Hey everyone, happy long weekend to you! Let’s do our regular open topic discussion thing.
- there may be stories added here later
But what are YOU seeing out there? Post your news links, thoughts and anecdotes here and have an excellent long weekend!
on Big banks facing home credit risk@mac: @condo watcher: Wait! I don't think that was explanation enough for you. By PAST, I mean a few years on Big banks facing home credit risk@condo watcher: Relax! I'm not saying it's happening now. In THE PAST when the MARKET WAS HOT, there were many
on Big banks facing home credit risk@mAC HOW DO YOU GET A SALES TO LIST FIGURE OF 115%--are they selling stuff that's not even on the
on Big banks facing home credit riskHopefully this time it works. Copied from PaulB’s number http://www.laurenandpaul.ca Using good-format’s format. Date Listing Price(+-) Sold Inv Inv(+-) S/L(%) on Big banks facing home credit risk Sorry for the previous post. I seem to have lost my PRE tag "touch". 
July 31st, 2011 at 3:39 am
I received a realtor handbill in the mail the other day. Usually, I like a good mixed metaphor but this one makes my head hurt:
"ACCORDION EFFECT PULLING THE MARKET – What does Kitsilano real estate, an accordion and dominos have in common? Every market has a trigger, something to ignite it. Single family homes have surged ahead this year – leaving condos almost standing still. The headlines tell us that all homes in Kitsilano are too expensive. Far from true! Truth is, condo pricing has changed little in 2 years, property taxes and monthly condo fees in Vancouver are among the lowest in North America; the total cost of ownership is affordable! As single family homes accordion ahead – opportunities open as supply/demand dominos its way through the various price ranges and micro markets in Kitsilano."
July 30th, 2011 at 6:34 am
@ comment 20 I have my house in Tokyo up for sale, its all realted to the earthquake etc. I found out I will face a loss of about 130,000 bucks. Knowing something and experiencing something is very different. I will never buy in a market like this where the odds of it plunging are much higher than it rising. the interest rate thingy is fleeting at best. unless you have som serious reason to buy other that rent i would stick to the numbers. you dont want to go through what i am right now.
July 30th, 2011 at 3:44 am
@ReadyToPop:
"If you look at the numbers, deflation was never a threat in my opinion. Given the spread between 1.25% on a GIC and inflation, aren’t the savings accounts of senior citizens and the poor accommodating borrowers to help inflate essentials like shelter?"
Yes, RTP
Greenspan should be in jail, sharing a cell with the rest of the central bankers.
Flaherty, et al, should be their bitches.
July 30th, 2011 at 2:58 am
If you look at the numbers, deflation was never a threat in my opinion. Given the spread between 1.25% on a GIC and inflation, aren't the savings accounts of senior citizens and the poor accommodating borrowers to help inflate essentials like shelter?