tag:blogger.com,1999:blog-5936637281134795592.post3079794366408137588..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Media notes R/E groups attempting to "calm fears of a local housing crash"Unknownnoreply@blogger.comBlogger10125tag:blogger.com,1999:blog-5936637281134795592.post-25483919621836696892012-10-27T18:16:30.529-07:002012-10-27T18:16:30.529-07:00ascertains ->assertionsascertains ->assertionsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-61164138582082720252012-10-27T13:38:44.972-07:002012-10-27T13:38:44.972-07:00What incentive is there for the media to paint a b...What incentive is there for the media to paint a bleaker picture? The media is funded by the RE industry.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-34588865444905727812012-10-27T13:38:13.359-07:002012-10-27T13:38:13.359-07:00
What colour is BS with rose colored glasses on, d...<br />What colour is BS with rose colored glasses on, does it smell different?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-76666646379097497192012-10-27T11:44:44.966-07:002012-10-27T11:44:44.966-07:00You have to take both sides with a grain of salt. ...You have to take both sides with a grain of salt. The media is incentived to paint a bleaker picture, just as the real estate associations are driven to speak with rose colored glasses on. The truth is closer to the middle. Saanich Real Estatehttp://saanichrealestate.netnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-19183351811613037552012-10-27T10:46:28.621-07:002012-10-27T10:46:28.621-07:00And lotsa D'oh (!) for the buyer too.And lotsa D'oh (!) for the buyer too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-28146064525560229202012-10-27T10:07:00.049-07:002012-10-27T10:07:00.049-07:00Cartel will do or say what ever it takes lotsa dou...Cartel will do or say what ever it takes lotsa dough at stake.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-76525495431000890032012-10-27T08:28:25.260-07:002012-10-27T08:28:25.260-07:00It may be that everyone "wins" in that c...It may be that everyone "wins" in that contest...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-79719743661519742782012-10-27T06:53:08.812-07:002012-10-27T06:53:08.812-07:00Especially since some developments (one in Richmon...Especially since some developments (one in Richmond comes to mind) are offering a new car with the purchase of every townhouse.<br /><br />No draw, no doubt about whether or not you will get one, you GET a car when you purchase the townhouse.<br /><br />Why would an 'entry' for a car lottery even appeal in this milieu?Whispererhttps://www.blogger.com/profile/03524022285962626228noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-82661854257128978962012-10-27T06:38:28.893-07:002012-10-27T06:38:28.893-07:00I saw a new sign the other day: "Win a car if...I saw a new sign the other day: "Win a car if you purchase this house."<br /><br />The scam is that anyone who buys from this particular real estate office (don't know how many agents), during the month, is 'entered' to win a car.<br /><br />Just buy a lottery ticket already. It would be a lot cheaper than working 25 years to pay off an oversized mortgage just for a 'chance' to win some clunker they are trying to give away.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-23871102070457931022012-10-27T02:26:59.312-07:002012-10-27T02:26:59.312-07:00Words of wisdom from Ludwig Von Mises as noted the...Words of wisdom from Ludwig Von Mises as noted the other day on the Chris Martenson site....<br /><br />"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner, as the result of a voluntary abandonment of further credit expansion, or later, as a final and total catastrophe of the currency system involved".<br /><br />It is clear to me that the route the Government has chosen is voluntary abandonment of credit expansion through the auspices of OSFI, regulatory changes and a refusal to expand the credit limits of CMHC. This is the correct choice but it will certainly bring some pain. Judging by the experience of Spain and others, the slowdown in the economy that we will suffer is far preferable to the economic collapse others are enduring. The entreaties of the real estate organizations should therefore be ignored. They are not speaking in the interests of the people of Canada nor of the retail economy. Even the obvious prospects of pending and future jobs losses need to be ignored. These are an anticipated outcome of self imposed restraint and withdrawal from a false growth model. In the long run we will all be better off for having taken our medicine if we want to maintain a strong bouyant economy into the future.<br /><br />FarmerAnonymousnoreply@blogger.com