Re #145:

The bears didn’t buy –> good decision –> good luck for the rest of year –> yay!

Chris Lee says;

“In Chinese tradition, if you make good decisions at the beginning of this year and the whole year, it will be good luck.”

I guess that’s a year of bad luck for the Lee ‘sisters’.

IMF just said housing prices still over-valued in Canada by 10%. Huh?

In my circle, the guys that did best money-wise were the ones that got a job right after high school and bought a house right away (10+ years ago). Those that went to university screwed themselves over.

Guy SKIPPED University: $300,000 house now worth $1 Million. $15 dollar and hour job initially, Now $15. $210,000 mortgage remaining. Suite income $750 tax free monthly. Minimal income taxes payable, maximum child benefits!

Guy WENT TO UNIVERSITY: Renting now. Wants to buy $1 Million house. $25/hr job now. Pays more income taxes. No suite income. Doesn’t qualify for max child benefits.

Who’s better off??

****These types of imbalances will be the undoing of Canada!****

What you going to do about it?

Why would Cressey cut ties? The developers pay these guys to take inventory off their books so developments look pre-sold. This has been the game for a long time.
Oh and ya, Cam M without a doubt is part of this. I would put he and his wife into the category of “promoters”. It is what it is. 🙂
$20k fine meaningless to them btw. Bigger issue would be suspension of license.

Re #138:

Is it a mystery that a phone call or two can’t solve?

TI: 150006??!???
Seriously? That is a MOI of 100+.

“But McNeil says just how the incident happened may never be solved.”

It’s like the statues on Easter Island, or the assassination of JFK. Maybe Jimmy Hoffa did it.

I can sympathize with McNeil’s frustration. I mean stunts like this without the knowledge of upper-level management are an everyday occurrence in the business world. Stuff happens! No need to dwell on it. There’s too much too look forward to in life, like another cloudy February day tomorrow with Vancouver condos getting more and more affordable by the day.

@137

Fair enough. How can he be expected to know what happened? He obviously didn’t plan it or sign off on it. And it’s not like he could call Amanda and Chis into his office and ask, “What happened?”. I guess it will forever be a mystery.

“I found it interesting that the CBC reporter says he intentionally went out of his way to find Chinese buyers to make the story. Which goes to show how manufactured the news is.”

Agree. A lot of the “news” you see on TV or in the papers is stuff reporters seek out because of some hypothesis they have or some rumour they hear … or something somebody wants them to hype for whatever reason. And when you go out purposely looking for examples to verify something, they are often easy to find … or fake.

I found it interesting that the CBC reporter says he intentionally went out of his way to find Chinese buyers to make the story. Which goes to show how manufactured the news is. I would like to know how this CNY story came about. Was it pitched to him by Mac or did he come by it himself? Either way CBC deserves some blame for this. They claim they were duped but that’s what happens when you shill for the RE industry.

Kudos to those of you here and at Whispers for sleuthing this out, and more importantly for following this up and making this a MSM story. Yay to Andrea Woo at G&M as well.

Anonymous Says:
February 14th, 2013 at 9:12 pm

So, amidst all this outrage over mac and Ms. Lee, did anybody even notice the HUGE spike is sales today? 174 sales!

PARTY TIME!

Party time starts after realtors have fully liquidated their RE positions and begin selling other people’s property. Then we will see the real churn as a statistically significant percentage of inventory and steep price declines.

Be sure to follow the advice of prominent realtors on TV and withhold your listing until they tell you it’s “OK” for you to list your property.

http://www.youtube.com/watch?v=17jO_w6f8Ck

Hate to tell you guys this, but based on today’s sales the MOI just plummeted to approx. 3 months.

C’mon Groundhog, don’t rain on my parade! Killjoy.

@anonymous

174 sales is not all that unusual for February. What is unusual is that 174 sales is considered a huge spike.

Why it’s not Paul posted the number today? Who is this Anonymous?

bears`mentality is that if they dont have them, might as well smash them. silly bears with too much time on their hand.

So, amidst all this outrage over mac and Ms. Lee, did anybody even notice the HUGE spike is sales today? 174 sales!

PARTY TIME!