Saturday Free-for-all!

Hey why not? It’s Saturday so let’s kick off our weekend open topic discussion thread!

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

Fraser Valley sales drop 50%
Public input on Real Estate dirty money
CMHC forecasts 11% drop in buying power
Free mortgage deal in Langley
Regulators take aim at HELOC growth

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

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Oracle
Guest
Oracle

If we have a GreeNDP government in the future, expect higher taxes, no ridehailing, no major housing action.

The FPTP system hold the parties accountable to go through with their promises because they are so close in popularity.

Please don’t be brainwashed. Think! Vote for FPTP!!

Lost...but not leased
Guest
Lost...but not leased

From RELIABLE sources…

Based on a number of issues…..such as ALR Mansion issue…don’t be surprised if we have don’t have a vote of non confidence very soon….and an election.

…can you figure out who and why?

Dave
Member

Plecas likes ALR Mansions and will step down as speaker?

Lost...but not leased
Guest
Lost...but not leased

Dave….guess again

…..think tribal …..and blood is thicker than water OR party affiliation.

Dave
Member

No idea who would break away. How about rhymes with?

Ultra Bear
Guest
Ultra Bear

You got it all wrong. It’s PR that forces parties to be loyal to their base.

paulb
Member

New
197
Price Change
125
Sold
105
TI:13239

http://www.clivestevepaul.com

Best place on meth
Member
Best place on meth

First triple digit sales day in November, that’s how bad it is out there.

Screwed
Guest
Screwed

The inventory is slowly decreasing…

Best place on meth
Member
Best place on meth

I know, at this time of year it would normally be quickly decreasing.

Oracle
Guest
Oracle

Prices on sub $800K? Are they bad? LoL

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Yes, because those same properties used to be over $800K. See how this works?

Lost...but not leased
Guest
Lost...but not leased

Vancouver’s casino LOST over $100 million over past 9 months…..
WTF?

Also…they paid almost $3 million in lease to MUSQUEAM…????
again WTF…do they have a claim to all the Expo lands or simply another ass-kiss to First Nations………just like RiverRock land was given to MUSQUEAM….who collect rent as well.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Why are you so lazy? You could have found that information in less time than it took you to rant about not knowing:

https://thetyee.ca/News/2015/08/08/Musqueam-Get-Share-Casino-Quiet-Deal/

Lost...but not leased
Guest
Lost...but not leased

Actually SIDA…thanks for the link.
…….its worse than I thought…now back to your teepee.

MUSQUEAM say boo….Gov’t cuts them another cheque.!!!

……mafia never had it so good with their rackets..they actually had to work for their extortion $$$

Keep Canada for Canadians
Guest
Keep Canada for Canadians

And yet the natives still plead poverty and play the victim card.

Laibach
Member
Laibach

There has been some development lately on an abusive and exploitative practice known as ‘Birth Tourism’ (Petition No. 421-02721). Government response tabled on November 19, 2018 (Sessional Paper No. 8545-421-06).

Any details, are we getting closer in eliminating one of many sources of overall contagions?

patriotz
Member

No we’re not getting closer. To get closer you would have to reach an agreement with all 10 provinces and 3 territories to overhaul their birth registration systems to support the change in citizenship eligibility. They will demand that the Feds pay for it. This is the unacknowledged reason why the Cons abandoned their commitment back in 2012. Any promise to do this in the future, without acknowledging this reality, does not deserve to be taken seriously.

Oracle
Guest
Oracle

Why try to save Canada now? It’s done. Everyone on a temp visa having babies. Even 10 year tourist visa holders. What a banana republic.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

You have no stats on this, just your usual bullshit opinions and anti-immigration agenda.

Lost...but not leased
Guest
Lost...but not leased

…….sez SIDA to their mirror

Specuskeptic
Member
kabloona
Member
kabloona

Live by Twitter, die by Twitter…..

😉

Best place on meth
Member
Best place on meth

“Rich Coleman explains” was the best part.

https://pbs.twimg.com/media/Dsdb8sjVAAEoIAE.jpg:large

YVR
Guest
YVR

Same old NDP. There is a reason they are 5 time losers. Just another broken election promise and adding more fuel to the not making things more affordable.

B.C.’s ride-hailing plan unveiled on Monday is exactly what the taxi industry wants to hear.

It’s an overly bureaucratic and excessively regulated system in which the government — not the ride-hailing firms — will decide how many drivers will be allowed to accept passengers, where they can work and how much they can charge. There is no other jurisdiction in Canada that does it this way and Uber reacted with an understandably pessimistic response.

https://theprovince.com/news/bc-politics/mike-smyth-not-an-encouraging-start-to-ride-hailing-in-b-c

Oracle
Guest
Oracle

This is blowing up in the NDPs face. We could be heading towards an election soon. Won’t make the same mistake by voting for them.

Laibach
Member
Laibach

Who will you vote for? Wilkinson looks promising or perhaps Christy might reactivate. We did better with corruption, money laundering, political sponsorships, donations, etc…

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

If the Libs run on full Uber and dismantle ICBC they would win.

YVR
Guest
YVR

It is not like the NDP have done any good. At least with the Libs we could get ride sharing and lower taxes.

Best place on meth
Member
Best place on meth

Where is UBER on the list of priorities for BC voters?

#82?

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

Actually its very high with anyone in tourism or hospitality and the millenials (who every party is desperate to get and are a bigger voting block than the boomers)

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

Until you flip flop and do.

Royce McC
Guest
Royce McC
“Same old NDP”. No matter how many times some people say it, it doesn’t change the fact that the other option is the “same old BC Liberals”. And I think anyone hoping that the memory of NDP failings from LAST CENTURY are going to be enough to wipe out the memories of the subsequent 16 years of BC Liberal rule – which ended only 18 months ago – I think you’re setting yourself up for disappointment. That Twitter post from Wilkinson and its responses (posted above by Specuskeptic) tells the story. The BC Liberal brand is pretty much bankrupt – and may not survive a move to a proportional representation system (where they will more easily be supplanted by Conservatives, etc.). Throw all the “whataboutism” you want at the NDP, it does NOTHING to fix the significant problems the BC… Read more »
YVR
Guest
YVR

“same old BC Liberals”

Who won the most seats and the popular vote in the last election?

Best place on meth
Member
Best place on meth

GreeNDP did!

Royce McC
Guest
Royce McC

Bingo.

But somehow the perfectly allowable government that they formed in our current system is not legitimate. But a move to another type of government would also not be legitimate.

Hyper-mega-Bull
Member
Hyper-mega-Bull

and liberals made you slaves to rich chinese.

you’re literally working to support their kids and wives and grandparents.

they pay no income tax. your tax dollars pay for their subsidized education including university, you pay their medical, subsidized daycare, dental and vision care for low income families, tax rebates, etc.

but let’s bring them back because of fast ferries.

Best place on meth
Member
Best place on meth

Ahh…if only I gave a flying fuck about Uber.

Hey, how about all them people living in vans all over town, eh?

YVR
Guest
YVR

One day your mom will remove the lock and let out out of the basement. Then you will care.

BTW are there more people living in vans now or 1.5 years ago? You get the worst of both with the NDP.

Bubble
Guest
Bubble

A sad seller, who should have chosen a competent realtor.

3888 W 22ND AVENUE, relisted for $3.38 million, assessed: $4.11 million.

Date Comments
2018-Nov-19 Listed $3,388,000
2018-Sep-18 Listed for sale
2018-Sep-01 Expired $3,980,000
2018-May-15 Terminated $4,590,000
2018-May-14 Listed for sale
2018-Feb-13 Listed for sale
2018-Feb-11 Expired $4,777,000
2017-Nov-09 Listed for sale
2017-Nov-06 Terminated $4,888,000
2017-Sep-19 Listed for sale
2017-Sep-04 Expired $4,988,000
2017-Jun-03 Listed for sale
2017-Apr-17 Expired $4,888,000
2017-Jan-16 Listed for sale

Simple Solution
Member
Simple Solution

Price needs more 8s….

Best place on meth
Member
Best place on meth

A competent realtor would have inserted more 8’s.

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

That place should be $750k. I know it never will be but if it isn’t I am very happy to continue my life as a renter.

southseacompany
Member
southseacompany

“Vancouver’s hot housing market shows signs of cooling”, Business In Vancouver

https://biv.com/article/2018/11/vancouvers-hot-housing-market-shows-signs-cooling

“Metro Vancouver’s turbocharged residential real estate market is showing signs of slowing, with sales plunging, prices edging down and a large swath of properties hitting the market.”

Doomcouver
Guest
Doomcouver

They spelled “crashing” wrong.

CRA221
Guest
CRA221

The Sergeant at arms and clerk of the BC legislature were suspended today pending investigations. Apparently two special prosecutors were appointed which is unprecedented.

I think it’s espionage. Any thoughts?

Laibach
Member
Laibach

…Craig James, the Clerk of the Legislature, and Gary Lenz, Sergeant-at-Arms, espionage?
Naah…

Doomcouver
Guest
Doomcouver

I guessed espionage charges as well. The Chinese government is well known for trying to gain political influence in foreign countries by unscrupulous means if necessary. Bribing a few government officials seems well within their playbook. It could be the Russians as well. Hope more information surfaces soon.

bullwhip29
Guest
bullwhip29

Chinatown garden closed, traps set for koi-hungry otter
https://bc.ctvnews.ca/chinatown-garden-closed-traps-set-for-koi-hungry-otter-1.4185080

“A river otter that’s spent days gorging on prized koi at a traditional Chinese garden in Vancouver could soon be on a one-way trip to Stanley Park…”

bullwhip29
Guest
bullwhip29
Laibach
Member
Laibach

“Those who want to drive for ride-hailing companies in the future will need a Class 4 commercial licence and a criminal-record check.”

Lol, ” a criminal-record check”. Just a quick look at a majority of local cab-drivers tells that such check hasn’t been required or was fabricated if got provided. Some obvious facts are just undeniable.

bullwhip29
Guest
bullwhip29

Depraved Chinese women are bringing the country down, says education billionaire
https://www.scmp.com/news/china/society/article/2173913/depraved-chinese-women-are-bringing-country-down-says-education

Keep Canada for Canadians
Guest
Keep Canada for Canadians

If a Chinese dude in China doesn’t have a house no woman will look at him. Nuff said…

Laibach
Member
Laibach

Never mind, they already have a quite of excess of men so those dudes without houses will look to those who have.

bullwhip29
Guest
bullwhip29

Canada Goose turns dressing rooms into freezers so customers can test out its $1,000 coats (and take selfies)
https://business.financialpost.com/news/retail-marketing/canada-goose-is-turning-the-dressing-room-into-a-freezer

“It was certainly a selling point for Rachel Zhang and her boyfriend Guo, who snapped pictures of themselves in Montreal’s cold room, which was a frosty -15 Celsius. They both bought jackets, her second and his fourth by the brand. It’s fun, said Zhang, a Montreal resident. It also reassured me.”

Laibach
Member
Laibach

Sure, good stuff. Testing trophy jackets are significantly less risky and safer than to have them out on the road to test trophy cars.

Keep Canada for Canadians
Guest
Keep Canada for Canadians

The Chinese are what’s driving Goose sales. No one else is as infatuated with those jackets as the Chinese are.

Laibach
Member
Laibach

The funny part is that their mass-consumption will inevitably drive the brand down to the shitter. Wearing Goose jacket is already considered of poor taste and passe when it comes to fashion and style.

southseacompany
Member
southseacompany

“Decoding The Great Real Estate Bubble – Loan Limits”, Forbes

https://www.forbes.com/sites/johnwake/2018/11/20/decoding-the-great-real-estate-bubble-loan-limits/#4ebdd0e6763e

“More money chasing homes means higher home prices. Unlike most other products, the amount of money chasing homes often isn’t determined by how much money buyers want to spend of the money have in the bank but by how much money buyers can borrow from banks and companies like Fannie and Freddie.”

Lost...but not leased
Guest
Lost...but not leased

Re: Royce McC earlier post and NDP vs. Liberals.

The Liberals are NOT in power…the NDP and Greens are allegedly trying to convince the rest of us ( after having conned ex Lt Gov. Guichon ) they deserve to govern.

In actual fact…..this is no different than past NDP Gov’ts who have used their terms to cater to special interest groups and pet agendas, knowing they tend to be one term gov’ts till the center- right parties reloads.

So far the NDP are catering to taxi industry……Health Care Unions…..ALR mansions…..usual special interest groups.

Horgan’s NDP is lining up to be THE worst NDP gov’t BC has experienced….and that is one tough hurdle to beat.

Laibach
Member
Laibach

How do you determine what is a lesser shit? Horgan’s NDP or Christy’s Liberals? I don’t like them either but is really hard to beat Lib’s shit that ruled for almost two decades.

Royce McC
Guest
Royce McC

Exactly.

Lost...but not leased
Guest
Lost...but not leased

It’s called pattern recognition and having lived through BC NDP gov’ts.

NDP is supposed to WOW us…still waiting…..same olde NDP shite.

Royce McC
Guest
Royce McC

Even if I took your assessment as 100% correct, it doesn’t change the key point of my earlier post: the BC Liberal brand is bankrupt.

18 months of a (minority) government does not erase the preceding 16 years. No amount of attempted NDP take-downs today can wash away that epic stank. It will take far longer. (Making a cleaner break with the past and getting some new faces would probably hasten the process, but they seem disinclined to go that route.) The failure to acknowledge this is a problem. People can “whatabout” the NDP all they want – I don’t see it moving the needle on the BC Liberals in the near-term.

YVR
Guest
YVR

“the BC Liberal brand is bankrupt.”

That bankrupt party still managed more seats and more votes than the NDP. That was before the NDP flunked out on all their election promises over the past 18 months.

Best place on meth
Member
Best place on meth

Do I have to post the article yet again showing they’ve kept 75% of their promises?

You must be the oldest man on earth with the worst memory in the galaxy.

Or just a run of the mill hyper partisan.

YVR
Guest
YVR

The article. LOL. Can you post the article about the Russians stealing the US election as well? Or the one about Hilary Clinton having a 99.2% chance of winning the election? Opinion news is so entertaining.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

They get to claim a promise is “partially kept” if they launch a study.

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

These NDP supporters forget that the NDP did not win the election.

I’ll be the first to admit the Libs needed a time out but it took 10 years before they got fat and corrupt the NDP did it on day 1.

Enjoy your day in the sun DP’ers but your time is running out.

Royce McC
Guest
Royce McC
So you think the BC Liberals are un-corrupted then? They’ve cleaned house? Disavowed their past? Opinions on the NDP from you and YVR are painfully well-established. Everything they do is just the worst. Fine. I have yet to see guys like you argue positively about the BC Liberals. Yes, parties can win elections by simply being “not the current guys”. That’s how we have the NDP/ Green coalition. But that takes a long time to build up – and those kinds of efforts are going to be seriously hampered if the challenging party still has its own baggage in very recent memory. You say the BC Liberals deserved a time out? Okay. If you’re saying they’ve had enough time out, don’t you think it’s on you to make a convincing argument that that’s the case? Don’t keep telling people how… Read more »
patriotz
Member

“These NDP supporters forget that the NDP did not win the election”

Parties do not win BC elections. Elected MLA’s do. The NDP is the government because it has the support of the majority of MLA’s.

You are free to declare any party the “winner” of the election, but that’s nothing more than your opinion.

Royce McC
Guest
Royce McC
Uh-huh. That’s all you’ve got: rage at the NDP and the system that allowed them + the Greens to form a government. Some BC Liberal supporters fixate so hard on the importance of their party being screwed out of their right to govern because they got 40.4% of the popular vote compared to the NDP’s 40.3%. On the other hand, they come out against any measure that would reform a system that resulted in a party that got 17% of votes receiving 3% of seats. Simultaneously being opposed to the current system AND reform of that system must be exhausting. How about try something else instead: try selling me on the BC Liberals without mentioning other parties. Tell me what they’ll bring to the table and how they’ve changed their ways or brought in new blood. Try convincing me they’re… Read more »
Canada is for Canadians
Guest
Canada is for Canadians

Dollarama again recalls a toy containing high levels of restricted chemical

https://globalnews.ca/news/4683547/dollarama-again-recalls-a-toy-containing-high-levels-of-restricted-chemical/

The article doesn’t state it, but we all know where they source their inventory from. Why do we keep pussy-footing around with China? At least they stopped buying all our houses.

paulb
Member

New
165
Price Change
95
Sold
108
TI:13203

http://www.clivestevepaul.com

Oracle
Guest
Oracle

2 triple sales day in a row? This late??

YVR
Guest
YVR

Aren’t triple digit sales days bearish? At least they were yesterday.

Canada is for Canadians
Guest
Canada is for Canadians

https://www.citynews1130.com/2018/11/20/ban-new-gas-diesel-car-2040/

another pie-in-the-sky proposal by the provincial NDP. Why do they bother?

Oracle
Guest
Oracle

They’re counting on naive minions to keep cheering. Note that it’s the day after they delayed ridesharing and Weaver had an ear to ear smile. WTF? Shouldn’t he be enraged!!?

Oracle
Guest
Oracle

How many elections will we have in 20 years? And technology will dictate the transitions and may happen much sooner with a breakthrough….or may never happen. These guys are buffoons.

YVR
Guest
YVR

The fact they spend their time on this tells you everything you need to know. They make Trudeau look smart.

YVR
Guest
YVR

“Why do they bother?”

This is what you get when you vote for left wing nut jobs. The better question is why do people vote for them? Complete fools.

Laibach
Member
Laibach

No, this is what you get when you vote for lesser crap to prevent the much bigger cluster-crap to stay in charge.

YVR
Guest
YVR

Seems to be more crap with higher rents, RE prices, ICBC rates, hydro rates and carbon taxes. The future ban on cars is a bonus load of crap.

Dave
Member

2039 will be a huge year for car sales.

These same idiots barely approved site C.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

At the current pace of technology nobody will be manufacturing gas or diesel cars in 2040 anyway, so this is just ridiculous posturing.

Name
Guest
Name

>Why do they bother?

because it keeps the greens satisfied and is a meaningless promise. so they keep their coalition at no cost.

Doomcouver
Guest
Doomcouver

Bank of Canada planning thorough review of inflation targeting as post-crisis world exposes flaws in system
https://business.financialpost.com/news/economy/bank-of-canada-plans-thorough-review-of-inflation-targeting

You mean basing your entire country’s monetary policy on a single flawed metric is a bad thing? Say it aint so!

SilentBob
Guest
SilentBob

Expect some hilarious scrambling and hand-waving from the BoC as they try to justify not raising rates as real estate crashes going into an election year. Should be most entertaining.

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

Hey China is not the worst at something!

Indonesia, an archipelago of 260 million people, is the world’s second-largest plastic polluter after China, according to a study published in the journal Science in January. It produces 3.2 million tons of mismanaged plastic waste a year, of which 1.29 million tons ends up in the ocean, the study said.

Rodchinkarat
Guest
Rodchinkarat

>second-largest plastic polluter after China

that means that china is worst plastic polluter.

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

I should never have given them the benefit of the doubt 😉

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

What the Canada Post employees are seeking

Major issues in nearly a full year of bargaining have included what CUPW calls an “injury crisis,” along with gender inequality, overburdening and precarious work.

Sounds like NDP union flunkies 100%. Precarious work? For postal employees?

20 paid sick days, generous vacation time, amazing defined benefit pension.

Fire every one of the lazy f@ckers and move on. Just like Regan did to the air traffic controllers in the 80’s. I’m sure they could all be replaced in a few weeks.

Alas, we don’t have a Ronald Regan at the helm, we have a child named Justin.

God help Canada

Laibach
Member
Laibach

Agreed, the same goes for all those BC Crown Agencies and Corporations.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

When it’s privatized you’ll be moaning instead about how expensive it is and how the poor the services is in remote areas.

Laibach
Member
Laibach

Maybe, but all that paid time off for whatever reason combined with overall dismal work performance is just beyond any rationale.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

I’m sure some hard-working immigrants would be happy to take their place.

YVR
Guest
YVR

I’m sure they would. The problem is you lefties can’t figure out which side to take.

YVR
Guest
YVR

“When it’s privatized you’ll be moaning instead about how expensive it is and how the poor the services is in remote areas.”

Yes like we did with phone company when government run? Remember when BC Tel the government run monopoly had control? You paid $2 per minute to call overseas on a crackly line. Now it is privatized it is like 3 cents a minute for a crystal clear line. The good old days.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Nothing at all to do with decades of technology advances then? Right, got it.

patriotz
Member

“Remember when BC Tel the government run monopoly had control?”

Could you please do some elementary fact checking before posting nonsense like this? BC Tel was never government owned. It was a publicly traded company (I used to be a shareholder myself) and its majority shareholder was GTE from the US.

Just wondering – was that another deliberate lie, or are you really that ignorant?

DaMann
Member
DaMann
I agree. Fire all of them and go private. These morons were all almost out of a job a few years ago when they decided to do away with door to door delivery. The decision was changed and they got a reprieve. so what do they do? They strike. For the most part this is completely all uneducated, low demand work, yet they have benefits that far out strip everyone else. I know someone who got on Canada post and after 2 months on the job was already taking “mental health” days. Japan and Netherlands apparently have a completely private system. Regardless. Canada post is on borrowed time. I bet in a decade it will be history. The worst thing is that it’s the union leaders who are out of touch and giving bad advice. I think most of these… Read more »
YVR
Guest
YVR

“Fire all of them and go private.”

That is what will happen in the end. It is the main reason unions are going obsolete. They do more damage to their membership than they help. The union leaders will retire rich while the unskilled postal workers will be unemployed. It won’t be long before Amazon or others offers delivery for anyone who wants it. Letter mail is going away. Bills and cheques will all be electronic. Canada post is toast.

southseacompany
Member
southseacompany

“Major players not optimistic about Metro Vancouver’s housing market prospects”, Vancouver Courier

https://www.vancourier.com/real-estate/major-players-not-optimistic-about-metro-vancouver-s-housing-market-prospects-1.23503918

“Metro Vancouver’s turbocharged residential real estate market is showing signs of slowing, with sales plunging, prices edging down and a large swath of properties hitting the market.”

“The Real Estate Board of Greater Vancouver’s (REBGV) statistics for October show that prices for Metro Vancouver homes have started to decline in the wake of sluggish sales and a generous supply of residences listed for sale.”

Oracle
Guest
Oracle

In about 3 weeks, we will find out whether this failed experiment of Greens and NDP continues.

The odds are pointing to a defeat of any change.

Any predictions on when an election will be called?

southseacompany
Member
southseacompany

“Trump Calls Fed a ‘Problem,’ Says He Wants Lower Interest Rates”, Bloomberg

https://www.bloomberg.com/news/articles/2018-11-20/trump-calls-fed-a-problem-says-he-wants-lower-interest-rates

“President Donald Trump renewed his criticism of the Federal Reserve on Tuesday, describing the U.S. central bank as a “problem” as he called for lower interest rates.”

“The fresh presidential assault on the nation’s monetary authority comes as stocks tumble on concerns ranging from slower global growth to a widening trade war between the U.S. and China. A homebuilder survey this week indicated the housing market is slowing further amid the highest mortgage rates in eight years, a possible warning sign for the broader economy.”

Simple Solution
Member
Simple Solution

hold on a second…. you mean the so called booming economy cannot take a rise in interest rates off the current historic lows?

This is gonna be ugly when it blows up….

bullwhip29
Guest
bullwhip29

the banksters are playing him like a fiddle. by calling off the rate hikes, Trump will effectively be saying that all is not well and that the booming economy he so gladly took all the credit for was really a steaming pile of feces all along. the result will be a market crash that will be several orders of magnitude larger than 2008 and 2000. of course, the boys and girls operating all the levers will be positioned accordingly (to make epic windfall profits on the collapse) and will have the perfect cover story, that being Trump himself, to fall back on should anyone be pointing the finger and seeking a scapegoat after the fact.

Keep Canada for Canadians
Guest
Keep Canada for Canadians

They won’t call off the rates hikes but they may increase the intervals between the increases.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Let me guess. You’re all-in on gold?

YVR
Guest
YVR

We live in a boom and bust economy. Look no further than the central banks around the world who create such booms and busts. Interest rates always get lowered to far, too fast and always get raised too high, too quickly. If the central banks had any clue we would not have had the 2000 tech bust, the 2007 financial crisis and the world wide housing and credit bubble we have now. That is all in the last 20 years. Could a chimp with a dart board have done worse adjusting interest rates?

Shut It Down Already (original)
Guest
Shut It Down Already (original)

The central banks were to blame for people buying ridiculously priced shares in companies that had no business model purely for having a web presence? Sure.

YVR
Guest
YVR

Lets change that:

The central banks were to blame for people buying ridiculously priced houses that had no business model purely for having a Vancouver address? Sure.

Buying ridiculously priced shares is not much different from buying ridiculously priced real estate. Low interest rates fuel equities just like they fuel houses.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Ok, should I consider that a reversal of your original claim about the tech bubble then?

And you do realize that most people don’t buy stocks with the sort of leverage they’d buy real estate with? Please tell me you’ve learned something in all the time you’ve been here?

Best place on meth
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Best place on meth

Central banks serve no useful purpose. They should all be burned to the ground with the bankers in them.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Cute, you’ve seen some bozo on Twitter attacking the Fed and now you’re parroting it as if you have no mind of your own.

Best place on meth
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Best place on meth

Mods, can we have this fucker torched?

bullwhip29
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bullwhip29

A predicted reduction in B.C.’s economic growth next year is being blamed squarely on the slowdown in housing market, according to a Central 1 Credit Union
https://www.richmond-news.com/real-estate-slowdown-dragging-on-b-c-economy-report-1.23503170

>>> these folks must be living in fantasyland if they think the carnage in both the real estate and tech sectors will only result in a modest 50bp drop in BC’s GDP. imho the slowdown in the housing market coupled with tanking stock prices has already had a meaningful impact on the economy as the reverse wealth effect begins to bite. the next surprise will be shockingly poor retail sales due in part to Cda Post strike and the reasons already mentioned