Friday Free For All!
Local Edition! Friday is open topic time at VancouverCondo.info, here’s a few story links to get you started:
-Rat hotel must stay open
-10% property tax increase next year?
-Immigrants face unreliable income
-UN Human rights complaint on Van housing
-Why Vancouver RE is safe and profitable
-Surrey homeless numbers up 15%
-Bob Rennie is pro-density
-$10 million to clean up Vancouver
-Kelowna condo project financial problems
So what are you seeing out there this week? Post your news, links, and anecdotes here and have a great weekend!
RSS 2.0 comments feed. Both comments and pings are currently closed.
April 15th, 2008 at 7:07 pm
“If you’re not buying gold then you’re probably mental,
“Because gold is not only your best friend, but it is the One Sure Thing (OST) that is going to protect your sorry, stupid, trusting, gullible, nasty butt against the inflationary parasite monsters that will soon be inflicted upon you, one way or the other, by a desperate Federal Reserve and a desperate government, and your bodily fluids will be sucked out through your money until you are a drained, lifeless, bankrupted husk, and you will die an ugly, painful death with the sound of the Mogambo’s laughter ringing in your ears, going ‘Hahaha! I told you to buy gold, silver and oil, but did you? No! And now you are broke because your stupid, precious American dollars are so debased that they don’t even buy (in the original Latin) ‘el squato’ anymore, and you thus you see first-hand how Darwinian evolution kills off the stupid and unfit, which, in this case, is you, you moron!”
April 14th, 2008 at 4:12 pm
-A-, thanks for the link (this is the permalink). Garth touches the “subprime” issue around high LTV loans, RRSP withdrawals and, most importantly, how nobody in the lending chain seemingly has an incentive to seriously check the future risks.
He misses the other 900 pound gorilla: stated income.
April 14th, 2008 at 3:19 pm
No money, No problem:
Because we don’t have sub-prime:
http://www.greaterfool.ca/
“The sale is recorded by the local real estate board, showing other buyers the market is vibrant, even though prices are at historic levels and affordability levels have plunged. Reporters write stories about robust housing statistics, and bank-employed economists cite sales and prices as evidence the market fundamentals are solid.
I mean, what’s the problem?
It could never happen here.”
April 14th, 2008 at 2:48 pm
CBC has article on tighter credit conditions in Canada. And don’t go inferring what this will mean for mortgages.