Friday Free-for-all!
We’re closing in on the weekend, are you getting excited? Every Friday we do our end of the week economic news round-up and open topic discussion, so lets get ‘er started! Here are a few stories to kick off the talk:
-CMHC: Homebuilding poised for a revival
-Bankers get the bonus, taxpayers take the risk
-Demographia: Vancouver ‘least affordable’ housing (pdf)
-UBC: Olympics offer no economic gains
-Toronto and Vancouver have hottest market
-2000 fewer million dollar homes in the lower mainland
-Scotia Capital thinks Canada in a housing bubble
-Don’t bite off more mortgage than you can chew
-The Desjardins affordability index
-BOC: Household debt ‘most prominent risk’
-US home sales plunge, worst drop in 40 years
-Seattle home prices hit new low
-More China bubble fears
So what are you seeing out there in the streets and lanes of Vancouver? Post your news links, thoughts and anecdotes here and have an excellent weekend!
February 1st, 2010 at 8:11 am
@jjss: Excellent find! So many great lines, but I think this one is my favourite:
February 1st, 2010 at 1:02 am
@Dave:
Wow, you really don't understand the difference between real and nominal prices, do you, Dave? No, with inflation mortgages go down in real terms, which is one of the benefits of paying off a mortgage during periods of high inflation.
February 1st, 2010 at 12:44 am
@rp:
I took a dump tonight and noticed that there was more useful information written on my turd than in yesterdays' Sun.
Whoever says newspapers don't know shit might be on to something! No self respecting dead fish would be caught dead wrapped in the Sun!
January 31st, 2010 at 11:14 pm
@patriotz: You forgot to add China and India to the list. Anybody who thinks that real wages will increase is delusional. In fact, real wages in the manufacturing sector have not increased in North America since the early 1970s.
January 31st, 2010 at 10:50 pm
sorry about the repetition – It wasn't going through.
January 31st, 2010 at 10:48 pm
Some more press!
http://www.guardian.co.uk/commentisfree/cifameric…
January 31st, 2010 at 10:40 pm
Some more news!
http://www.guardian.co.uk/commentisfree/cifameric…
January 31st, 2010 at 10:35 pm
Some more press!!!
http://www.guardian.co.uk/commentisfree/cifameric…
“We have an income of $90,000 to $130,000 and a downpayment of $280,000 and I’m still not touching real estate in Vancouver. It is vastly overpriced.” « Vancouver Real Estate Anecdote Archive Says:
January 31st, 2010 at 8:45 pm
[...] January 2010 · Leave a Comment This from JJ John at vancouvercondo.info 31 Jan 2010 2:07 pm [...]
January 31st, 2010 at 7:36 pm
@Anonymous:
That was just some random guy taking the piss out of Informer10 (note our regular 'contributor' is Informer10 and this guy is Informer5).
January 31st, 2010 at 6:22 pm
That's right 107 you are drinking the piss and claiming it's champagne.
Pretending to be stupid must be the funniest thing ever.
Do you live at woodwards smart guy?
iz werst when preten stupid I do or be Dave and rent is going up and I really believe this because I just said it so now it's true and remember the metrics… Ignore the stars like drachen, patriotz etc. and listen to my intentionally stupid posts cause I'm Dave/Satv/John/Dosh
All the same idiot iz him
January 31st, 2010 at 5:38 pm
informer – "ronkings"? now you re just taking the piss. now we know you too are a troll, lol. funny. have fun trolling.
January 31st, 2010 at 4:22 pm
That's right David Vancouver number 1 in wurld heulth ronkings too.
"Due in part to rampant intravenous drug use, the area's HIV rate is the worst in the developed world, said International AIDS Society president Dr. Julio Montaner. The HIV rate qualifies the Downtown Eastside for World Health Organization epidemic status, he said."
January 31st, 2010 at 4:19 pm
See we are number 1, buy at woodwards before someone ,who's rich, does:
"This neighborhood is the most concentrated drug and poverty ghetto in North America, with high use of heroin, cocaine and methamphetamine,"
January 31st, 2010 at 4:17 pm
Dave's whole purpose is to discredit the bulls. He's a bear pretending to be a stupid bull. He thinks it's fun to make silly statements that are clearly wrong and he sits at his computer laughing while everyonetrips over themselves to vote him down and tell him he's being moronic and totally irrelevant.
January 31st, 2010 at 3:34 pm
epic dave-fael on the rental data front
just another example that undercuts pretty much everything he has to say.
January 31st, 2010 at 3:19 pm
@Wilma:
A few other things happened in the early 80's. Like "restraint", the Fraser Institute, Kerkoff Construction, Ronald Reagan, etc.
Anyone who thinks wages would track increased inflation this time around is dreaming.
January 31st, 2010 at 2:58 pm
Wage inflation usually goes up in high inflation. That's what happened in the early 80's. Didn't Trudeau bring in price controls of 6% and froze wage increases. If interest rates go up now it's going to cause a huge dragg on the economy the only way I can see them going double didget is with higher inflation and wage inflation. Our worst worry would be deflation.