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No I wasn't. I also wasn't around for the great depression and WWII.

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Difference is those weren't global bad times. This does look like the first global bad time since the 1930s.

"Since the end of the early 80’s recession we have been spoiled. Well things get wonky every generation or so. But I don’t think we’re headed for Mad Max."

Wee-eeelllll … you might want to not completely dismiss that possibility.

If global credit markets don't get sorted out within three months, the commercial farm sector is going to have a hard time getting crops in this spring.

And the one really big difference from 1929 that most people are missing is that back then before mass transportation and refrigeration, virtually all food was produced within a day or two's horsecart journey to the city. That is most definitely not the case now.

So you really shouldn't be completely writing off the possibility of food riots coming down the pipe. You *definitely* should not write off the probability they'll be avoided by insanely hyperinflationary policies and the consequent nationalization and wage and price controls that will make our economy all but indistinguishable from Soviet Russia in shortish order.

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And here i was thinking the olympics guaranteed rising real estate markets.

I find this bit ironic “He said the United Kingdom tour operators are reporting that their winter sales to all Canadian resorts are down, but they are down the least for Whistler.

McDonald said officials believe that is because of growing awareness of Whistler’s status as co-host of the 2010 Olympics.”

awareness is growing but sales are slipping. he he he.

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The client of a commissioned salesperson is the seller, only. A sales commission is an incentive to sell for the highest possible price. You cannot be an agent of the buyer if you are incented to act against the buyer's interests.

and in all probablity, some kind of war scenario.

Canada is already in a war scenario. If you're talking about a war between major powers, it's not going to happen, for the same reason it hasn't happened since 1945.

Even the US has decided that it has had enough of the war in Iraq, and people in authority have been saying that the conflict in Afghanistan cannot be settled by military force.

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I guess i’m the rare bear who is excited about the Olympics.

Yeah, and you're going to get even rarer. A little more than a year from now we (globally) will be in the depths of a depression – and in all probablity, some kind of war scenario.

Yet, there are many Vancouverites that think the entire world will be focused on our 2 week sporting event. And we will be famous forever.

I knew this would end badly.

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"After a practice round of paddle-raising, bidding began on the first unit, a 1,180-square-foot two-bedroom, two-bathroom condo on the 12th floor with views of downtown West Palm Beach, Clear Lake and the ocean.

“The last asking price was $511,000, and we have a minimum unbelievable selling price today, and today only, of $190,000,” Mr. Cullum rattled off in his auctioneer cadence. “Do I have a $190,000 opening bid? One-ninety! Thank you. Now, let’s get $200,000.”

After a flurry of bidding, the apartment sold for $225,000 to a woman with a pink sweater tied around her neck, who ultimately purchased 19 units on behalf of a real estate investment company based in Pittsburgh."

http://www.nytimes.com/2008/11/28/greathomesandde…

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