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rp1
Guest
rp1

Please don’t give them any more ideas. We should have all learned that sarcasm is only one step away from being reality. I don’t read The Onion anymore. It’s just too painful to contemplate.

patriotz
Member

He’s baaack…
Former Vancouver mayor Sam Sullivan back in politics with B.C Liberal nomination

“Not one taxpayer has paid one dollar for the Olympic village,” he said. “And they never will.”

http://www.nytimes.com/2010/01/31/sports/olympics/31sullivan.html?pagewanted=all&_r=0

patriotz
Member

Should you postpone buying a house?

Larry moves further into fantasy writing. As usual, the comments are the best part.

Anonymous
Guest
Anonymous

My home is worth $1000 more this Saturday than it was last Monday.

At this rate, it will be worth $104,000 more in 24 months.

Don’t you just love bear logic?…working against them. Lol

Woosh
Guest
Woosh

Anon5: uh that’s not bear logic is it? It’s bull logic.

You’re not the sharpest bulb in the sea are you?

Rob
Guest
Rob

I wonder if Rennie has been by the show room yet. It’s difficult to think of someone more interested in art and real estate than he.

Democrass
Guest
Democrass

Just want to remind everyone that The Governor of the Bank of Canada said that real estate prices will fall for the next couple of years.

I know all you realtors will say and do anything to make a sale, even bring out fake buyers to fraud the TV audience into buying a house. But why would anyone in their right mind buy in the next two years? Do yourselves and everyone else a favour – go backpaking around Europe and Asia for a couple of years and then come back and sell me a house when prices are down at least 35%.

Short'em High
Guest
Short'em High

@G&M Larry Macdonald “Not Postponing”

E I E I, oh!!!!

From the comments:

only buy what you can afford to lose

…then have a guaranteed loss equal to the entire mortgage because there is no way to limit risk to just the downpayment when your property goes no-bid and your no-talent overpaid ass is thrown out of the “shovel ready” make-work job that was only possible because of central bank money printing.

Patiently Waiting
Member
Patiently Waiting

It begins…

http://www.nsnews.com/news/Blaze+leaves+home+ruin/7989638/story.html

West Van view home gutted by fire. Nobody was home. Was it occupied at all?

patriotz
Member

The loonie’s sinking like a stone. Here’s why

If investors stop seeing CAD fixed income as safe, what happens?

Many Franks
Guest
Active Member
Many Franks
CIBC is claiming that Canadians have suddenly discovered prudence — it was there behind the couch the whole time: “I think that this report is showing that Canadians are starting to show some…financial maturity,” Mr. Tal said. “They have no motivation to reduce credit. They are not losing their jobs, interest rates have not risen. They can continue to borrow and they are not,” he said. There is no justification for that string of inventions.The only numbers he quotes are: In November of last year, consumer credit outstanding rose by only 2.7% on a year-over-year basis, the slowest pace since 1993, the report said. …which in comparison to this report looks like a cherry-picked outlier in Q4, and… The trend in borrowing related directly to Canada’s wobbly housing market is also encouraging, with total mortgages outstanding growing by 5.6% in… Read more »
/dev/null
Member
/dev/null

@Patiently Waiting: was the house for sale? There are a few listed properties right at that spot I think. There was also a suite for rent nearby (http://vancouver.en.craigslist.ca/nvn/apa/3610786523.html). Wonder if it’s the same place.

Short'em High
Guest
Short'em High

…investors stop seeing CAD fixed income as safe, what happens?

Ummm…, they keep buying fixed income and yield stocks on the dip until they suddenly gap down and totally wipe out their accounts?

Personally, I wish there was less talk about this particular trade that I piled into a few weeks ago. 2 cents on $2M is only $40K so far. Ideally, those that are funding my gain will be notified only after 10-15 cents of CAD decline

AND exactly at the moment when the mainstream media informs them that their house was actually worth significantly less than they paid when they bought it

AND that they are likely going to have a cut in pay if they keep their job at all.

painted turtle
Guest
painted turtle

MLS® V985387
758 31st av E
Jan 12/13 $889,000
Sold Feb 6 $795,000

They say what happens during Chinese New Year defines the trend for the next 12 months…

VMD
Member

Rona to cut 200 full-time administration jobs as Q4 results underwhelm

“”We are facing short-term headwinds in our industry with key indicators trending downward but the fundamentals of the renovation and construction industry remain robust,” Boies said.”

– short-term… right..

Groundhog
Guest
Groundhog

@VMD

Rona, Best Buy…. Is the downturn nearing the vicious circle phase?

spit
Guest
spit

MLS® V985387
758 31st av E
Jan 12/13 $889,000
Sold Feb 6 $795,000

They say what happens during Chinese New Year defines the trend for the next 12 months…

————————-

Over 10% off of list price. I like that trend!

spit
Guest
spit

“Rona, Best Buy…. Is the downturn nearing the vicious circle phase?”

It wasn’t really difficult to see the massive overbuilding in commercial real estate.

Maybe we’ll see less cars on the road. The commute yesterday was brutal!

Short'em High
Guest
Short'em High

…Rona, Best Buy… vicious circle…

NO, NO, NO! What he said. More of that: Short-term, don’t worry, it always comes back… etc.

You guys, for shame! Stop spooking the herd before they are coralled at the slaughter chute!

Wait at least until I’ve doubled the $50K I allocated to finance my $2M short CAD position. You’d think people would wait to talk about it until at least a 4 cent drop where it went a few months ago.

b5baxter
Member

Inventory is now at the highest point it has been in the last 8 years for this time of year.

http://vancouverpeak.com/Thread-Inventory-Graphs?pid=503#pid503

Over the last 30 days the average daily increase was:
59
At this rate we would reach 16,000 in 11 days (Mar-04-13)
At this rate we would reach 20,000 in 79 days (May-10-13)
and 25,000 by August 3rd.
Thanks PaulB for the numbers!

oneangryslav2
Guest
oneangryslav2

“In view of their overall financial discipline recently, at least according to this report, maybe the country’s economic kingpins won’t begrudge Canadians a shiny new car.

There is just so much fail here that it’s hard to know where to begin. This should be the epigraph to a book written about the era of Canadian (and global) political economy.

Short'em High
Guest
Short'em High

Consumer discretionary firms went first.

Canadian Tire Reports Increased Revenue

Canadian Tire Corp. Ltd. (TSX:CTC) has reported a small increase in fourth-quarter revenue, but also an almost two per cent drop in net profit in the final three months of the year.

Forget that last part about the net profit trend. It is obviously a misprint by a drunk reporter. Just remember the first part about higher revenues and buy buy buy! Bank stocks should be good too. They’re all good. Any negative stuff is just put there to confuse investors. Buy a second house in Vancouver and then use HELOC equity on that one to buy these great stocks. Even Tim Hortons is so confident they are actually raising their dividend despite missing their earnings target.

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

b5baxter, you are on my nice poster list.

VMD
Member

Just found this nice data depot at UBC Sauder School of Business website

(including up-to-date nominal vs real house prices by city up to 2012)

http://www.sauder.ubc.ca/Faculty/Research_Centres/Centre_for_Urban_Economics_and_Real_Estate/Canadian_Cities_Housing_and_Real_Estate_Data

wpDiscuz