tag:blogger.com,1999:blog-5936637281134795592.post5737320381179533867..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Soft landing? No crash? Hmm… sounds familiar.Unknownnoreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5936637281134795592.post-6702521405273865392014-01-08T15:27:03.933-08:002014-01-08T15:27:03.933-08:00The U.S. is well on the way to economic recovery (...The U.S. is well on the way to economic recovery (while we here have yet to even admit our RE problem...) and the C$ is therefore headed back to its natural level of 70 cents as we speak. Hope you enjoyed the 4 years of parity that we had. Never again.davidnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-43586129488596980742014-01-08T15:18:33.359-08:002014-01-08T15:18:33.359-08:00I like the new photo " Edge of the Rain Fores...I like the new photo " Edge of the Rain Forest"....very West Coast. Feds have been feeding Canadians a steady diet of low interest loans for too long in order to avoid US style recession. It has gone too far and some folks will be underwater at edge of the rainforest at next mortgage renewal.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-45235852783062656792014-01-08T13:39:46.254-08:002014-01-08T13:39:46.254-08:00Nice Song. Problem is the Bank does not know what ...Nice Song. Problem is the Bank does not know what to do any-longer. If they raise the rate significantly - those for a mortgage renewal will be doomed. If they keep the rates low or drop them - they will then invite more "swimmers-wonna-be" on a boat that is going under water. The banks and Realtors will keep the game-ace on even if noone is looking no more. <br />Export is dead due to the high loonie. Housing in unaffordabe nor prices are justified. Economy is not in good shape. Deflation has been knoking on the door for too long. Normal rate is around 5-7%. Million dolla slums in Van are pathetic. Bank expects are graduat adjustment over time. Let's just see how gradual it will be.<br />Conclusion: the Bank can not and will not hike the rates significantly not to "bankrupt" the homeowners in dept. Yet, the Bank must restraint potential buyers from going into the dept. We will see a sligh rate increase over 2 years and slight price drop as well...until a major correction. Thank you. Simon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-24214250354862758082014-01-08T11:31:06.213-08:002014-01-08T11:31:06.213-08:00Where does all the money from the property taxes b...Where does all the money from the property taxes based on ridiculous high prices go now? I would say it is mismanaged as everything is going up in this city. We are so polite in this country fighting against corruption. Where will they get the money in the future? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-39731800959461368152014-01-08T11:08:46.181-08:002014-01-08T11:08:46.181-08:00Economists -- -worse yet, government economists --...Economists -- -worse yet, government economists --- are pretty much useless anyway. On top of that, add in the outright fraud going on in the financing market at the time, and they were just oblivious pawns. <br /><br />Canada will be different...in that the whole mess will simply be (relatively quietly) shoved onto the generic, opaque taxpayer, funding billions in new, long term bonds...complete with with juicy, good old-fashioned interest rates...to make the banks whole. <br /><br />At least the "We're Better Than All of You" Dept. of Finance world speaking tour might finally end. davidnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-69522019378285617712014-01-08T10:22:04.028-08:002014-01-08T10:22:04.028-08:00Of course the bankers will say there are no bubble...Of course the bankers will say there are no bubbles. If they say otherwise, the economy will crash instantly. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-81068615060495708702014-01-08T06:34:05.338-08:002014-01-08T06:34:05.338-08:00Didn't he just say there may be room for an ra...Didn't he just say there may be room for an rate adjustment "down" and yet a few weeks ago he said get ready for the rise......I could be wrong but...<br /><br />Cheers,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-9828660867204994652014-01-07T20:52:24.208-08:002014-01-07T20:52:24.208-08:00Pop, pop, pop. Drop, drop, drop.
Vancouver Housin...Pop, pop, pop. Drop, drop, drop.<br /><br />Vancouver Housing Price Drop Song:<br />http://www.youtube.com/watch?v=GLnhCFbOCskJoe Mainlandernoreply@blogger.com