Harpers uber quest to gain a majority has had the government doing everything it can to cheat the hangman in spite of th e longer term destruction of the consumer economy in Canada, but….he's doing it anyway.

"Efforts to halt prices from falling sharply might keep homeowners, and hence millions of voters, happy, but it’s bad economic policy. First-time buyers would be forced to take on even more dangerously large mortgages. At the same time, if the housing market continues to swing up and down, that eventually translates into stagnation—albeit at high levels."

http://www2.macleans.ca/2010/09/04/avoiding-the-c…

@patriotz: Well, there's Prop 19, which is trying to lower the prison population some.

@VHB: The inventory graph is quite interesting this year. One would conjecture that it is the result of sellers not getting their prices and pulling their units off the market. But if we assume that's the case, it suggests (but is not proof of) that the market may be 15% investor driven (3000 or so units lower than what one might guess from a more typical graph). Either that, or 15% of the move up market has died because no FTB are buying in. Typically in a bubble the mania grows and pulls in more investors or current investors expand on their portfolios. Once the bubble reaches a peak, prices start to fall, or another possibility is that the market freezes, but prices eventually fall at the margin due to sellers who need to sell. The amazing thing about the… Read more »

@Boombust: Smart asses don't deal with "brown paper bag full o’ cash". That's so primitive.

Your contact can set up a shelf company in Nigeria, and deposit M$$$ account in an Asian merchant bank on your behalf. You then show up in an Asian city to empty the account and relay it to the Nigerian company with further instructions.

Ya ……maybe I should be thirteen and be looking for 'buddies' Bwahahahahahahahahahahahahahahahaha

Kids are so stupid….heres a good example of a 'real estate no brainer' from the perspective of an underage idiot.

http://www.financialpost.com/news/Property+Invest…

Must be rosy to think you're smart until reality smacks you on the ass eh?

Don't hate kiddies……realpaul always knows better. I know this because I'm kicking back on the beach…..and you're not.

"…using a credit card can be a rational choice."

LOVE those Airmiles!

oneangryslav2 Says:

September 5th, 2010 at 5:05 pm

@YLTNboomerang: This moron should find a RE agent who understands the Vancouver market. How could you have foregone the opportunity to reduce the price from $1,150,000 to $1,148,888?

Amateurs!

—————————————–

Sorry, a professional Realtor (TM) would have convinced the seller that the price is still too high and should reduce to a price that would sell: $888,888.88

@YLTNBoomerang: This moron should find a RE agent who understands the Vancouver market. How could you have foregone the opportunity to reduce the price from $1,150,000 to $1,148,888?

Amateurs!

Amazing price reduction:

v832960

Dropped from $1,150,000 to $1,147,500

$2500 price reduction on a million dollar property? Really? Think that's gonna make a difference? You originally listed at $1,450,000 in 2009 and the $300K drop didn't make a difference so maybe it's just about picking the right combination of numbers, not what the market wants to pay…

Some of you constantly demonize Vanderzalm and emphasize Gordon Campbell's era. Fortunately most people are able to pick up the underlying message and read between the lines. They all grew horns commencing the second term onwards.