The pre-sales pinch
Just a few years ago it seemed like the easy way to get rich was to buy a pre-sales condo in the Lower Mainland and wait for appreciation to kick in. Well, a funny thing happened on the way to the bank: property values deflated. That means that many people who bought condo units under construction in the last couple of years now owe more for their condo that it’s current market value. We’ve posted before about buyers trying to get out of their contracts and developers suing buyers.
Bat posted this link to a craigslist comment, it appears some buyers at D’Corize in Surrey are frustrated with the drop in property values and would like to ask the developer to return some of their profits:
RSS 2.0 comments feed. Both comments and pings are currently closed.First of all my apologies as I did not know where else to post this info. :
The project is pretty much complete and you are probably being asked to make arrangments for financing. Financing is based on the appraised value of your suite…guess what? Appraisals are coming in well below the price you signed up for back in 2007, this means you’ve got to come up with a bigger down payment. I hear that there are alot of people that are not qualifying due to the poor real estate market, job losses and these individuals may walk away, this won’t be easy as you’ll lose your deposit and then the developer can come after you for further losses….well you’re not alone. Some individuals are approaching the developer to re-negotiate the price and in my opinion there is strength in numbers, if you know of others that have purchased these units in a presale…your friends, your family….talk to them and approach the developer as a group or have someone represent you as a group (lawyer). Where are all the realtors who said that this would be a “Great Investment”. Well they’ve all disappeared and I guess they were looking after their own best interest….. Well good luck…and if anyone else has anything to say,,,,,just post your comments.
Regards,
In the same boat as you…..
August 28th, 2009 at 1:39 pm
Yeay, and I’m off looking at the sailing boats from the shore being glad I dont have the moorage, repair bills, maintainance, fuel bills, tax?.. just sit on the beach with my cuppa tea and snacks watch the boats, the clouds, watch the waves and can leave any time I like, just like renting!
My sailing is only costing..$2 max.
Ok..a little cheeky.
August 28th, 2009 at 10:01 am
lol, too funny. i shall now stop reading the blog for a few months again until the fall downturn begins and retards such as supra get bored and go away – or simply change their name, as usual.
have a nice end of summer folks – I’m off sailing.
August 28th, 2009 at 8:57 am
The old man will have to pay a big rent hike next year, to the max. Anyhow, he’s lost out. He should’ve refinanced and taken out a loan to load up another condo instead like every other rich man. Poor sucker’s going to regret renting for the rest of his old retired miserable life.
August 28th, 2009 at 8:11 am
“People that live in the city don’t generally buy pick ups”
Maybe they’re “Urban Cowboys” from Yaletown?
August 27th, 2009 at 11:55 pm
supra-retard –
how does 4k turn into 8k rent in one year when Van has rent increase control?
retard, and troll.
bad me, for rising to the bait.
August 27th, 2009 at 11:03 pm
Boombust:
#79 BB, C’mon ‘Clayton Heights’, Jesus man what are you smoking. ‘ Guildford’ , ‘ Fraser Heights ‘, ‘ Cloverdale’??????? Why have you left out Newtons ‘Chimney Heights’ and North Delta ‘Brown Town?’
You don’t choose to live in those places, you are forced to move there because you can’t afford anywhere else. Hermano, 4000 sq ft of sewer front is still living in a sewer. If I wanted to live like a refugee in the country I grew up in though, thats exactly where I’d go to slide right down to the very bottom of the barrel.
The people who try to fool themselves into moving ‘Morgan Creek’ etc are really just saying ” I’m a pretentious asshole who can’t really afford to live anywhere else’. Do they really think they’re fooling anyone? But ‘Clayton Heights’ …. with all those buck toothed yahoos and the yard fulls of squealing piglets, yapping fatties and secret gay boy husbands in their pick up trucks bald heads and cheesy goatees are not my cup of tea. Not in this life time amigo!!!!!!
I had a chum in the recording biz who was living downtown in a place that had a view of the gay stroll, where the young boys ply their wares. I went over there one day at his insistence because he said there was a zoo that I had to see for myself to believe. At about 5:30 we went out on the balcony and watched pick up truck after pick up truck picking up the gay boys on the stroll.
The guys in the trucks were all obviously husbands and fathers from Surrey. You could see they had kids toys and lawn equipment etcetera in the back while they hustled off into the lanes to get thier freak on with some goofy hooker boy. Sheeeeesh ! These are the same bald, stupid goateed dipshits that you see out in the neighbourhoods of Clayton Heights, Cloverdale, Fraser Heights Morgan Heights etc as you’ve mentioned. The reason you know these bozo’s are from Surrey and the Valley is that no one else drives pick ups in that number. People that live in the city don’t generally buy pick ups, thats a ‘dip shit in the valley’ thing. Thats another one of the many reasons I would not want to live in ‘The Sewer’. The people are such scum. Why they need a little boy and a pick up truck is way too weird to contemplate.
Theres a reason real estate is cheaper out there in the hinterlands. Its also cheaper in Spuzzum. People out there haven’t cottoned on to secret ‘deal’!!!!!! The people in that video were exactly the type of people who infest ALL of Surrey. It is really a shithole of BIBLICAL proportions.
August 27th, 2009 at 10:54 pm
#87, nice article, there’s another millionaire just like that. People like the old man can afford to fork up rent, and there are people with millions to take over the old man’s house, poor man will regret it when his house rockets to 3 million and he’ll be renting for 8000 a month next year.
August 27th, 2009 at 10:22 pm
Great little tidbit in the Sun today.
http://www.vancouversun.com/Ho.....story.html
August 27th, 2009 at 10:10 pm
You’re right, nobody gets rich renting in Vancouver. But we do get rich from buying and flipping the houses. For example, buy in the Winter, unload in the summer. This is the easiest way I’ve ever made money and I will continue to play this game with my spare change.
August 27th, 2009 at 9:44 pm
Supraboy:
What don’t you understand ?
Banks almost always make money on the spread , they tend to make record profits when times are bad for the rest of us.
Apparently they have been in the markets as well, driving that bogus crap
The CMHC will back them up when their mortgages go South.
Legalized theft.
PS stop your “bum” fetish.
August 27th, 2009 at 9:15 pm
supra (ignoring the fact u are a troll) –
no one gets rich renting to people in Van unless they bought a long time ago – as rentals are so comparatively cheap (comparative with RE prices).
August 27th, 2009 at 8:50 pm
I have a feeling that this website is made for only middle class or low income bums who can’t afford a house.
Most of the people on this board is obviously out of sync with reality. The negativity is beyond ridiculous. Each positive comment gets shot down like a dead dog.
Check this out:
http://www.google.com/finance?q=td.to
TD hit another 52 week high. So did royal bank. What part of that don’t some of you understand? If there will be a crash coming, stocks wouldn’t be touching 52 week highs. US housing is also improving. Good luck boys and girls. Get ready for your 200 square feet living space when more people get rich in Vancouver renting to poor bums.
August 27th, 2009 at 8:37 pm
Robber Poops in Yard – Surrey BC
http://www.youtube.com/watch?v=7otxZsdleBg
(At least he didn’t shit in the house)
August 27th, 2009 at 8:34 pm
You’re welcome, but I have even more fun info. That squatter house is long gone (the footage is from 2001) and a new house is on the lot.
Check what its selling for
http://bchousefinder.com/prope.....11159.html
note: you can see the house address in the footage
August 27th, 2009 at 8:24 pm
76 X realpaul Says:
August 27th, 2009 at 6:51 pm
No Longer Looking:
#72 NLK, that’s Surrey alright. What was scarier? The people inside the crackhouse or the ones out in the street?
================
Too funny.
The neighbours fit just about every stereotype of Surrey.
BTW: No Longer Looking …. thanks for the Video.
August 27th, 2009 at 7:32 pm
realpaul,
There ARE nice areas of Surrey, y’know. Just as the DTES of Vancouver doesn’t represent all of Vancouver, the Whalley area doesn’t represent all of Surrey.
South Surrey, Cloverdale, Clayton Heights, Fraser Heights, Guildford, Ocean Park…
August 27th, 2009 at 7:29 pm
“I saw Micheal Campbell on Global spouting the same nonsense.”
Yeah, I saw that idiot on the 5 o’clock Global News. Furrowed brow, pursed lips…he makes me wanna puke.
August 27th, 2009 at 7:08 pm
I think Vancouver is really the best place on earth. I’ve traveled the globe and I’ve determined that there is truly no place like Vancouver. And so I’ve decided to buy a $700,000 3 bed 2 bath fixer upper on the east side for my family. It will only take 35 years to pay it off and will be worth every penny. Thanks for listening to my story.
August 27th, 2009 at 6:51 pm
No Longer Looking:
#72 NLK, thats Surrey alright. What was scarier? The people inside the crackhouse or the ones out in the street? You couldn’t give me a house for free if it meant living in that shithole.
August 27th, 2009 at 6:50 pm
I hired certified inspector that searched for oil tank. It was no big deal, took 1/2 hour and cost is $500. That Oil tank inspection is not required by either bank and is not part of home inspection so at the time of my purchase of the house I did not do it because disclosure statement stated that oil tank does not exist.
When i decided to sell the house I decided to hire inspectors because few prospective buyers asked for Certificate that Oil Tank is removed. So once i found out about tank I had to dig it up and since soil was contaminated Inspectors have to inform the City right away. As owner you obligation as good citizen under the Environmental Act to clean it up right away.
Yes, practically ALL previous owners are liable but most of them would be dead or difficult to track down. So the best chance is to recover damage is from the previous owner.
August 27th, 2009 at 6:47 pm
Boombust:
#73 BB The cheerleaders have got their pom poms out latley thats for sure. I saw Micheal Campbell on Global spouting the same nonsense. This guy is supposed to be an economist, what a lick spittle whore.
There is nothing about the fundamentals of the Canadian economy which justifies calls for an ending of the recession. I think these cocktail swilling pretend plutocrats have taken it upon themselves to ‘force ‘ change upon the masses by selling ‘good’ stories instead of ‘real’ news.
The Premier has authorised spending like a drunken tourist after visiting the weatherman and now the provincial wallet is empty, So what does a drunk do? Well he breaks out his credit card naturally. To hell with kids, the parents surgeries, the wifes education. A drunk like Campbell operates in a very confined state of mind, an inability to plan a move past the end of his dick. His father was a drunk and thats how campbell learned to function. All party, no pants. And who’s going to have to pay the proverbial fireman to put out the fire? Does the drunk have to dig into his own account to pay for the carnage or his own healthcare? Of course not, drunks don’t think about other peoples problems. We ahve a multi generational drunk at the helm. Did we expect any other outcome? ReallY?
August 27th, 2009 at 6:17 pm
I saw Bill Good Jr. and the CTV gang on the 6 o’clock News pumpin’ the local RE market once again.
Of course, Cameron Muir was trotted out. He said that consumers are feeling “confident”.
My, how they forget the small respite we had last fall.
Cheap money, anyone?
These people should be ashamed of themselves, but, they AREN”T.
August 27th, 2009 at 6:02 pm
If you know anyone who wants to buy cheap in a rough area of Surrey, have them watch this 10 minute video (the last half is the best):
http://www.youtube.com/watch?v=rUkMfoe_Rd8
August 27th, 2009 at 6:01 pm
Backyard nightmare: Leaking oil tank costs $160,000 to clean up
A North Shore woman is suing the former owners of a home in West Vancouver after she shelled out more than $160,000 to remove 5,000 litres of contaminated fuel from a leaky home-heating oil tank buried in her backyard.
http://www.canada.com/theprovi.....d6f34a817c
August 27th, 2009 at 5:58 pm
56 Anonymus :
Re Oil Tanks
If you don’t mind my asking again…
Did you sell an existing home that had a ” subject – to ” from the purchasers that ,you ,the seller, had to conclusively identify the existence of an oil tank ? Did you then have to hire an expert to find it ?
In my experience, Oil heating was popular for homes built up until the 1950′s. Below ground oil tanks often have a small pipe about 6 – 8 inches long above ground with a screw cap on it.
Often these tanks are found in the demolition process ie a new house built on the site. Inside the house there can be evidence of previous oil heating as well.
Next time….I would suggest a records search at the given City Hall….look up all building permits, should identify this.
If the owner is liable, then ALL previous owners would need to disclose up to the point such rules of disclosure came into effect. Legally messy. I recall a story out of North Van where the new owner was on the hook for approx. $100,000 due to an old leaky tank.
August 27th, 2009 at 5:44 pm
No Longer Looking Says:
Sure that is possible. That’s why i have targeted Insurance and realtors first.
You can always sue previous owners in the small claim court and the cost is $156. Negligible.
August 27th, 2009 at 5:41 pm
realpaul:
It’s simply an example of another goofy Craiglist ad.
Someone should do a thesis on people who “emote” too much on Craigslist, its like ” psychological flashing “.
If they can’t sell their house in this hot market, its either overpriced, a shithole which the photos don’t show, or the neighbourhood is BAAAD !
August 27th, 2009 at 5:35 pm
I meant “previous owners”
August 27th, 2009 at 5:34 pm
#62, How many years ago did you buy the property? Keep in mind the owners could be dead or long gone overseas or not have any money. I’m no lawyer, but have to wonder if its worth it.
August 27th, 2009 at 4:20 pm
NO -LYMPICS:
#61 NO , The biggest problem with living in the Guildford-GreenTimbers-Fleetwood Triangle is that its a freaking war zone of crack heads and every manner of scum you can imagine. This was the area a developer was paying BCTV to rename ‘The Diamond Triangle” in ads last year until they were laughed off the air.
Great place to raise kids…………..NOT !!!!!! Old folks aren’t strong enough to defend themselves. Anyone who need a mortgage that bad should just shoot themselves because thats what they’re doing to themselves and their family anyway. I mean , what do you say to your wife and kids. ” Hold your nose, We’re going in !!!!!!!”
The bonus should be $50,000 to find someone that stupid or fresh off the boat. I’ve talked to new Canadians who initially moved to places like Delta, Sewery, Coquitlam etc, and after they found out what they’d done they fled in horror. The schools are little more than reformatories, you’ve got crackheads cutting through the screens and banging on the glass at night checking for alarms and defenses. You’ve got gunfire every night and cop chases through the streets. Its a freakshow anywhere east of the fraser. I really think that the whole area should be walled off and carpet bombed with pesticide.
August 27th, 2009 at 4:12 pm
B of C Mark Carney
http://www.theglobeandmail.com.....le1264733/
QUOTE:
The most important test of the new governor came from the asset-backed commercial paper market, which had become paralyzed in the summer of 2007 as the subprime mortgage industry began to unravel. Carney brokered a series of détentes that helped prevent what could easily have become a Made in Canada financial calamity. The save earned Carney wide credit, both in Ottawa and on Bay Street. But it didn’t come without a struggle.
Just weeks after he took over, a rescue plan was coming unglued. Toronto-Dominion Bank, the only one of Canada’s six largest banks that hadn’t actually sold the paper, was balking at Ottawa’s request to commit money toward a restructuring of the market. TD chief executive Ed Clark was adamant that his bank shouldn’t have to share the pain.
TD’s refusal created a serious problem. Sources say that RBC’s Nixon told Carney that his bank’s participation in the rescue plan was contingent upon all of the other banks making loan commitments. After several private conversations between Carney and Clark, TD suddenly announced that it would contribute.
“It was important they were in,” says Carney, who declines to discuss the particulars of the exchanges with Clark. “It was in their best interests that all the parties stepped up to help make the restructuring work.” Clark similarly shrugs off the showdown, saying TD agreed to participate after another official involved in the restructuring—not Carney—told him they needed his help to thwart a grave risk to the financial system. “In the end, we did the right thing,” he says.
QUOTE:
It helps that Carney is incredibly well-connected—not just through Goldman’s powerful alumni network but also because of his time as a G7 deputy. He has a close relationship with U.S. Federal Reserve Chairman Ben Bernanke, and sources in Ottawa say Carney was instrumental in forging a consensus with the U.S., France and the U.K. for the emergency co-ordinated interest rate cut last fall. He played a key role in tempering hostilities at the G7 meeting shortly after—a weekend Flaherty called the “most dramatic” in his career. (Carney won’t discuss particulars, but does insist that “there is nothing that happened at the Fed in this crisis for the past two years that we didn’t have advance warning of.”) He is also capable of picking up the phone and calling Timothy Geithner, the head of the U.S. Treasury—access that few, if any, of his rivals for the job could have hoped to match.
================
August 27th, 2009 at 4:09 pm
NO -LYMPICS:
#60 NO, you’re right on the money today.
#55 OAS, I can take the heat, no problemo. The Prince George analogy was a pretty good intro though. I thought of that line in one of the Batman movies ” This town needs an enema” for Vanc-denial. Geezus, is there some kind of swamp gas in the air. There are articles written about how huge the bubble is in Vancouver with nary an effect on the “Luft Menschen”. The higher these people get the longer the rehab. Its quite the silly party.
I can’t help using Warren Buffett as an example. he Held out and held through the tech boom and the after math saying that it just didn’t make sense to him. he held out unti he gave in and started buying buying in the 2007 run up to the peak. He did what most lemmings do, wait until the peak and jump in. His fund lost 40% last year, thats billions and billions.
The market head faked Warren, one of the smartest guy in class. It is obviously confounding the experts again. What is happening has no basis in reality. Is it our herd instinct that draws the majority into the big plunge before the end. can we not resist due to biological reasons or something?
I call bullshit on this market and I’m staying out. It is a house of cards. I’ll bet Warren wishes he had listened to his accountants instead of falling for the tidal wave of hype. Right now the smart money is on staying out. Thats good enough for me.
August 27th, 2009 at 4:07 pm
NO -LYMPICS:
thanks.
Clean up is done and yes it is hefty bill. Insurance covered some part but not BEFORE i hired a lawyer. You would not believe what excuses AXA was giving to the lawyer in order not to pay. But lawyer was sooo persistent that they just gave up. He was lawyer with huge experience in the environmental field and he managed to find the loophole in their policy. I have so bad after taste in my mouth after this episode with insurance company. they are all crooks.
Yes, it is bellow the ground and during the process of selling the house some prospective buyers have asked us about the tank so I had to do the oil tank search of the property. we did not have a clue that oil tank even existed on our property.
Howering says:
“How the hell would a realtor know? Isn’t your complaint actually with the seller and not the realtors?”
The issue is not about the realtors knowledge about the oil tank existence on the property but about truthfully filling the disclosure statement that is the part of Sales agreement. Realtor is required by the law to answer the question about oil tank in the disclosure statement. Failing to do so represents a breach of law. in my case even more because of dual agency agreement since both (buying) and selling agents are from the same office. Off-course previous owner is liable as well.
Hovering says:”Did you get an inspection done?”
Regular house inspection does not include a search for oil tank.
Hovering says: “sue them.”
yes you are right. I will do that. the question is should i go with Supreme court or small claim court? It cost money to go Supreme court route. Small claims are also limited at 25k of the amount that you can recover.
I don’t want to spent more money then i need.
Anybody with any similar experience that went to the Supreme or small claim court?
You second example is not advisable because you are still liable for contamination even if you sell property to someone else in the future.
August 27th, 2009 at 3:55 pm
$474900 / 6br – BONU$ $10,000.00 FINDER FEE to ANYONE including REALTORS!!!! (SURREY / GREEN TIMBERS AREA)
http://vancouver.en.craigslist.....63973.html
This seller claims they have a listing realtor. However, they claim that if they call the owner directly the fee will not have to be split. My understanding is they will have to a pay a commission fee to the realtor if it is listed, no matter who finds the buyer (unless the listing agreement allows otherwise).
August 27th, 2009 at 2:32 pm
#57 John:
Re REMY
Googling REMY…it is located on Cambie Road Richmond.
City of Richmond plans on building a Fire Hall just East of it.
As well, a large church/temple is planned near the Fire hall.
That block is right under the YVR Flight path.
YVR was a bit pissed when the City changed the OCP and allowed multi family residential development there.
If not mistaken read the fine print of any projects sold in that area re Airport noise….ie you waive your rights.
IMHO….The City opened that area up because developers were getting desperate for large chunks of land to build low rise condos/apartments. Doesn’t mean its in the buyers best interests. The whole area is run down , may take years to fully develop.
I’d avoid that area like the plague.ie bounded Alderbridge, Garden City ,Cambie, #4RD .
Otherwise, have a good sleep !
August 27th, 2009 at 2:17 pm
Anonymus:
off the cuff answer: sue them. contact the realty board and complain. call the press. call their boss.
reality: they probably didn’t even know the tank was there. I have heard of owners that didn’t know these tanks were on site. How the hell would a realtor know? Isn’t your complaint actually with the seller and not the realtors? Did you get an inspection done? If not too bad so sad. Buyer beware and all that. If you did, sue the inspector.
I once overheard a guy at a party who had bought two houses with bad tanks in the ground over the years. The first time he paid to have it dug up properly and the soil reclaimed and the place inspected etc.. at great cost. The second time he hired a guy with a backhoe to rip it out, fill the hole with fresh soil and cart the tank off somewhere (much cheaper).
I’m not saying which approach you should follow…
August 27th, 2009 at 2:08 pm
# 56
Here is a link with a disclosure form:
http://www.canadabestbuys.com/.....losure.pdf
Refer to line 1.G re: Oil Tanks
Also:
http://vancouver4homes.com/faq.htm#5
Point (5) discusses this.
Not any expert, but it appears that its based on seller’s admission of knowing….unless a “subject to” of the sale was no oil tanks are present.
If the person was still using the tank(ie oil furnace), then
they can’t BS way out of it. If the house was retro-fitted to gas , check the permits at City hall to determine the change over date.
Don’t mean to scare you, but the clean up of a leaking oil tank can be a hefty bill.
BTW: If you don’t mind my asking…. how did you find out about the tank ? I assume it was a below -ground one.
August 27th, 2009 at 1:42 pm
Word is REMY in Richmond went from being a concrete building to wood-frame with concrete between floors. They’ve also reduced the prices (by a small amount, less than 5% I believe) to pre-sale buyers. I think they’re trying to rush this thing out there before HST kicks in.
August 27th, 2009 at 1:38 pm
At the time of purchase my (buying) realtor and selling realtor did not disclose the presence of oil tank with contaminated soil on the property. Both realtors are from the same agency. RE agency and realtors refuse to negotiate the damages from the clean up.
Any suggestions, comments?
August 27th, 2009 at 12:37 pm
realpaul: Realpaul, it was just a little bit of good-natured teasing. That quote was like waving a red cape in front of a bull; you know that a response is inevitable.
August 27th, 2009 at 11:44 am
From Vancouver Sun article realpaul posted :
The forest industry normally contributes $2 billion a year to revenues. After costs of running the ministry of forests are deducted, the net contribution is $1 billion. This year, the net contribution is likely to be zero, despite a $100-million cut expected in ministry operations.
So:
—-Forestry Sector noramlly contributes $2 Billion
—-The costs of running the forestry ministry (aka the BUREAUCRACY ) are $1 Billion..
—That leave $1 Billion for the rest of us.
—This year, the net contribution will be zero, but the Foresry ministry will only cut $100 million.
Conclusion:
The Forestry industry is now dedicated to paying the salaries of the Bureaucrats and keeping them employed. There is nothing left over for the rest of us.
Campbell and Local Gov’ts have appeased the Civil Service to buy labour peace through 2010. Wage increases in a time of rising unemployment and increasingly restless taxpayers.
Warning signs already out for post 2010. Cutting FAT in the Gov’t would only add to the Unemployment numbers, right Gordo ?
I recall an old quote, by one who worked for Gov’t, that
Gov’t could get by with 1/2 the money it currently does, in general, it’s inherently a black hole as far as efficiency.
August 27th, 2009 at 11:14 am
Quote from Garth
“Tale of two Cities”
WINDSOR
As for the usual sources of impartial market wisdom, picture this: The hardest-hit manufacturing city in the country, where 15% of the workforce is out of work, where front lawn ‘for sale’ signs outnumber pooch droppings, where a house can be had for less than a minivan, and mere miles away sits the sad and crumbling hulk of a once-great American city, half its population fled.
Re VANCOUVER
” And in some markets, like Vancouver, bubblification does not begin to describe what’s going on, as what’s essentially a small regional city drifts into a price range reserved for places that actually seem to matter. While I love Van and almost all of BC, there is no better example in North America right now of what local delusion (and a dashboard cam) can do to the commodity of housing. ”
========
re HST…
Perhaps Campbell and Co. are using reverse psychology.
The issue is not that certain sectors will gain via the HST, create more jobs with the tax savings etc. blah blah.
Instead, it’s perhaps an acknowledgement/projection that these sectors will continue to decline, Campbell and the Feds anticipates this revenue shortfall , and has to seek a new revenue source and set it in motion. What was a soft sell is actually no choice. Back to the pockets of the taxpayer.
In other words,they don’t want to admit things are circling the bowl in a death spiral.
A discussion on The Tyee notes that people with a proper Tax No. don’t pay PST on items for re-sale. Harmonization is a red herring to the rot and denial that lays beneath.
August 27th, 2009 at 11:13 am
Fed Official lets slip the ‘real’ unemployment number is 16% . truth cause quite a stir. Are we in Canada still runing the ‘Factor of 10′ economic alignment with the US? If so, then the problem here is much greater than our brave leaders are letting on. Would the government lie on purpose? Reading the bullshit coming out of Victoria lately certainly puts a cap in the ass of that argument,
http://www.breitbart.com/artic....._article=1
August 27th, 2009 at 11:06 am
oneangryslav2:
#49 OAS, you know I’m just telling it like it is brother. Don’t shoot the messenger:)I am certainly no ones apologist. When it’s crap, Its crap . I think this town would be far ahead by now if the optics weren’t so phonied up. Maybe people would have gotten mad and forced change( like the sewage issue)by now instead of chowing down on the ‘we’re number one’ pap that the media regurgitates.
I see that the surprise revenue drop has the government looking for a shoulder to cry on. Is this part of their plan to sell the HST? Like they didn’t have a clue that forestry revenues were going to go down three years ago when tens of thousands of mill and bush related jobs were disapearing?
http://www.vancouversun.com/bu.....story.html
I call bullshit on the ‘we’re surprised’ story. OAS, I’ll try to be more predictable in the future.