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Originally posted by Maharaj

Exactly ... The whole point is to not use CHARCHA for Marketing/Advertising. 'Classifieds' Section is Meant for that. Use that.

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Recommended Services- Servicedomino.com
http://www.servicedomino.com

I agree with jake3d. I have benefited by several knowledgeable posts by amit/pramod etc. And it helps to know that they are qualified professionals in their respective area. It just adds more credibility to the posts.

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Originally posted by jake3d
So as long as the pros are providing free service to the community(via being involved), and its not just all TAKE, I'd just ignore the signatures if its a problem.

Maharaj you should put a link to your website/biz in your sig too , I'm sure you would provide good service to the community if you get more business via CD.

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Mumbai Maazi Ladki ...

Now realtors/banks are giving advice to parent that you should help your kids to buy houses/own place as housing price is too high. Just to running the show at last stage at bubble all are trying to make last $ asap.

If we follow the classic bubble deflation cycle which has the following stages:

-Ridicule
-Denial
-Concern
-Fear/Panic
-Near hatred of asset class

then we are somewhere in the denial/concern stage

Quote:

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Originally posted by rahul_singh23
If we follow the classic bubble deflation cycle which has the following stages:

-Ridicule
-Denial
-Concern
-Fear/Panic
-Near hatred of asset class

then we are somewhere in the denial/concern stage

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What does US sub-prime have to do with us? This question keeps coming back to haunt us here. This is my take on it, but please add to this or call me out if it does not look correct:

1. The bank that lends you money for your mortgage sells this debt to wall street and it hits the market as a CDO or part of a hedge fund. These products are not worth the paper they are printed on due to sub-prime abuse and foreclusures (note several hedge fund implosions of late). Now the market is leery of buying mortgage backed secruites and will demand higher compensation for the risk. This means it will get harder for banks and mortgage lends to pass off crap and mortgages in general...or the banks will have to be the final holders and they will not take risks without serious reward (check the service charges on your savings account).

2. There are some companies doing the sub-prime there and operating here. More and more, we are seeing exotic and long term loans here as well. Those firms and mortgage prodcuts will not be accepted favourably by invetors and may dissapear (hence, less buyers as less people can qualify - if they could qualify with a normal mortgage, presumably the would).

3. Some of the banks and lenders here are surely investing in these CDOs and hedge funds down south. As they accumulate losses they will get risk averse to mortgage backed investments...requiring a higher risk premium or shying away from these ivnestments all together. CIBC recently announced sizeable losses directly related to US sub prime.

4. Some other effects that are harder to anticpate would be market mentality and wealth effect (no more flip that house on Canadian tv...lots of news about how bad the market is there may spook investors here). Mortgage equity withdrawls will become harder and pricer...not sure how many people use these to fund purchases, but that may soon end.

I got some weird calls yesterday. Someone/some company keeps calling me to ask if I want to sell my condo as there are buyers looking to buy. I bought my condo recently and love it so have no intention of selling it but found it strange. How do they know my number and that I own a condo? Anybody else ever got these type of calls?