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PostPosted: Sun Jul 16, 2017 10:34 pm 
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Sounds scatological.

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PostPosted: Sun Jul 16, 2017 10:50 pm 
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B&T402 wrote:
Sounds scatological.
Just say you think it's all shit, OK I had to look it up already.

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PostPosted: Mon Jul 17, 2017 7:31 am 
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Carl wrote:
Read that blog, one thing that is 100% correct is you love your job and work harder as ever.

You only have big problem if there is a problem with the job in hand.


What this mean?


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PostPosted: Mon Jul 17, 2017 6:03 pm 
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Hodor wrote:
Burrcold wrote:
Nobody from the original thread is even around anymore, but Kyle and Jay is exactly right. Slight "deline" over a humongous increase. I'm sure the idiots that bought into that original thread and sold their houses to go rent, are beating themselves senseless everyday.


Who said the deline is finished?

Image

That would have been the
Nortel bulltrap

Stocks started sliding,big money bid it up a little and
headed for the lifeboats whilst smalller
investors,sensing a rebound,hopped in
and went down the ship

The Deat Cat ride

Big Money in the case of Mattamyville
being the banks holding
those mortgages

So folk will try to extend the
term of amortization up
5 to 10 years as those
monthly mortgage payments get to be
too much too handle
as real life takes its toll on them


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PostPosted: Mon Jul 17, 2017 6:19 pm 
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correction

Dead Cat Bounce:even a dead cat,if tossed off a high enough
building,will bounce up briefly.

In the end Nortel was a dead cat.


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PostPosted: Wed Jul 19, 2017 1:30 pm 
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If you have income to cover your mortgage and living expenses, no matter when you bought, then you don't have a problem.
Raise your family and don' worry about it, real estate prices will be higher in 25 years because the government always inflates money.

If you bought and were counting all the money you are going to make, you might have a problem,
but its a problem of your own design. Reconsider your priorities so it doesn't affect you family.

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PostPosted: Thu Aug 03, 2017 10:57 pm 
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http://www.greaterfool.ca/2017/08/03/the-landing-6/

Image

(Where'd this image go? Present in the preview, absent in the post...)

Quote:
What does it mean?

Clearly that the market’s cascading towards a bottom not yet in sight. As the real estate boss said when releasing the sour stats, it ain’t the result of a foreign buyer’s tax, but rather because the locals – who thought houses could never falter – are freaking out.

“A recent release from the Ontario government confirmed TREB’s own research which found that foreign buyers represented a small proportion of overall home buying activity in the GTA. Clearly, the year-over-year decline we experienced in July had more to do with psychology, with would-be home buyers on the sidelines waiting to see how market conditions evolve.”

Psychology made the market go up – FOMO, the fear of missing out. Now psychology’s created a collapse – the fear of not getting out. It’s human nature on display. We buy high. We sell low. Most people lose because they act like lemmings. Cute but moronic.

Quote:
Equally threatening are skinny appraisals. With rapidly changing market conditions, lenders are being excessively cautious as they evaluate the amount of financing they’re willing to put on a house that lost 17% of its value in the last three months, and may lose 20% more by Thanksgiving. Many buyers are coming up short by tens (or hundreds) of thousands – unable to close deals they entered into with no financing condition.This disorderly collapse of transactions the realtors already counted and included in their stats will shock many people in the months ahead. It is the ugly underbelly of the greed, speculation and house lust that created 30% monthly price gains. If you are a defaulting buyer or a jilted seller, understand there’s no good outcome.

This week’s market report sends a clear signal to purchasers yet to close. You’re reaching for a falling knife.

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Last edited by B&T402 on Fri Aug 04, 2017 9:56 am, edited 1 time in total.

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PostPosted: Fri Aug 04, 2017 8:32 am 
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Looks like the house of cards that the Realtors helped build might finally be falling apart.

Perhaps the GTA will collapse first, then recover while YVR has its turn and I can cash out and move on to greener pastures! Or, maybe our entire Canadian economy will get right f*** and my friends and family will possibly face unemployment...


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PostPosted: Fri Aug 04, 2017 9:55 am 
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Yep, some of those MOFOs really know how to work the FOMO angle, it's their essential skill. But we should blame the organization from the top down including complicit governments for all of this, it was a team effort. There are plenty of honourable agents at ground level with a conscience about their work, but what keeps the machine running is weasels leading fools into ever deeper water. Some pretty sad stories floating around now.

Also, I'm not sure this will do too much damage to our employment numbers, except maybe agents themselves (their numbers will plummet), and home services, financial services etc. that were largely tied to the real estate racket. Again, wait and see I guess.

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PostPosted: Tue Nov 14, 2017 8:49 am 
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Hodor wrote:
Who said the deline is finished?

Image

Totally agrree. Great chart.

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PostPosted: Tue Nov 14, 2017 11:22 am 
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The problem with the Realtor setup is they are commission-based representatives in a highly emotion-driven business. It’s tantalizingly easy to take advantage of people.

A few greedy shady realtors spoil it for the majority who just want to make an honest living.


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PostPosted: Tue Nov 14, 2017 4:02 pm 
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B&T402 wrote:
http://www.greaterfool.ca/2017/08/03/the-landing-6/

Image

(Where'd this image go? Present in the preview, absent in the post...)

Quote:
What does it mean?

Clearly that the market’s cascading towards a bottom not yet in sight. As the real estate boss said when releasing the sour stats, it ain’t the result of a foreign buyer’s tax, but rather because the locals – who thought houses could never falter – are freaking out.

“A recent release from the Ontario government confirmed TREB’s own research which found that foreign buyers represented a small proportion of overall home buying activity in the GTA. Clearly, the year-over-year decline we experienced in July had more to do with psychology, with would-be home buyers on the sidelines waiting to see how market conditions evolve.”

Psychology made the market go up – FOMO, the fear of missing out. Now psychology’s created a collapse – the fear of not getting out. It’s human nature on display. We buy high. We sell low. Most people lose because they act like lemmings. Cute but moronic.

Quote:
Equally threatening are skinny appraisals. With rapidly changing market conditions, lenders are being excessively cautious as they evaluate the amount of financing they’re willing to put on a house that lost 17% of its value in the last three months, and may lose 20% more by Thanksgiving. Many buyers are coming up short by tens (or hundreds) of thousands – unable to close deals they entered into with no financing condition.This disorderly collapse of transactions the realtors already counted and included in their stats will shock many people in the months ahead. It is the ugly underbelly of the greed, speculation and house lust that created 30% monthly price gains. If you are a defaulting buyer or a jilted seller, understand there’s no good outcome.

This week’s market report sends a clear signal to purchasers yet to close. You’re reaching for a falling knife.



I do miss reading " the Mayor of Milton" comments to Garth's blog, always would put a smile on my face


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