,
If you want urban beauty, go to Europe.
Indeed. Or, Africa. How I loved Africa!
Man, the rain in Vancouver must have done a lot of damage to your psyche.
Damage? Probably true enough, but I don’t think it was the rain that did it. Remember, I first came to Vancouver in the 1960s! (and went away and then came back).
No, man, not the rain. LOL!!
—–
condohype postulated that ads would read, “Experience the urban pulse of a home invasion six times a year. Starting at $679,900. Buy now for pre-construction pricing.”
A true visionary!
December 14th, 2007 at 4:41 pm
Age 0-1 year old: Born, 21 inches, 8 lbs 6 oz. Healthy Male. Parents have the highest expectations. Father a Postal carrier and veteran of foreign , mother a homemaker and volunteer at the rosary society.
Age 6: Attends Kindergarten. Gets a gold star for coloring between the lines.
Age 17: Graduates High School near the bottom of his class. His counselor thinks he is a late bloomer and has potential if he applied himself. He meets his future girlfriend on Christmas eve.
Age 20 - 24: - Started renting. He gave up on community college something about a Diploma Mill, and his girlfriend received piercing and body art. She understands his counter culture beliefs and finds him dangerous just what she likes. She supports his decision to drop out. His father suggests he take at Vancouver Parks Board as a labour. He says no thanks.
Age 25-29: - Still Renting. Moved a few times but scored a rent control apartment. Wages stuck at 24K a year, works the night shift at the local restaurant as a short order cook. Got full body art on his back to keep his Girl happy. He is not saving money and has 10K in credit card debt.
Age 30-35: - Still renting. Came home on night unexpected and found his girl with another man, quit his night job. Has a day time retail job at a peep movie gift shop store. Got a tattoo on his arms to impress the customers.
Age 35-39: Still renting. His girl broke off the relationship with him. She removed the jewelry from her tongue. Landlord kicked him out. A good friend said the parents tenants complained that the children were scared of him. He was given no reason. Completed court mandated drug treatment paid with tax dollars. His x girlfriend married another man older guy who owns a home within one year of dating. She had a baby boy, a multi caret diamond ring, and drives a Land Rover.
Age 40-45: Still renting. Lost his job. Customers thought he was too old for the position at the adult store. He works nights as a bar back. No retirement savings, and now he works off the books so no social security and Medicare is being accumulated for him. Goes back on drugs and gets evicted from apartment. Parents take him in against the Fathers will. He meets his X-Girlfriend in a Starbucks by luck. She is working out and looks like a movie Star. He offers to pay for the coffee but does not have enough money. She slips a $20 bill in his pocket and whispers in his ear “Harry Keep the Changeâ€
Age 46-50: Still renting. Gets a tattoo on his neck. His mother is pressuring him to get a tattoo removal. He strikes her, father calls police and he goes to jail. Gets beat up in jail. The judge denies counseling, and recommends jail time for assault.
Age 50-55: Still renting. He found a one bedroom hotel (Flop House) that he can rent for $25 a day. Got a job storing clothes at the Salvation Army clothes drop off depot. He becomes an occasional intravenous drug user. Sold his 21†TV and all possessions. Burned his family pictures.
Age 55-60: Still renting. Gets severe internal pain. Calls his parents. They call 911. He is diagnosed with Hepatitis C from a suspicious injection. He cannot afford the ambulance bill. He moves back with his mother who is 86 and fragile. His father passes away and leaves him his Purple Heart Metal. He gets $25 at a pawn shop for it. He is unemployable.
Age 60-62: Still Renting. His mother passes away and he inherits the home. He gets a property tax bill but prefers buying cheap vodka and deliverable pizza then pay the tax bill. The county negotiates that he does not have to pay taxes every half year but a tax lien is against the home. When the home sells the taxes will be settled before the sale. He will not be evicted. He avoids any social interaction. A non profit group pays for his Tattoo removal.
Age 63: He applies for Social Security and Medicare. He gets his first check $550 a month. The deed is mailed from the county with his name on it. He rejoices, finally a home owner. He has a severe heart attack and dies a homeowner. His body was found two weeks after his demise. The mail carrier noticed the mail stacking up in the mail box and looked in the window and noticed him belly up and contacted police. The mail carrier said he knew the family, the mans father trained his as a postal carrier some 30 years ago. Said the father was the nicest guy a vet, spoke to him on occasion. Everyone knows the son had life long problems. The county paid for his cremation. No one claimed the ashes for 24 months and he was buried with 1,000 other cremations in one grave. The home went to the state. The x-girl friend received a Will and an envelop with a wax seal of the infinity sign. The x-Girlfriend contracted the state and delivered the will. It seems the deceased left his entire liquid assets worth liquid $4,732 to his former Girlfriend from Community College. She donated the proceeds to Habitat for Humanity. The home was willed to the local Salvation Army. The Salvation Army has not responded to letters from the Estate attorney to claim the home. The state may auction the property off to satisfy the tax lien. She decides to open the letter on Christmas Eve, the anniversary they meet. Among friends and family she opened the high quality envelope and opened a letter, 2 old yellowed half torn concert tickets dropped out and on the letter the lyrics to a song. There was quiet in the room as all eyes were on her and tears rolled down her cheeks. She managed to compose herself and stood from the fine leather Chair of her beautiful home within a gated community and left the room. The letter folded in three fell to the floor and the last part of the lyrics lay visible for all to see. It read
“And she walked away in silence,
It’s strange, how you never know,
But we’d both gotten what we’d asked for,
Such a long, long time ago.
You see, she was gonna be an actress
And I was gonna learn to fly.
She took off to find the footlights,
And I took off for the sky.
And here, she’s acting happy,
Inside her handsome home.
And me, I’m flying in my taxi,
Taking tips, and getting stoned,
I go flying so high, when I’m stoned.”
December 14th, 2007 at 4:45 pm
As for Calgary, its best times are still ahead.
depresso added,
I see the repeat of ’80s for Calgary.
That’s what I mean! It’s a great place to live. Add a housing market crash and it will be an affordable great place to live.
Vancouver, alas, can never return to its former glory. Look at 4th Avenue and 10th up by UBC. Where (?) have all the old shops gone? Concrete and steel is all you’ll see within a few years.
Prediction: The Molson Brewery and Seaforth Armoury will be the next to bite the dust. Indeed, that huge piece of commercial land bounded by Burrard on the wast and West 1st on the south and (?) on the east, where the Molson brewery is, as well as the three-cornered apartment building (a landmark for many, many years) across Burrard Street … will all become a super-mall full of tacky shops, pseudo-gourmet fast-food restaurants … owned by … no, not the Chinese … but Dubai investors.
Ask thumbsup about this. He’ll tell you the plans are already on the table.
December 14th, 2007 at 5:14 pm
The condo boom will fade away soon (within 1 - 3 years) IMO.
60’s must have been great here. But you can still puff your self into the 60’s any time you want here in Vancouver.
December 14th, 2007 at 7:16 pm
great story! i laughed, i cried.
i noticed his life really went off track after he became a ho-moaner..
there’s a lesson in there.
December 14th, 2007 at 7:20 pm
December 14th, 2007 at 7:24 pm
“Truthfully, I live in a very real world but, possibly unlike yourself, I don’t take myself or my musings excessively seriously.”
Don’t you? I find it odd that you didn’t get the joke then…
December 14th, 2007 at 9:44 pm
If any of you bears had purchased real estate between (or before) the period of 2001 to 2003 you still would be far ahead of renters regardless of any crash or correction.
That being said I agree now is not a time that I would buy as a FTB, however as a long time observer of this and the old VHB most of you posters have been so bearish and negative that you have missed out and will probably rent forever. Unlike Satv and Thumbsup with his equally silly and optimistic dribble here are some facts.
Purchased 2001 ,@ 195K assessed value 395K, rent 1400, purchased 2002 for 274K assessed at 575K rented for 2150, SFH purchased in 1998 for 385K sold in 2007 for 1.4 million. Where were you bears”? If I were to purchase now I would be using free money! So what if the value falls 50% (dream on!) I still would be in a positive cash flow.
Can’t wait to hear the six or seven of you respond.
December 14th, 2007 at 9:47 pm
You are apparently unaware of the phrase “opportunity cost”.
December 14th, 2007 at 10:08 pm
of course, but since it’s 2007 going on 2008…
“That being said I agree now is not a time that I would buy as a FTB,”
see, even you agree
“…most of you posters have been so bearish and negative that you have missed out and will probably rent forever.”
you don’t know that for certain
December 15th, 2007 at 12:26 am
If I could make a suggestion, with global economics they way they are at present, your comments seem woefully juvenile.
December 15th, 2007 at 1:49 am
Yeah but we weren’t bears then, which is the point you appear to be missing. And that’s when I bought. So who the f#ck do you think you’re talking to?
You guys just don’t get it. The bulls seem to think that the bears think it’s never a good time to buy. That’s just not so. It’s a matter of value, just like any other purchase.
When opportunity knocks, answer the door.
And I agree with a previous poster. Vancouver was such a nice place to live in the 60’s and 70’s, and so much more affordable, that it makes me shake my head that anyone could think it’s worth the absurd prices that people are paying today.
December 15th, 2007 at 8:09 am
December 15th, 2007 at 9:07 am
Is he just a pompous gassbag who decided to post on here to bolster his ego by putting down those he sees as ‘inferior’ to himself.
Or is he some kind of a jerk playing the RE game who is now getting a case of the nerves and wants us to build a case for him to play it safe and sell now.
If A: I say we should tell him to go F**k himself.
If B: We should tell him to go F**k himself and do his own damn research.
I bet in High School he was one of those kids who copied off of other people’s tests.
December 15th, 2007 at 9:11 am
FAULT: Broken window fallacy
December 15th, 2007 at 9:24 am
This lasgavias is simply another “BEAR” like you and spin his angle to dent “thumsup”.His spin trying to say it was better if you bought around 2001 and folishness to buy know.
Robsnumber,
I had like your post and enjoying on same level as miss Sara magrayan curmudgeon.Your story does not match to mine but it’s worth posting and reading that so thanks rob.
WG2C,
I hope you doing fine there,for crime part how can some one dare to steal with frozen hands,so calgary could be crimeless can’t steel can’t run on snow trap.WG2C thanks to give some rants to “D”Gang.
Anybody else some other time.
December 15th, 2007 at 9:30 am
your graph is just an usual suspect graph like other,your desire to post here is also usual let me translate that graph for you.
1.there are nine stages on the last graph.
2.first three stages are bearish “dream”.
3.next six stages are optimistic spirit for “bulls”.
Because of remaining land size and look,Vancouver 2007 is different from 70,80. so your graph is just a “FEAR” for your self.
Do you ever go to see construction sites,I would say go CHAPS and tell me if price can match the projects from any angle.
About the graph if you don’t really know what I am talking about then taste this graph and story meant to entertain all the bears and bulls
“There’s buyers out there, but they’re just not buying. They’re sitting on the fence, waiting for (prices) to drop more. They’re going to see it drop and then they’ll wait for it to drop some more,” said Chuck Smiar, a Prudential Realtor in Escondido. “They all think it’s going to go to zero, and they’re going to be in for a surprise.”Bears and Bulls H2H
MERCI BEAUCOUP!ADIOS/AMIGO.
December 15th, 2007 at 1:10 pm
The guy goes on to show that “Chuck Smiar” the author of the above quote has absolutely no idea what he’s talking about because he said;
“I think it’s sort of a false drop, if there is such a thing in real estate,” Smiar said, in referring to the single-family home sector. “If anyone is going to buy, they better buy now, because things are going to turn around. We’re going to start seeing a slow increase in prices.”
Right after the first jolt hit the market and literally right before the bottom fell out. It’s interesting the you identify with the idiot who’s been proven wrong by the real world rather than the seemingly more intelligent author of the article who’s explaining just how much of an idiot Smiar really is.
December 15th, 2007 at 5:12 pm
A group of investors and financial institutions trying to find a way to restructure $33-billion of seized-up asset-backed commercial paper has failed to meet a key deadline for a proposal, setting the stage for a potential legal showdown between frustrated noteholders and investment dealers.
In a bid to avoid a default by the issuers, a group of financial institutions led by the Caisse de depot et placement du Quebec launched a plan to restructure the notes known as the Montreal Proposal. Under the proposal, the ABCP would be converted to longer-term notes with maturities linked to the underlying assets.
However, in the four months since the strategy was hammered out, credit markets worldwide have deteriorated to the point that many observers worry the new notes may prove just as illiquid as the ABCP they will replace.
December 15th, 2007 at 6:22 pm
Further to what Patriotz said in response to your rant….and using a stock analogy…..I really wish I’d bought Research In Motion (T:RIM) in 2001 which was trading at under $10/share and has traded over $120/share recently. I especially regret not doing so since wireless telecom is my industry, however, the REAL POINT is: WOULD I BUY IT TODAY?, trading at a P/E of 65x….NOT A CHANCE !
December 15th, 2007 at 6:34 pm
regarding “Seaforth Armory is a heritage structure I believe”, i wasn’t super serious about my suggestion, but still do see it as a possibility.
some years ago, before the olympic hype began, my father-in-law and his siblings had a terrible time selling a large industrial property on west 2nd because on one corner of the property there stood a very small shack that had been designated “heritage”… a number of prospective buyers backed away when they found out. as i understand it, the “heritage” designation was removed and they were able to sell.
in contrast, the molson property is too big and the public mood such that the “heritage” designation will stand for now.
but hey, does anyone know how much land has been lost from the agricultural land reserve? when answering, please consider that net figures may not be valid, given that golf courses count as ALR and agricultural land converted to golf courses wouldn’t count as losses.
but hey, does anyone remember when UBC used to be an academic institution but then became a land development company and started doing whatever they wanted with “their” land … conveniently ignoring the spirit of the original land endowment. Hey, don’t the Musqueam people still lay claim the endowment lands?
Since we were at one time talking about Kitsilano Beach, does anyone know its history? There was a good article in the Oct 6/06 Vancouver Courier. It was known for many years as “Greer’s Beach”! Kitsilano Beach is a “new” name, invented by businessmen around 1905.
Anyway, after the beach was taken from its First Nations inhabitants, and homesteaded by Samuel Preston, an Irishman named Sam Greer bought it (presumably all 160 acres) from Preston. After Greer and his family had lived on their land for 7 years, the CPR decided they wanted it. The solution? In 1891, the authorities locked Sam Greer up in jail for trying to defend his land. They rounded up Greer’s wife and kids, and their livestock, and put their belongings on a flatcar before burning their home to the ground. The story continues, but who won in the end? Rhetorical question. Even the name “Greer’s Beach”, which had stood for many years in Vancouver’s history, was eventually erased from memory. The current name, “Kitsilano” beach, was a name chosen by the railway, a pseudo-heritage butchered pronunciation of “Haat-sah-lah-nough”.
Speaking of “heritage”, do you know that the then-new government of the Belgian Congo decided to give their country a new name when they achieved independence in 1960. They gave it a name they were all familiar with, “Zaire”. The joke was that “zaire” was a borrowed word in their language, a butchered pronunciation of a Portuguese word that referred to the “river that swallows all rivers”, while the word “Kongo” was an “original” Congolese heritage word. They gave up “heritage” Congo for “pseudo-heritage” Zaire. LOL.
Kitsilano Beach is heritage? Yeah, both the name and the property are big company, big business heritage.
Although popular attitudes change, “who really runs things” doesn’t. Take pictures of the Molson site while you can. Show them to your kids when it’s gone.
Nothing, but nothing, stands in the way of real estate developers.
Isn’t that right, thumbsup?
———
drachen, friendly and polite suggestion: you really should lighten up … or you’ll be suffering from severe hypertension and making extensive use of a very large multi-compartment daily pill box when you’re my age. You might even end up with one of those pharmacist-prepared blister pack arrangements for people who have can’t properly manage their meds.
December 15th, 2007 at 8:25 pm
Rennie Marketing
December 15th, 2007 at 9:28 pm
December 15th, 2007 at 9:56 pm
Usually enjoy your posts, like you I am waiting for an overdue correction in the Vancouver market. Certainly I realize that I am not qualified to guess the timing or numbers. However I resist the temptation to gloat over the fact that my home is sold, with the tax free gains waiting in the bank for the day I think it might be wise to re enter the housing market again.When a bull posts trying to rattle your chain you might try yoga or tai chi, anything but taking the bait.maybe resist the urge to tell all the homeowners out there what fools they are to stay in their homes or dare post on this site.
Is it that hard to be humble? Just a thought, good night.
December 16th, 2007 at 9:32 am
you could be in-line on-line now and steer the command because well said but sold to soon like others.
Wg2c,
Sounds like you are in deep,extreme love with Vancouver but you have had bad experience as eye witness.
More and more it’s feel like you should be here while you are there, then what? then why? then,then oye?.
Drachen,
It’s Ok!
December 16th, 2007 at 9:37 am
Buy rocks today! They aren’t making anymore of them.
December 16th, 2007 at 9:45 am
Any sales this month? Does he still think real estate is cool, and that someday he will own some of it all over the world?
December 16th, 2007 at 10:23 am
It’s always a cinch on hindsight (20/20 vision) to make proclaimations. What if you had bought into the US market then?
Can you predict NOW what the Canadian dollar will be worth compared to USD in December ‘08, ‘09 or ‘10? What about RE in BC for those years? Give it a go.
December 16th, 2007 at 10:43 am
I have no problems with people who sold at or near the top, or people who hold property now as investment. I think the ones holding on are foolish but it’s not my problem.
I do have a problem with bulls like Lasgavias who are arrogant and put on airs of superiority because they happened to already be in the market when it started to rise and therefore believe that somehow that means they are ‘gifted’ with a nose for the market.
I also have a problem with people like Thumbs who insist in being involved in a debate in spite of having neither the mental prerequisites nor the inclination to properly study the subject matter but instead spout endless useless diatribes with little factual and no logical merit.
December 16th, 2007 at 10:59 am
i know from personal experience about these boxes, but i absolutely refuse to go for the blister pack things. pride gets in the way.
btw, i enjoy reading your dispassionate comments.
December 16th, 2007 at 11:06 am
December 16th, 2007 at 12:03 pm
SURREY -2.1%
WHITE ROCK -16.3%
LANGLEY -1.3%
ABBOTSFORD -0.1%
MISSION -6.1%
,but oh yes we are in vancouver
December 16th, 2007 at 7:01 pm
There is NO PRACTICAL SOLUTION to this problem outside of an immediate recovery in real estate conditions representing the average prices that existed in 2006. The chance of that is zero.
THIS IS IT! My vision for 2011 is ugly beyond your wildest imagination. Are your prepared?
1. Do you have paper certificates for your shares?
2. Are you still significantly in involved with Internet financial entities?
3. Are you in debt beyond your fully paid physical gold?
4. Are you in an ETF in precious metals where you cannot take delivery of paper certificates?
5. Do you have significant funds in time deposits at your local bank?
6. Do you have Federal T Bills in the non- dollar Cando and Swissy?
7. Have you seen to it that your family is in a strong position?
8. Have you protected your company treasury?
9. Have you, to the best of yours practical ability, eliminated agents between you and your assets?
10. Have you taken delivery of your coins from your coin dealer?
11. Have you withdrawn your cash balance from all banks and brokers? Do not forget Citi restrictions on the amounts of outgoing bank wire money transfers.
12. Are you charting your liquid net worth on a weekly basis?
13. Have you studied the simple TA I have offered you? When the world wallows in complexity the only defense you have is to return to simplicity.
14. Have you seen the DVD, “The Secret”? The greatest wealth you can have is self confidence, which is confidence in the SELF.
Last and most important, do you have insurance against the failure of the system to function? Gold is that insurance policy you pray you won’t have to collect on, but you will. Gold is going to $1050 and onward to $1650.
Regards,
Jim Sinclair
December 16th, 2007 at 7:10 pm
Now, on with the show…
December 16th, 2007 at 8:00 pm
One little teensy thing he forgot, if in fact there was a general financial melt down the rules of civilization in distress is that those that have something are generally murdered!
December 16th, 2007 at 8:17 pm
Oooops looks like Vancouver, the drug capital and drive by shooting capital of the world, has another victim as a home in Richmond was mistakenly firebombed last night by druggies who had been engaging in a drive by shooting terror campaign against a neighbors house.
And where are the RCMPigs? Busy tasering starving lost air travelers who God forbid destroyed a 20.00 keyboard.
The Best Place on Earth has the worst crime and worst police on Earth. One of my buildings parking lot was broken into a few nights ago and 22 cars were broken into.
Message to potential newcomers to Vancouver
WELCOME TO VANCOUVER….NOW GO HOME!
December 16th, 2007 at 8:20 pm
MUCH bigger and he’s not a greedy money grubber, hes trying to PROTECT you. But do you really know anything about him?
December 16th, 2007 at 10:55 pm
One question though, in the impending world meltdown, where will the reptilians be?
December 17th, 2007 at 2:41 am
December 17th, 2007 at 2:46 am
Meanwhile I have made 340% on my gold and silver purchases in 2002. Your kitty litter Knight St 1934 vintage stucco knockdown can’t even match that.
It must be awfully depressing for you to see gold over 750 an ounce. But wait, it will be double that within 1 year.
Remember…..all that glitters is not gold…..except for gold.
December 17th, 2007 at 2:55 am
My (Mish’s) comment: Gillespie could not possibly be more wrong about employment, lifestyles, or pent-up demand.
For more on the latter please see Pent Up Housing Demand In Pictures.
December 17th, 2007 at 8:41 am
When will the insanity end! http://tinyurl.com/create.php
December 17th, 2007 at 10:13 am
Hmm, so did David Koresh.
Oddly enough I don’t want a “following”. That’s what cult leaders do, you’re kind of making my point for me.
December 17th, 2007 at 11:21 am
Goldbard,
One question though, in the impending world meltdown, where will the reptilians be?
Click 4 Answer
December 17th, 2007 at 1:50 pm
December 17th, 2007 at 1:54 pm
m-r, i have an apocalyptic vision of vancouver in the future (kind of “apocalypse soon”), but i have to stand in awe of your “apocalypse now” view of things. well done!