Here's a sample:

“'It is easy to ignore the storm if you look at the opposite horizon. When the storm reaches your location there can be no more ignorance.'

…The 6,000 sq ft McMansion buying, BMW leasing, $5 Starbucks latte drinking, granite countertop upgrading, home equity borrowing days are coming to an end."

LOL!! Love that part!

Probably a bit too chicken little for some on here, but hey, it's the US not Canada! We're totally decoupled from the States, every bull knows that.

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financial advice from a sackfullofhammers.com

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The malaise in housing is now clearly being felt across most of the country, but nowhere more keenly than Calgary and Edmonton.

In Calgary, the average house home sold in July dipped to $413,371, a 10.1 per cent decline from a year earlier. Sales in Alberta’s largest city also fell 13.1 per cent from a year ago.

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"…Vancouver saw a 24% decline in the number of homes sold through the multiple listing service (MLS) through the first seven months of the year, with prices continuing to climb to an average of $610,306. However, on a month-over-month basis, the number of MLS sales plunged 44% and the average selling price was down by 1.0% to $575,256…"

http://www.economicnews.ca/cepnews/wire/article/1…

"…But in some markets, home prices have risen faster than can be justified by economic fundamentals, the report says……In Canada, the forecast is for a moderation in price growth but no downturn, the report says…Canada appears to be less at risk, the report says, because recent house price levels 'appear to be roughly in line with fundamentals.'"

The second article says Canada is more in line with fundamentals, as a whole. We all know Vancouver's contribution to the whole of Canada in this record.

I think next year after the completion of many of the mega-projects and more condos, the glut of inventory will be huge. The profit margins are being erased for flippers and developers. If interest rates go up it will be the "perfect storm". If that happens Shiller will once again be able to say he called it when he said Vancouver was one of the bubbliest cities in the World.

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http://tinyurl.com/6kyld7

a San Diego developer is offering a "buy one, get one free" deal, pairing million-dollar homes with less expensive homes.

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Sorry for the mixup.

Regarding bigfoot, I guess we will know tomorrow….

Will really give a boost to those "Olympics" we will be having – one of the mascots is a Sasquatch.

"Buy a condo in Kelowna with views to the newly discovered Sasquatch habitat"

"Buy a condo in Vancouver before the rich Sasquatch come over and invest in RE"

"Everybody wants to live here, even mythical creatures…"

Regards,

arit

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That was me, not blueskies. That photo of a wet gorilla costume with chicken guts spread on top is about as convincing as anything the bulls have, I'll give you that.

I like the context of the bigfoot photo too, right above Nazi world war 2 era UFOs that fly using zero point energy and were being used as torsion field generators for purposes of time travel. Strangely enough I actually met a guy once who swore it was true, when asked why there's no proof he said, "Why else do you think the Americans were so eager to recruit all the German scientists!"

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did you hear about the russian billionaire who is interested in buying the Hummer from GM?

would you buy a russian built Hummer?

would you buy the whole company?

i'm assuming you are not a billionaire if all

you can buy is one Titan

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Thanks for the advice you are a thoughtful man.

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