tag:blogger.com,1999:blog-7588496932754350322.post1241913793374366985..comments2023-09-10T03:39:48.166-07:00Comments on Alberta Bubble: Back to School Sale-35 Per Cent off in CalgaryUnknownnoreply@blogger.comBlogger519125tag:blogger.com,1999:blog-7588496932754350322.post-89537268054659121642008-09-07T21:46:00.000-07:002008-09-07T21:46:00.000-07:00july 2007 $506,000aug 2008 $440,000dec 2008 $405...july 2007 $506,000<BR/>aug 2008 $440,000<BR/>dec 2008 $405,000<BR/>mar 2009 $390,000<BR/>aug 2009 $360,000<BR/>dec 2009 $290,000<BR/>mar 2010 $210,000<BR/>dec 2010 $190,000<BR/>there is no bottom no bottom what so eversquidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-22508115887231960382008-09-07T21:40:00.000-07:002008-09-07T21:40:00.000-07:00i have never bitched and i have never complainedbu...i have never bitched and i have never complained<BR/>but i am extremely happy to see home prices decrease<BR/>an absolute positive event for the city of calgary and young calgarians and will assist in our cities growth<BR/>i feel sorry for people like jim<BR/>they have no loyalty to a city<BR/>and he doesn't want to work<BR/>he just follows the housing markets where he thinks he can make some free money<BR/>enjoy winnepeg jim<BR/><BR/>you are a classic flipper in trouble waiting to happen<BR/><BR/>ps.calgary home prices are likely to fall 60-70% from todays prices<BR/>of course thats just my opinionsquidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-9431743072591850192008-09-07T21:17:00.000-07:002008-09-07T21:17:00.000-07:00All right people... We all know that Alberta's tak...All right people... We all know that Alberta's taking a shit kicking from a RE standpoint...<BR/>Homes are down 14% from May '07...<BR/>Homes will be down another 15-20% before there is interest again by summer 2010.<BR/>At that point, the home that I sold for $430K in May '08 in North Central Deadmonton will be going for $325K by fall 2010...and I can buy it back for cheap! LOL LOL LOL LOL LOL LOL LOL <BR/><BR/>Maybe only then I will leave Winnipeg - where the RE market is still going up!!!- to re-invest in Deadmonton and Bustberta.<BR/><BR/>Until then, Squids and the gang can keep bitchin'!!!!!!!!Anonymoushttps://www.blogger.com/profile/09720465139024095026noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-21119381425859120792008-09-07T20:43:00.000-07:002008-09-07T20:43:00.000-07:00Not just CA.... look at good ol' rural-ite Minneso...Not just CA.... look at good ol' rural-ite Minnesota!<BR/><BR/><I>About 4 million U.S. homeowners -- including more than 65,000 Minnesotans -- were either behind in their mortgage payments or in foreclosure at the end of June, according to a second-quarter survey released Friday by the Mortgage Bankers Association.</I><BR/><BR/>->Jim_shttps://www.blogger.com/profile/00994819826572974422noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-31496616280433769582008-09-07T20:30:00.000-07:002008-09-07T20:30:00.000-07:00california housing gamblers you wanna be next<A HREF="http://flippersintrouble.blogspot.com/" REL="nofollow">california housing gamblers</A><BR> you wanna be nextsquidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-35293950529472667702008-09-07T20:22:00.000-07:002008-09-07T20:22:00.000-07:00the freddie and fannie bail out has been thrust up...the freddie and fannie bail out has been thrust upon the US tax payers..we now have the feddie<BR/>the stock markets should surge upwards tomorrow then in a couple of weeks be right back to todays value<BR/>the government has done nothing to solve the housing crash<BR/>9% of all US mortgages are in some stage of default<BR/>all the US has done is put a band-aid on a wound that requires amputation<BR/><A HREF="http://housingpanic.blogspot.com/2008/09/end-of-big-ponzi-scheme-9-of-all.html#links" REL="nofollow">this is a HP link</A><BR> half a trillion has been lost so farsquidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-26772421831483947672008-09-07T20:13:00.000-07:002008-09-07T20:13:00.000-07:00RE is done. In AB it's just a waiting game now, t...RE is done. In AB it's just a waiting game now, that's all. The instruction manual as to how this will go has already been printed for Spain, Ireland, Australia, UK, US..... but we're "different".<BR/><BR/>Look at California. If it were a country, it would have the 5th largest global economy. It has Hollywood, major motion picture studios, recording artist studios, beautiful beaches, coastal developments, a population of 36.5 million people, Silicon Valley, Disneyland, is home to some of the largest Fortune 500 companies (Google, Adobe, Sun Microsystems, to name a few) and is a major Pan Pacific hub. Many have called it a wonderland, and some would even say it has <I>Sound Economic Fundamentals</I>.<BR/><BR/>Yet the wonderland has seen significant price declines and record foreclosures. Ya, sure.... we won't have the foreclosures because we didn't have subprime.... Or did we? The global credit bomb and ease with which money was handed out fueled the mania, and everyone jumped in thinking the other guy was an idiot and would buy their specs.<BR/><BR/>I can't believe anyone in their right mind would look at AB and think we are immune to a major correction. What is so special about the place? Name its international appeal? Or, for that matter, national appeal?<BR/><BR/>The fact that housing is where it is and so sticky on price declines also confirms for me that speculation here was major. Specs and developers can't start the domino effect of dropping price, so they throw in a car. But, time will lead them to the brink.<BR/><BR/>It really is just a waiting game now.<BR/><BR/>->Jim_shttps://www.blogger.com/profile/00994819826572974422noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-43275912016966672892008-09-07T19:40:00.000-07:002008-09-07T19:40:00.000-07:00Squid.......That tells me that these places were b...Squid.......<BR/><BR/>That tells me that these places were bought up by SPECS and not end users. Kinda confirms what I had thought all along actually about the rush of apartment condos.<BR/><BR/>Look at Arriva.....2/3 to 3/4 of the blinds are permanently shut on that place. No one is home......ever. Stella is empty......etc....etc....Carioca Canuckhttps://www.blogger.com/profile/13560054096545858201noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-30851882166464695562008-09-07T18:21:00.000-07:002008-09-07T18:21:00.000-07:00i see the lowest under list price is 21% for sept...i see the lowest under list price is 21% for sept..<BR/><BR/><BR/>cc check this out<BR/><BR/><I>"According to Battistella, active listings on the MLS (multiple listing service) of concrete buildings built in the past five years is around 80 per cent, and the standing inventory of finished, but unsold, units is something like 60 per cent."</I><BR/><A HREF="http://www.canada.com/calgaryherald/news/newhomes/story.html?id=5a9121d0-507f-4052-90dc-970ad2be6034" REL="nofollow">empty condos</A><BR> it is a re-post from yesterdaysquidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-76152377989647465452008-09-07T18:06:00.000-07:002008-09-07T18:06:00.000-07:00hi garth-bob. maybe because nobody on here call t...hi garth-bob. maybe because nobody on here call themself a SUPERSTAR like u do.basterdizes ohter blogs [B.O.B]https://www.blogger.com/profile/01492632113141431031noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-5712307042334658382008-09-07T17:57:00.000-07:002008-09-07T17:57:00.000-07:00It's obvious that Garth cannot read. Many a rebutt...It's obvious that Garth cannot read. Many a rebuttal has been posted.<BR/><BR/>-------------------------------<BR/><BR/>Went to a great party last night. A Brasilian friend of mine is packing up and moving to the US. He is a doctor and couldn't get a good job here....a shitty job in the ER of a hicktown yes....but not a good job. So he took a 5 year 6 figure annual contract (he'll get 20% income more than here BTW) with a US hospital doing what his specialty is. He's moving to Arizona where he already knows that he can buy three times as much house for 1/2 the price of his place that he just sold in Calgary.<BR/><BR/>Now here's the story....he sold his place in Calgary in 3 days.....we're close friends, so he talked to me a month ago. Apparently he then priced out the comps in his area. Undercut them all by $50K on his list price and SOLD in 72 hours....and paid his realtor only 3%.<BR/><BR/>At this same party there was a friend of my wife's who has had her townhouse for sale for 4 months now....she was amazed....he told her to price her house relatisically. She said she cannot as she owes too much and also has a line of credit on it that is maxed out.<BR/><BR/>The wife and I went back by taxi to our rental place very content, walked along the river for a bit, then went home and checked our bank balances.<BR/><BR/>Gawd I AM SOOO BITTER.Carioca Canuckhttps://www.blogger.com/profile/13560054096545858201noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-23275719468028865332008-09-07T17:26:00.000-07:002008-09-07T17:26:00.000-07:00squidly said"many have pointed out your mistakesor...squidly said<BR/>"many have pointed out your mistakes<BR/>or your deliberate deceit"<BR/><BR/>The title of this thread(35% off) never happened. Is Gloria deliberately lying or is she just stupid?<BR/><BR/>I pointed this out a couple weeks ago. Make a mistake on here, nobody cares. Why the double standard?garthhttps://www.blogger.com/profile/05691886073524269743noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-68234501141583220762008-09-07T16:16:00.000-07:002008-09-07T16:16:00.000-07:00House down the street - Been on the market for abo...House down the street - Been on the market for about 2 months, waaaaaayyyyyy over priced. They bought for around $460K last year, put in granite CT's, new flooring, paint, kitchen cupboards, appliances. Probably put $30K into it. They think they "should" get $495K.... won't happen.<BR/><BR/>Today had an open house. ZERO visitors.<BR/><BR/>Market has changed. This is just the begining.<BR/><BR/>->Jim_shttps://www.blogger.com/profile/00994819826572974422noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-48780670698227967502008-09-07T12:17:00.000-07:002008-09-07T12:17:00.000-07:00me thinks its going to be a wee bit tougher to get...me thinks its going to be a wee bit tougher to get approved for a mortgage beginning tomorrow<BR/><BR/>this worldwide housing bubble bust<BR/>is going to implode economies worldwide<BR/><BR/>the dominos are falling faster now<BR/>buckle up and hold on its gonna get rough out theresquidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-86992865322970102512008-09-06T21:18:00.000-07:002008-09-06T21:18:00.000-07:00another realtor or spec going brokewanna buy half ...another realtor or spec going broke<BR/>wanna buy half a house for a quater million<BR/><A HREF="http://www.mls.ca/PropertyDetails.aspx?vd=&SearchURL=%3fMode%3d0%26Page%3d1%26vs%3dResidential%26ret%3d300%26sts%3d0-0%26beds%3d0-0%26baths%3d0-0%26aid%3d6451%26MapURL%3d%253fAreaID%253d6279%2526amp%253bSelID%253d5444%26tte%3d1%26tt%3d1%252c2%26mp%3d0-0-0%26mrt%3d0-0-4%26trt%3d2%26of%3d1%26ps%3d10%26o%3dA&Mode=0&PropertyID=7480646" REL="nofollow">HELP HELP HELP..I am outta cash only $225,000 </A><BR>squidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-67251275270207632242008-09-06T21:14:00.000-07:002008-09-06T21:14:00.000-07:00This comment has been removed by the author.squidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-68462320131081444872008-09-06T21:08:00.000-07:002008-09-06T21:08:00.000-07:00This comment has been removed by the author.squidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-70278342103226957082008-09-06T19:37:00.000-07:002008-09-06T19:37:00.000-07:00calgary herald sept 06-08"According to Battistella...<B>calgary herald sept 06-08</B><BR/><I>"According to Battistella, active listings on the MLS (multiple listing service) of concrete buildings built in the past five years is around 80 per cent, and the <B>standing inventory of finished, but unsold, units is something like 60 per cent."</B></I><BR/><BR/>oh boy its started<BR/><A HREF="http://www.canada.com/calgaryherald/news/newhomes/story.html?id=5a9121d0-507f-4052-90dc-970ad2be6034" REL="nofollow">the calgary condo crash has begun</A><BR>squidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-57069956722778518392008-09-06T17:58:00.000-07:002008-09-06T17:58:00.000-07:00Wow, for a minute there I thought this blog had tu...Wow, for a minute there I thought this blog had turned into a commodities blog. While commodities have taken a big hit lately, I believe its just a correction and that the bull market in energy, precious metals, and mining issues will resume in the near future. Unfortunately for Real Estate speculators, there will be no correlating resumption in housing prices. <BR/><BR/>The thing is, the Real Estate bubble had little to do with the commodities market and everything to do with easy credit. Why do I say this? Because housing has been booming all over the world, even in places where commodities had no impact, or even a negative impact. Eastern Canada, the US, Spain - all these booms were based on easy and cheap credit. And its the credit crunch that has caused the collapse in housing. To a certain extent, the credit crunch has also caused a correction in commodities as hedge funds had to liquidate positions. Fortunately the commodity sector still has market fundamentals going for it, unlike the housing sector.<BR/><BR/>And I just heard that Fannie Mae and Freddie Mac are going to be taken over by the federal government this weekend so it will likely be a wild day on the markets on Monday. Keep your powder dry.West Coast Easyhttps://www.blogger.com/profile/05721412724175995348noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-35758576698176400382008-09-06T15:04:00.000-07:002008-09-06T15:04:00.000-07:00Holy sheet you guys are the biggest bunch of pessi...<I>Holy sheet you guys are the biggest bunch of pessimists I've ever come across. I have a friend who I thought was a pessimist, but compared to you lot, I now think he's actually an optimist.</I><BR/><BR/>I like your posts when you use the 'stormy petrel' ID instead of the 'mr neil retired' ID. That's because you turn your babelizer on to translate your post into bad English. The problem is that when it's plain English I have to read the post before I know it's nonsense. Stop wasting my time--> use the stormy petrel ID instead.stormy petrel = mr. neil retiredhttps://www.blogger.com/profile/10330330326463920039noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-82357423466506455912008-09-06T14:54:00.000-07:002008-09-06T14:54:00.000-07:00“I’ve been run off my feet,” Perras said. “July wa...<I>“I’ve been run off my feet,” Perras said. “July was ridiculously busy and August has been ridiculously busy, and when it shows in the numbers, it’s not just me.”</I> <BR/><A HREF="http://realestateincanada.wordpress.com/2008/09/06/home-sales-spike-as-prices-sag/" REL="nofollow">warning..this is a bullish article</A><BR>posted as comedy<BR/>heres the run away sales hes blabbing about <BR/><A HREF="http://4.bp.blogspot.com/_dDw9BOFM_C4/SL85KHX6DnI/AAAAAAAAAPk/ncuNXdHF1jI/s1600-h/EdmontonMonthlySales.jpg" REL="nofollow">it shows in the numbers</A><BR>squidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-25381459132016979292008-09-06T13:58:00.000-07:002008-09-06T13:58:00.000-07:00I don't know about that one Neil. The newspapers h...I don't know about that one Neil. The newspapers have been printing the real estate perma bull speel since day one. It was refreshing to see an opinion outside the endless pump from the real estate industry.Dalihttps://www.blogger.com/profile/04369213400076173427noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-89881294091368523712008-09-06T13:25:00.000-07:002008-09-06T13:25:00.000-07:00Neil,It is not that people on here are all pessimi...Neil,<BR/><BR/>It is not that people on here are all pessimists and hate life, it is that they are realists. Just because everything is not all rosey does not make us pessimists.<BR/><BR/>I don't parade around the housing crash, because it hasn't happened YET. This is only the beginning IMO. However, realistically the facts are there. Just like we could not deny the fact that prices were rising, there is no way to deny the fact that prices are now falling, significantly. 10K here and there is nothing to scoff at. <BR/><BR/>The delisted inventory that did not sell will likely go re-list sooner or later or go into the rental market asap. Once some of those speculators realize renting out is not as easy as it seems (be it because of tenants or because of inability to rent for enough to cover the mortgage payments) a flood of listings are due to show up on the MLS. <BR/><BR/>People talk about the potential "pent up demand"... that is wishful thinking as there is no way to properly measure this. Realistically we can talk about the "pent up supply", since we can indeed measure the de-lists, and can indeed measure vacant properties, and can indeed measure new builds coming online. It's a little something called "visibility". I don't know about you, but if I were a gambling man, I know what I'd put my money on.<BR/><BR/>And I was quite lucky to be able to call a top in Fall 2006, though I was a little early I am glad I got out of the race when I did. Remember, it's not pessimism, its realism...you've got to ebb and flow with the current market, there is no "bull or bear for life".worldclasshttps://www.blogger.com/profile/04578447684885648176noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-73832268083574728032008-09-06T13:04:00.000-07:002008-09-06T13:04:00.000-07:00And that's it for me on this blog. So Adiós amigos...<I>And that's it for me on this blog. So Adiós amigos, it was fun. <B>Will still read though</B></I><BR/><BR/><BR/>At least you know where to get your source of accurate, timely information.<BR/><BR/>But I wouldn't read here, Neil. The truth on here flies against your illicit hangover fantasies. All it will do is just make you mad, like it did yesterday when Squid first posted the O/G carnage going on.<BR/><BR/>BTW.... those "real stats" you posted only go up to 2007. The <A HREF="http://www.globeinvestor.com/servlet/story/RTGAM.20080905.wbankruptcy0905/GIStory/" REL="nofollow">bankruptcy link</A> I gave was up to and including July 2008... why are you quoting old numbers and trying to push your BS on us? I can't imagine someone investing in the stock market based on 9 month old data.....<BR/><BR/>->Jim_shttps://www.blogger.com/profile/00994819826572974422noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-18873799644857531952008-09-06T12:43:00.000-07:002008-09-06T12:43:00.000-07:00Calgary based Pointe of View developments is about...Calgary based Pointe of View developments is about to complete a massive $210 million condo in San Diego... And only 43% of the building is sold.<BR/><BR/>OUCH!<BR/><BR/><A HREF="http://www.voiceofsandiego.org/articles/2008/09/05/housing/868vantagepointe090508.txt" REL="nofollow">Pointe of View Developments News Article</A>Radley77https://www.blogger.com/profile/14825702358596382959noreply@blogger.com