Posted on: 21-01-14 00:24:34
LoL !! Rahul is back with his tag line "bhago asmaan gir raha hai ! "
Quote:
Originally posted by san-hugo
LoL !! Rahul is back with his tag line "bhago asmaan gir raha hai ! "
We may agree or not but it's always good to bring a logical discussion than talking about a person. I hope there is counter logic of "Time's" article which is not published by NAR/CREA salesman.
Quote:
Originally posted by rahul_singh23
Quote:
Originally posted by san-hugo
LoL !! Rahul is back with his tag line "bhago asmaan gir raha hai ! "
We may agree or not but it's always good to bring a logical discussion than talking about a person. I hope there is counter logic of "Time's" article which is not published by NAR/CREA salesman.
Thats right! logical counter is required for time's article (of 17 Jan 2014) which is copy pasted from Money Beat ( 14 Jan 2014) , which also is published on Trex Global, greater fool and many more. and same phenomenon observed 6 months back , 1 yr, 1.,5 yr back till you go back atleast 6 years.
Spending 3 minutes on internet, one can dig out the proof of what I said :
2014 Jan 17 - Time
http://business.time.com/2014/01/17/canada-has-its-own-housing-bubble-and-its-about-to-burst/?source=Patrick.net
2014, Jan 14 - MoneyBeat
http://blogs.wsj.com/moneybeat/2014/01/14/canadas-skidding/
2014 Jan 18, Trex Global
http://www.trexglobal.com/property-management/newsletter/is-there-a-canadian-real-estate-bubble
..AND 6 MONTHS EARLIER , same language different title...
2013, May 2 - Rueters
http://business.time.com/2014/01/17/canada-has-its-own-housing-bubble-and-its-about-to-burst/?source=Patrick.net
2013 May 3 - Financial Post
http://www.trexglobal.com/property-management/newsletter/is-there-a-canadian-real-estate-bubble
2013 Aug 22 - Toronto Condo Bubble
http://www.torontocondobubble.com/2013/08/ultimate-guide-to-housing-bubbles.html
Thanks san-hugo. How long market can survive with landed immigrant's money and shrinking job market?
http://www.greaterfool.ca/
a lot of guys who make cars lost their jobs. The sprawling GM plant east of Toronto, in Oshawa, was hit particularly hard. As the truck operation there ceased, almost three thousand people were thrown overboard. Most of them had houses. And mortgages.
First, big layoffs are back with us. Seventeen hundred yesterday at Bombardier. Eight thousand coming at Canada Post. Blackberry exiting Canada. Sixteen hundred at Sears. Heinz. Kellogg’s. Encana. BestBuy. Potash.
Quote:
Quote:
Originally posted by san-hugo
Quote:
Originally posted by rahul_singh23
Quote:
Originally posted by san-hugo
LoL !! Rahul is back with his tag line "bhago asmaan gir raha hai ! "
We may agree or not but it's always good to bring a logical discussion than talking about a person. I hope there is counter logic of "Time's" article which is not published by NAR/CREA salesman.
Thats right! logical counter is required for time's article (of 17 Jan 2014) which is copy pasted from Money Beat ( 14 Jan 2014) , which also is published on Trex Global, greater fool and many more. and same phenomenon observed 6 months back , 1 yr, 1.,5 yr back till you go back atleast 6 years.
Spending 3 minutes on internet, one can dig out the proof of what I said :
2014 Jan 17 - Time
http://business.time.com/2014/01/17/canada-has-its-own-housing-bubble-and-its-about-to-burst/?source=Patrick.net
2014, Jan 14 - MoneyBeat
http://blogs.wsj.com/moneybeat/2014/01/14/canadas-skidding/
2014 Jan 18, Trex Global
http://www.trexglobal.com/property-management/newsletter/is-there-a-canadian-real-estate-bubble
..AND 6 MONTHS EARLIER , same language different title...
2013, May 2 - Rueters
http://business.time.com/2014/01/17/canada-has-its-own-housing-bubble-and-its-about-to-burst/?source=Patrick.net
2013 May 3 - Financial Post
http://www.trexglobal.com/property-management/newsletter/is-there-a-canadian-real-estate-bubble
2013 Aug 22 - Toronto Condo Bubble
http://www.torontocondobubble.com/2013/08/ultimate-guide-to-housing-bubbles.html</font>
This GTA housing market really beats me. I haven't witnessed such a real estate market in the developed states. Some go up for 7 to 8 years and in rare case 10 years. This has really beaten all the odds so far.
What really keep fueling the market ?
I personally witnessed the crazy housing boom in Silicon Valley, they used to say there is no place left to be built, if you don't buy a house, you don't stand a choice in future.
-----------------------------------------------------------------
The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM
Quote:
Originally posted by rahul_singh23
How long market can survive with landed immigrant's money and shrinking job market?
This is getting little bit off the topic..
But this market have been not only surviving but doing very well over number of years. Your kind of attitude had kept the RE market very low before 2003. Canada comes among developed nations category and have been like that with or without immigrant money. The quality of life is much better over here than many other developed nations. Vulnerable poulation such as single moms, low income earners, aged, etc have better chance of survival though rich have to contribute a little bit more. This country has more oil than Saudi Arabia but still have freedom of speech. This country may not be as rich as US but have better gun control and much better record on crime. Rich are not as greedy as to pay 0% tax and cry foul on food stamps. This country may not have population as India, but I dont have to tell how better it is here..
So perception of landed immigrant's money keeping this economy is completely wrong. Dont forget, Canadian economist have been asked to rescue UK's economy. I guess more poor and refugees land here than the ones with lot of money.
So the market had survived and will survive.
Good luck with your safety net investment of life insurance, RRSP, 401k (invested in manipulative Stock market) and renting.
Quote:
Originally posted by bhootnath
Quote:
Originally posted by rahul_singh23
How long market can survive with landed immigrant's money and shrinking job market?
This is getting little bit off the topic..
But this market have been not only surviving but doing very well over number of years. Your kind of attitude had kept the RE market very low before 2003. Canada comes among developed nations category and have been like that with or without immigrant money. The quality of life is much better over here than many other developed nations. Vulnerable poulation such as single moms, low income earners, aged, etc have better chance of survival though rich have to contribute a little bit more. This country has more oil than Saudi Arabia but still have freedom of speech. This country may not be as rich as US but have better gun control and much better record on crime. Rich are not as greedy as to pay 0% tax and cry foul on food stamps. This country may not have population as India, but I dont have to tell how better it is here..
So perception of landed immigrant's money keeping this economy is completely wrong. Dont forget, Canadian economist have been asked to rescue UK's economy. I guess more poor and refugees land here than the ones with lot of money.
So the market had survived and will survive.
Good luck with your safety net investment of life insurance, RRSP, 401k (invested in manipulative Stock market) and renting.
My standing ovation Boothastic ! you nailed it through and through. Allow me to copy paste it and preserve it for Canada basher threads. befitting indeed !
you are not Bootnath, you are Sir Bhootnath !
