Mari-WHooWAAAAAna

Canada Global Corporate headquarters.. mon

Are you ferling FOMO, brother Bob? Prahna, Ganja and Dreadlock, Ayurvedic law*yers here to help

I disagree. It would have been political suicide 10 years ago. In 2018 it is the only way for them to be re-elected. If they do nothing significant on housing, they will be booted. Homeowners did not vote for them, and they will not in the future.

No URLs for me.

Fortunately myself and the other 4 remaining bears in Vancouver basically form the world’s smallest echo chamber anyway. My comment literally does not matter.

I think that if 2017 taught us anything, it’s that a herd of stupid animals will convince itself to run off a cliff faster than you can say “Brexit voters love Donald Trump’s new yacht Boaty McBoatface”.

Beware, home equity “millionaires” who believe that if the crowd is large enough it will speak only truth and be capable only of upwards momentum.

Recall that you are using precisely the same logic as the Bitcoin “Billionaires”.

BTC is a panicked herd of millennials buying fake gold based on a groupthink fantasy about new normals and fundamentals no longer being fundamental.

Vancouver RE is the same thing but with baby boomers.

I can’t see that happening long-term. Interest rates and maximum debt are hitting the breaking point now. The Chinese story is ending (look at their stagnating GDP numbers), and new capital controls mean the exodus of cash from China will be ending at least over the short term.

Even if your assertion is true housing affordability is becoming more and more important to the electorate. The NDP upset last election was almost entirely because of Liberal inaction on housing. When locals start getting hit with higher interest rates and poorer job prospects, they’ll be forced to either demand change or become homeless. It will be like the 1%er movement, except more angry and desperate.

Have a plan B man. Talked to an NDP party insider on payroll about how they are deserting their base who voted for housing and his response: A shrug and a who cares look.

Just saying. Have a plan B.

MILF?

………………..you mean “MOTHER -I -LIKE to FRAME” ?????

Two sales 8 years apart yielded a $6.1MM gain.

Appreciation = x2.82 per 8 years.

At 24 years after purchase it’s a $213MM property.

At 32 years it’s $600MM.

By 2054 it’s a cool $1.6 Billion.

I would like to be a billionaire in my lifetime; it is one of my goals.

If only I had been decisive and snapped it up in 2006 for $3MM.

I’m hoping Andrew Weaver holds the NDP’s collective feet to the fire. In my opinion the Greens have the most to gain if the housing market implodes in on itself. If I was him, I’d be exploiting that.

You are so correct. Weaver will be groomed to be “The Next Saviour” of the people concerned about the housing crisis.

The people simply don’t realize that they’re being played by the 3 parties.

All they have to do is send Immigration into the Winklevoss by Ramming the Head count

Winklevoss is when your idea is stolen and the thief makes it his own.

Is Canada’s funnel of cheap quality debt slaves going to be diiverted somewhere else? Or conversely, will Soros eastern Twin begin dumping mass amounts of refugees on our shores, stealing the ME War – European model and making it his own?

Ya this 400k is pure politics. And half the immigrants end up leaving eventually anyways when they find out how expensive Canada is to live in and that there are only shitty jobs for them here.

I agree, sadly doing nothing is the only path to re-election for the NDP. Do something and pop the bubble they get kicked out by angry homeowners, do nothing and the bubble continues to inflate they get kicked out by angry renters. Their only win-state is doing nothing, and the bubble collapsing under it’s own weight. They talked a good talk while the Liberals were asleep at the wheel, and they’ll get to have a big “told you so” moment if the house of cards collapses. If the housing crisis continues until the next election however, I can’t see them retaining power, I certainly won’t be voting for them.