tag:blogger.com,1999:blog-5936637281134795592.post9170372477555575049..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Misplaced anger?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5936637281134795592.post-61831101439513370752012-06-23T13:45:45.074-07:002012-06-23T13:45:45.074-07:00I drove past the "Solo" development on t...I drove past the "Solo" development on the corner of Willingdon and Grandview Hwy this morning around 11AM and no one one was there but on the way back around 12:30PM there was a line up about a block long on Willingdon to get into the sales centre. I wonder if this was another manufactured line up because it appeared almost from nowhere.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-74886346359827674312012-06-22T20:31:00.043-07:002012-06-22T20:31:00.043-07:00So right Whisperer. Every regulation comes with un...So right Whisperer. Every regulation comes with unintended consequences. Whether the rules are made to hinder speckers or flippers or foreigners they can all lead to pressures building elsewhere. We never really know the outcomes until after the fact.<br /><br />A good understanding of what is really driving the market is essential. In this case I don't think many will argue that easy credit conditions charmed the public into taking risks that were quite rational in light of the economic environment. <br /><br />This is why many have called for some interest rate hikes despite the risks and costs as that is seen as the source of our distortions in places like Vancouver. I like the new set of regs the government and OSFI are introducing though. Tough maybe. They are essential in a world where interest rates must remain low for an extended period of time. <br /><br />At the end of the day it was not monetary policy that would save us from our nesting instincts but rather a sharpened regulatory environment that is just broad enough that everyone can still participate if they choose and no group is singled out. <br /><br />FarmerAnonymousnoreply@blogger.com