@rp1:

I agree with patriotz – cool your jets

At the same time – remember your history – Chinese came here of their own volition, believing in new t’ang colonies and “gold mountain” – they also only built the railway in BC – no easy feat, but impossible without the Canadian, English and Scottish engineers and labourers, too.

Do it, you know you want to..

@Naked Official #9000: I think I saw her in a line up to buy a condo a few weeks ago. She really stood out as she was the only non asian with her parents money.

#85 @Can’t Wait: “The second- or third-generation Chinese buyer is a big driver of the condo market”

The second or third generation Chinese is also a big driver of the census. More yellow fever? Beware: we got these people to build a railroad for this nation and now their grandchildren which you went to school with in the 80’s are buying all the condos?

Can we keep the focus on the criminals embezzling dirty money from the PRC? Please?

Regarding Canadian and Australian currency being accepted as reserves: http://www.bloomberg.com/news/2012-11-19/imf-may-classify-aussie-canadian-dollars-as-reserve-currencies.html If this happens it could be very supportive for the US and world economies long term. For a country to have the world’s reserve currency is both a rare privilege and a great burden, which the US has shouldered for a long time. The US has to print money (= issue debt) in line with world economic growth. The system is easily gamed by building up excess reserves. Everyone needs reserves, right? But it distorts the US economy, which is a major engine of growth. One advantage of a gold-backed system is that gold changes hands so trade imbalances must be settled. The problem with a gold-backed system is that anyone who buys gold gets a risk-free claim on world economic growth, because the world’s gold supply usually expands at… Read more »

@Anonymous:

i never get tired of this joke

today i saw a woman wearing a black jacket and toque actually J-WALK on commercial – in the rain, in the dark – pushing a stroller. i honked as i passed, only to meet her in a store about 20 minutes later. i asked her if that was a good idea, j-walking in the dark, in the rain, wearing black, with her baby in a stroller, and she said:

“It’s actually not that bad.”

you can’t argue with that kind of dumb, no point.

and yeah, she was white, and from what i could tell, buying organic.

Check out dat sweet sell-list ratio lewsers

Whaddya mean November is 20% lower than last year?

Awwwww sheeeeeeeeeeaaaaaaaat

@an observer: / That was from the 2006 census – things are obviously much different in certain areas, like British Properties, Shaughnessy etc, now compared to 6 years ago///

Would that be the new Thaughnethy or the old Thaughnethy?

@lurker

so trying to sell at 1 888 888 did not help?
http://www.ecorealtyinc.ca/listing?id=259606107

@an observer

White Rock condos have already taken a large drop and will continue to do so. The amount of supply of new condos coming down the pipeline is unbelievable. The old condos, a lot from the 70’s, have no value and will have lots of repairs needed down the road. #1 on your weekly drop this week is a perfect example. I haven’t noticed the same drops in SFH, but very low sales as you mentioned. The few homes that have dropped to more reasonable levels I have seen sell quickly, but most of what I see matches what you say, homes sitting for months on end with ridiculous asking prices.

You just can’t underestimate the stupidity out there.

I fully believe a lot of sellers still think the market will be much better in the Spring and will list then.

The RE industry has really been pounding the MSM table on the “soft-landing” scenario and many still believe it.

It’s going to be nice to watch people wake from their delusions.

Another 108 idiots removed from the potential buyers list.