tag:blogger.com,1999:blog-5936637281134795592.post5777666379247644301..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Wed Post #1: What will the government do with a stubborn real estate market? Hit it again, of course.Unknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5936637281134795592.post-15586089558377809572013-09-04T11:49:56.962-07:002013-09-04T11:49:56.962-07:00Is it only me feeling odd about 2 of the R/E bear ...Is it only me feeling odd about 2 of the R/E bear blogs I am following are on halt.<br />(Vancouver Price Drop, Flipperss in Trouble)<br />Especially VPD used to post frequently, but no more updates.<br />Whisper, I am glad you are back for regular postings. Thank you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-9947041243655288042013-09-04T09:44:53.348-07:002013-09-04T09:44:53.348-07:00The problem is.... "You can't legislate c...The problem is.... "You can't legislate common sense.."<br /><br />Cheers,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-47315963511179088722013-09-04T08:05:33.932-07:002013-09-04T08:05:33.932-07:00The problem is, lower house prices are _not_ a pri...The problem is, lower house prices are _not_ a priority in Ottawa. If they were, Flaherty wouldn't be crowing about how Canada "avoided a housing bubble". Instead, he would be warning Canadians that we _are_ in a bubble and anyone buying now should expect to lose money during the correction.<br /><br />Bubbles are driven by emotion. They don't pop until there is fear in the market. As long as Ottawa (and the media) keeps telling people everything is ok, the bubble will continue.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-22589739859415389622013-09-04T06:03:49.196-07:002013-09-04T06:03:49.196-07:00The only problem with the govt trying to save fina...The only problem with the govt trying to save financial morons from themselves. <br />Morons tend to blame the wrong person for their misfortune.<br />In this case, the govt. <br />As Canada encroaches ever closer to another election year. The govt will have to act and act soon to bring this foolishness to a conclusion.<br /> The govt will either "let it ride" and pray the house of cards doesnt all come crashing down before an election year OR Deal with it now in the hopes that the real estate wont still be a smoldering ruin in a few years hence.<br /> Both scenarios assume real estate will tank. Not a great future for home owners with massive debt.Anonymousnoreply@blogger.com