Comments on: High returns or security

By: Warren

Warren — Thu, 12 Jun 2008 20:59:37 +0000

Aleks,

Please provide a link with the amount of these cost overruns.

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By: Aleks

Aleks — Thu, 12 Jun 2008 20:54:28 +0000

The skytrain won’t disappear, but neither will the debt from cost overruns.

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By: umdesch4

umdesch4 — Thu, 12 Jun 2008 15:58:36 +0000

-b Too true. A friend at work is going through this now. He bought a new place, and it was delayed over a year. When he finally got to the walkthrough last week, there were a ton of problems…wrong colours, cracked tiles, chipped bathroom sink, heavy floor damage, etc.

I guess I was thinking more of infrastructure. High property value means high taxes, which means stuff like the new skytrain line, etc. Those things won’t all go away once the correction comes.

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By: digi

digi — Thu, 12 Jun 2008 14:51:07 +0000

Speculation encourages a construction boom, increasing supply and making future prices and rents more competitive. Just look at all the articles out of the states about developers selling houses with ‘two for one’ deals, renters having tons of empty places to choose from at reduced rent, or ‘foreclosure bus’ tours. Using up future demand today just means better deals once the speculators are wrung out.

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By: -b

-b — Thu, 12 Jun 2008 14:50:46 +0000

… blueray is an improvement but the new condos suck.

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By: umdesch4

umdesch4 — Thu, 12 Jun 2008 05:13:05 +0000

Actually, I understand the sentiment of that article linked above. It’s very much like “early adopters” of technology.

Of course it never really works out for the early adopter, as they get stuck with a piece of obsolete hardware they paid way too much for (HD-DVD, anyone?), but their willingness to throw money at this stuff benefits the industry as a whole.

I hope that’s a decent analogy…

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By: blueskies

blueskies — Thu, 12 Jun 2008 03:02:47 +0000

craigslist word search “desperate”

http://tinyurl.com/6r8bo8

interesting!

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By: Brittanny Spears

Brittanny Spears — Thu, 12 Jun 2008 02:39:49 +0000

Bubble sheeple people herds ran the market up the hill, now they have changed direction. Always the same. You would think it would change, but it never does. I think it is because the fundamental psychology of human behavior has not evolved much in the last 100 years or so.

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By: Drachen

Drachen — Thu, 12 Jun 2008 02:30:49 +0000

Jesse

Well none of it really makes much sense. It’s kind of like saying it’s great when your arm gets amputated because you get to try out the wonderful new prosthetics these days!

It’s looking at the positive side of a bad thing but ignoring the bad side. I’m quite certain the positives of the housing bubble will not outweigh the bad, except perhaps if governments finally decide that the boom/bust culture needs better regulation.

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By: jesse

jesse — Thu, 12 Jun 2008 01:42:08 +0000

“entrepreneurs can tap into the legions of users who were coaxed into the market during the bubble”

Yeah. How do I tap into those owners with negative equity exactly?

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By: bdk

bdk — Thu, 12 Jun 2008 00:28:38 +0000

Great Article -A-

I especially liked this part. Perhaps as a joke a few of us can buy Satv/Krissh/idiot/thumsup crappy studio when he goes bankrupt.

One other thing dunce, did you imply earlier that a Bosa has never gone bankrupt? I know you won’t answer that but you’re mistaken if you think it hasn’t happened.
Secondly if you really sold your place give me the MLS number I can check it on the Xchange.

“”The stuff built during infrastructure bubbles—housing and telegraph wires, fiber-optic cable and railroads—doesn’t get plowed under when its owners go bankrupt,” writes Daniel Gross in Pop! Why Bubbles Are Great for the Economy. “It gets reused—and quickly—by entrepreneurs with new business plans, lower cost bases, and better capital structures. And when new services and businesses are rolled out over the new infrastructure, entrepreneurs can tap into the legions of users who were coaxed into the market during the bubble.”

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By: rx

rx — Wed, 11 Jun 2008 23:55:41 +0000

It could be a good time to lock in some of that cheap credit if you can find a deal - if interest rates start going up to combat inflation it would be better to have large debt at todays super-low rates than chasing rate increases uphill.

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By: -A-

-A- — Wed, 11 Jun 2008 23:38:00 +0000

“Men Think in Herds
Bubbles are the most fascinating and frightening stories in finance. The dot-com and housing market bubbles are only the most recent episodes of speculative frenzies, a legendary history that includes debacles such as tulip mania, the South Sea Bubble, the Mississippi Bubble, and the Roaring ’20s”

But none of these manias come close to the Vancouver Housing Bubble.

http://www.businessweek.com/in....._top+story

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By: Warren

Warren — Wed, 11 Jun 2008 23:28:51 +0000

Bad economic signs does not equal fraud. There are still good investment opportunities in commercial projects, and probably some residential somewhere.

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By: ted

ted — Wed, 11 Jun 2008 23:25:10 +0000

One bad business man doesn’t mean the whole sector is a bad investment.

No, what makes the sector a bad investment is the fact that its overpriced driven by loose credit and speculation. That combined with a negative outlook for the economy in general, falling incomes and skyrocketing inventory as people try to cash out make the sector a bad investment in most of BC.

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By: Lager not Logger

Lager not Logger — Wed, 11 Jun 2008 22:57:39 +0000

Comment #17! HAHAHA

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By: Lager not Logger

Lager not Logger — Wed, 11 Jun 2008 22:46:03 +0000

Dosh do you make any distinction between investing and gambling?

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By: /dev/null

/dev/null — Wed, 11 Jun 2008 22:45:55 +0000

I think the issue is that the risk was misrepresented. A common theme lately.

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By: Dosh

Dosh — Wed, 11 Jun 2008 22:42:30 +0000

Investors that have made high returns on realestate investing aren’t complaining. One bad business man doesn’t mean the whole sector is a bad investment.

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By: -A-

-A- — Wed, 11 Jun 2008 21:39:04 +0000

“Multimetro, run by Vancouver businessman Ken Megale, raised most of the money from mom-and-pop investors. He promised them extremely high rates of return and assured them it was a safe, fully secured investment.”

When it sounds too good to be true…….

I won’t shed a tear.

Hey Thums up,(Rob) I stopped posting on your blog, but somehow it’s become a gong show without any effort on my part. Gongrats, have you thought of charging people to visit? It’s quite entertaining.

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By: bdk

bdk — Wed, 11 Jun 2008 21:15:53 +0000

Can anyone else understand what Krissh is trying to say here?
Is she trying to do a book report on a book which she hasn’t read? Imagine Satv reading a book!
It’s good she has a dream. You haven’t told me anything you’ve written a bunch of words, I know five year olds with more brains than you.

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By: Thums up2

Thums up2 — Wed, 11 Jun 2008 20:58:37 +0000

Van Zee
Rudyard Kipling also wrote a book called “THE ROAD NOT TO BE TAKEN”the story apply to the guys who Scientifically are bears look for the reason to ride market cyclically as Bears say:Oh prices are going up there is a bubble against fundamental,Oh prices are going down there is no bottom in sight then countinue….btw the road they have chose has nothing to do with the life term other than lurk!lurk!lurking to kill their option and oppertunities when they realise sometime in future then they come to know that was a road not to be taken.

Bdk,
It doesn’t matter what we drive when we know what is entrepreneur we can easily drive bears out with bubble.

“How is driving a pallette jack related to being an entrepreneur?”

I don’t have to confirm weather you are right or wrong but told you already most jobs are not based on education but jobs are based on rates of pay,likeness, and oppertunities. no body like to sit on eggs but attempts make our dreams come true some time,some time not.I had chose my occupation and bought a principle residence and side kicks to make it big in 2011 that would be the final milestone with in 13 year -11 included -nothing to worry after that so i have decided the bearish road not to be taken in my life.

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By: Drachen

Drachen — Wed, 11 Jun 2008 20:52:54 +0000

“How is driving a pallette jack related to being an entrepreneur?”

It’s pallet. A palette is a board for paints. A pallet is a platform for transportation and storage of goods. Pallette is not a legitimate word.

Sorry, I’m not normally one to jump all over improper language but I just found the image of Krrish driving a forklift around with a little artist’s palette amusing

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By: /dev/null

/dev/null — Wed, 11 Jun 2008 20:24:50 +0000

Entrepreneurship requires you to think outside of the box. He deals with boxes every day and he is inside none of them. (Step 2 is the thinking, which is coming along more slowly.)

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By: bdk

bdk — Wed, 11 Jun 2008 20:17:09 +0000

“first step to learn in bussiness or invetments required an interpreneure skill”

Okay Krissh.

So I work at one of the worlds largest companies where a grade 5 education simply wouldn’t cut it.
What is it that you do?

How is driving a pallette jack related to being an entrepreneur?

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