http://www.spectator.co.uk/the-magazine/business/…

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"expression of his feeling about the way thing should be"

Exactly! it was his feeling, it was not fact.

As for your repeated comments about Garth Turner, he has always said that boomers who have most of their money tied up in their houses should consider selling. He is an MP and makes a lot more than your typical warehouse worker, he'll also collect a large pension for life.

He is not saying "I'm an idiot and I bought a condo at the peak and think everyone else should buy at the peak so they can be like me" you're confusing yourself with him.

Do not get confused about who you are as you will never be an MP and will never be able to buy a house thirty or forty years ago like he did. His points apply here. There are hundreds of land rich and cash poor baby boomers in Vancouver west who have 90% ,or more, of their equity in their house. You never want to have all your eggs in one basket.

To dumb it down for you:

Imagine if you had $1.5 million dollars solely in tech stock ,that you bought at it's peak price in early 2000, because some warehouse worker told you that it would never go down, would this have been a good idea?

Wouldn't it have been better to have bought a house and some bonds too? Or some art. Or the best investment

Rare Stamps!

Posting under different names won't fool anyone. There is no one else on here who writes like a 7 year old girl.

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that's not true that was just expression of his feeling about the way thing should be so while asking you that question about tax return he also declare his exit with this

"I think this will be my last post here"

so his question was in flash back to change around as what should have done to be wise.

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2.In school if I wrote an essay without doing any research and cited all sorts of my own "facts" which were obviously made up and then for the bibliography wrote "why don't you give me your tax returns and i'll show you" it would not have passed.

Tom Vu's reaction proved he was making it up.

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well said-t.hu is very smart,he did not spend a minute to figure out what the hell is going on here.

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Christine, I have to agree that I find many comments here pretty insulting. The frustration with many long-time commenters here is that many of the arguments used to promote the "bull" case are filled with half-truths and in some cases blatantly incorrect information and logic. I think most commenters on this blog don't show up just to insult someone (though maybe there are those that do) and have a genuine interest in dispelling some of the myths floating around.

I have found some of the best comments come across as curt and agressive but that's because these commenters are smart, have done their research, and have answered the same questions over and over again for years now. I don't think it's anything personal; just be prepared to defend your position against some significant and well thought critique. I've made a few comments/arguments here that were shot down in no time flat. I sucked it up and learned from it.

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I am a bear about where this market is headed, but I don't need to validate my position by making all homeowners feel like overextended idiots.

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Well, that just says it all, doesn't it? Confronted with numbers the troll scampers away in defeat to lick its wounds.

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