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I think he’s referring to the introduction of Mortgage insurance by the CMHC, which does go back 25 years and he’s suggesting the last 40 years as a total graph to look at so there’s some stable period before, then a very noticeable uptick in prices about 25 years ago. That’s how I read it anyhow.

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As it has been pointed out by several people on this blog, all you have to do is plotting the time series of house prices over the past 40 years. You will immediately identify the structural change in prices (higher price levels) associated to the introduction of the CHMC.

40 years ago single income households were still the norm. The rise of dual income households since that time is a fundamental support for higher real house prices.

I think you’re on more solid ground if you go back 25 years, since dual income households have been the norm for new homeowners since the boomers started working.

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“I can’t BELIEVE this poverty and hardship is in America’s national capitol” I said to no one in particular…

But you see license plates in DC that say “America’s Last Colony” (on the plate holder actually, it’s a statement from the residents), not “The Best Place on Earth”.

And I don’t think you’d see the residents of DC voting 2/3 to host the Olympics any time soon.

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“They’ll tell you homelessness is about addictions and mental illness, but that’s not true. It’s about housing supply, not enough homes for low-income people,” explains Pedersen.

What did I tell you? But everyone knows that the farmworkers (who make less than minimum wage), the people working at McD’s, etc, all have somewhere to live.

And we know that real rents are lower than a generation ago, when there was far less homelessness. And that supply of shelter is growing faster than demand.

Address the real problems.

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“They’ll tell you homelessness is about addictions and mental illness, but that’s not true. It’s about housing supply, not enough homes for low-income people,” explains Pedersen.

Sounds like Wendy Pedersen has the answer. All they need is homes on the East Side of Vancouver and all their problems dissapear.

Please note, we must supply with them with shelter on the East Side of Vancouver.

Also note, I must be supplied with one Red Ferrari.

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Greggy Robertson and his flouncing followers fancy dress thier way to total power. Zieg Heil Greggy Roberts, Obergrupenfurher of the foo-foo bee-cee-clettes seatless post riders brigade. Zieg Heil Vision Vanshithole.

What was that other syphlitic cabal that took over when the sheeple were sleeping?

If you voted for any of these clowns you should consider ending it.

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I know you guys are in sort of bubbly chord and then I start screwing up your brains.

Sorry for bothering you for last few days.

Best Regard

Informer 10 gone forever.

bye! bye.

Dave,ThePope,Drachen,Patriotz,,Sofia,BDK,Supraboy,Browntown.

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Take some ESL classes. Jeez, wtf are you trying to say?

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When economy goes up it will definitley increase the inflation rates and Banks must act to control inflation.

The only situations that can ever arise without gauge of economy recovery is that if for some reason consumer goods are hard to receive for example: limited excess to the area where consumers lives,disatour area where no help is reachable,Where government have no control to nab down prices,If storage centre is empty and can’t be fill up due to restriction of supply for consumer goods,Import restrictions or conflicts etc.

Unless or otherwise

Model A
Economy down
Employment down
Inflation down
Interest rates down

Model B

Economy UP
Employment UP
Inflation UP
Interest rates UP

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Why media is picking up Vancouver?

As joke from the pope suspect actually Vancouver real estate shows no sign colling off in the near future on a point where it can stop pulling over buyers from otherside of borders.So they are trying to hide their own problems and they had choose to highlight someone else’s problems.

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well now a days some boys got womb for re-production,Finally scullboy has reveled her secret at vci.Hey everyone! say thanks to (i) 10.

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The CHMC is the single most important cause of un-affordability in Vancouver (and many other areas of Canada).

As it has been pointed out by several people on this blog, all you have to do is plotting the time series of house prices over the past 40 years. You will immediately identify the structural change in prices (higher price levels) associated to the introduction of the CHMC.

The CHMC was introduced to make housing more affordable for Canadians by subsidizing loans. It has achieved the opposite effect.

Write to your MPs and tell them that you want the CHMC scrapped or dramatically reduced! You won’t regret that email.

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“Dipshit Mayor nad Full of shit Cloeman have conspired to set up a ‘media center’ to misdirect the foriegn media away from the facts. They must think they’re entertaining Bill Slut. Pamela Douchebag and Phony Parsons.”

Don’t hold back behind euphemisms and gentle language, we can handle it if you want to express how you really feel.

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I see the the head deniers like Dipshit Mayor nad Full of shit Cloeman have conspired to set up a ‘media center’ to misdirect the foriegn media away from the facts. They must think they’re entertaining Bill Slut. Pamela Douchebag and Phony Parsons. The international media was tearing greggy and Rich big new assholes today and Cloemans people had to prush him out of a very intense questions session by the greman, british , american and chinese media. Lolololololol this Olympic games is going to expose Vancshitzone for exactly what it is.

The foriegn media is touring the sewage outflows, they are touring the homeless camps, they are interviewing people who have been stifled by the local propaganda machine here.

‘Best place on earth?” lolololololol, not in the eyes of the world it isn’t. Did you see Greggy Robertson sweat when he had to answer questions. he couldn’t promise these guys ‘access’ or additional city ‘advertising’ to hide the facts. I’ll bet he doesn’t go out again in public for the duration of the games. Did thry think they had everyone fooled?

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Or just plot one of these for Vancouver.

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… $275 per room, including three meals a day. Wow, I should move to Olympic cruise ship hotel for two weeks, it would be cheaper then staying at my downtown condo and eating out.

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Hey, you snot-nose. I was in Washington DC last summer.

It doesn’t take too long to find the same, and WORSE across the Potomac.

“I can’t BELIEVE this poverty and hardship is in America’s national capitol” I said to no one in particular…

And, ever been to Baltimore only an hour’s drive away? UUUUuuuuugly.

And then there’s the Newark/Jersey City area. So buggar off.

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“So the question then becomes, who is between the bears and a 40 or 50% drop in prices? Anyone?”

There are some, the hard-core kool-aid drinkers will always believe that any drop in the market is just temporary, they’ll use their other properties to leverage the buying of new ones and in the end these are going to be the people who truly lose everything because the levee is going to break and no matter how hard they believe in the market a few thousand people simply cannot hold the water back.

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Remember, home ownership rates were at all time highs— with many average people owning multiple properties— before the current first time home buyer led, Vancouver real estate inflation explosion of 2009, and I guess early 2010?

Nevertheless, time for a paradigm shift Yogi: You want people to buy homes right now.

By definition— all the people who would have bought Vancouver real estate, if it depreciated by 15 or 20%, already did in 2009. So the question then becomes, who is between the bears and a 40 or 50% drop in prices? Anyone?

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