Current score: 2 (to vote for this comment, please visit the site)

So stick it where the sun don’t shine, sit down and shut up until you have something useful to say.

And here’s a prediction where I can just throw caution to the wind. You will still be a jerk tomorrow morning and people still won’t like you.

Maybe that’s going out on too much of a limb?

Nah.

Current score: 6 (to vote for this comment, please visit the site)

–”You can observe a lot just by watching.”
–”If you don’t know where you are going, you might wind up someplace else.”
–”The future ain’t what it used to be.”

Something tells me that Yogi is a closet Vancouver housing bear.

Current score: 0 (to vote for this comment, please visit the site)

Current score: -6 (to vote for this comment, please visit the site)

So if it’s falling by spring/summer next year it’s still well within my predicted zone, just outside the point where I could claim 100% accuracy.

Current score: 4 (to vote for this comment, please visit the site)

Current score: -2 (to vote for this comment, please visit the site)

Current score: -1 (to vote for this comment, please visit the site)

Current score: 0 (to vote for this comment, please visit the site)

Current score: 1 (to vote for this comment, please visit the site)

Can you post it again? I would love to see it.

Current score: 0 (to vote for this comment, please visit the site)

Little loser boys and trolls will be left holding their little tools, bears, just grit your teeth and be patient.
My strategy lately has been to remove the excess cash from my savings account (after paying rent and bills), and put it into my safety deposit box. This prevents the bank from leveraging it up and loaning it out. I figure if they aren’t going to be prudent about whom they give loans, nor give me a reasonable return for my risk, why should I allow them to use it as they see fit?

Banks are ripping people off…especially seniors who depend on interest income…to do what? Attempt to support inflated house prices and make it harder for young families to own shelter and force them into bidding wars? Where’s the “anecdotal man”? Tell you what…I’ll make it one of mine.

Current score: 6 (to vote for this comment, please visit the site)

Screwed: That’s a relatively recent policy, it just demonstrates that they KNOW there’s a good chance of losing money on the above proposition 30% down payment, which is to say the Banks believe that a 30% or more correction is likely.

Current score: 5 (to vote for this comment, please visit the site)

I thought you didn’t believe in graphs.

Current score: -10 (to vote for this comment, please visit the site)

Thats the Canadian way isn’t it. The information is so persistenly false that some assholes even start believing that what the government says is true. Man people in this country are naive.

My advice, don’t leave the clinic where you get your shot for at least an hour after they inject you. The adverse reactions have been hitting people in the hours after they have had the shot. You don’t want to be found dead in your car.

Current score: -7 (to vote for this comment, please visit the site)

So am i screwing myself by saving for 50% downpayment?

Current score: 7 (to vote for this comment, please visit the site)

Current score: 5 (to vote for this comment, please visit the site)

Current score: 5 (to vote for this comment, please visit the site)

Current score: 12 (to vote for this comment, please visit the site)

Absolutely great reading, you won’t believe it (Thanks German Guy…..I hope it is OK I re-post your findings!):

I here a lot of talk about how CHMC is the Canadian version of American subprime so since I don’t have much to do in this never ending rainy place, I decided to go and apply for a mortgage to find out what is it all about.

First , an interesting link then below a simplified transcript of the conversation with the broker.
http://www.canadianmortgagetre.....�2009.html

I asked for a 5 /35 year fixed rate with min 5% down payement and 5/35 with 300k down as well as a VMR and wanted to know for how much money I would qualify.

First , don’t think I am going to buy anything here, it was just a time killing exercise, if anything the terrible never ending rain and dull lifestyle is making me to consider seriously going back home (too bad because summer was nice)

So after this disclaimer here are the figures I gave the banker ( those figures are imaginary and have no relation to my real revenue)

Gross annual income: 95k, Est. purchase price 800k
Expenses estimated by banker: Monthly heating costs $67; annual taxes $2500, loan/credit card monthly: $360

In case of 5/35 with 40k down he qualified me for loan of $538 842 monthly payment $2404 with 4.20 interest rate

In case of 5/35 with 300k down he qualified me for a loan of $798 842 with 2534 monthly payment with 4.2 interest rates

I asked to get a lower interest rate in the second case where I put a bigger down payment since the bank was not taking as much risk as with the first one.

Answer: we take more risk when you put a bigger down payment because your loan does not have to be insured by CMCH, so if anything your interest rate could be higher because the bank is taking more risk. We are not in the business of foreclosing homes and selling to get paid, we prefer when you have a CHMC insurance as our risk is much lower than when you have a pig down payment above 20% of purchase price.

I asked for a VMR then, he quoted me a 2.25% interest rate for 35 years and qualified for 665 000 loan with 5% down payment.
I asked if I could put a bigger down payement ?
Answer: No. We will not give you a VMR loan if it is not CHMC insured!

I pointed out the absurdity of the situation in his reasoning, with taxpayer taking all the risk and they making risk free profit but all he said was don’t try to fight the government.
So in the end, maybe the Canadian banks are sound after all. They are not keeping any loans on their balance sheets, all risk is taken by CHMC.
As I have stated before, contrary if cracks will appear on the real estate, it will start first on commercial properties and not residential. Or maybe commercial is also CHMC insured? Sorry for long post.

Current score: 27 (to vote for this comment, please visit the site)

Yeah I love that graph, the funny thing is it lines up nearly perfectly with the Vancouver graph if you put the start at around ‘86 or ‘87. The sell-off/Bear-trap lines up perfectly with the dip in the ’90s and even the double camel hump has appeared right on schedule just as I predicted about a year ago when I first composited those two graphs together, it’s scary how typical the pattern is actually, Vancouver is a textbook bubble.

Current score: 10 (to vote for this comment, please visit the site)

I almost spewed some coffee out my nose when I read your post “the majority of the properties weren’t fit for human habitation, let alone pets”

I think in my next search, when I get up the guts to move (maybe April?), I’ll do just that. I’d like to get into a place that’s so nice I won’t feel I’m “waiting” for a correction.

This last year and a half since we sold our condo has been a rental nightmare. The building is falling apart, the neighbour tenant was crazy (evicted now), and the management company is beyond incompetent. But it’s cheap and I love the location. Isn’t life just an annoying series of tradeoffs!

Current score: 5 (to vote for this comment, please visit the site)

- Not True, http://www.theglobeandmail.com.....le1367348/

36 serious reactions out of 6.6 million doses and one (unconfirmed) death. Hardly roulette wheel odds.

Current score: 6 (to vote for this comment, please visit the site)

I’m sure there’s an appropriate forum somewhere for crazy, unsupported, actively disproven drivel.

Current score: 1 (to vote for this comment, please visit the site)

Re the pets & rentals thing. We encountered the same problem when we moved to Vancouver in the summer. I couldn’t believe the number of “no pets” listings. Anyway, it didn’t matter in the end, we viewed tons of properties and whenever we saw one we liked, we mentioned on the way out the door that we had pets. They all said “OK”. The joke is that the majority of the properties weren’t fit for human habitation, let alone pets – and these were all houses priced in the $3-4k/mo range. Unbelievable.

So, my advice to you is never mention pets over the phone, always leave it until after they’ve met you. If they like you, it won’t be a problem. That was the advice we were given, and it worked.

Current score: 1 (to vote for this comment, please visit the site)

I got the same speal from the community health nurse when I asked her about the possible side effects of the poison she was dishing out. When I asked why so many kids seemed to come down with autistic like side effects she said “only one in thousand will have that happen” I said no thanks, I am not a gambler. When she inssited that it benefited everyone I replied “will you guarantee that my kid will be supported by the government if he gets sick” She said no they won’t do that”.

I see those asshole sucking CANUCKS also jumped the que over the necks of children, real heroes.

http://www.nationalpost.com/ne.....id=2240853

Current score: -12 (to vote for this comment, please visit the site)