Category Archives: Uncategorized

Friday Free-for-all! Rates, Pop, HPI, Dip

It’s the end of another week, time for a long weekend!

And since it’s Friday that means it’s time for 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:

Banks in trouble if bubble pops
WTF is the HPI?
Cost of debt dips
High end sales dip just a blip?
Crash fears rising
US new home sales slide
China RE price drop trigger protests

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

FFFA! Exodus, Data, Finance, Sales

Hey hey looky here! It’s the end of another work week, and 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:

Housing data ‘dangerously incomplete’
Realtor Hunger Index still above average
Deputy finance minister retires
Moving to Hong Kong for better jobs
March stats roundup
Buy as many mansions as you can
Sunshine coast: 2nd worst March

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

Financial advice for the condo trap

This on boggles the mind.

If you have an income that is dropping and you are in a negative equity position on a condo in one of the most overpriced cities in North America what should you do?

At least one financial planner says hold on tight!

She does have a way out. Lisa could sell the condo, pay off her loans, and walk away. She would be free to rent equivalent space and save perhaps $500 a month. She would be mobile, could easily take jobs in other cities and would be free of debt. However, she would have given up a good asset in valuable real estate. Moreover, unless she can get $350,000 or more for the condo, she would be in a deficit position after selling and moving costs.

Friday free-for-all! Octoberish!

It’s Friday and that’s important here!

Yes, even when we miss a whole week of updates it’s still friday-free-for-all time.

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

-links coming soon, hopefully!

In the meanwhile, what are you seeing out there? Post your news links, thoughts and comments here and have an excellent weekend!

The problem with wealth locked up in housing

Barbara Yaffe has a column in the Vancouver Sun where she points out some of the problems with ‘paper riches‘.

A recent study reveals Vancouverites have the highest net worth in Canada as a result of their pricey homes; so why do so many of us feel like we’re in the poor house?

It’s probably because, with median incomes below the national average, Vancouver residents are grappling with monster mortgages, as well as the highest consumer debt loads in the country.

And while it’s great building home equity, this does little to improve financial positioning until a place is sold and a profit realized.

Read the full article in the Vancouver Sun.