Friday Free-for-all!

It’s the end of another work week and that means it’s time for the weekend round up and open topic economic discussion thread! Here are a few recent links to kick off the chat:

Social housing deal for the Olympic Village
Lack of guarantee stalls OV sales
Rennie on Campbells HST handling: “shittiest salesman”
Condo market heating up
Home without equity is a rental with debt
Toronto and US best bets for investors
Nanaimo prices continue descent
For Realtors, business as usual
Vancouvers gravity defying stats

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

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D. Bone
D. Bone
9 years ago

@capital punishment:

http://www.theglobeandmail.com…..le1789172/

from the same article:

"The Canadian residential mortgage market crossed the $1-trillion threshold for the first time this year as higher prices forced many to borrow heavily to finance their new homes and low interest rates encouraged many more to refinance"

………

Hmm, makes me curious. How were borowers 'forced' to to buy? I must have been sick that day.

Dan in Calgary
Dan in Calgary
9 years ago

@paradox, "The last guy who thought like that was Robert Mugabe in Zimbabwe."

Are you claiming that I'm advocating that white people should disappear, rather than making the observation that it's already happening?

The reason it's happening has nothing to do with Robert Mugabe and the likes of him.

Rather, imho, we're doing it to ourselves. I believe that affluence and reproductive fitness in human populations are inversely correlated. Look around at your friends, your family. My guess is they're not having kids like people used to. I'm not passing judgment on whether it's a good thing, or a bad thing. But it seems to me that it is happening.

capital punishment
capital punishment
9 years ago

http://www.theglobeandmail.com/report-on-business… at the end of the article: “There is a sizable minority, about 350,000 out of 5.65 million, or about 6 per cent, who would be challenged by rate rises of less than 1 per cent, and a further 225,000 (5 per cent) have thresholds in the range of 1.00 per cent to 1.49 per cent. However, most of these have fixed-rate mortgages: by the time their mortgages are due for renewal, time will have increased their financial capacity and reduced the amount of mortgage debt being financed. There are about 100,000 borrowers who are susceptible to short-term moves of interest rates, which is a quite small share (less than 2 per cent) of the 5.65 million mortgage holders in Canada.” except up above it said: Canadians have not been shy about using their mortgages to free up extra money… Read more »

LongtimelurkerOccasi
LongtimelurkerOccasi
9 years ago

Here's another:

http://www.youtube.com/watch?v=bBBBRdyYidk

I don't see what could possibly be said in favour of Bernanke's actions.

LongtimelurkerOccasi
LongtimelurkerOccasi
9 years ago

Remove Bernanke. Help Americans remove Bernanke.

Bernanke must be stopped.

http://www.youtube.com/watch?v=XK4dxacv7jY

Interested to know your reactions to this thought, friends.

Best place on meth
Best place on meth
9 years ago

Say what you will about our school system, it's still miles ahead of this country.

http://www.youtube.com/watch?v=Q-37qUrgFXQ

And these are the smarter people.

West Van WASPS( redu
West Van WASPS( redu
9 years ago

207 paradox Says:

November 7th, 2010 at 9:14 pm

@ Dan in calgary

“I especially enjoyed the bit about “all white people in the world could disappear”

The last guy who thought like that was Robert Mugabe in Zimbabwe.

He forcefully took the land from the white farmers and gave it to the blacks in 2000. We know how that ended for the country. But of course life goes on.

\\\\\\\\\\\////////////////////////////////

Shite….if Mssr. Mugabe(esq.) buys up in British Properties, this may affect our entitlement of high RE prices.

paradox
paradox
9 years ago

@ Dan in calgary

"I especially enjoyed the bit about “all white people in the world could disappear"

The last guy who thought like that was Robert Mugabe in Zimbabwe.

He forcefully took the land from the white farmers and gave it to the blacks in 2000. We know how that ended for the country. But of course life goes on.

Confucius
Confucius
9 years ago

@Dan in Calgary:

Lol, thanks for the tip.

Archie Bunker
Archie Bunker
9 years ago

190 Best place on meth Says:

November 7th, 2010 at 3:52 pm

@Keeping An Eye on The Pimps:

>>>For every Asian I see driving higher end BMW’s, I see tens of hundreds cleaning bathroom at malls, and working as security guards at Shoppers.<<<

I see thousands of them fighting over chicken legs when they go on sale at Superstore.

=====================================================

Yeah, and the rest of the chicken ain't to happy about that neither.

Dan in Calgary
Dan in Calgary
9 years ago

@Confucious #193,

If you don't want to have your post voted down in the future, just include a few key phrases such as "real estate pimps", "mindless bulls", "hopelessly over-priced market" and you'll get at least enough "up" votes to compensate for the "down" votes.

Dan in Calgary
Dan in Calgary
9 years ago

Confucious #193, I enjoyed your post. Glad I got to read it before it was voted into oblivion (for reasons that escape me). I especially enjoyed the bit about "all white people in the world could disappear", for the simple reason that it's actually happening! Well, not literally, but as a % of the world population, we're in decline, and in terms of influence, we're in decline. Oh well, we brought it on ourselves.

Bill Clinton
Bill Clinton
9 years ago

199 Best place on meth Says:

November 7th, 2010 at 7:35 pm

Should a renter choose an apartment based on the fact that it’s close to “classy restaurants”?

And the hospital?

Maybe those restaurants aren’t so classy after all.

http://vancouver.en.craigslist…..99622.html

===========================================

Listen…as long as its reasonably close to the No.5 Orange, I don't give a sh*t.

Bob Rennie
Bob Rennie
9 years ago

198 realpaul Says:

November 7th, 2010 at 6:07 pm

Aussie pimps are cookie replicants of the CXanadian variety

========================

I can say " G'day mate " with as little hint of a fudgepacking lisp as possible.

Archie Bunker
Archie Bunker
9 years ago

Not only that, but no single western nation has remained on top. It’s been Spain, France, Britain, US and arguable others. Egypt, China, India, Arabia, Persia and countless others have been on top throughout history. Each of them have played a large role in where we are today. All white people in the world could disappear right now and the world would continue to progress, same as it always did.

================================

So given the many "on top" references its kinda like the geo- political equivalent of the missionary position, with a slight hint of doggy -style ?!

Best place on meth
Best place on meth
9 years ago

Should a renter choose an apartment based on the fact that it's close to "classy restaurants"?

And the hospital?

Maybe those restaurants aren't so classy after all.

http://vancouver.en.craigslist.ca/van/apa/2045599

realpaul
realpaul
9 years ago

Aussie pimps are cookie replicants of the CXanadian variety

1) They're not making any more land

2) acute shortgages forecast

3) Asian buyers

4) Prices can't come down

etc etc etc……. ad nauseaum

http://www.bloomberg.com/news/2010-11-07/sydney-o

Even when faced with the evidence that listings are rising, sales are way down, sellers are taking homes off the market due to slow sales , rising rates squeeze etc etc the pimps are insisting that by making RE an 'exclusive club' they can draw in the suckers with a dog and pony show at a 'venue' as opposed to admitting that the shit has hit the fan. What a bunch of wankers…….or 'malaka's' as the greeks would say….perpetual masturbators.

Archie Bunker
Archie Bunker
9 years ago

Confucius ?

….or Confused Ass

Keeping An Eye on Th
Keeping An Eye on Th
9 years ago

Conf:

"Civilization is the sum of all it’s parts, same as it ever was"

So profound, so deep. Ever thought of becoming a motivational speaker.

Real estate board would hire you regularly.

Keeping An Eye on Th
Keeping An Eye on Th
9 years ago

@Confucius:

Confucius I thought you should end your post with:

Someone's laughing, Lord, kum bay ya;

Someone's laughing, Lord, kum bay ya;

Someone's laughing, Lord, kum bay ya,

O Lord, kum bay ya

Confucius
Confucius
9 years ago

Confucius say LOL.

Confucious
Confucious
9 years ago

@french: I'm just glad Westerners started bathing, but i'm pretty sure the French still don't. Claiming that Westerners are fully responsible for the current state of civilization is ridiculous. Without the compass or rockets, the world would be completely different. Civilization is the sum of all it's parts, same as it ever was. Scientific discoveries are happening at an accelerated pace. This is likely due to greater populations, stability and a domino effect of discoveries leading to others. Don't be so proud of yourself, just because your ancestors did great things. The west has been on top since industrialization, really just a blink of an eye in a historical sense. Not only that, but no single western nation has remained on top. It's been Spain, France, Britain, US and arguable others. Egypt, China, India, Arabia, Persia and countless others have… Read more »

jesse
9 years ago

Do people really think rich Asians are the cause of all their woes? Really? Of all the properties bought and sold this year, how many were bought by rich Asians (or even just "Asians"), and how many were bought by everyone else?

Keeping An Eye On Th
Keeping An Eye On Th
9 years ago

@Best place on meth:

Best place:

Yes, they fight over the chicken legs, and also the papayas and feminine hygiene products as well, not to forget the bananas when they go for less than 59 cents.

Indeed these people must be so wealthy they can move markets and keep bubbles afloat forever.

Best place on meth
Best place on meth
9 years ago

@Keeping An Eye on The Pimps:

>>>For every Asian I see driving higher end BMW’s, I see tens of hundreds cleaning bathroom at malls, and working as security guards at Shoppers.<<<

I see thousands of them fighting over chicken legs when they go on sale at Superstore.