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While not all bulls are stupid, all stupid people are invariably bulls.

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http://www.nvcondos.ca/aPage.jsp?aPageId=2

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Beautiful! You win the quote-of-the-week contest!

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re: childcare in Canada

just for the record - Canada has one of the worst records re:providing childcare - in the industrialized world

and other countries have found that when they provide free childcare, their overall social expenditures diminish exponentially, because single parents are able to work.

o.k. - back to real estate

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because 99% of the bulls on this blog are really just the split personalities of satv. All of them prefer to intentionally mangle their english just to twig the bears.

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allright. free healthcare? is it really free? my employer pays my msp fees. does that make it free? If it were free, how does big pharma and the health system make money? It looks free, but it’s not, is it?

“Child benefits,child care for low income earners” - what? low income earners? How could the rich immigrants be low income earners if they make gazillions flipping real estate? Or do you mean they arrive rich and then turn poor after getting here? That sounds like a great way to attract immigrants, don’t you think? “Arrive rich, become poor”.

“return of the amount paid for as child care are all part of child care programme” - again, it shows you have no kids. what on earth are you saying? Every dollar I pay towards child care is coming back to me? Ha ha ha ha. Are we talking about the same vancouver best place on earth here?

“free education till grade 12″ - yeah? Well, a few years from now, you think a grade 12 education will get you a good job? Sure, you may be doing well now, but the next generations, well, they may find it tougher.

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But in many cities today, house-price declines are so severe that potential buyers are staying on the sidelines, fearful of further collapse. The result is declines that are deeper than need be to restore affordability.

Wrong. You haven’t restored affordability until buying is cheaper than renting, and the US markets are still not close to that. That’s what’s needed to get people buying again.

http://www.nytimes.com/2008/05.....9mon1.html

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I have tried to make contact with some of the realtors on Rob’s site, but every time I post, I get a “your comment is waiting moderation” comment.

Is anybody else in the same situation?

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This is the famous “predicting the past” methodology pioneered by the NAR et al south of the border:

1. If the market increased last year by over 10%, cut the number down a bit for next year so you don’t look overoptimistic (BC, Sask, etc.).

2. If the market increased by less than 10%, just predict about the same (Eastern Canada).

2. If the market fell last year, predict a small increase next year, i.e. call the bottom (Alberta).

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I love the desperation coming from these clowns. Anyone wonder if Rennie is fully vested in the Vancouver RE market? I mean what happens to his income when there are no new condos to be built for the next 10 years? I’ll bet that clown is lying awake nights with a barf bucket beside his bed. After all if the “Donald” couldn’t stay whole through the last turn with his Daddy’s money how will East Side Bob make it?

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Ulsterman, it just mean we have weather. Rain, lots of it, overcast skies, lots of them. They’ve heard that people are starting to think that Vancouver is a good place to go, and as a public service they are warning people by telling them about the weather.

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You seems to be agree with other benefits two points you have single out about rich and free child care.

“why would the rich immigrants care about welfare? they can just buy and sell leaky condos to make a living”.

This type of environment is good for investor from all category because the city is definitley carry built in immune system from the jerks of nature or human control nature.People can extend their efforts to touch the heights because every body knows there is some one to privide the essential needs of life for them and their families.

“”free childcare? in vancouver? clearly you do not have kids. or you are a kid”.

Child benefits,child care for low income earners,return of the amount paid for as child care are all part of child care programme,it is also available to single parents without any charge,I believe there is no other country provide this other than Canada and UK.

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CMHC says prices of existing houses will rise this year by 9.3 per cent in B.C., 3.6 per cent in Alberta, 26.1 per cent in Saskatchewan, 13.5 per cent in Manitoba, 3.5 per cent in Ontario, 4.7 per cent in Quebec, four per cent in New Brunswick, five per cent in Nova Scotia, three per cent in Prince Edward Island and 10.5 per cent in Newfoundland and Labrador.

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why would the rich immigrants care about welfare? they can just buy and sell leaky condos to make a living.

free childcare? in vancouver? clearly you do not have kids. or you are a kid.

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I don’t think country other than Canada and United Kingdom provide health care,welfare,and childCare plus free education till grade 12.

For your point towards bali I don’t think any bear can go buy there in fear of another blast on threat.

Yeah people can move to any country through their networks that’s mean population in most livable cities and world class cities countinue to increase but those cities have nothing to cut from vancouver. so even if we follow your recomendation still there is no risk of downturn in Vancouver,Vancouver will pick it’s share year over year.

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And it is also true they prefer a 4o year mortgage to encourage some of their wives to take jobs at Tim Horton’s

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You don’t even have to be that old or experienced to have lived through an economic downturn in Vancouver - housing is a market which like all other markets rises and falls. You can’t time the top or bottom of the market, but you can compare housing cost to rental value. Rents are what people are willing and able to pay for housing, its ‘actual value’ without the distortion of investment manias.

One of your key arguments seems to be that there are wealthy people in the world, and this will keep our market from crashing, but why would a multi-millionaire want to buy any off the thousands of 600 sq foot condos downtown? There will always be a difference between the high-end housing market and the ‘normal’ market.

Rich people don’t need mortgages, so what do you think would happen here if we did away with lending?

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May 19th, 2008 at 2:16 pm
“why would all those newly weathly folk want to move here then?”
For quality of life.

So why aren’t we all moving to Bali then? If the eastern economies are going to move all the wealth there instead of here (as Jun suggests), then health care, job prospects, etc will no doubt be better there, no?

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