@ #166
janet yellen only has two options. either do the prudent thing and take the punch bowl away OR continue sitting on fence, send mkt mixed signals. i think many bought the US recovery story hook line and sinker and assumed option 1 was a given. I am not so sure. in fact, i believe the recovery is largely a sham and the fed’s next move will be to turn printing press back on. for obvious optics reasons, doing so now would be insane. if, however, the financial markets were turned on their heads once more (due to china, europe etc), they would have a plausible excuse to implement more QE without having to admit they’ve been lying all this time (ie. since 2008-09)

@ #160
all the chatter and hot air from the chinese govt wont amt to anything now. all confidence and trust lost barring something seriously insane happening. ie. china govt prints enough cash to make everyone whole again and/or outright confiscates (a la corzine-mfg) savings accounts from “malicious” and anarchistic “non-buyers” of stocks. ultimately, i expect someone to uncover and make public the secret, backdoor selling of stocks by connected bankers, high ranking officials, friends and family etc.

guys like this never had a chance…
http://video.cnbc.com/gallery/?video=3000401233

@ #169
but, but wait…i was told Voda at the Creek would be the last waterfront development

Man becomes enraged after pet store staff tries to open car door to help his french bulldog.

https://www.facebook.com/jennifer.thi/videos/10206346874287313/

It is Tuesday now, why cannot we move to a new topic?

I know you can only use one realtor to buy a house if you sign the contract, but can I use 3 realtors to sell my house, e.g. only the winning one get commission ($300,000 ?)?

http://www.cbc.ca/news/canada/british-columbia/plan-to-scrap-vancouver-viaducts-sparks-traffic-concern-1.3169632

Another sellout move by our government. Whats there left to teardown for condos???

Garth Turner is fearmongering about the prospects of an NDP government in his latest blog post. Going through the comments of what I thought was a Conservative blog, I am shocked at how much support the NDP has on there. Lots of people, even some who claim to be long-time Conservative voters, are coming to the defense of the NDP. It really feels like something has changed in terms of the electoral dynamics at the federal level. Should be an interesting fall election.

Insightful comment that very much rings true with me from someone posting under the name Go-cascades under that G&M article I just posted: “A poster in this thread said that you can’t “opt out”. If you are working at all, you’re contributing to CPP (for example). That’s true. But there’s opting out… and then there’s “meh”. Heads up: “meh”, as it pertains to a consumption-based society and traditional taxable earning, is still pretty bad news. Rightly or wrongly, many young people are reaching the conclusion that the same amount of work/education will not carry them as far as it would have a generation ago. The costs of said education – and life in general – relative to attainable wages are much more challenging than they were when their parents were coming up. Quibbling over why this exists – whether it’s… Read more »

I can’t believe no one has posted this already. It absolutely rings true when I think about my situation and the situation of a lot of my friends. A lot of millenials have avoided debt and have avoided mortgage debt in particular not because we are loathe to borrow or we are housing bears, but simply because we don’t qualify for loans due to our precarious employment situation. From the Globe and Mail: “Insolvency filings by consumers have started to edge higher after a long decline that began after the last recession. As has already been widely noted, the share of insolvencies accounted for by seniors is growing faster than any age group. What has not had much attention is the fact that the young-adult share is falling. Could this be a rare bit of good news for a cohort… Read more »

Haha, BPOM just accused another poster of being rude! But his hypocrisy should really come as no surprise as he also calls those who challenge him on his repeated ignorant use of the word locust “race baiters”.

Officially denied!

CK PROPERTY (01113.HK) Executive Director Justin Chiu said due to Hong Kong’s economic stability, the local property market price is unlikely to see decline. Meanwhile, the finance cost is still lower than the inflation and the capital may keep on flowing into the property market. Property owners will not easily sell at low prices.

For the stock market volatility, he sees it is a temporary factor, and long-term investors will not be affected materially.

In China, 80% investors are individual citizens, e.g. retirees, and some of them borrowed heavily.

The government cannot allow any further drop fearing a revolution. You will see all stock trading halted if there is any 3% drop per day.

New Zealand realty bosses now vocally back a foreign buyers register! I wonder if Vancouver’s will ever have the courage to say the same? Fer crissakes, even China’s official envoy has chided our people for doing nothing to help ourselves. What are our supposed industry and government leaders waiting for? ” Two real estate bosses have now backed a foreign buyers’ register.Barfoot & Thompson chief Peter Thompson yesterday said the register made sense.”I think there does need to be some form of establishing where these buyers are actually coming from,” Thompson said.Century 21 national manager Geoff Barnett agreed.”I would not see it as a negative,” he said. “We need statistics to help manage the country. I don’t think it would change anything. I would not be out of favour of it. There would be mixed views throughout the industry, but… Read more »

Barbara Yaffe: Vancouver rent increase ‘tsunami’ expected

http://www.vancouversun.com/business/affordability/Barbara+Yaffe+Vancouver+rent+increase+tsunami/11246784/story.html