@ ROMEO JORDAN

you said

“Oracle,

Smells like a peak story, one you tell after the apocalypse, to me.

Your friend is a true idiot. He will get hammered.”

—> he bought tear down for $725,000 on a 90 x 110 foot lot in Oakville. Cost of 3200 sq ft home he is building at $125 per sq ft. equals $400,000.

—> The house will be finished in about 5 weeks time.

—-> Listing for $2 Million. Cost is $1.125 Million.

I will let you know how much he makes. Why so jealous with the name calling?

“Does every major asset seem expensive to you right now? Does it seem overpriced?”

—> Lots of money chasing diminishing yields or is tied up in assets. The smart money doesn’t think rates are going up anytime soon, but does believe central banks will set the world awash in more money than ever before.

@ oracle
Please let me know the name of the builder. I thought high end houses were at least 200 $ per sqft. What you get for $125 is very basic. But may be there is a market for 2 million dollar houses built on the cheap. If so, builders must make a killing.

Considering all the compaining Harper made when Russia went into Ukraine, wonder why he is keeping silent over Israel´s invasion of Palestine? Are three innocent Israeli lives the same as hundreds of Palestinian innocent lives?
Follow the money behind Harper from Joseph Oliver to Segal and you will see why he is silent. Shame on us we are no longer honest brokers in the world. We will sell out to anyone with money from RE to our politicians views.

http://asia.nikkei.com/Markets/Realty-Reality/China-s-property-policy-hits-rough-patch

>Does every major asset seem expensive to you right now? Does it seem overpriced?

i guess the stock market is overpriced too? hey, haven’t you bears been bragging about how you plow your savings into “safe” stocks. oops! looks like you “sheeple”/”muppets” are participating in a bubble. d’oh!

Bull bull bull: I got a little nervous before the Alcoa earnings. Converted stocks to cash for $20 in a few minutes time. Let’s see you do that trick with a house.

I did the same as I love charts, nice to be able to quickly sell part of your investment to take the profit and keep some of your money in the market instead of ‘all or nothing’

Chinese purchases of U.S. homes are likely to continue increasing as the country’s swelling ranks of affluent consumers seek refuge from pollution and political and economic uncertainty, according to Thilo Hanemann, who tracks cross-border investment for the New York-based Rhodium Group.

“A lot of people are trying to hedge against a generally bearish outlook for the Chinese economy,” Hanemann said in a telephone interview. “Buying real estate overseas has been in the past limited to a relatively small group of wealthy individuals and sometimes government officials. But it’s become a much bigger trend, involving affluent middle-class people.”

http://finance.yahoo.com/news/chinese-cash-bearing-buyers-fuel-144752068.html

@ILoveCharts @diversawhat?

you aren’t denying my accusation that you are bubble chasing sheeple.

@Bo Xilai

“It also claimed that one BOC branch in Guangdong alone had funnelled 6 billion yuan (HK$7.5 billion) out of the country this year.”

These are Cantonese people, not northern chinese mandarin people.

This is also in Guangdong. in the article they talk about “sothern Chinese”, really they mean Cantonese. The central government is trying to control them, but remember these people have a long tradition of lawlessness. You have seen this in North America in the form of Triads, gambling, prostitutes massage parlors. Macau is run by Cantonese gangsters.

Porcupines in cages, endangered tortoises in buckets and snakes in cloth bags — rare wildlife is on open sale at a Chinese market, despite courts being ordered to jail those who eat endangered species.

https://news.yahoo.com/wild-things-crackdown-chinas-animal-eaters-fails-bite-054203267.html

Mls watch:

$200 a square foot? Don’t ever become a builder.

SFD in surrey runs around $100 a square foot. But they will tell guys like you it is $200/sq ft.

Example: 2800 sq foot house costs $280,000 to build plus $450,000 for the lot. Equals $730,000.

@realist

the only thing that your saying is that you are a more sophisticated bubble chasing sheeple.

@ oracle
name of builder so that I can get a quote?

HAM buying in US:

“Buyers from Greater China, including people from Hong Kong and Taiwan, spent $22 billion on U.S. homes in the year through March, up 72 percent from the same period in 2013 and more than any other nationality, the National Association of Realtors said yesterday in its annual report on foreign home purchases.”

http://www.bloomberg.com/news/2014-07-08/chinese-cash-bearing-buyers-drive-u-s-foreign-sales-jump.html

Let’s say Canada would get 10% of what US gets, e.g. $2.2 billion USD, roughly $2.4 billion CAD, and that will be 1,200 purchase of $2 million properties in Canada.