FFFA! Speculations, Vacations, Credit and Collectables

Hey, you know what time it is?

It’s Free-for-all time!

This is when we do our regular end of the week news round up and open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

BOC says cooler market still at risk
BOE warns against rate increase risk
Developers limit exposure to investors
Do you vacation on credit?
Brokers see lost revenue
Many homes uninsurable?
BOC warns of mortgage securitization moves
Hong Kong developer shares tumble
Beanie Baby Values

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

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Strong GDP On Overounting
Guest
Strong GDP On Overounting

http://bc.ctvnews.ca/rona-closing-11-stores-in-b-c-ont-cutting-125-admin-staff-1.1344063

Don’t worry, there should be a strong GDP report right on cue from our sloppy friends at Statstan this very morning at 5:30am. Their overcounting of house flipping and resource production economic activity should restore that rosy glow to Canadian assets for at least a few days.

http://www.statcan.gc.ca/start-debut-eng.html

The unemployment report is NEXT week…

Realtors Wife
Guest
Realtors Wife

Up vote if I should leave my realtor husband.
The marriage is on the rocks. My husband hasn’t completed a single
Transaction in the last 9 months.and zero listings. Financially stressed would be
an understatement. We owe tons of money to my parents. We have 3 children to care for and feed.
If it wasn’t for the children, I would have dumped his sorry ass long ago.
Down vote if I should stay. Up vote if you think my husband is a looser and I should leave him.

Loon
Guest
Loon

Realtors wife:

You should have it made upvote to stay, downvote to leave. Now nobody will see your post.

Stay with him, n sickness and in health, in poor and in wealth. Tell him to look for a new career or get sellers to drop their asking prices.

Anonymous
Guest
Anonymous

Realtor’s wife: You were happy enough to stay when the market was glowing red hot. Now you want to leave? Hmmmm …

Anonymous
Guest
Anonymous

Realtors Wife: “Down vote if I should stay. Up vote if you think my husband is a looser and I should leave him.”

Your husband may be a loser but based on your comments you are nothing more than a crack whore. I say he should dump you. Why don’t you head down to East Hastings and see if you can make your own living?

Anonymous
Guest
Anonymous

Based on the amount of trolling on this site has seen of late there are a lot of people losing a lot of money in real estate. The realtors, speculators and flippers who thought they were going to have a good year are getting a reality check and are scared shtless. The more trolling we see the more it confirms the market is toast.

Anonymous
Guest
Anonymous

Just below “Click here to leap to comment form” it should read “Downvote trolls, don’t feed them.”

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

Don’t you think the average selling price and HPI are much better indicators? But seeing those rise doesn’t make you feel better for missing the boat and being priced out forever.

Instead you should use “bear logic” to make up new indicators for your rose coloured glasses.

“Based on the amount of trolling on this site has seen of late there are a lot of people losing a lot of money in real estate”

hardy har har
Guest
hardy har har

Hat tip to StaJ from HHVictoria for this bear food.

1711 Haultain St. (house by Jubilee Hospital)

Sold in June 2010 for $447,500, 2013 Assessment is $397,000.
Price Original $421,000
May 6/13 $319,900
Jun 26/13 $289,900

Over 35% off, if they get 289K.
Ouch!

Leave Him!!!!
Guest
Leave Him!!!!

To Realtors Wife, # 2
Leave Him! Leave Him! Leave Him! Leave Him! Leave Him!
Children’s Well being should be Paramount. The marriage is doomed.
Do not invest anymore money or emotion in the doomed marriage.
Sooner you leave, the sooner you can start fresh.
Do not listen to the BEARs here. They are misogynists.

Sarah

Anonymous
Guest
Anonymous

Post #6. You are dead wrong! 100% wrong!

The trolls here are most likely renters themselves. Why would homeowners visit this site on a regular basis? Ever thought about that? They would look at us as clowns.

The trolls here are renters who think other renters are clueless and don’t want to be grouped with them. However, misery loves company.

It’s the truth whether u like it or not.

Burnabonian
Guest
Burnabonian
Realtor’s wife: honour your marriage vows you disloyal little person. (Not that I believe that your post is real, but if it were…) For richer or for poorer. In sickness and in health. He has worked a job that he believed would provide for him and his family, and it didn’t work out. That shouldn’t mean that you get to take his house and children away from him as well. Stand by your man. (Of course, on second thought, if your loyalty to him is based only on his income and the number of steaks in his freezer –which your post might lead some to speculate– GTFO and give him back his freedom. Allow him to find someone who is true and good, rather than being trapped with an amoral gold digger who posts her divorce plans on RE Bear… Read more »
Dumb Blonde Realtor
Guest
Dumb Blonde Realtor

Asking Price: $16,888,000
http://rosalindavoth.com/mylistings.html

Assessed Value by BC assessment
$9,101,000

She must think that rich people who can afford
in this price range must be morons.

Her commission would be around $450,000, if she charges 7% on first $100,000.00 and 2.5% on the balance

Son of Ponzi
Guest
Son of Ponzi
Anonymous
Guest
Anonymous

Confirmed. Another bad day for the speculators. Whats wrong cant sell your Richond condo for what you paid? Thats OK it will be worth 20% less next year. Bahahaha! Maybe start trolling the bankrupcy blogs?

VMDwork
Guest
VMDwork

RBC just raised 5yr fixed discounted rate for 3rd time in past month.
Now 3.69%

Mortgage rates on serious upswing.
(source: @rcarrick )

Wakeup call
Guest
Wakeup call

” RBC just raised…”

Outch! and it looks like it’s only the beginning as Richard Fisher, president and CEO of the Fed Reserve of Dallas said today that the FED will start cutting back on their bond buying as early as September.

VMDwork
Guest
VMDwork

Here‘s the full announcement:
RBC Royal Bank announced today that it is increasing its residential mortgage rate offers effective July 3, 2013.

The changes are as follows:

Special Offer Rates*
4-year closed 3.39% (increased by 0.10%)
5-year closed 3.69% (increased by 0.20%)
7-year closed 3.99% (increased by 0.20%)
10-year closed 4.29% (increased by 0.30%)

Ignorance is bliss
Guest
Ignorance is bliss

Higher mortgage rates

Lower prices

Time Bomb

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

higher rates will finally, once and for all, cause the crash! i know we’ve said it before, but this time, finally, it’s for real!

addair
Guest
addair

US housing related stocks (ticker symbol) DHI, TOL, PHM, and KBH took a hit this week because of higher rate fear.

US recovery loosing steam.

@addair
Guest
@addair

what stock DIDN’t take a hit this week?

Premature Celebration
Guest
Premature Celebration

No offense, but we have been trumpeting these mortgage rate increases the inevitable decline of RE for several years. First they increase a tiny bit, then they go down, then up, then down, then up, then down – I am bloody tired of the tease….

I will wait till they increase at least 2 % before I get giddy….

Probably take another 5 years with the way the central bank flip flops….

addair
Guest
addair

“What stocks DIDN”T take a hit this week?”

Yes, I know it sucks, but actually, the DOW was up 0.9% for the week and the S&P was up 0.9%.
And, you ready for this? The bloody TSX was up 1.1% for the week…thanks to today.

Kbro
Guest
Kbro

What the hell you guys doing, up-voting BBB?
I fantasize regularly about meeting him in a dark ally.

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