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In other words eight people move into a house that used to have just two occupants.

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There’s a name for that: ‘Kitsalanofication’. Funny, it used to be the Russians that didn’t have any single family dwellings. Seems like we’re headed there now! What happened?

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*ahem* AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!

Um, you seem to think about me a *lot* SupraLadyBoy. Admittedly I have that affect on a lot of girly Asian boys. I know, I know…. you’ve heard about virile Maritime men and what we’re swingin’ under our kilts.

It’s gotta be tough, you and all your ladyboy friends servicing those fat old Daddy types. That’s how you’re getting into the Olympic events, right? I mean those call center jobs aren’t exactly high paying. Only you and your little girlfriends would be stupid enough to pay 7 bucks for that watered down moose piss. Luckily it only takes …. what…. a shot and a half of the stuff to get you buzzed enough to go on your back for Daddy. I’m sure thoughts of me will be going through your head at the time too…. “Damn that scull boy with his boyish good looks, I’ll be he’s so manly in his kilt and big…. swingin…. sporran….”

And since I’m speaking to one of ‘em now maybe you can tell me, is your obsession simple jealousy or are you just starvin’ for a real man? Is it bitterness over what you can never have? C’mon dude, I’m dyin’ to know.

And for the rest of you, yeah admittedly it’s a vulgar post but I had to address Supra’s obsession…. it was getting a little disturbing.

Those Asian fem boys can be so clingy and they never take “no” for an answer…..

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I have an issue with 85% of the current tax revenue of all levels of government going into wages and benefits of civil servants.

That is complete nonsense, the only level of government that spends that kind of money on its own employees (which is what I assume you mean by “civil servants”) is the school boards. Municipalities come next but they have much higher capital costs.

Public sector employees account for 17% of all employment in Canada. But public sector spending is about 35% of GDP. Obviously spending on government employees must be far smaller than you claim. For example:

Of the $223.9 billion in federal spending in 2007, about one-third was dedicated to social security payments, family allowances and income assistance. International activities such as national defense, foreign diplomacy and international assistance totaled 10% of federal spending, as did health care and general purpose transfer payments to other levels of government.

http://www41.statcan.ca/2008/3.....00-eng.htm

Not mentioned above is debt service costs, which by themselves make your 85% figure impossible.

BTW doctors are not government employees, although of course almost all of their income comes from the government. Similarly many other people in the private sector such as construction workers.

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the poor ones tend to pool their resources accross a sizeable family grouping. they tend to target the type of product the boomers are downsizing from.

In other words eight people move into a house that used to have just two occupants. Yeah, that’s just the ticket to keep demand up to supply.

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RE bulls and RE bears would be seated at separate tables…just kidding, although Supraboy would have to sit in the corner by himself.

Any interest?

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America slides deeper into depression as Wall Street revels

(but we borrow like there’s no tomorrow….RTP)

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“This is a very strange time – I’ve never seen anything quite like it – with no good places to be, at least as far as Americans in America are concerned. Maybe Canadians are next – their real estate market hasn’t really collapsed yet. If I still owned property in Canada – I used to live in Vancouver – I’d hit the bid tomorrow morning. The same in Australia, China, and the UK.”

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http://global-economics.ca/imm.....ntario.htm
http://www.canadaimmigrants.com/statistics.asp

These people are not going to be buy real estate at current valuations from boomers. Not even close.

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I’ll keep it simple for you: the retirement wave will cause more supply than demand in RE over the next generation. In other words, the fundamentals will worsen. Bad for real estate. Real prices would drop even in a healthy market, but since we’re in a super bubble (locally), they will collapse.

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There is significant underutilization of SFHs as baby boomers’ children leave home. This is backed up by data from the suburbs showing population declines in established (SFH) neighbourhoods.

There are three primary classes of boomers selling: those who want to downsize because they don’t like the extra space, and those who HAVE to downsize because it’s their retirement nest egg or their health deteriorates. We will soon find out who’s been the grasshopper. On average I expect significantly more grasshoppers than buyers.

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I’m so happy scullboy is out of town. He’s missing out on a great world event. I’ll think about that bozo when I sit at GM Place watching hockey games while sipping my $7 beer.

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If 60% of the boomers had their homes paid off, which I suspect they do in Vancouver (ours were years ago), this means they won’t be selling. Boomers are healthier than ever — people still exercise. The current extreme ultra-runner record holder in British Columbia is held by a 65 year old man! Ultra-running is like running over 42KM. You folks here can run more than 50miles continuously?!?

So they are not dropping dead.

What will be causing the downfall of the real estate market is the shift to another asset class. The reason why RE went hot was due to the dot.com bust — eg Nasdaq is still below 5000 for a decade! Once an asset class is identified, bubble will form and you’ll see a shift from RE asset to that. And then, there’s no turning back. Other factors like interest rate hikes and so forth are just the medium.

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Not the place for politics? We are talking about economic policy right?

Pointed out some reasons they’ll dip further in the polls? Please tell me you’re not an Iggy supporter and believe the hype. Harper pulled this stunt before, and the sheeple forgot all about it.

My conservative roommate is part of that 10% dip in the polls… yet do I really think he’ll ever vote for the left? Ya right, hell will freeze over first.

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Instead of schoolbooks we have indexed diamond studded pensions, what is right about that?

Instead of an audit on competancy we have the BCTF trying to negotiate a moratorium on testing, why?

Instead od reduceing the fat we have unions agitating for bigger concessions from the minority government for support, why?

When the tax revenue needed for hospitals and seniors gets 100% siphoned off the greedy socialist unions and you’re personal tax bite go’s from 70% to 100%, then I suspect thosse who support the staus quo will shake themselves off and say

“Wha hoppen man, don’t bogart that joint dude”.

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I beleive the book was titled: “Boom, Bust and Echo”

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