tag:blogger.com,1999:blog-5936637281134795592.post2628426717519092059..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Turning off the tapsUnknownnoreply@blogger.comBlogger27125tag:blogger.com,1999:blog-5936637281134795592.post-9885545491128363102013-05-09T13:38:01.763-07:002013-05-09T13:38:01.763-07:00As has been pointed out, the chmc cap is meaningle...As has been pointed out, the chmc cap is meaningless. Pc gov is transferring mi to private companies and raising their caps.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-37263233024888928302013-05-08T16:30:56.523-07:002013-05-08T16:30:56.523-07:00Read between the lines folks.
By doing a re-org t...Read between the lines folks.<br /><br />By doing a re-org the Cons will point the finger to the Karen Kinsley and the previous board members, but the Harperites will deny any wrong doing on their disastrous CMHC policies(the good,the bad and the ugly) they've imposed on Canadian tax payers over the last 6 years.<br /><br />P.S. @ Bo Xilai, when you gonna give up your organs!!<br /><br />Falun Gong organ donornoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-12232702510586367942013-05-08T15:36:54.417-07:002013-05-08T15:36:54.417-07:00Bubbles do not deflate slowly; they burst. That is...Bubbles do not deflate slowly; they burst. That is the nature of a bubble.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-82571368416144312732013-05-08T14:49:17.071-07:002013-05-08T14:49:17.071-07:00Really?!? Try to sell for more, when it sells yo...Really?!? Try to sell for more, when it sells yours has gone down and then try to get the same type of place after you pay realtor fees, transfer taxes and closing costs?<br /><br />Give your head a shake......Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-71941515703207498762013-05-08T13:41:56.166-07:002013-05-08T13:41:56.166-07:00Whether the bubble bursts in 12 months or the air ...Whether the bubble bursts in 12 months or the air comes out slowly over 60 months the result of the landing is still the same........you have a bubble with no air remaining, and it will be painfull and disasterous for tens thousands. <br /><br />If you're upside down in 12 months, or it takes 60 months, the end result is that you are still upside down.......<br /><br />Had we been allowed to implode 5 years ago we'd be in a real recovery now, not some government mandated "death by a thousand cuts" economic ICU where the financial morphine is being rationed and also in short supply.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-41501388635347412602013-05-08T12:29:03.513-07:002013-05-08T12:29:03.513-07:00CMHC has qualitatively changed its habits; it may ...CMHC has qualitatively changed its habits; it may well never reach that cap, since it sees little appetite in Ottawa for extending it further.Many Franksnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-27751320528959832492013-05-08T12:20:06.495-07:002013-05-08T12:20:06.495-07:00Whispers: upon re-reading this article I see a gov...Whispers: upon re-reading this article I see a government hustling to cover its butt by casting the blame on the CMHC board and probably Karen Kinsley. While this attempt is ridiculous in the eyes of anyone who has been following the housing bubble and knows the scenario as laid out by fish10 is accurate, the public at large will unfortunately probably buy it. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-4562205606813958902013-05-08T11:44:28.307-07:002013-05-08T11:44:28.307-07:00They also allow multi-generational mortgages...They also allow multi-generational mortgages...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-74823296150477540562013-05-08T11:09:00.847-07:002013-05-08T11:09:00.847-07:00Anyone care to speculate on when CMHC will reach i...Anyone care to speculate on when CMHC will reach its target cap rate of 600 billion. They report quarterly as I recall so we will not know until after the event has happened. It is sure to be newsworthy when it happens. What a dogs breakfast!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-41661221545348604132013-05-08T10:57:21.562-07:002013-05-08T10:57:21.562-07:00Engineering a soft landing is a good thing. A sof...Engineering a soft landing is a good thing. A soft landing does not mean a crash. Also banks are flush with cheap cash. Mortgages are the way they make money. CMHC may change or modify it's policies but all that is going to do is give notice to the banks that they are going to have to take on more of the risk. This is what's happening. Back to the good ole days of banking where their loans were not back stopped by the govyAnonymoushttps://www.blogger.com/profile/01498148268227430954noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-13896866103808610472013-05-08T09:06:48.937-07:002013-05-08T09:06:48.937-07:00Commenters both in and out of MSM often comment on...Commenters both in and out of MSM often comment on the CMHC $600B limit but not on the overall insured amount for which CMHC/taxpayers are on the hook - around $1trillion at last count when you include Genworth, Canada Mortgage Guaranty etc.<br /><br />And fish10 is also absolutely correct.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-21772103291664198592013-05-08T08:17:22.885-07:002013-05-08T08:17:22.885-07:00As with most things Conservative the 600B insuranc...As with most things Conservative the 600B insurance limit is a sham... Conservatives have increased mortgage insurance limits for private companies such as Genworth up to 300B.Anonymoushttps://www.blogger.com/profile/07940948125852748584noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-84691991674334036872013-05-08T07:44:43.641-07:002013-05-08T07:44:43.641-07:00It's true. Sell now for less. Wait. Prices fal...It's true. Sell now for less. Wait. Prices fall more. Buy for even less. Good advice.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-33551626304840625182013-05-08T07:22:56.305-07:002013-05-08T07:22:56.305-07:00Okay now this is worth a laugh…..one seriously mis...Okay now this is worth a laugh…..one seriously misguided article from across the strait -<br /><br /><a href="http://www2.canada.com/nanaimodailynews/news/story.html?id=e75e2f29-8700-4c78-8f23-3ba25ae11beb" rel="nofollow">Sellers need to price accordingly, and be ready to make less on the sale, which they'll likely make up on their next purchase</a><br /><br />Cheers,<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-38839063483922450562013-05-07T23:41:36.079-07:002013-05-07T23:41:36.079-07:00The Japan bubble has been slowly deflating for 23 ...The Japan bubble has been slowly deflating for 23 years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-47662102540640226102013-05-07T23:37:36.890-07:002013-05-07T23:37:36.890-07:00When the CMHC limit is reached I wonder what the c...When the CMHC limit is reached I wonder what the chances are banks will raise the minimum down to 10%, given it will then be their own necks on the line?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-7589782054310209832013-05-07T21:48:19.137-07:002013-05-07T21:48:19.137-07:00fish10 u r 100% correctfish10 u r 100% correctAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-28410640675059472902013-05-07T21:30:29.344-07:002013-05-07T21:30:29.344-07:00It should have been over in 2008-09.It should have been over in 2008-09.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-48661694301336493482013-05-07T21:30:21.288-07:002013-05-07T21:30:21.288-07:00The CMHC was set up to allow low income Canadians ...The CMHC was set up to allow low income Canadians that banks refused to get into the market. By the end it had become an instrument of the Conservative Government monetary policy!<br /><br />Insuring investment properties, second and third homes (how does that help low income Canadians) and speculation.<br /><br />The problem is the monster is so large that when it falls, we all go down. fish10noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-81355089762433849542013-05-07T21:23:11.236-07:002013-05-07T21:23:11.236-07:00W HAS KEPT ALOT OF PEOPLE FROM BEING DEBT SLAVES O...W HAS KEPT ALOT OF PEOPLE FROM BEING DEBT SLAVES ON BEHALF OF ME (FATHER) I CAN SAY U R TRULY THE HERO Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-49126213476484591672013-05-07T21:14:55.096-07:002013-05-07T21:14:55.096-07:00THE FEDERAL GOVERNMENT POLICY VS. AMANDA LI SISTER...THE FEDERAL GOVERNMENT POLICY VS. AMANDA LI SISTERS BIG DIFFERENCEAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-56071950776888877532013-05-07T21:02:25.013-07:002013-05-07T21:02:25.013-07:00She ..She ..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-22036180970861054152013-05-07T20:59:52.723-07:002013-05-07T20:59:52.723-07:00I don't think Whisperer has said all mainstrea...I don't think Whisperer has said all mainstream press is non-objective, has he?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-39090585178080962542013-05-07T20:50:09.225-07:002013-05-07T20:50:09.225-07:00Whisperer,
As much as I read and enjoy your blog,...Whisperer,<br /><br />As much as I read and enjoy your blog, I think that it would be beneficial if you stayed consistent with your arguments in regards to mainstream media.<br /><br />In many blog entries you decry the integrity of journalism, bemoaning how mainstream media has fallen to sub-par standards that has faux articles being represented as objective.<br /><br />And yet when it suites you, you quote their every word...<br /><br />"This is THE most important consideration when taking stock of real estate in the Village on the Edge of the Rainforest... that 'the federal government and policy makers are scrambling to engineer a soft landing for the country’s overheated housing market.'"Michaelhttps://www.blogger.com/profile/00278784401164564783noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-27475767389117647522013-05-07T20:20:06.794-07:002013-05-07T20:20:06.794-07:00It’s amazing the negative reaction I get from peop...It’s amazing the negative reaction I get from people when I try to explain what I see coming. For those of us predicting the eventual outcome, and ridiculed by our friends for appearing to be wrong for so long the wait is almost over. The eventual outcome has taken longer than expected. You can thank our government for manipulating the markets and extending this bubble, by backing up 100% of high ration mortgages and (and bulk mortgages) to the tune of almost $600 billion dollars, taking the risk away for our banks and putting the risk squarely on the backs of the Canadian tax payer.<br />Fortunately for the banks they will make out like bandits, while unfortunately the Canadian tax payer pays to clean up the mess. Don’t bet against the banks.<br />The Affluent Boomer™http://www.theaffluentboomer.com/noreply@blogger.com