Friday Free-for-all!

If there’s one thing you can count on in a pandemic it’s a healthy real estate market!

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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Best place on meth
Best place on meth
4 months ago

537 W KING EDWARD AVENUE brand new townhouse quickly liquidated today after 4 days on the market for exactly 1 million.

Assessed 1.203

I think this is the listing someone posted about earlier.

Best place on meth
Best place on meth
4 months ago

1002 CANYON BLVD NORTH VANCOUVER sold yesterday (Apr 26) for 980K

Assessed 1.341, last year 1.521

Dave
4 months ago

You have to traverse a river to get into your house. Probably can’t build a new one… ever.

Best place on meth
Best place on meth
4 months ago

Yesterday:

New
104

Sold
38

Dave
4 months ago

Come on… what’s the number we all want to see?

Ad hoc
Ad hoc
4 months ago
Reply to  Dave

Your IQ ?

Burnabonian
Burnabonian
4 months ago
Care Worker
Care Worker
4 months ago

I find this hard to believe…..

Canada’s early COVID-19 cases came from the U.S. not China, provincial data shows:
https://nationalpost.com/news/politics/canadas-early-covid-19-cases-came-from-the-u-s-not-china-provincial-data-shows#comments-area

bullwhip29
bullwhip29
4 months ago
Reply to  Care Worker

well, someone high up on the food chain is on CCO payroll

notice how china is not on either of the bar graphs…like seriously man, come on!

bullwhip29
bullwhip29
4 months ago
Reply to  bullwhip29

CCP

Ad hoc
Ad hoc
4 months ago
Reply to  Care Worker

Yes this is political spin.

bullwhip29
bullwhip29
4 months ago

There will be no in-class learning for most B.C. school students until the fall, Premier John Horgan said Wednesday
https://vancouversun.com/news/local-news/covid-19-four-more-deaths-brings-total-in-b-c-to-109/wcm/6772ee71-ca0e-4434-8453-eaed2082aa32/

bullwhip29
bullwhip29
4 months ago
Reply to  bullwhip29

as i mentioned numerous times, the system will remain broken as long as schools are shut down and even once they begin to open many parents will continue to keep their kids at home until a vaccine is made available. should they not be provided this option, one can imagine the $hitstorm that would ensue when 1000’s of moms band together

bullwhip29
bullwhip29
4 months ago
Reply to  bullwhip29

parents of kids 10 and under who remain home either out of necessity or by choice, can not resume a “normal” work schedule (if they are still employed), can not socialize with other friends, relatives and associates (even if social distancing measures are lifted) as doing so would make them look like total hypocrites, nor can they get out and support the economy for non-essential reasons such as dining out, entertainment, travel and various other leisure activities.

bullwhip29
bullwhip29
4 months ago
Reply to  bullwhip29

last but not least, once schools do re-open in some shape or form, it is a 100% certainty some kids will get sick with a flu, cold or even COVID-19 which will trigger yet another panic closure as many will still be living in fear of the dreaded 2nd outbreak. then we’ll see how many covidiots with cabin fever feel like heading out to the seawall, beaches, grouse grind and other hotspots in the middle of oct or nov

bullwhip29
bullwhip29
4 months ago
bullwhip29
bullwhip29
4 months ago
Reply to  bullwhip29

REBGV maintains with confidence that “pent-up demand” for housing, combined with low interest rates, will re-energize Metro Vancouver’s dormant real estate market once the COVID-19 lockdown ends

Burnabonian
Burnabonian
4 months ago
Reply to  bullwhip29

“People have gone crazy with borrowing in Canada, fuelled by a fear of missing out and visions of the past two decades of ever-rising property valuations. But since COVID-19 came out of China almost half of Vancouver homeowners say they can’t fully pay their mortgages” All you need to know about Vancouver real estate. Right there. “half the country’s property investors (such as the tens of thousands who have bought condo units in towers to rent out) aren’t getting enough cash from tenants to cover their mortgage costs.” In Vancouver, that number can be rounded to 100%. “All it would take to create a sudden oversupply of housing would be for two per cent more owners in a particular market to list their dwellings for sale” Any questions? “drastic drop in tourist numbers. With borders virtually closed to international travellers,… Read more »

Dave
4 months ago
Reply to  Burnabonian

If you asked me ten years ago to give advice to a 20 something living in Beijing. Back then I would have said to that person, there is a lot of opportunity for you in China and your country is only going to get better. I’d stay where I know the language and culture because you’ll better and won’t have to hustle as hard. I don’t think that anymore. I’d tell a 20 something in China to get the hell out on the first flight. Freedom and an open society are not coming short of a revolution. We were all wrong that trade, commerce and interaction would bring those things. The smart kids in China right now know this as well as I do. If you have the opportunity to go to school in the West and get your foot… Read more »

bullwhip29
bullwhip29
4 months ago
Reply to  bullwhip29

“…the counter-arguments are almost too numerous to mention…”

> 7 million laid-off workers

record levels of borrowing, almost half of Vancouver homeowners say they can’t fully pay their mortgages, Metro Vancouver’s suburbs hold the highest debt ratios

borders virtually closed to international travellers, investors who relied on short-term rentals, citizenship ceremonies cancelled, processing of would-be permanent residents held back, pandemic will affect choices of would-be immigrants, who have accounted for 85 per cent of population growth

pressure on owners facing speculation and vacancy tax, which has quadrupled

one million people who until recently were in Canada on temporary study and work visas may not stay. Australia’s immigration minister says 300,000 people on temporary visas have already left since January.

Dave
4 months ago
Reply to  bullwhip29

Except 7 million is a false number. When you make it easy for people to take free money, they’ll take it. Cut off the money and watch unemployment drop.

bullwhip29
bullwhip29
4 months ago
Reply to  Dave

not entirely disagreeing with that to a degree. in fact, i don’t think the govt will be in any hurry to cut the money off. this said, these folks likely won’t be using the free money to buy real estate, will they? and even if they felt so inclined and bold to take that big leap, the banks will not lend to them

YVR
YVR
4 months ago
Reply to  Dave

Once you take the free money you will not get a mortgage. So that is 7 million out as possible home buyers for at least 2 years.

bullwhip29
bullwhip29
4 months ago
Reply to  YVR

also, anyone that deferred their mortgages(s) is also being monitored by the banks despite claims that credit scores are not and will not be affected in any way.

Burnabonian
Burnabonian
4 months ago
Reply to  bullwhip29

Correct. The banks keep their own score on you that you can never know and that they don’t share. It is related to your income and spending habits and much more sophisticated than anything Tranny Union or whoever could ever dream of.

They’ve got your number as far as a lending risk goes. Apply for a CERB or defer your mortgage, and you will eat shit from your bank for the next 10 years.

Dave
4 months ago
Reply to  YVR

The people taking the money aren’t the demographic that buys real estate. Have a look at the numbers by income level. I don’t like to be a doomer, but here’s your negative news of the day if you don’t already know it… world class cities aren’t going to have high levels of home ownership for most people living in those cities. That includes white collar office workers and that includes North American cities. This became more true in the last 10 years after the Great Recession and we’re about to double down on that trend. If you have assets, you’re going to do well because the game is rigged that way. Complain all you want that this is not morally right, but it’s just the reality. I know you all think I’m a pumper, but my advice to anybody thinking… Read more »

Burnabonian
Burnabonian
4 months ago
Reply to  Dave

Yeah don’t listen to Thomas Piketty about whether inequality can just continuously get worse, long-term, and be sustained that way. (His answer = Not possible, there is always a redistribution towards equity. Typically during times of global catastrophe.)

Listen to “Dave”, the Realtor ™ from the internet forums.

Dave can tell you for sure that “Now Is The Best Time To Buy ™”.

Dave
4 months ago
Reply to  Burnabonian

Watch and see. There is going to be a great bifurcation. And the people on both sides will be happy about it. The ones without assets will still get food, clothing, shelter, health care and fast internet. Truth is that’s all most people want. The rest of us want more because we can get it. Look at Weiner… he just wants free rent. Owning assets will be seen as too much of a hassle to most of the bums out there. People will choose Uber over buying a car. People will chose subsidized rent over owning. People will chose a guaranteed income over the commitment and hassle of a business. It’s going to be real easy to be on the no asset side of the equation. This isn’t going to be Soviet Russia or pre-revolution France where people rise up… Read more »

Best place on meth
Best place on meth
4 months ago
Reply to  Dave

“Truth is that’s all most people want”

Then that won’t leave many people to buy real estate.

And you actually think Vancouver is a world class city. Amazing.

Dave
4 months ago

The future is the housing stock progressively being owned by a smaller and smaller percent of the population. The past situation (where almost all the middle class buys real estate) is not the future. The people who can buy real estate are the ones who are already have assets and will get the benefits of free money. If you’re just barely getting by and want free rent like Weiner, you’re not generally going to be a buyer. What you’re going to see is big developers keep ownership of buildings and rent them out. Guys like Jim Pattison will build a big rental portfolio. Can’t lose… government gives you free money and then helps pay the rent of the plebs. You guys wanted socialism, so now you’re going to get it. Big money likes this kind of World… governments help them… Read more »

Dave
4 months ago

The future is the housing stock progressively being owned by a smaller and smaller percent of the population. The past situation (where almost all the middle class buys real estate) is not the future. The people who can buy real estate are the ones who are already have assets and will get the benefits of free money. If you’re just barely getting by and want free rent like Weiner, you’re not generally going to be a buyer. What you’re going to see is big developers keep ownership of buildings and rent them out. Guys like Jim Pattison will build a big rental portfolio. Can’t lose… government gives you free money and then helps pay the rent of the plebs.

Dave
4 months ago
Reply to  Burnabonian

The same Dave that’s called it right on these forums since 2008… through bull and bear markets. My track record is unmatched.

bullwhip29
bullwhip29
4 months ago
Reply to  Dave

anyone that was long anything since mar 2009 looked like a genius

bullwhip29
bullwhip29
4 months ago
Reply to  bullwhip29

problem is that it is not mar 2009 right now, it is the spring of 2000 or 2008

Dave
4 months ago
Reply to  bullwhip29

Here’s the thing… and I encourage you to read these very forums from 2008, prior to the housing crash in the US. At the time I told people all about Quantitative Easing. Back the, 99.9% of people never heard those words. I was laughed at here for saying if things crash, the Fed will just buy up long bonds and push rates down. That was considered an impossibility by most, but you heard it from me first. I said YVR would have a correction and I said it won’t be more than 15%. I said the market would turn quickly (which it did) and that prices would appreciate quickly (which it did). In 2016/2017, I turned into a bear and said prices reached the peak and were headed for a correction. I said we’d have our once a decade downturn.… Read more »

bullwhip29
bullwhip29
4 months ago
Reply to  Dave

my theory… nothing that occurred in 2008 was really fixed the powers that be simply tried to paper over it to buy themselves more time. this in turn made the cancer 100x worse i believe cracks were already beginning to show in 2018 2019 was largely one big circus side show while COVID-19 is real, i believe it was used as an impeccably timed and very convenient excuse to try to revive this already dead corpse of an economy with as much funny money they could print without anyone kicking up a big fuss. locking up everyone inside was a clever move imho. last time it took $1T, this time maybe $10T or more. will it work? doubtful, as it didn’t work last time. will it buy people more time? yes, but not as much as last time and maybe… Read more »

Dave
4 months ago
Reply to  bullwhip29

I agree with most of this. I find the problem with most people that can see the big picture is they’re too negative in their predictions. But you see very well that we can still kick the can down the road. That’s what I’m betting on.

Don’t mistake what I think will happen with what I want to happen or what should happen.

bullwhip29
bullwhip29
4 months ago
Reply to  Dave

kicking the can is only an option if (1) there is still road ahead or (2) a viable mechanism is still in place to add to the road at a pace that meets or exceeds the velocity of the can itself

we are currently testing the limits of option (2)

Dave
4 months ago
Reply to  bullwhip29

I see a lot of road ahead still. I’d buy the argument that Europe is headed to Option 2, but not North America.

Burnabonian
Burnabonian
4 months ago
Reply to  Dave

7 million is a significant understatement of the people whose employment is either gone or soon to be gone.

This is the deepest recession in Canadian history, with GDP projected to fall 50 FUCKING PERCENT this year based on a survey of top Canadian economists.

Can you please stop being a piece of fucking shit all the time?

There are real people on here seeking real guidance and context, and they stand to lose more than just money.

I guarantee you will not get one single extra commission cheque despite all the time you waste here. But if you steer one person into making a horrible purchase decision, you will have fucked over a Canadian family by spewing truisms and bullshit.

Please think about yourself and what you want to be to the world.

Dave
4 months ago
Reply to  Burnabonian

Hey Dummy. Read my post below and see my track record for calling things right.

I’ve made dozens or hundreds of predictions here that you can track. Anybody who’s followed me knows how much I get right, whether it be stocks, gold or silver.

I made another prediction… 7 Million isn’t the real number. Nor is this a 50% downturn.

How’s your stock portfolio doing? I’m back to all time highs now. My returns have been better than 99% of fund managers out there… over the long haul.

Get yourself a Rolex and third wife and maybe we start taking you seriously.

Best place on meth
Best place on meth
4 months ago
Reply to  Dave

You’re already on your third wife?

Man, you must be intolerable.

Ad hoc
Ad hoc
4 months ago

you ever notice how some people on the internet are always financial geniuses and never make a wrong move? Everything they do is 100% success. Funny that …

Dave
4 months ago
Reply to  Ad hoc

Here’s the thing… I posted my predictions and they’re all verifiable. Have a look.

Dave
4 months ago

Good things come in 3’s. 3 Rolex and 3 sugar babies too.

Burnabonian
Burnabonian
4 months ago
Reply to  Dave

“My returns have been better than 99% of fund managers out there”

You remind me of this guy:

https://knowyourmeme.com/memes/navy-seal-copypasta

Burnabonian
Burnabonian
4 months ago
Reply to  Dave

If your returns were “better than 99% of fund managers”, you would be a billionaire.

Yet here you are, day after day, being a cunt on internet forums to relieve stress.

I don’t think that’s how Warren Buffett spends his days…just sayin.

Dave
4 months ago
Reply to  Burnabonian

I took over my investment portfolio 7 years ago. Average yearly return to today is 20%. That beats Berkshire for the same period of time.

Ad hoc
Ad hoc
4 months ago
Reply to  Dave

Do you think repeating a lie makes it believable?

Warren Buffet
Warren Buffet
4 months ago
Reply to  bullwhip29

“Only when the tide goes out do you discover who’s been swimming naked.”

bullwhip29
bullwhip29
4 months ago
Reply to  Warren Buffet

expect in this part of the world, the people who had no business jumping in the water to begin with get rescued while others have to swim back on their own

only in this part of the world do visitors to canada who shouldn’t be travelling in the first place, have no quarantine plan and might even be infected get a free stay at one of our hotels complete with free meals and other amenities

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago

Did Paul finally conclude that it’s time to stop associating his business with scumbag supremacists?

Great decision.

YVR
YVR
4 months ago

I don’t think Paul had ever associated with you.

Ad hoc
Ad hoc
4 months ago
Reply to  YVR

Paul got tired of SIDAs trolling…

Best place on meth
Best place on meth
4 months ago

More examples of leftist scum in US telling everyone to stay at home while they go out and do as they please – including Obama.

https://www.youtube.com/watch?v=UJgRk1p8ktY

The last Conservative
The last Conservative
4 months ago

Leading by example has never been standard operating procedure for those two faced assholes. They tell us to reduce our carbon footprint too while they are jet setting around in private jets, yachts,etc. Scum.

YVR
YVR
4 months ago

Can you imagine the fake news media shrieking if Trump went golfing?

Best place on meth
Best place on meth
4 months ago

That Gangam style beat is so intoxicating.

https://www.youtube.com/watch?v=4p8Aq5BM9io

southseacompany
southseacompany
4 months ago

“Ten reasons why a ‘Greater Depression’ for the 2020s is inevitable: Nouriel Roubini”, The Guardian

https://www.theguardian.com/business/2020/apr/29/ten-reasons-why-greater-depression-for-the-2020s-is-inevitable-covid

“After the 2007-09 financial crisis, the imbalances and risks pervading the global economy were exacerbated by policy mistakes. So, rather than address the structural problems that the financial collapse and ensuing recession revealed, governments mostly kicked the can down the road, creating major downside risks that made another crisis inevitable. And now that it has arrived, the risks are growing even more acute. Unfortunately, even if the Greater Recession leads to a lacklustre U-shaped recovery this year, an L-shaped “Greater Depression” will follow later in this decade, owing to 10 ominous and risky trends.”

southseacompany
southseacompany
4 months ago

‘Fed chair warns of ‘heartbreaking’ scenario as U.S. economy suffers worst first quarter since Great Recession”, Washington Post

https://www.washingtonpost.com/business/2020/04/29/gdp-coronavirus/

“Powell vowed repeatedly Wednesday to use all of the Fed’s tools to keep U.S. businesses and households afloat during the crisis, but he warned that a recovery could take a while and that there is a significant risk of long-term damage if Congress and the central bank do not do enough to aid the economy.”

southseacompany
southseacompany
4 months ago

“Small landlords bear brunt of chaotic rental scene”, Business In Vancouver

https://biv.com/article/2020/04/small-landlords-bear-brunt-chaotic-rental-scene

“With evictions banned, up to 45 per cent of B.C. tenants in some buildings did not pay rent April 1 and about 30 per cent of all Alberta tenants also failed to pay rent on time. In Saskatchewan, 27 per cent of tenants did not pay rent April 1.”

southseacompany
southseacompany
4 months ago

“Canadian economy likely in deepest recession on record, will only recover modestly over coming years: poll”, Globe and Mail https://www.theglobeandmail.com/business/economy/article-canadian-economy-likely-in-deepest-recession-on-record-will-only/ “The Canadian economy is likely in its deepest recession on record and will only recover modestly over the coming year as it takes a direct hit from the coronavirus outbreak and a collapse in oil prices, a Reuters poll of economists showed.” “Although the economy was predicted to bounce back and expand by a median 19 per cent and 11 per cent in the third and fourth quarter respectively, all but one of nine economists responding to an additional question said the risk to their second-half forecasts was skewed to the downside.” “That was in line with BoC Governor Stephen Poloz’s recent statement that the economy would take “a couple of years” to make up lost ground once the pandemic… Read more »

southseacompany
southseacompany
4 months ago

‘FULL: The Canadian economy is likely in its deepest recession on record and will only recover modestly over the coming year as it takes a direct hit from the coronavirus outbreak and a collapse in oil prices, a Reuters poll of economists showed. After the economy contracted sharply last month and lost a record 1.01 million jobs, economists have slashed back their economic forecasts because of lockdown measures and reeling oil prices, which hit a record low last week as global economic activity came to a halt. In the April 23-28 Reuters poll of 25 economists, Canada’s economy was predicted to have contracted at an annualized rate of 9.8 per cent last quarter and to shrink 37.5 per cent this quarter. In a January poll, they predicted 1.6-per-cent and 1.7-per-cent growth, respectively, showing just how abruptly the economy has turned.… Read more »

Werner Stein
Werner Stein
4 months ago
Dave
4 months ago
Reply to  Werner Stein

Rent’s due Friday. Don’t rationalize being a bum.

Best place on meth
Best place on meth
4 months ago
Reply to  Dave

Rent jubilee, man!

Rentersarenotthieves
Rentersarenotthieves
4 months ago
Reply to  Werner Stein

People need to pay for what they consume, be it goods or services.
Negotiate with landlords if you do not have the cash. The opportunists don’t paying rent is the same as stealing.
Don’t be a thug!

Best place on meth
Best place on meth
4 months ago

Gold is up 5% this month, Bitcoin up 50%.

How is the world currency known as Vancouver Real Estate (VRE) doing this month?

Best place on meth
Best place on meth
4 months ago

For the past year gold is up 33%, Bitcoin up 90%

The global VRE currency?

Down 1%.

Awwww……sad pandas, can someone please go revive projection?

Werner Stein
Werner Stein
4 months ago

Again caution:
That report is from the Economics Forecast Arm of the RE Pumpers Cabal

Dave
4 months ago
Reply to  Werner Stein

I’ll have a talk with Brian the next time I see him. He’s way out.

Werner Stein
Werner Stein
4 months ago

Unemployment to hit 8.0
6.3 in 2021

Best place on meth
Best place on meth
4 months ago
Reply to  Werner Stein

8% unemployment?

That’s already in the rear view mirror.

Werner Stein
Werner Stein
4 months ago

Central 1 forecasts Canadian GDP to
contract 40 per cent during second quarter 2020 as
the full COVID-19 eff ects are observed, combined with
the eff ects of the collapse in oil prices. We forecast a
full-year contraction in the Canadian economy of eight
per cent this year, with a six per cent rebound in 2021.

https://www.central1.com/wp-content/uploads/2020/04/ECON_EA_BC_20200304.pdf

YVR
YVR
4 months ago

FBI discussed interviewing Michael Flynn ‘to get him to lie’ and ‘get him fired,’ handwritten notes show

Former President Obama personally had warned the Trump administration against hiring Flynn, and made clear he was “not a fan,” according to multiple officials.

Somebody is going to jail. Do they allow extraditions from Kenya?

https://www.foxnews.com/politics/michael-flynn-fbi-handwritten-notes-get-him-lie-fired

The last Conservative
The last Conservative
4 months ago
Reply to  YVR

Bill Priestap kept copious notes. Lol. Many people are going to jail. Comey ,McCabe ,Strzok and Lisa page for starters. Sidney Powell said there is even more damning notes soon to be released! The special counsel had this info and sat on them. Some will be disbarred or hopefully indicted. Mueller knew, Weissman, Van Grack , Boente and Rosenstein knew. The corrupt DOJ under Rosenstein used the special counsel as a tool to keep targeting Trump. The SC “investigation “ was nothing more than an obstruction probe to be used in an impeachment investigation. This is related to the spy gate operation against team Trump. This is a clear case of pre meditated entrapment…..a crime. Bill Barr and John Durham have much more documented paper trail evidence and cooperating witnesses. Durham has hired heavy hitters specializing in RICO recently.It’s about… Read more »

Best place on meth
Best place on meth
4 months ago

Brennan was the ringleader of this entire coup attempt, he needs to be executed publicly…televised live to the world.

A lot of those other names will claim they were following orders and might walk, but as long as Brennan gets it then justice will be done.

YVR
YVR
4 months ago

There is FBI texts from Strzok that confirm Obama wanted to be updated and in the loop on everything. Brennan reported to Obama. Clapper has also stated he was just following orders (he reported to Obama). You have 3 separate department heads all reporting to Obama working illegally on framing Trump. Then you have the DOJ and the State Department who were also involved. There is no way this could have been done by 5 or more departments without Obama’s direction.

Best place on meth
Best place on meth
4 months ago
Reply to  YVR

I have no doubts about Obama’s involvement and direction, but presidents are untouchable.

YVR
YVR
4 months ago

Lets wait and see. According to pretty much everyone on the left Trump will be put in jail once he finishes his presidency and they obviously they already tried to take him and his family down. Trump is not going to let Obama go.

YVR
YVR
4 months ago

Yup it is game over for the corrupt. But the reason this is taking so long is they don’t just want Comey and his crew. They want Obama who was the ring leader. Comey and his crew will squeal to get out of life in prison. The last place an ex FBI wants to go is into a federal prison. They will cut a deal and Obama will be the prize. Probably in the works right now.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  YVR

Bookmarked!

LOL.

Best place on meth
Best place on meth
4 months ago
Reply to  YVR

A president will never go to prison, the precedent it would set is unthinkable.

Everyone up to the president is fair game, including Hillary.

YVR
YVR
4 months ago

They will hang him.

Werner Stein
Werner Stein
4 months ago

The pandemic is predicted to take a bigger bite out of B.C.’s economy than the recession of the early 1980s.

Central 1 Credit Union is calling for gross domestic product to fall by 7.3 per cent this year, although deputy chief economist Bryan Yu also expects a rebound of 5.1 per cent next year.

His national outlook is for an eight per cent GDP decrease this year, but a plunge of 40 per cent annualized in this quarter.

And this is from one of the most prolific RE pumpers in BC

https://www.citynews1130.com/2020/04/29/another-forecast-predicts-sharp-drop-in-b-c-national-economies-before-rebound/

YVR
YVR
4 months ago
Reply to  Werner Stein

“Central 1 Credit Union is calling for gross domestic product to fall by 7.3 per cent this year, although deputy chief economist Bryan Yu also expects a rebound of 5.1 per cent next year.”

That is net negative 2.2 GDP over 2 years. In other words a massive recession or a depression.

Dave
4 months ago
Reply to  Werner Stein

No way it’s 40% this quarter. Maybe 25%.

Laibach
Laibach
4 months ago
Reply to  Dave

Right, what do they know otherwise they would be all wearing Rolexes.

Dave
4 months ago
Reply to  Laibach

Economists don’t get rich for a reason.

Best place on meth
Best place on meth
4 months ago
Reply to  Dave

Like competence or accuracy.

Dave
4 months ago

Street smarts. This is a classic example. 7 million Canadians haven’t lost their jobs. A whole bunch of people are still working and took the free cheque. And a whole bunch of people who never worked a day in their lives took the cheque too. I don’t know anybody that’s lost a job.

Dave
4 months ago
Reply to  Dave

The stock market sees it how I do. Smart money indeed.

YVR
YVR
4 months ago
Reply to  Dave

Correct. The stocks tied to real estate like the banks and REITs are still way down.

bullwhip29
bullwhip29
4 months ago
Reply to  Dave

the smart money put on a guaranteed no lose trade at end of March. just when it looks like the coast is clear, they will gladly hand it all back to the millions of retail idiots out there. i think there is a good chance that process has already begun

bullwhip29
bullwhip29
4 months ago
Reply to  Dave

yeah, so no one in the retail, hospitality or travel industries was really laid off and it’s all just a big scam? right, got it…

bullwhip29
bullwhip29
4 months ago
Reply to  Dave

they are simply paid to write reports, nothing more. really no different than a stock analyst imho

Dave
4 months ago

We’re turning the corner!

We have a drug that works with treatment only going to improve. The economy is starting to open up and only a few more weeks to go here in BC. Some companies are killing it. MSFT blew away revenue and earnings. Best month for the S&P since forever. The Fed is printing money like never before. Interest rates are lower than ever before. I’m seeing signs that developers are getting bullish again and planning to move forward with new projects.

Don’t get me wrong, if you’re looking to buy, you still have time. But tick tock… every day we’re a day closer to this whole thing being over. And when it’s over, it’s going to boom like it’s 1983. They’re going to call this the Great Recovery.

Laibach
Laibach
4 months ago
Reply to  Dave

“Great Recovery”? Recovery from what?

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Laibach

The Trump Virus.

Dave
4 months ago

Four more years of Trump. No chance Biden is President. Trump will get the economy back to where it was and then make it even better, bringing us into the Golden Age. Very fitting for a real estate developer.

YVR
YVR
4 months ago
Reply to  Dave

“No chance Biden is President. ”

Biden the best and the brightest of the left. It is almost like the democrats wanted Trump for another 4 years. What else would they do with all their time obsessing 24/7 about him.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Dave

Anything’s possible after weeks of downplaying, golf, and vanity rallies caused the deaths of tens of thousands of people. Let’s not forget the car crash press briefings and touting of dangerous and unproven remedies. By November it’s possible everybody knows a friend or relative who was killed by the Trump Virus.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago

OMG I can’t believe I forgot about the dismal polls and the impeachment. Silly me.

YVR
YVR
4 months ago
Reply to  Dave

The Trump states are the envy of the world with have some of the lowest infection rates and deaths worldwide. Trump did an amazing job.

But there was a former half white president doing a little golfing in a state that was in mandatory lock down. It was followed up with a public service announcement by the former first lady who stated people must stay home except for essential services (while her husband was illegally golfing). Oh well last game before prison!

https://video.foxnews.com/v/6153021769001

Best place on meth
Best place on meth
4 months ago
Reply to  YVR

Interesting that the top 4 worst hit states by far are are perennial blue states and leftist cesspools.

The only reason Louisiana is #5 is because they foolishly went ahead with Mardi Gras, all those drunken blue staters flying in and slobbering all over each other did a lot of damage.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago

It’s almost like there’s some sort of correlation to large, densely populated cities.

Now I wonder how that could be?

But it’s OK, I’m sure states like Kentucky won’t be needing a bail out like the one they get every single year.

Best place on meth
Best place on meth
4 months ago

Oh right stupid mother fucker, Connecticut has lots of big cities that are dense but still not as dense as you, the cocksucking retard.

That’s why they’re at #3.

Shut up and go fuck yourself, insult comic dog.

YVR
YVR
4 months ago

I recall the media shrieking in early March all the Trump and Republican states were going to be the worst off. As it turned out 9 out of the 10 of the most deaths per capita and infections are democratic run states including Louisiana who has a democrat governor. Funny you never hear that from the fake news now.

bullwhip29
bullwhip29
4 months ago
Reply to  Dave

no, he will turn the whole country into atlantic city

don’t get me wrong, there are other players who want to see him fail and are more than happy to help things along

trump will just blame everything on china anyway at end of day

Dave
4 months ago
Reply to  Laibach

The self-induced economic shutdown from Coronavirus.

Laibach
Laibach
4 months ago
Reply to  Dave

“economic shutdown” is irrelevant if current results aren’t indicating any problems with the economy given your breakdown of the current stock market, and housing. According to KPIs even without a Coronavirus economy would be more or less in the same shape.

Burnabonian
Burnabonian
4 months ago
Reply to  Dave

Yeah that’s an interesting take.

The maker of work-from-home software had a good quarter so in your mind the economy has recovered.

Speculators are all taking positions, driving stocks higher, which to you means that the consensus about the world entering the worst recession in 100 years is not true.

One antiviral that you can’t get in Canada seems to have had positive results in an early trial, and in your mind coronavirus is a thing of the past.

You are a legend in your own mind.

YVR
YVR
4 months ago
Reply to  Dave

“I’m seeing signs that developers are getting bullish again and planning to move forward with new projects.”

Developers are always that last ones holding the bag. Remember the 40 cent on the dollar auctions in Miami?

“Don’t get me wrong, if you’re looking to buy, you still have time. But tick tock… every day we’re a day closer to this whole thing being over. ”

True. Make sure you get in around April 2025 otherwise you may miss the bottom.

“And when it’s over, it’s going to boom like it’s 1983. ”

Yes 1983 wasn’t that after the 50% crash in 1 year the worst in Vancouver history? Yup should look something like that.

Best place on meth
Best place on meth
4 months ago
Reply to  Dave

Oil is back up to $15!

The economy is roaring back to life!

*cough*

Dave
4 months ago

Cheap energy has always been good for the economy.

Best place on meth
Best place on meth
4 months ago
Reply to  Dave

It’ll be absolutely fantastic for gold miners.

Dave
4 months ago

I’m a big fan of the Golden Rule. He with the Gold makes the Rules.

YVR
YVR
4 months ago
Reply to  Dave

Cheap oil is good for net importers. Net exporters like Canada it is negative.

Laibach
Laibach
4 months ago
Reply to  YVR

But must be good for developers, less cost of mixing concrete.

Oracle
Oracle
4 months ago

Regarding the poultry places outbreaks. I’ll explain to you why it’s happening and NO, there are no links.

Most of the poultry plants affected are north of the Fraser. Most of their workers are from south of the Fraser. Mostly Indian. And most if not all carpool. So much for social distancing. Selfishness and greed.

Another poultry plant has an outbreak that was announced today.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Oracle

You’re a fool.

Laibach
Laibach
4 months ago

Why is he a fool? Is he talking about the impossible case? No need to keep waiting for the comment to just fire an insult for the sake of insulting.

“For those who enjoy distributing insults, the internet is a perfect environment, one that can offer a shield of anonymity and an absence of consequences. The larger question is whether the frequency of ill-motivated personal attacks will ride the wave of increasing narcissism or succumb to social controls?”

https://www.psychologytoday.com/ca/blog/the-human-beast/201611/the-psychology-insults

Best place on meth
Best place on meth
4 months ago
Reply to  Laibach

“If that logic is correct, we can assume that insults are often motivated by anger surrounding issues of status insecurity. Many insults are reactive: They are responses to real or imagined slights from others, such as a person accidentally cutting in front of someone else in a line.”

Perfect summation of communist chinese culture, including our resident virus.

Oracle
Oracle
4 months ago

Have you denounced your own kind regarding the abuses in China you filthy traitor?

That is why you need to be expelled from this country. As you are an enemy of the west.

Best place on meth
Best place on meth
4 months ago
Reply to  Oracle

Are they still travelling to work in overcrowded vans with insufficient seat belts?

http://www.vancouversun.com/news/Monument+will+honour+Abbotsford+farm+workers+killed+2007+accident/8076924/story.html

bullwhip29
bullwhip29
4 months ago

Vancouver homeowners can wait until Sept. 30 to pay property taxes
https://bc.ctvnews.ca/vancouver-homeowners-can-wait-until-sept-30-to-pay-property-taxes-1.4917408

>>> sighs of relief will ultimately turn into major tax pains in the gut for many who have deferred mortgage and heloc payments (which reduces allowable interest expenses for those with rental properties), cashed govt handout cheques (fully taxable) and now will be holding off on yet more bills…yeah, everything’s all good…nothing to worry about

Ad hoc
Ad hoc
4 months ago
Reply to  bullwhip29

Vancouver had to reinstate pay parking to cover some of their budget shortfall…

https://www.citynews1130.com/2020/04/28/free-parking-vancouver-end/

5% of the budget revenue comes from parking fees & fines…

“Councilor Sarah Kirby-Yung people have been abusing free parking by parking all day for free ”
if it’s legal, how can someone can “abuse free parking” by parking in a free parking spot…

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Ad hoc

“Section 17.6 (f): Between 8am and 6pm every day, do not park your vehicle for more than 3 hours in front of residential or commercial properties that you do not own or work at.“

Ad hoc
Ad hoc
4 months ago

that wouldn’t apply to metered parking spots .

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Ad hoc

Correct. But those spots are not metered right now, otherwise you’d be paying.

Ad hoc
Ad hoc
4 months ago
Reply to  bullwhip29

and I read somewhere else that if paying late after Sept 30 then they get hit with immediate 10% penalty (both 5% penalties at once).

Werner Stein
Werner Stein
4 months ago

The stock market rebound is not a reflection of the real economy.
The casino management has given free chips, so the gamblers return to the table and place their high bets, with other people’s money.

Oracle
Oracle
4 months ago
Reply to  Werner Stein

Says you?

OK.

Oracle
Oracle
4 months ago
Reply to  Joe Money

They will protect these things at all costs:

1) Open borders. Especially for China.

2) Asset values. Especially Real Estate, Stocks and Bonds.

3) Ensure that the current ruling class remains in place for at least the rest of this century.

4) The MSM and public education. How else they suppose to keep the minions in checks?

backwardsevolution
backwardsevolution
4 months ago
Reply to  Oracle

Globalism is dying.

China is toast.

Canada is no longer a “country”. It’s somewhere to go to money launder, lie, cheat, steal, speculate.

The ruling class should be strung up for what they’ve done to the country.

Laibach
Laibach
4 months ago

Interesting what you said “Canada is no longer a “country”. It’s somewhere to go to money launder, lie, cheat, steal, speculate.”

Unfortunately, it comes down to very one group of people and their enablers in the process. They practiced for long, they mastered the skills and Canada came along as a playground without limits for them to excel in what are they good to do. They also had the race shield available if things not necessarily go smoothly. Unbelievable what happened…

Oracle
Oracle
4 months ago
Reply to  Laibach

Hey, blame your white politicians.

Chinese are just taking advantage of all the purpose built loopholes.

Best place on meth
Best place on meth
4 months ago
Reply to  Laibach

“They also had the race shield available if things not necessarily go smoothly.”

Which we saw a perfect example from today by that dumb cunt in Kelowna.

And no, I’m not talking about Christy Clark this time.

Oracle
Oracle
4 months ago

They are still the ruling class. Nothing has changed.

Joe Money
Joe Money
4 months ago
Reply to  Oracle

True. The Feds are already proposing to fund the MSM.

“Financially struggling newspapers to get federal money within weeks, heritage minister says”
https://www.cbc.ca/news/business/canada-failing-newspapers-covid19-help-1.5544554

You’re not as likely to bite the hand that feeds you.

bullwhip29
bullwhip29
4 months ago
Reply to  Werner Stein

there was no gambling required. the free chips were issued to the owners and connected insiders after they loaded up on their own shares first

the rest of the minions were issued gift cards and some free food and drinks

bullwhip29
bullwhip29
4 months ago
Reply to  bullwhip29

and to add insult to injury, users of those gift cards found out there were all kinds of restrictions and black out dates after reviewing the fine print

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Werner Stein

The stock market is rebounding because hydroxychloroquine is a miracle cure.

LOL.