Friday Free-for-all! February 14th 2020

It’s Friday and that means it’s time for a new thread!

Supply is dropping, does that mean prices will stop the drop and start to rise again?

post your news links, thoughts and anecdotes in the comments below and have a fabulous weekend!

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bullwhip29
Guest
bullwhip29
Ad hoc
Guest
Ad hoc

$19 million for an old shed ?

bullwhip29
Guest
bullwhip29

On Tuesday, the Canada Catering Association, a non-profit organization dedicated to supporting Chinese restaurant owners, announced a strategic plan which includes urging all three levels of government to support Chinese eateries by offering six-month tax exceptions on their municipal property tax, Provincial Sales Tax (PST) and federal Goods and Services Taxes (GST).
https://www.richmond-news.com/news/tax-exemptions-needed-to-save-chinese-restaurant-industry-during-outbreak-tse-1.24080469

Dave
Member

The massage shops are really hurting too, but nobody speaks or advocates for these service providers. Get out there and support your local business! A little negotiation and you’ll get a free upgrade.

Best place on meth
Member
Best place on meth

That’s great, space will be able to afford to go more than twice a year to his favorite massage place with the rates being discounted.

Ad hoc
Guest
Ad hoc

LOL good thinking there … everybody like a happy ending.

Dave
Member

And you thought I only pumped real estate.

Ad hoc
Guest
Ad hoc

Stop it you’re killing me …

Dave
Member

I won’t stop because I stand firmly behind these jobs.

Dave
Member

That’s what Xi said.

bestplaceonearth
Guest
bestplaceonearth

Buy one get one free = the scammer and the green ad hoc can share!

bestplaceonearth
Guest
bestplaceonearth

There is a scammer on the loose! This scammer will invite you to his group full of master of communication. The scammer’s agenda is to bash real estate/its professionals, and trying to sell you into a crash of 75%. The scammer is claimed to be a private lenders (aka loan shark) or real estate insider. Watch out!

Werner Stein
Guest
Werner Stein

Leader of the pumpers :
“The only economy outside the cities are resource jobs… what idiot would put his money in that? ”
Interestingly no connection is made between the macros and asset prices.
Perhaps intentionally, or perhaps the pumper is merely a wordsmith, and does not have a clue.
Also remember, most of the resources we have been selling to the US are no longer required.
And, as for what we have been selling to China, has already diminished significantly.
China has been gradually been buying up resource assets in Africa and in other resource rich areas as well;
places where human rights and environment can be dealt with cheaply.
My suggestion is that you give up the RE license, and start training for short order cook, service and tourist related jobs.

Ad hoc
Guest
Ad hoc

Metro Vancouver’s housing market less vulnerable than Victoria’s: CMHC

https://www.burnabynow.com/metro-vancouver-s-housing-market-less-vulnerable-than-victoria-s-cmhc-1.24080382

Greater Victoria is only metro region in Canada to be assessed at a “high degree of vulnerability” by federal housing agency.
Vancouver’s housing market was given a “moderate degree of vulnerability” rating in the quarterly Housing Market Assessment (HMA) released February 20 by Canada Mortgage and Housing Corp. (CMHC).

bestplaceonearth
Guest
bestplaceonearth

“The time to the crash is actually condensed.”

You can only afford 25% of the current market – so your agenda is to convince others for 75% off. Not!

You think if you spew your crash agenda, the market would crash. bhahaha! Even the NoDealParty just became powerless to the market.

Dave
Member

It’s not well known, but people that can’t afford a house can always pool their money with other buyers.

Slava
Member
Slava

But you can’t afford a house, so there’s that.

bestplaceonearth
Guest
bestplaceonearth

“Unfortunately, people like you abound.”

Like scammer? I almost got scammed, remember?

People like me get the scammer busted!

Werner Stein
Guest
Werner Stein

“Canada Is Making It Easier For People To Take Out Larger Mortgages”, Better Dwelling”

Shrewd political move, bad economics.

However, there is a silver lining. The time to the crash is actually condensed.
As I said before, I wish the politicians did not get involved; by now the it would have flamed out on its own.

Werner Stein
Guest
Werner Stein

Bhahaha! Says:
“The world would be a better place if there is no racists nor pessimistics. But, it’s just a wishful thinking!”
Could not agree with you more. Unfortunately, people like you abound.

bestplaceonearth
Guest
bestplaceonearth

Kudos to the Edmonton people who dismantled the barricade yesterday! I hope the Vancouverites rise up and do the same. People need to get back to work!

Dave
Member
It doesn’t matter because Canada is already seen as a terrible place to invest in resource projects. We more or less have a state of anarchy because the laws around First Nations aren’t defined or known. The consequence is obvious for a business person… you can’t negotiate from a position of an unknown. And then you have no political will for a politician to be strong. It’s easier to just ignore the issue and give in. The reality is that First Nations have the most to lose. Nobody is going to build a condo tower or open up a Microsoft office in Vanderhoof. The only economy outside the cities are resource jobs… what idiot would put his money in that? You can’t rely on the Dork Courts, the SJW judges or politicians to provide any certainty.
Ad hoc
Guest
Ad hoc

and I’ll wager the new Teck oil sands mine project in Alberta will never happen.

Dave
Member

It looks like that. Oil is cheap because there is lots of it and we are more effective at extracting it. Elon Musk and clean energy isn’t far off now. Oil might have one more bull run left in it. I don’t think it does (meaning $100+ for a number of years), but if that comes to pass, I think that’s the last time. That said, cheap things get put to use and people in Africa aren’t going to care about carbon emissions and will happily burn that cheap oil. So it’s not going to be easy to make the switch to clean energy unless clean energy gets real cheap.

Best place on meth
Member
Best place on meth

Oil will always be in demand. You’re never going to run 787’s and cargo ships on renewables.

Dave
Member

And by cheap, I mean cheaper than a spec house in Surrey.

KickThemOut
Member
KickThemOut

First Nations are fighting for their basic human rights and ancestral lands, and yet we have so called supporters of freedom, democracy, and human rights like BPOM wanting to use violence against them. Fucking sick! The only people who should be hosed down with a water cannon and then pepper sprayed are useless vermins like BPOM.

Best place on meth
Member
Best place on meth

The paid instigators have no connection to the First Nations, they’re a bunch of angry, unemployable white kids who want to fuck with people because they hate everything, that’s all they are.

Time to make them feel some real pain with rubber bullets and batons.

Zombie
Guest
Zombie

The democratically elected chief
And band council support the pipeline. Unelected hereditary chiefs don’t. Why would anyone support an illegitimate hereditary chief that either lost the band election or did not run.

If you believe in democracy you should be against the blockades.

Ad hoc
Guest
Ad hoc

It looks like most of the protesters are protesting for the fun of it. They don’t care about the pipeline or anything else other than to make trouble.

Clover
Guest
Clover

We all have the same human rights. Some people are not more equal than others. This isn’t Animal Farm.

southseacompany
Member
southseacompany

“Canada Is Making It Easier For People To Take Out Larger Mortgages”, Better Dwelling

https://betterdwelling.com/canada-is-making-it-easier-for-people-to-take-out-larger-mortgages/

“Canadian real estate sales are soaring, and prices are accelerating quickly. Obviously, it’s the perfect time for the government to loosen credit conditions. “

Bestplaceonearth
Guest
Bestplaceonearth

The world would be a better place if there is no racists nor pessimistics. But, it’s just a wishful thinking!

Ad hoc
Guest
Ad hoc

“pessimistics”
that is not a word.

Bestplaceonearth
Guest
Bestplaceonearth

Made it up. Learn to use it. “Hellarious ” became popular, you like that word too. Remove tunnel from your vision, better viewing angle for you.

Ad hoc
Guest
Ad hoc

You made it up did you? that is “Hellarious”.
I just don’t think you can spell or are really very intelligent, that’s all.

bestplaceonearth
Guest
bestplaceonearth

If you are so smart, why are you stuck in mama’s basement? Bhahaha! That’s all!

Slava
Member
Slava

It is apparent that you are in Mama’s Basement. It’s ok. No one is judging you,

Best place on meth
Member
Best place on meth

Can we have the trolls killed please?

Best place on meth
Member
Best place on meth

Well, at least it’s good to see the trolls recognize that they’re trolls and come running like the trolls that they are.

Now fuck off and die, trolls.

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

Sick. Yet not at all surprising behaviour from an uneducated fuckwit.

Slava
Member
Slava

That would be you.

Bestplaceonearth
Guest
Bestplaceonearth

Each life is precious, reach out to the community. There is always help.

Bestplaceonearth
Guest
Bestplaceonearth

Try harder, scammer!

Werner Stein
Guest
Werner Stein

During the expansion phase of the business cycle excesses build up.

The recession ,or contraction phase would then bring equilibrium back.

The severity and length of the recession depends on how misaligned and detached from the fundamentals markets strayed.

This business cycle has been artificially extended for far too long and the misallocation of credit and capital have accumulated to the extent that price correction that will bring some resemblance of equilibrium is probably unimaginable for the bulls on this board.

Enjoy the bliss ignorance affords you for now.

Projection
Guest
Projection

You are so clueless 🙂

Bestplaceonearth
Guest
Bestplaceonearth

Dave is right on again, triple digit sales. Still not enough listings, and too many buyers.

No Shill
Guest
No Shill

For what? Condos? Who cares?

Dave
Member

Everything.

Bestplaceonearth
Guest
Bestplaceonearth

The scammer is still out arguing against the market force. These pessimistic people lose out in their lives, and they want people to fail like they are.
Have you taught ad hoc any of your scamming method yet? Bhahaha!

paulb
Member

New
234
Price Change
49
Sold
142

TI:9806

http://www.clivestevepaul.com

Dave
Member

Like I said.

No Shill
Guest
No Shill

What about it, Dave?

Dave
Member

A week of triples and continued low inventory.

Werner Stein
Guest
Werner Stein

This from the leader of the pumpers:
.
“Resources, consumer and manufactured goods are in a secular deflationary trend.”

.You should try to keep track of your deceits.

In another post you pointed out that inflation was going to eat away at the outsized mortgages.
You and the other two or three Qausimotos will have to make up your minds:

Which is it inflation and what it means for interest rates, or no inflation and what it will eventually do to overpriced assets?

But more importantly wages, disposable income, and the resulting drag on the economy.

Ad hoc
Guest
Ad hoc

The federal government could fall in a non-confidence motion.

https://www.citynews1130.com/2020/02/19/tories-give-notice-of-non-confidence-motion-over-federal-response-to-ongoing-protest/

Tories give notice of non-confidence motion over federal response to ongoing protest.

Best place on meth
Member
Best place on meth

The best way to deal with the protesters is to take the gloves off the police.

Tear gas, rubber bullets and water cannons to start.

Ad hoc
Guest
Ad hoc

Talking and endless discussions only emboldens these thugs. If the government can’t get a handle on this real soon, we’ll see the general public start taking matters into their own hands. There’s already been several instances of the public confronting the protesters and dismantling barricades or driving through them.

Best place on meth
Member
Best place on meth

I’m going to pepper spray some of these assholes if they try to prevent me from going where I need to go.

Ad hoc
Guest
Ad hoc
bullwhip29
Guest
bullwhip29

another winner lost in a video game….

https://www.youtube.com/watch?v=Pp7CcoYuL9Q

bullwhip29
Guest
bullwhip29

from the perspective of another more skilled player…
https://youtu.be/nncvH-rmIAI

Ad hoc
Guest
Ad hoc

OTTAWA – The annual pace of inflation jumped last month to 2.4 per cent, its fastest rate in almost two years, fuelled by higher costs at the gas pump, pricey tomatoes and a rare surge in clothing costs.

This is at the high point of what the BoC wants inflation at. If inflation increases more than 2.5% interest rate reductions won’t happen.
So what will give in first, interest rates increase or inflation decreases?

Best place on meth
Member
Best place on meth

If chinese factories don’t recover soon from the virus, then guess what?

Dave
Member

100% inflation falls before rates go up. I guarantee it.

Resources, consumer and manufactured goods are in a secular deflationary trend. Information technology makes it very cheap to add marginal products to the global marketplace. As time goes on, more and more companies and products are moving into that space, hence the secular trend. I think central banks are misreading what inflation means in today’s world. I don’t think it follows that economic stimulus and cheap money is needed when inflation is low.

Projection
Guest
Projection

Mortgage rates are close to historic lows anyway.

southseacompany
Member
southseacompany

“Why mortgage stress test changes should not be made in political backrooms” Financial Post

https://business.financialpost.com/news/economy/why-mortgage-stress-test-changes-should-not-be-made-in-political-backrooms

“New rule will allow riskier borrowers to qualify for bigger loans, and puts upward pressure on prices. How is that good for Canada?”

Projection
Guest
Projection

“New rule will allow riskier borrowers to qualify for bigger loans, and puts upward pressure on prices. How is that good for Canada?”

Now what? Is there going to be an upward pressure on prices or is it going to crash? It can’t be both ways.

Oracle
Guest
Oracle

FOMO 2.0.

Mass immigration will make sure if it.

southseacompany
Member
southseacompany

“New mortgage stress test to ‘add further fuel’ to housing, say experts”, BNN

https://www.bnnbloomberg.ca/new-mortgage-stress-test-to-add-further-fuel-to-housing-say-experts-1.1392485