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/cep.....cle/108760

“…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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Thanks for the advice you are a thoughtful man.

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“Anyone who thinks the market will be seeing these prices in a few or even in ten years probably also believes in Unicorns, Leprechauns and the Sasquach.”

CAREFUL, very careful with those metaphores!!!

“August 13, 2008 – Bigfoot Body Found in Georgia?

DNA and photo evidence to be presented at press conference August 15, 2008″

from: http://www.earthfiles.com/

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Do you know any other made up quotes from retired Canucks? I find ex professional athletes to be the most well read and intelligent investors out there right after hairstylists and coffee baristas.

Let me know because inquiring minds want to know?

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First look at this for the New York prices:

http://www.millersamuel.com/reports/
Or type in your own google search

For verification of the Vancouver Prices go to the MLS and select Coal Harbour from within Vancouver West.

I know fully well that Vancouver is not New York and that’s why it’s preposterous that prices would be anywhere near them. Common sense indicates a World Trade Center with all sorts of head offices, wall street, corporate headquarters (high paying jobs) and 30 million people trump a small tourism (starbucks, Rob A),forestry and mining town and of course krissh/satv legendary warehouse job that pays 6 figures (if you can’t the decimal points).

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I don’t understand…why is that bad news??

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“a couple of years to 10 years…..
i’d lean to the longer term just ’cause
i’m a bear….”

From the crash of 1981 it took about 20 years for real prices to hit that high again. Every possible fundamental marker shows that we are way deeper in the crap this time around. Anyone who thinks the market will be seeing these prices in a few or even in ten years probably also believes in Unicorns, Leprechauns and the Sasquach.

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“Good move on the developer, for the price they paid it will rent cash flow positive and when the market comes around in a couple of years they can sell at a profit.”

Well if you have some numbers I’d love to see them. Otherwise you’re making a pretty wild guess here. Especially the part about the market coming around in a few years, that’s a knee slapper that is!

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quote 2
for the price they paid it will rent cash flow positive and when the market comes around in a couple of years they can sell at a profit.

a couple of years to 10 years…..
i’d lean to the longer term just ’cause
i’m a bear….

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satv, you should sell your shitty spectrum studio as soon as possible. soon its price will be in the five figures range. $89,999 sounds about right.

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In seperate note rents for spectrum jump 100% in four months from previous high and recently rents are threatning dummers to get back to their units before its too late.in another note:$20000 / 5br – LUXURIOUS WATERFRONT HOME-PostingID: 795537687.for this much,more than 6 bears can buy condo worth more than 300k.

“In last decade i have purchased few condo those worth double triple than what it cost me at time of purchase,now i don’t have to work hard to win stanley for my city i have announced my early retirement earlier while smart buyers and fool sellers will be countinue….”-Trevor Linden

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