Human drama on the front page
Newspapers love stories of human drama – something that will grab your attention and get you to buy the paper is ideal, particular if it’s something personal that connects with the readers experience or fear. I remember seeing a headline story on the Province newspaper about ‘underwater’ mortgages in the mid-nineties, but I haven’t seen any front page stories on the Sun or Province yet about the human impact of the Vancouver real estate market crash. Perhaps its too early, or perhaps I haven’t been paying attention.
So let’s have a poll – when do you think we’ll see a front page story on a local paper linking the Vancouver real estate market crash to hard times on the individual level? I imagine this would be a story about families that owe more than their home is worth or have gone bankrupt on presale contracts that they can’t get financing for.
[poll id="33"]
March 27th, 2009 at 5:02 pm
k, i'm a bear, but this is kind of a silly poll. there was a front page story in the Province last week or the week before about families that had been bit by subprime mortgage lenders.
i think what you're referring to is "word on the street," of people talking about real estate misery everywhere they go, much like how the "Great Recession" is the topic of discussion now. if that's the case, then 2010 it is: gotta have the job losses, then family struggles to stay afloat, then the foreclosures.
March 27th, 2009 at 4:01 pm
In order to fight the recession down south, hyper-inflation will happen simply just by printing more money (US greenbacks)
Hyper-inflation is the lesser of the 2 evils now; it certainly will arrive if the US "quantitive easing" continues…
March 27th, 2009 at 12:17 am
patriotz lol. I was thinking that after I wrote it. Glen Cambell the rhinestone cowboy guy.
March 26th, 2009 at 11:16 pm
CityGirl,
Actually,its loss denied. They cannot claim the capital loss as many of them have claimed principal residence for thier flip property. They made that claim in their city's property tax assessment. They were hoping to not be taxed on the gain, but unfortunately, they cannot offset their loss for tax purposes.
March 26th, 2009 at 11:10 pm
other ted:
I told him I was disapointed with Glen Campbell. I mentioned how he has done nothing different than the NDP,
What do you get when you cross Glen Clark with Gordon Campbell? A country singer who likes to borrow money to build things.
Let us not forget that Gordo's big baby, the Olympics, is really Glen Clark's child.
March 26th, 2009 at 10:57 pm
woops his name is gordon not glenn. well you know who I was talking about.
March 26th, 2009 at 10:56 pm
Patriotz you bring up a good point. I had an argument 3 years ago with the guy who works at EA. I told him I was disapointed with Glen Campbell. I mentioned how he has done nothing different than the NDP. The province was no better off except for the housing bubble. Which you will agree makes us worse off. He went into a rant how because of Cambell EA was business was through the roof along with his fathers business which is in construction. Then he accused me of being a commie and endorsing the NDP. Talk about how brainwashed and uneducated most adults are.
Its funny I never voted for the NDP before. I will never endorse them. Last election I spoiled my ballot. But if I am back in BC for the next election, which it doesn't look like it I might vote NDP.
March 26th, 2009 at 10:43 pm
Also Florida waterfront " they're not making anymore of it" – I guess they found 40% more b/c that's how much prices have dropped!
March 26th, 2009 at 10:40 pm
Land shortage article is crap … look up Hong Kong, Singapore, Tokyo RE history
March 26th, 2009 at 10:36 pm
other ted:
Actually techdeath the tech industries best days were behind it 10 years ago.
You mean when Glen Clark was running the province? Say it ain't so.
And that is not meant as an endorsement of Clark.
March 26th, 2009 at 10:30 pm
Jesse, 30% of your posts are sort of clever, the rest are pompous crap. Of course some unemployment is good (especially in Ontario), it lowers interest rates; in a market like vancouver with a land shortage the market is very interest rate sensitive.
March 26th, 2009 at 10:30 pm
Actually the sector most responsible for growth in employment over the last several years has been construction. How many projects have they recently mothballed? Is it not obvious that developers are trying to rush completion of projects b/c falling prices cause a huge problem for them? Transit line/ Whistler highway etc. aka all the Olympic infrastructure projects are winding down so who is going to replace all of this.
Tourism down 10-15% according to the tourist board.
Oil is 50 vs 147 dollars – Gas hit its lows today
Forestry WTF
Manufacturing – pls tell me where?
Mining – commodity prices other than gold in the tank.
C'mon Dave!
March 26th, 2009 at 10:19 pm
Dave's real and nominal dollars shtick was like watching someone poke a hornet's nest. Really, nobody wins, neither the hornets nor the guy with the stick.
Dave is a definitely a master at baiting.
March 26th, 2009 at 10:18 pm
Dave,
Would the large % of retiring boomers who now can't afford to retire as their RSSPs and RE Equity are vanishing in a poof of smoke?
March 26th, 2009 at 9:51 pm
other ted:
#51 OT, you are correct.
March 26th, 2009 at 9:49 pm
Dave:
#50 Dave, you're a baiter, you ARE fooling some, not all. Keep it up though, it's entertaining.
March 26th, 2009 at 9:48 pm
Actually techdeath the tech industries best days were behind it 10 years ago. If EA is considered a tech company that is how far we have fallen. It is an entertainment company, it is content it sells not technology. The same with the movie industry. both are were here for the cheap dollar. You can make a video game anywhere. There hasn't been any innovation out of this province in years.