Archive for the ‘Open Topic’ Category

Friday Free-for-all!

Friday, December 19th, 2014

It’s that time of the week again…

Friday free-for-all time!

This is our regular end of the week news roundup and open topic discussion thread for the weekend.

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

-Sceptical of CMHC data?
-Langley Condos at 2006 prices
-Canadas random success story
-A bubble in renters?
-Market peak
-Oil prices on housing a ‘wild card’

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

FFFA!

Friday, December 12th, 2014

It’s that time of the week again…

Friday Free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend. Here are a few recent links to kick off the chat:

-Canadian debt at unsustainable level
-Realtors optimistic about 2015
-Overly fat debt loads
-Not expecting unexpected economic shocks
-Oil to affect Calgary prices
-Vancouver Island Stats

So what are you seeing out there?

Post your news links, thoughts and anecdotes here and have an excellent weekend!

Friday Free-for-all! Happy Weekend!

Friday, December 5th, 2014

It’s the end of another work week and that means it’s time for our regular Friday Free-for-all!

This is our usual end of the week news roundup and open topic discussion thread for the weekend.

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

-Balancing Retirement & mortgage
-27% don’t count mortgage as debt
-Vancouver closet for rent
-Longest interest rate pause
-Higher tax for empty houses?
-Millionaire visa for only 50 people?
-Dipping under a million on the coast

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

Lessons to learn.

Monday, December 1st, 2014

No matter how much you know, there’s always something new you can learn.

From this article in the Vancouver Sun there are at least 3 lessons we can learn:

1) Shaughnessy is a ‘tony’ neighborhood:

Laura De Munain moved into her family’s Oak Street house on the outskirts of the tony Shaughnessy neighbourhood in April. While working from home, the pregnant lawyer soon noticed groups of two or three people regularly stumbling around her back alley in a daze.

2) You can’t force absent owners to evict partiers from their property:

Police answered her first call to their non-emergency line and toured the property, but they “said they didn’t see any evidence of consistent living here,” according to De Munain. She says city staff referred her back to the police when she complained about drug users and squatters in June and asked the city to force the owner to board the home up properly.

3: Government hears you, but they’re not sure you mean what you say:

In the weeks leading up to this month’s civic election, a blog showcasing “beautiful empty homes” of the west side and a proposal from COPE mayoral candidate Meena Wong for a vacant home tax gained support from residents simmering with anger over Vancouver becoming a “hedge city” for foreign real estate investors.  A poll last month showed 72 per cent of respondents thought such a tax a “very good” or “good” proposal, and only 18 per cent deemed it “very bad” or “bad.”

Vision Vancouver Coun. Geoff Meggs said he, like many, finds it offensive when a perfectly good home is held empty for speculative reasons, but he doesn’t know that such a tax is “legally possible or even desirable.”

You’ve either learned something new from this writeup or it’s been a complete waste of your time. In either case you can read the full original article here.

Friday Free-for-all! Oil! Looney! Housing! IMF! Rates!

Friday, November 28th, 2014

Here we are, Friday again!

And you know what that means?

Friday Free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend.  Here are a few recent links to kick off the chat:

-Housing debate continues
-IMF can’t stop worrying about Canadas bubble
-Hike interest rates in May? not so fast.
-spiking prices, but more affordable
-Cable bills fine, help with the mortgage?
-Canada largest industry is real estate
-Zombie neighborhoods

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

Friday Free-for-all!

Friday, November 21st, 2014

Its the end of another week and that means its Friday free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend.

Let’s kick off the chat.

-links to come soonish

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

FFFA! Election Time

Friday, November 14th, 2014

Hey! It’s the end of another work week!

That means it’s Friday Free-for-all time here on VCI. This is our regular end of the week news round up and open topic discussion thread for the weekend.

Depending on when you read this, you may already know who’s mayor.

Alrighty, let’s get to the links to kick off the chat!

-BC leads decline in starts
-Mayor race neck and neck
-All about geography and weather
-BC vs Ontario economy
-Former city planner says..
-Ready to move to an island?

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

Hold cash or leverage up?

Monday, November 10th, 2014

This article in the Globe and Mail asks ‘where is the smart money going‘?

Is a drop in oil prices good for the Canadian economy? Will interest rates stay low forever? Nobody knows, but that doesn’t keep us from asking.

Today’s situation amounts to a near total inversion of the markets of a generation ago. “If you look back to, say, 1981, stocks, bonds and real estate were all cheap,” says Jim Giles, chief investment officer at Foresters, a Toronto-based financial services provider with more than $20-billion in assets under management. “Now, the exact opposite is true.”

For investors, this poses a daunting challenge: What do you buy when there’s nothing left to buy – or at least nothing that appears to be a bargain?

For somepeople cash is trash, for others it’s king:

Tim McElvaine, one of Canada’s best-known value investors, has a similar viewpoint. The head of McElvaine Investment Management Ltd. in Victoria is holding about 25 per cent of his fund’s assets in cash, considerably higher than the normal level, as he awaits buying opportunities.

“People will tell you they don’t want to hold cash because it doesn’t yield anything,” he said in an interview. “But the real value of cash is its ability to buy things when prices become attractive.”

Among the reasons to worry about today’s market is that near-zero interest rates have failed to spark any widespread global recovery. The Organization for Economic Co-operation and Development trimmed its global growth forecast this week to 3.3 per cent for this year, reflecting the euro zone’s continuing woes and a slowing Chinese economy.

Read the full article here.

FFFA! Oil, Outlook, Restructuring, 20%

Friday, November 7th, 2014

Well well well, it’s the end of another work week and that means it’s Friday Free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

-Oil Price Plummet
-We are affordable
-Scotiabank Chops
-Remove the top 20%
-Check the facts
-Accumulate enough debt
-world class yet?
-WTF?

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

FFFA! Little Mountain, Debt, Holidays & Heritage

Friday, October 31st, 2014

Boo!

You made it to the end of another week and here at VCI that means it’s time for another Friday Free-for-all!

This is our regular end of the week news round up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

-Canadians spend more on housing
-Heritage drives down prices
-Using tax dollars to boost economy
-The little mountain that couldn’t
-Holidays are for losers
-TFW program not so curtailed
-Swedish bubble test case?

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

VCI Network

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