Fright-day Free-for-all!

Boo!

Ready for some scaaaary housing news?

It’s time for our regular end of the week Friday free-for-all. Its news round-up and open topic discussion time again!

Overvalued, but no worries
Math check on profit
We’re 94th!
Mr. Robertson…
Silicon Valley Bubble redux
Sweden goes negative on rates

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

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southseacompany
Member
southseacompany

“Is Metro Vancouver’s housing bubble going to burst?”, News 1130

http://www.news1130.com/2015/10/29/is-metro-vancouvers-housing-bubble-going-to-burst/

“The federal housing agency is changing its tune, now saying the Metro Vancouver housing market is moderately becoming overvalued.”

david
Guest
david

CMHC. Reporting on the monster it was critically important in helping create like some sort of bemused, detached, benign, professional observer.

What shmucks we are.

bullwhip29
Guest
bullwhip29

thud…is the sound of another shoe dropping on VRX (and indirectly the whole TSX index). this will be bigger black eye than Bre-X and is an easy target because its based in quebec. this and possible some 2nd derivative plays pretty much ensures the TSX will finish the year deep in the red (perhaps at a 52 wk low) while other indices close at all time highs

bullwhip29
Guest
bullwhip29

cdn gdp up 0.1% in august (after gains of 0.4% and 0.3% in june and july resp.)
http://www.vancouversun.com/canada+economy+grows+third+month+much/11480431/story.html

>>>the recovery touted by the former powers that be is shaped more like a hockey stick not a flying V 😉

southseacompany
Member
southseacompany

“UBS house ‘bubble index’ warns Vancouver among world’s frothiest”, Globe & Mail

http://www.theglobeandmail.com/report-on-business/top-business-stories/ubs-house-bubble-index-warns-vancouver-among-worlds-frothiest/article27029185/

“Vancouver’s “significantly overvalued” housing market is among the most bubbly in the world, a new report suggests. The UBS Global Real Estate Bubble Index, which launched this week, puts Vancouver at No. 4 behind London and Hong Kong, and just a shade behind Sydney.”

southseacompany
Member
southseacompany

And for Halloween!:

“Still need Halloween candy? Map shows how many kids you can expect”, Global News

http://globalnews.ca/news/2308948/still-need-halloween-candy-map-shows-how-many-kids-you-can-expect/

“The map shows the ratio of children in your area at “prime trick-or-treating age” – defined as ages 5 to 14, by Statistics Canada.”

“Von Bergmann has also mapped some “haunted houses” around the country. Mind you, they are technically “houses not occupied by usual residents,” according to the census – so they may not be haunted at all. But he brings up a good point, “If usual residents don’t live there, who does?”

bullwhip29
Guest
bullwhip29

@ #6
if you live in Rmd or other areas of gr van there are no door to door trick-or-treaters anymore. walking outside in the cold, rain with predators and criminals potentially lurking in the bushes is not suitable for the princesses and princelings of today (or so the parents say). the truth is that it is way too much work for mom and dad who would rather be enjoying lobster, abalone and numerous rounds of XO while their kids shuffle through whatever upscale shopping mall happens to be closest to them.

Shut It Down Already
Guest
Shut It Down Already

Bullwhip, you’re blaming China for a decline in trick-or-treating? Give your head a shake.

Best place on meth
Member
Active Member
Best place on meth

@7

A kid could spend 3 hours trick or treating in Shaughnessy and come come with 1 snickers bar and 3 red envelopes.

space889
Guest
space889

@southseacompany – I already posted that yesterday and it was downvoted into oblivion. Seems like bears on this blog don’t like the truth about Van RE.

bullwhip29
Guest
bullwhip29

@ #8
who said anything about china? just saying there are no “outdoor” trick or treaters in rmd and elsewhere in gr vanc
http://www.aberdeencentre.com/en/index.php
http://www.miss604.com/2015/10/indoor-trick-or-treating-in-metro-vancouver.html

@ #9
it has always been like this in shaughnessy. with many of these homes, you get even get past the front gate let alone get to the front door.

space889
Guest
space889

@southseacompany – Most newcomers don’t know what the heck Halloween is and what’s the deal with giving kids tooth rotting candy. Or that you should spend hours carving a pumpkin to put in front of your door. And then you have to deal with a crying kid cuz you don’t want them to eat all the candies they got.

Not every North American tradition is known elsewhere in the world.

Also, how the heck would you trick or treat a condo building??? Seriously? Richmond #3 Road is Condo central? How would you trick or treat that?

Most townhouse complex in Richmond also have 1 single main entrance so you have to go into the complex to see if there are trick or treat available. Also seems to be a lot of work.

space889
Guest
space889

So you people think China is the world’s worst shithole, and yet you think bringing in 400 million extra people into that shithole is somehow a good idea?

You blast about human rights violation of the one child policy but yet when the gov’t is loosening the policy, you blast them again for human rights violation? And also for allowing more people to be born and come and take away your home?? WTF?

Best place on meth
Member
Active Member
Best place on meth

“Not every North American tradition is known elsewhere in the world.”

Yeah, why should immigrants to Canada adopt any of our culture or customs?

That’s just stupid.

bullwhip29
Guest
bullwhip29

@ #12, 14
it would seem to me these folks are well aware that halloween is supposed to mean something
http://www.aberdeencentre.com/pics/activities/archive/Image/201310/1026/07.jpg

Interesting
Guest
Interesting
space889
Guest
space889

@bullwhip29 – But they might not know about the jack latern and door to door trick or treat thing.

As well, not everyone gets gun ho about everything….many people simply don’t really care as evidence the dying to door to door trick or treat even in low Chinese, high local white neighborhoods.

space889
Guest
space889

@Interesting – that has been around for how many years now??? at least 3 if not 5 years since they are first reported. I would love to see some actual returns made by these short Canada housing funds…

Most basically short big banks since we don’t really have any big public residential construction companies or supplier companies. So far, that trade hasn’t really worked very well as far as I know.

Shut It Down Already
Guest
Shut It Down Already

14, because understanding and tolerance of others (legal) beliefs is also a Canadian custom? Would you expect all migrants to adopt Christianity too? You know that Halloween is the night prior to All Saints Day (aka Hallowmas) for a reason, right?

patriotz
Member

@19:

Chinese in China itself don’t have much of a problem with the secular celebration of Christmas, which is rather more overtly Christian in origin than Halloween:

http://www.chinahighlights.com/festivals/christmas.htm

Perhaps the problem with Halloween is not its origin, which most Canadians of European origin hardly think of, but its celebration – giving things to people you don’t know.

Best place on meth
Member
Active Member
Best place on meth
Party on
Guest
Party on

Latest household credit numbers for Canada (to the end of September, 2015):

http://credit.bankofcanada.ca/householdcredit

Latest business credit numbers for Canada (to the end of September, 2015):

http://credit.bankofcanada.ca/businesscredit

ostritch
Member
ostritch

Here’s something scary: almost every house sold nowadays goes for over asking.

midnite toker
Member
midnite toker

Over it !

space889
Guest
space889
@patriotz – Or having kids receiving candies from people you don’t know and then forbiding the kid to eat the said candies. We all know how much most kids love candies and how much of a fit a young can throw when they can’t eat the candies given to them for the purpose of consumption. I don’t think we need to post Youtube vids of kids reaction to all their Halloween candies being eaten by an adult? So then for parents who don’t want their kids to eat candy, why go through the troubles of trick or treating? If you aren’t into trick and treating then how much incentive/motivation do you have to provide the candies? My dad gets all worked up about my kids wearing their favorite costumes to school, daycare, etc parties, having fun and all those activities.… Read more »
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