Comments on: Friday Free-for-all! http://vancouvercondo.info/2008/09/friday-free-for-all-37.html Bubble? What Bubble? Wed, 08 Feb 2012 23:44:41 +0000 hourly 1 By: Mr. Market http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26201 Mr. Market Mon, 15 Sep 2008 15:09:31 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26201 Everything in finance is relative to everything else. to say it another way, there is no hitching post in the financial universe. The value of cash relative to stuff will skyrocket and the value of stuff relative to cash will plummet. This will reach rediculous levels before reversing to norma.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26201">0</span> <small>(to vote for this comment, please visit the site)</small></p> Everything in finance is relative to everything else. to say it another way, there is no hitching post in the financial universe. The value of cash relative to stuff will skyrocket and the value of stuff relative to cash will plummet. This will reach rediculous levels before reversing to norma.

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]]> By: ForeignerX http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26197 ForeignerX Mon, 15 Sep 2008 06:42:52 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26197 When four of the strongest bank in America are on the verge of collapsing: I m shit scared...<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26197">0</span> <small>(to vote for this comment, please visit the site)</small></p> When four of the strongest bank in America are on the verge of collapsing: I m shit scared…

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]]> By: John http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26194 John Mon, 15 Sep 2008 05:08:49 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26194 As the stock market continues to soar in the US the housing market in Canada will follow. It's evident that rich asians and albertans have sold out of the TSX and will put that money into condos in Vancouver. That's the last safe bastion along with SUVs and boats. I also think that wiskey is a good investment and so I've been building up a stock of single malt.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26194">0</span> <small>(to vote for this comment, please visit the site)</small></p> As the stock market continues to soar in the US the housing market in Canada will follow. It’s evident that rich asians and albertans have sold out of the TSX and will put that money into condos in Vancouver. That’s the last safe bastion along with SUVs and boats. I also think that wiskey is a good investment and so I’ve been building up a stock of single malt.

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]]> By: Bluesman http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26193 Bluesman Mon, 15 Sep 2008 05:08:07 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26193 Thanks, Patriotz. You ROCK, TOO! Excellent explanation. So I don't have to worry about missing the cash bubble now. I can sleep easy tonight. Wish I could say the same for all those who are long in the stock market:) G'night folks, and think of what the employee from Lehman interviewed on CNBC said, hey put it all into perspective, it's not 9/11. We're all alive and well and life will go on.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26193">0</span> <small>(to vote for this comment, please visit the site)</small></p> Thanks, Patriotz. You ROCK, TOO! Excellent explanation. So I don’t have to worry about missing the cash bubble now. I can sleep easy tonight. Wish I could say the same for all those who are long in the stock market:) G’night folks, and think of what the employee from Lehman interviewed on CNBC said, hey put it all into perspective, it’s not 9/11. We’re all alive and well and life will go on.

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]]> By: patriotz http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26192 patriotz Mon, 15 Sep 2008 05:06:45 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26192 <i>Approximately 10.7% of the province’s annual output and more than 10% of the province’s employment is driven by residential construction. This from the provincial government report on the Leaky Condo Crisis I.</i> And note that report is from 10 years ago, during the rule of the evil Glen Clark and the late 90's RE minibust. How much higher do you think that figure is today?<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26192">0</span> <small>(to vote for this comment, please visit the site)</small></p> Approximately 10.7% of the province’s annual output and more than 10% of the province’s employment is driven by residential construction.

This from the provincial government report on the Leaky Condo Crisis I.

And note that report is from 10 years ago, during the rule of the evil Glen Clark and the late 90′s RE minibust. How much higher do you think that figure is today?

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]]> By: patriotz http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26191 patriotz Mon, 15 Sep 2008 04:58:41 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26191 <i>So to be a bubble people would have to pay me way more for my cash than they are willing to pay me now. Vancity is only paying 3% or so on term deposits.</i> A term deposit is a bond, not cash. You have an asset bubble when the market price of an asset is more than it is really worth, or in other words when the yield on that asset is too low. So you have a bond bubble when bond prices are too high, i.e. interest rates are too low. If the term deposit rate went up to, say, 10% without a corresponding raise in inflation expectations, that would be a bond antibubble aka bust, not a bubble. You cannot have a bubble in cash because cash has no time value by definition. Nobody is going to pay you $20 for a $10 bill.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26191">0</span> <small>(to vote for this comment, please visit the site)</small></p> So to be a bubble people would have to pay me way more for my cash than they are willing to pay me now. Vancity is only paying 3% or so on term deposits.

A term deposit is a bond, not cash. You have an asset bubble when the market price of an asset is more than it is really worth, or in other words when the yield on that asset is too low. So you have a bond bubble when bond prices are too high, i.e. interest rates are too low.

If the term deposit rate went up to, say, 10% without a corresponding raise in inflation expectations, that would be a bond antibubble aka bust, not a bubble.

You cannot have a bubble in cash because cash has no time value by definition. Nobody is going to pay you $20 for a $10 bill.

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]]> By: rentah http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26190 rentah Mon, 15 Sep 2008 04:18:32 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26190 Garth: Van Eeden stopped publishing his explorer picks some time earlier this year, then went almost all into bullion, then changed his money supply calculations and calculated that gold was worth $760, all in time for gold to plummet to <$750. Pretty impressive, although the timing was a bit lucky (as I'm sure PvE would agree). He is, however, predicting that the true 'value' of gold will continue to inflate with the money supply, which means about 8-12% pa. Regarding "Do you have any other good places to read?" I use fallstreet.com as a good portal (and a bit of sensible commentary) with a skeptical edge. Also like some of what you find on itulip.com patriotz: agreed, deflation & inflation not mutually exclusive. But it is worthwhile considering the overall effects on liquidity/money supply, esp when deciding on the big investment question: Cash or gold? (or various surrogates of each).<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26190">0</span> <small>(to vote for this comment, please visit the site)</small></p> Garth: Van Eeden stopped publishing his explorer picks some time earlier this year, then went almost all into bullion, then changed his money supply calculations and calculated that gold was worth $760, all in time for gold to plummet to <$750. Pretty impressive, although the timing was a bit lucky (as I’m sure PvE would agree). He is, however, predicting that the true ‘value’ of gold will continue to inflate with the money supply, which means about 8-12% pa.
Regarding “Do you have any other good places to read?”
I use fallstreet.com as a good portal (and a bit of sensible commentary) with a skeptical edge.
Also like some of what you find on itulip.com

patriotz: agreed, deflation & inflation not mutually exclusive. But it is worthwhile considering the overall effects on liquidity/money supply, esp when deciding on the big investment question: Cash or gold? (or various surrogates of each).

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]]> By: Still Keeping an eye on the pimps http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26188 Still Keeping an eye on the pimps Mon, 15 Sep 2008 02:31:00 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26188 “Osoyoos realtor Carol Youngberg said the 497 figure does not include units for sale in unfinished buildings such as the Indigo condominium development and the Watermark Beach Resort and that with those units included, the number of available properties in Osoyoos could be close to 700.” Interesting:"the Indigo condominium development" Isn't that the one Bill Good's buddy Neil was pimping on the same radio station? Something to do with last chance, waterfront, best place on earth etc.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26188">0</span> <small>(to vote for this comment, please visit the site)</small></p> “Osoyoos realtor Carol Youngberg said the 497 figure does not include units for sale in unfinished buildings such as the Indigo condominium development and the Watermark Beach Resort and that with those units included, the number of available properties in Osoyoos could be close to 700.”

Interesting:”the Indigo condominium development”

Isn’t that the one Bill Good’s buddy Neil was pimping on the same radio station?
Something to do with last chance, waterfront, best place on earth etc.

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]]> By: Bluesman http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26187 Bluesman Mon, 15 Sep 2008 02:02:18 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26187 squidly77 YOU ROCK, MAN!<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26187">0</span> <small>(to vote for this comment, please visit the site)</small></p> squidly77 YOU ROCK, MAN!

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]]> By: Bluesman http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26186 Bluesman Mon, 15 Sep 2008 01:51:31 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26186 Holy cow, Batman.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26186">0</span> <small>(to vote for this comment, please visit the site)</small></p> Holy cow, Batman.

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]]> By: squidly77 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26185 squidly77 Mon, 15 Sep 2008 01:11:53 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26185 lehman bros is gone merril lynch is gone AIG needs to raise 50 billion over night the centre cant hold its blowing apart allon cnbc live hang on comrades we are in for a rough ride<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26185">0</span> <small>(to vote for this comment, please visit the site)</small></p> lehman bros is gone
merril lynch is gone
AIG needs to raise 50 billion over night
the centre cant hold its blowing apart
allon cnbc live
hang on comrades we are in for a rough ride

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]]> By: oziijjiizo http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26184 oziijjiizo Sun, 14 Sep 2008 22:36:06 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26184 interesting take on American "Alt-A" mortgages..... can't happen here folks! http://tinyurl.com/4lrcxy <i>About 3 million U.S. borrowers have Alt-A mortgages totaling $1 trillion, compared with $855 billion of subprime loans outstanding, according to Inside Mortgage Finance</i><p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26184">0</span> <small>(to vote for this comment, please visit the site)</small></p> interesting take on American “Alt-A” mortgages….. can’t happen here folks!

http://tinyurl.com/4lrcxy

About 3 million U.S. borrowers have Alt-A mortgages totaling $1 trillion, compared with $855 billion of subprime loans outstanding, according to Inside Mortgage Finance

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]]> By: Montery http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26183 Montery Sun, 14 Sep 2008 20:48:43 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26183 Hey folks, Not to swing things too far off topic, but I was just googling around and stumbled across this beauty: Residential construction activity in British Columbia is a key component of economic growth, employment, and income. Construction is BC's second largest industrial activity, in terms of value and employment. Approximately 10.7% of the province's annual output and more than 10% of the province's employment is driven by residential construction. This from the provincial government report on the Leaky Condo Crisis I. Leaky Condo Crisis II is currently underway, but if you want to read more, check this out! http://www.qp.gov.bc.ca/condo/index.htm#contents<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26183">0</span> <small>(to vote for this comment, please visit the site)</small></p> Hey folks,

Not to swing things too far off topic, but I was just googling around and stumbled across this beauty:

Residential construction activity in British Columbia is a key component of economic growth, employment, and income. Construction is BC’s second largest industrial activity, in terms of value and employment. Approximately 10.7% of the province’s annual output and more than 10% of the province’s employment is driven by residential construction.

This from the provincial government report on the Leaky Condo Crisis I. Leaky Condo Crisis II is currently underway, but if you want to read more, check this out!
http://www.qp.gov.bc.ca/condo/index.htm#contents

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]]> By: Bluesman http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26182 Bluesman Sun, 14 Sep 2008 20:45:05 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26182 Mr. Market: Ok, let me explain my confusion about cash as a bubble. A bubble is when people are paying way more for an item than it's true value. However, due to inflation, people holding cash are getting paid less not more than the value of their cash. So to be a bubble people would have to pay me way more for my cash than they are willing to pay me now. Vancity is only paying 3% or so on term deposits. Also, due to a rising cost of living I my cash is not buying as much as it did last year in terms of gas, food and rent. So what am I missing here? How and when can I participate in the cash bubble? Thanks in advance for your explanation.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26182">0</span> <small>(to vote for this comment, please visit the site)</small></p> Mr. Market:

Ok, let me explain my confusion about cash as a bubble. A bubble is when people are paying way more for an item than it’s true value. However, due to inflation, people holding cash are getting paid less not more than the value of their cash. So to be a bubble people would have to pay me way more for my cash than they are willing to pay me now. Vancity is only paying 3% or so on term deposits. Also, due to a rising cost of living I my cash is not buying as much as it did last year in terms of gas, food and rent. So what am I missing here? How and when can I participate in the cash bubble?

Thanks in advance for your explanation.

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]]> By: Gadwin http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26181 Gadwin Sun, 14 Sep 2008 20:39:23 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26181 This market is getting ugly. The number of "For Sale" signs across the city is astonishing. Ironically, it will probably only get worse by next year.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26181">0</span> <small>(to vote for this comment, please visit the site)</small></p> This market is getting ugly. The number of “For Sale” signs across the city is astonishing. Ironically, it will probably only get worse by next year.

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]]> By: Bluesman http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26178 Bluesman Sun, 14 Sep 2008 20:33:29 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26178 Mr. Market: How can cash be the next bubble? Do you mean that someone who has cash will win big from an increase in interest rates; buying power of deflated assets; both or none of the above? Please explain. Thanks.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26178">0</span> <small>(to vote for this comment, please visit the site)</small></p> Mr. Market:

How can cash be the next bubble? Do you mean that someone who has cash will win big from an increase in interest rates; buying power of deflated assets; both or none of the above?

Please explain. Thanks.

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]]> By: Mr. Market http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26177 Mr. Market Sun, 14 Sep 2008 20:06:40 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26177 "What is better than cash?" Short positions on the stock market are a good way to raise cash right now because cash is the next bubble.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26177">0</span> <small>(to vote for this comment, please visit the site)</small></p> “What is better than cash?”

Short positions on the stock market are a good way to raise cash right now because cash is the next bubble.

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]]> By: ted http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26176 ted Sun, 14 Sep 2008 20:01:32 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26176 Barclays just walked out of talks to aquire Lehman, the NY Times is reporting that Lehman is headed towards liquidation: http://www.nytimes.com/2008/09/15/business/15lehman.html?_r=1&hp&oref=slogin<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26176">0</span> <small>(to vote for this comment, please visit the site)</small></p> Barclays just walked out of talks to aquire Lehman, the NY Times is reporting that Lehman is headed towards liquidation:

http://www.nytimes.com/2008/09.....ref=slogin

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]]> By: bdk http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26175 bdk Sun, 14 Sep 2008 18:58:15 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26175 Richmond will make Osoyoos seem like a tight market soon. The taxes in Richmond are driving Commercial and Industrial businesses out of Richmond while at the same time they are planning to increase the population by 50% by 2020 without building any new bridges. The RAV Line is expected to absorb 6% of the traffic. When the buzz wears off Richmond will seem even worse than Downtown Vancouver as far as being overbuilt, which is saying a lot because Vancouver is seriously overbuilt. Imagine how foolish one would feel for paying $458,000 for a one bedroom. Unless you plan to stay in your suite and never go anywhere. Just checked building digger and there are flippers trying to get 20% more than they paid one year ago! I have to laugh at their greedy, ignorant expense.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26175">0</span> <small>(to vote for this comment, please visit the site)</small></p> Richmond will make Osoyoos seem like a tight market soon.

The taxes in Richmond are driving Commercial and Industrial businesses out of Richmond while at the same time they are planning to increase the population by 50% by 2020 without building any new bridges.
The RAV Line is expected to absorb 6% of the traffic.

When the buzz wears off Richmond will seem even worse than Downtown Vancouver as far as being overbuilt, which is saying a lot because Vancouver is seriously overbuilt.

Imagine how foolish one would feel for paying $458,000 for a one bedroom. Unless you plan to stay in your suite and never go anywhere.

Just checked building digger and there are flippers trying to get 20% more than they paid one year ago! I have to laugh at their greedy, ignorant expense.

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]]> By: RJB http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26174 RJB Sun, 14 Sep 2008 18:53:11 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26174 "P.S what a joke –oil is 100.00 a barrell and gas prices are the price when oil was almost 150.00 a barrell-so much for affordible suburbia!" Ike was just a blip. Crude dropped again today: http://www.reuters.com/article/businessNews/idUSSIN4333720080914?feedType=RSS&feedName=businessNews I'm looking forward to Monday :)<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26174">0</span> <small>(to vote for this comment, please visit the site)</small></p> “P.S what a joke –oil is 100.00 a barrell and gas prices are the price when oil was almost 150.00 a barrell-so much for affordible suburbia!”

Ike was just a blip.

Crude dropped again today:
http://www.reuters.com/article.....sinessNews

I’m looking forward to Monday :)

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]]> By: Bluesman http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26173 Bluesman Sun, 14 Sep 2008 17:24:43 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26173 Garth: Here are some websites you might find interesting: http://howestreet.com/ http://globaleconomicanalysis.blogspot.com/ http://thehousingbubbleblog.com/index.html You probably already know about them, but maybe some others don't. They are not all on investing, but there are some good audios and videos on howestreet and it's full of links and Mish's globaleconomicanalysis site is a good one if you are more technical like me :) hehe. What do people in general think of Howestreet.com? I would be interested to know.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26173">0</span> <small>(to vote for this comment, please visit the site)</small></p> Garth:

Here are some websites you might find interesting:

http://howestreet.com/

http://globaleconomicanalysis.blogspot.com/

http://thehousingbubbleblog.com/index.html

You probably already know about them, but maybe some others don’t. They are not all on investing, but there are some good audios and videos on howestreet and it’s full of links and Mish’s globaleconomicanalysis site is a good one if you are more technical like me :) hehe.

What do people in general think of Howestreet.com? I would be interested to know.

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]]> By: Bluesman http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26172 Bluesman Sun, 14 Sep 2008 17:07:13 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26172 TOWN OF 3000 PEOPLE HAS INVENTORY OF 500-700. THAT WOULD BE ONE UNIT FOR SALE FOR EVERY 4-6 PERSONS, MAN, WOMAN AND CHILD. Another juicy tidbit from anonymous on PaulB's blog: "Osoyoos realtor Carol Youngberg said the 497 figure does not include units for sale in unfinished buildings such as the Indigo condominium development and the Watermark Beach Resort and that with those units included, the number of available properties in Osoyoos could be close to 700." http://www.osoyoostimes.com/pMOT/more.php?id=1086_0_1_0_M1 Anonymous Anonymous said... Todays news from global news #1--speculaters in osoyous can`t give their investments away,prices dropping fast,town of 3000 people has inventory of over 500 units. #2--A little story about wages,debt,and inflation--average wage in BC in 1986 19.61 an hour-----average wage in BC today 19.69 an hour Consumer debt at all time high,household debt at all time high, inflation since 1986--food up 79%--housing 46%(I don`t know where they got that number from) --clothing up 60%--fuel up 60%-Anyways they always under estimate inflation so I would double all those inflation amounts. I will stick to my prediction of declining house prices in BC of 3% a month for the next year and flat prices for a decade, unless minimum wage goes to 20.00 an hour with all other wages following suit,the party is over. P.S what a joke --oil is 100.00 a barrell and gas prices are the price when oil was almost 150.00 a barrell-so much for affordible suburbia! Anonymous said... http://www.osoyoostimes.com/pMOT/more.php?id=1086_0_1_0_M14 link to article about osoyoos:) September 13, 2008 5:39 PM<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26172">0</span> <small>(to vote for this comment, please visit the site)</small></p> TOWN OF 3000 PEOPLE HAS INVENTORY OF 500-700. THAT WOULD BE ONE UNIT FOR SALE FOR EVERY 4-6 PERSONS, MAN, WOMAN AND CHILD.

Another juicy tidbit from anonymous on PaulB’s blog:

“Osoyoos realtor Carol Youngberg said the 497 figure does not include units for sale in unfinished buildings such as the Indigo condominium development and the Watermark Beach Resort and that with those units included, the number of available properties in Osoyoos could be close to 700.”

http://www.osoyoostimes.com/pM.....6_0_1_0_M1

Anonymous Anonymous said…

Todays news from global news

#1–speculaters in osoyous can`t give their investments away,prices dropping fast,town of 3000 people has inventory of over 500 units.

#2–A little story about wages,debt,and inflation–average wage in BC in 1986 19.61 an hour—–average wage in BC today 19.69 an hour
Consumer debt at all time high,household debt at all time high, inflation since 1986–food up 79%–housing 46%(I don`t know where they got that number from) –clothing up 60%–fuel up 60%-Anyways they always under estimate inflation so I would double all those inflation amounts.
I will stick to my prediction of declining house prices in BC of 3% a month for the next year and flat prices for a decade, unless minimum wage goes to 20.00 an hour with all other wages following suit,the party is over.
P.S what a joke –oil is 100.00 a barrell and gas prices are the price when oil was almost 150.00 a barrell-so much for affordible suburbia!

Anonymous said…
http://www.osoyoostimes.com/pM....._0_1_0_M14

link to article about osoyoos:)

September 13, 2008 5:39 PM

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]]> By: Bluesman http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26171 Bluesman Sun, 14 Sep 2008 16:54:11 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26171 Good Sunday morning all, I found this informative little nugget over at PaulB's site: Anonymous RJB said... "Anyone have any thoughts on whether the Fannie/Freddie bailout will actually slow foreclosures in the US and what downstream impact might be felt (if any) in local price deflation?" Foreclosures will continue at the same pace. Alt-A and Jumbos are next. Good overview of the next wave http://www.youtube.com/watch?v=pmeBSWI9sF8<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26171">0</span> <small>(to vote for this comment, please visit the site)</small></p> Good Sunday morning all,

I found this informative little nugget over at PaulB’s site:

Anonymous RJB said…

“Anyone have any thoughts on whether the Fannie/Freddie bailout will actually slow foreclosures in the US and what downstream impact might be felt (if any) in local price deflation?”

Foreclosures will continue at the same pace. Alt-A and Jumbos are next.

Good overview of the next wave
http://www.youtube.com/watch?v=pmeBSWI9sF8

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]]> By: Garth http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26169 Garth Sun, 14 Sep 2008 11:20:15 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26169 rentah: I think we are on the same wavelength. I first saw Paul van Eeden at a resource conference in 2003 or so. He is great, but has stopped publishing the free stuff on his website. I also read everything from the people at www.sprott.com. They have predicted pretty much everything that has happened, although unfortunately their funds don't reflect that fact. I also read the boards at www.prudentbear.com, for some discussion with a little more colour. Do you have any other good places to read?<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26169">0</span> <small>(to vote for this comment, please visit the site)</small></p> rentah: I think we are on the same wavelength. I first saw Paul van Eeden at a resource conference in 2003 or so. He is great, but has stopped publishing the free stuff on his website. I also read everything from the people at http://www.sprott.com. They have predicted pretty much everything that has happened, although unfortunately their funds don’t reflect that fact. I also read the boards at http://www.prudentbear.com, for some discussion with a little more colour.

Do you have any other good places to read?

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]]> By: patriotz http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26167 patriotz Sun, 14 Sep 2008 04:01:05 +0000 http://vancouvercondo.info/2008/09/friday-free-for-all-37.html#comment-26167 <i>When these two pimps start talking double digit and no rebound in sight, it means an outright crash of greater than early 80’s.</i> Bingo. Add Somerville and you get the Three Stooges. <i>inflation or deflation?</i> Not "or". "And". Consumer price inflation and asset price deflation. Oh and stagnant nominal wages and declining nominal payrolls too.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-26167">0</span> <small>(to vote for this comment, please visit the site)</small></p> When these two pimps start talking double digit and no rebound in sight, it means an outright crash of greater than early 80’s.

Bingo. Add Somerville and you get the Three Stooges.

inflation or deflation?

Not “or”. “And”.

Consumer price inflation and asset price deflation.

Oh and stagnant nominal wages and declining nominal payrolls too.

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