Let's see now. The approx population of Lynn Valley is about 8,000 including children. A new computer with 10 years internet connection cost about 2,000.00 maybe less

If one divides the population into a family unit then there are about 3,000 familes

3,000 times 2,000 = $6,000,000.00

Close the libraries and have a central one where people can order a book and have it delivered and returned the same way…mail

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I didn’t say that money laundering supports RE prices.

You were responding to another poster who said the drug trade supports the economy, and by implication RE prices (that's what this blog is about, you know).

I think this website is more your style. Maybe they have a comments section:

http://www.cheechandchongtour.com/splash.html

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Well, if you’re in the drug trade and you’re stupid enough to admit it on a public forum then I can see how you’d think laundering money through real-estate was a good idea too.

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Since I’m not the Slim that you’re referring too (that’s a different Slim than the original – me), I won't take offense to you’re comment.

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I didn’t say that, dummy. What I said is that money laundering (or other exotic sources) cannot support RE prices as the price level is determined by what the least able and willing buyer, Joe Homedebtor, is able to pay.

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I didn't say that money laundering supports RE prices. I said that housing is a convenient avenue to launder money and if it's not obviously clear to you why, you're in denial. Laundering money is another piece of the puzzle that can make higher prices affordable for some.

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That can’t happen with real estate because the exchange of property is recorded so anyone can tell who paid how much money to whom and you can’t make money appear as if by magic because the SOURCE of the money is recorded so it would have to be already laundered money at that point.

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Did you read what I wrote?

You don't think that I could spend a $100k on renovations that would significantly increase the value of my house (way more than original $100K invested in reno’s) and never have a receipt to show for it? You're kidding right? I buy a house, pay a whack of cash under the table for upgrade materials and labour and sell for a huge profit. How exactly would that be tracked? It’s money that's washed clean and not traceable, and to boot there’s even a big profit. My goodness you're naïve!

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And I really dread supporting anything Real Paul has to say, but if you know anyone on the VPD and other municipal police forces, they will admit that there is some validity in what RP has said about those involved in grow ops.

A sergeant friend of mine on the drug side of operations admitted a few months back how pervasive the problem is. He admitted that they were so busy just dismantling the grow ops and running to the next one, that they did not have the time to prosecute the operators. Apparently, things have slowed down now though…

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Well, if you're in the drug trade and you're stupid enough to admit it on a public forum then I can see how you'd think laundering money through real-estate was a good idea too.

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But get, let’s say, 20 people sporting the same non-sponsor t-shirt at the gate, and there might be a problem.

And just how are they going to know at the gate what kind of t-shirt someone is wearing? It is wintertime, you know.

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Nothing I stated contradicts your position. What? Do you think that a price drop is going to stop people from laundering cash through RE? Why would it?

I didn't say that, dummy. What I said is that money laundering (or other exotic sources) cannot support RE prices as the price level is determined by what the least able and willing buyer, Joe Homedebtor, is able to pay.

Any fool can see this from the price behaviour over the past couple of years, but it looks like you're not just any fool.

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