tag:blogger.com,1999:blog-7588496932754350322.post1581672870056531329..comments2023-09-10T03:39:48.166-07:00Comments on Alberta Bubble: Weekend Open ThreadUnknownnoreply@blogger.comBlogger533125tag:blogger.com,1999:blog-7588496932754350322.post-67925801065018961402008-09-26T11:07:00.000-07:002008-09-26T11:07:00.000-07:00neil you wasted your rant theres a new post upneil you wasted your rant theres a new post upsquidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-3211535904558121682008-09-26T11:00:00.000-07:002008-09-26T11:00:00.000-07:00Piet HeinDon't know if you know this, but we're no...Piet Hein<BR/><BR/>Don't know if you know this, but we're not part of the US just yet.BGMRAhttps://www.blogger.com/profile/13034877059119778629noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-11406832270233615332008-09-26T10:59:00.000-07:002008-09-26T10:59:00.000-07:00Jim_SRead my previous posts again, I never said pr...Jim_S<BR/><BR/>Read my previous posts again, I never said prices will rise in the spring (even though technically they did), I always said prices will CORRECT, but not CRASH. And I never said Oil/Gas prices have a direct correlation to prices, I said the have an indirect correlation and were the catalyst to the prices increases in housing to start with. I also stated that the Oil/Gas prices will be the one thing that will keep this economy rolling even when the rest of North America is going through a recession. <BR/><BR/>You bunch of dim wits are the only ones saying that, I or any other so called bull on this site; said prices will rise or that oil/gas prices has a direct impact on housing prices. You idiots just read what you need to read to make it fit your idiotic conclusions. You hardly ever read past the headlines, but yet take those same headlines as the gospel truth. And if anyone post anything that of any substance you take those words and manipulate them into some idoit arguement that fits you moronic views. It's like arguing with a bunch of kids, "I know you are but what am I" mentality. Why do you think Stormy posts the way he does, he's learned from the best and he's learned it's the only thing you bunch seem to understand. And yes, even I at time have resorted to your child like tactics because that's all you idiots seem to comprehend.<BR/><BR/>The only statement I posted on price direction, besides stating that prices will CORRECT, was that I said prices will stay flat from Oct 2008 onwards. And yes before you morons start posting the meaning of FLAT, I know what flat means. But I'm using flat as it relates to realestate or markets in general. This meaning means that price will flucuate up and down in a narrow price band. So if prices go down from Oct to Dec and back up from Dec to Apr that's what flat is as it relates to markets. Now do you think you grasp that meaning, if not I will try and find a better one. Now go ahead and start searching my previous posts for anything to post wrong. <BR/><BR/><BR/>And as far as Squidly and his Upgraders go, wait a couple of months, things will change again. This ain't 1982 and it never will be again. Why, because what happened then can't happen now PERIOD, we live in a completely different fiscial and resource dependant world than we did back in the 80's. But I guess being a bunch of short term thinker who can't think past tommorrow gives you a restricted view on the world in general. I really don't know how you bunch made it this far in life.<BR/><BR/>So bring on the rebuttals....LOL<BR/><BR/>PS <BR/><BR/>And Jim_S... every story you and your bunch of cohorts post links to, states that it's a shortage of manpower for the problems in Alberta. So tell me again what is the cause of inflation in Alberta. Cost-push by commodity price increases or Cost-push by wage demands due to a shortage of workers.BGMRAhttps://www.blogger.com/profile/13034877059119778629noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-52810533890195258952008-09-26T10:35:00.000-07:002008-09-26T10:35:00.000-07:00Here's a snippet from CR blog:JPMorgan presented t...Here's a snippet from CR blog:<BR/><BR/><I>JPMorgan presented three scenarios: a base case (with national prices falling 25% peak to trough), a deeper recession (28% decline), and a severe recession (37% decline).<BR/><BR/>Currently the Case-Shiller futures are predicting a 33% decline peak-to-trough, Goldman is forecasting 27%, and Lehman was forecasting 32%.</I><BR/><BR/>Wow, best case in the U.S. is 25% drop in prices peak to trough. Can we be far behind? I think not. Can anyone say "$150/sq.ft in Mount Royal"?<BR/><BR/>Hey Mr. Neil, you're always optimistic, so I guess you'd be forecasting the optimistic 25%?Piet Heinhttps://www.blogger.com/profile/01773627558651801162noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-7425160632032284332008-09-26T10:31:00.000-07:002008-09-26T10:31:00.000-07:00squidly, DOW is up for the day and the TSX is rall...squidly, DOW is up for the day and the TSX is rallying. Expect to see +800, after all it's Friday and the big boys want to close the week with money in their pocket duped from the little fish who think they're big.Piet Heinhttps://www.blogger.com/profile/01773627558651801162noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-3976445179929547962008-09-26T10:28:00.000-07:002008-09-26T10:28:00.000-07:00Stormy, just stop being such as asshole and leave ...Stormy, just stop being such as asshole and leave your perversions in your closet. God is spelled with a capital "G" ... It isn't that He doesn't love you as you believe. Rather, think of it as a "time out" given to little children. Think things over and come to your senses; the "time out" can be over whenever you want.Piet Heinhttps://www.blogger.com/profile/01773627558651801162noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-78990142539890344082008-09-26T09:48:00.000-07:002008-09-26T09:48:00.000-07:00TSX down 513 points and falling scared yet..<A HREF="http://www.ctv.ca/business" REL="nofollow">TSX down 513 points and falling</A><BR> scared yet..squidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-3344332968003161772008-09-26T09:46:00.000-07:002008-09-26T09:46:00.000-07:00Piet Hein [Kumbel {tombstone{]I know I know. My li...Piet Hein [Kumbel {tombstone{]<BR/><BR/>I know I know. My life is a nightmare.<BR/><BR/>I know god loves you and thinks I am a dink. My life has been one of debauchery. Simply Dreadful.<BR/><BR/> Misty Harris of the Province Paper reported yesterday on cutting edge perfumes. These so-called “narrative perfume” will trigger a certain a time, place, or experience.<BR/><BR/>Holt Renfrew has one called “Olfactory Coitus” [I am simply quoting Misty] due to its notes of bodily fluids.<BR/><BR/>We now have a new definition of a nose job. Eh. <BR/><BR/>Sorry, R/E news is a little boring right now.Stormy Petrelhttps://www.blogger.com/profile/15062050673244964353noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-88937819375831362692008-09-26T09:35:00.000-07:002008-09-26T09:35:00.000-07:00The pipeline will have a total capacity of 1,100,0...<I>The pipeline will have a total capacity of 1,100,000 barrels per day (175,000 m³/d), which would be expanded later up to 1,500,000 barrels per day (238,000 m³/d). The diameter of the pipeline is 36 inches (910 mm).[8] The pipeline will be buried 4 feet (1.2 m) under the ground.[7]The whole pipeline is expected to cost US$12.2 billion, and to be completed by 2012.[8]</I> <A HREF="http://en.wikipedia.org/wiki/Keystone_Pipeline" REL="nofollow">if you live in alberta you realy need to click this link</A><BR> i warned readers about this pipeline a year ago<BR/>shortly after it was passed<BR/>but the neils and the mikes of this greedy world preferred gulping the msm kool-aid<BR/><B>all those proposed upgraders were deflections to keep the citizens away from the real issue<BR/>the alberta tories sold us out<BR/>wasting 500 million on a never to be upgrader is a pittance to the billions at stake</B><BR/>its too late now..you all bought into the scam<BR/>the pipeline is under constuction as i type and all the upgraders with the exception of shell have been permanatly cancelledsquidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-13791022171312982352008-09-26T09:16:00.000-07:002008-09-26T09:16:00.000-07:00and years and yearsand years and yearssquidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-760560383542631182008-09-26T09:12:00.000-07:002008-09-26T09:12:00.000-07:00RE: Squids post on the upgrader being shelved.Whe...RE: Squids post on the upgrader being shelved.<BR/><BR/>When a home owner gets fiscally responsible and cuts back on spending during financial unrest, they are seen as prudent.<BR/><BR/>When a business does it, we get these kinds of naive comments:<BR/><BR/><I>"What I find really disturbing is that this project was started, and they have already spent a lot of money on this," Olesen said.</I><BR/><BR/>So what! If a homeowner has spent a lot of money on a car, but decides it's no longer feasible to keep, they get rid of it. The past is the past.... makes no difference "how much was already spent".<BR/><BR/>After the banks all get hammered from this credit crisis, the next to feel it will be the corporations. This credit turmoil will go on for YEARS.<BR/><BR/>->Jim_shttps://www.blogger.com/profile/00994819826572974422noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-59485543603696544632008-09-26T09:06:00.000-07:002008-09-26T09:06:00.000-07:00Stormy, I have a Grook for you, regarding how Freu...Stormy, I have a Grook for you, regarding how Freud's views of the psyche are so fittingly applied to you:<BR/><BR/>Everything's either<BR/> Concave or -vex<BR/>So whatever you dream<BR/> Will be something with sex<BR/><BR/>Most people grow out of their perverted views of sex and toilet subjects in childhood or infancy. What happened to you? Drugs? Your mother dropped you as an infant and you landed on your head? Or is that God has abandoned you to your darkened heart and you have become blind even to seeing yourself as you are?Piet Heinhttps://www.blogger.com/profile/01773627558651801162noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-54333907790183496312008-09-26T08:46:00.000-07:002008-09-26T08:46:00.000-07:00Shelving of the heavy-oil upgrader raises economic...<I>Shelving of the heavy-oil upgrader raises economic 'storm flags' <BR/>EDMONTON - "The storm flags are up, people have to pay attention to what is happening here."</I><BR/><A HREF="http://www.canada.com/edmontonjournal/news/business/index.html" REL="nofollow">BOOM GOING BUST RIGHT BEFORE YOUR EYES</A><BR>squidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-31695961040199753702008-09-26T07:55:00.000-07:002008-09-26T07:55:00.000-07:00pity all the folks that bought in 2007-08..soon we...pity all the folks that bought in 2007-08..soon we will pity all the buyers from 2005-06<BR/>well you might..i wont<BR/>the end is nighsquidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-26800112974021025512008-09-26T07:51:00.000-07:002008-09-26T07:51:00.000-07:00"Interest rates increases. When rates go from 5% t...<I>"Interest rates increases. When rates go from 5% to 7%, that's a 40% increase in the amount of interest a buyer has to pay. House prices must drop proportionately to compensate. The housing bust still has a very long way to go."</I> <BR/>interest rates have now gone from 3.7% in 2004 to 7.2% (5yr fixed) in 2008 and going higher fast<BR/>goodluck renewing your 5 year HELOCED mortgage from here on in<BR/><BR/>people with variable (adjustable) mortgages will shortly get crushed<BR/>only a fool would get a variable rate mortgage in these uncertain times..of course your realtor will reccomend one for you..that way you can pay moresquidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-38097994284179848302008-09-26T07:44:00.000-07:002008-09-26T07:44:00.000-07:00TORONTO, September 25, 2008 – BMO Bank of Montreal...TORONTO, September 25, 2008 – BMO Bank of Montreal announced today it is increasing its residential mortgage rates, effective September 26, 2008. The new rates are:<BR/><BR/>Fixed Rates: To: Change: <BR/>6 month fixed convertible 6.21% 0.00% <BR/>6 month fixed open 8.01% 0.00% <BR/>1 year fixed open 8.80% 0.00% <BR/>1 year fixed closed 6.65% 0.00% <BR/>2 year fixed closed 6.70% 0.00% <BR/>3 year fixed closed 7.05% +0.35% <BR/>4 year fixed closed 7.04% +0.35% <BR/>5 year fixed closed 7.20% +0.35% <BR/>6 year fixed closed 7.45% +0.35% <BR/>7 year fixed closed 7.65% +0.35% <BR/>10 year fixed closed 8.00% +0.35% <BR/>18 year fixed open 8.95% 0.00% <BR/>The Five-Year Protected Variable Rate ceiling changes to 7.20%.squidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-51658114185775397662008-09-26T07:35:00.000-07:002008-09-26T07:35:00.000-07:00CBC today reports the Cocaine consumption in Alber...CBC today reports the Cocaine consumption in Alberta is driven by the Upper middleclass and novo rich.<BR/>Until you folks use calculations that include the underground economy you pronouncements will always be incorrect. For example rising inventory is not leading to a corresponding decrease in Price.<BR/>Ceeartea recommended yesterday a book addressing the rolls in the snow by Wall St. Bankers.Stormy Petrelhttps://www.blogger.com/profile/15062050673244964353noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-23474754371228762852008-09-26T07:26:00.000-07:002008-09-26T07:26:00.000-07:00Logical consistencyWonderful to hear from you.I se...Logical consistency<BR/><BR/>Wonderful to hear from you.<BR/><BR/>I see you have gained your release from jail for those pesky morals charges.<BR/><BR/>You write, <BR/><BR/>“if you stroke kindling fast enough, you can start a fire. That's the origin of the "stroke --> fire" analogy which takes various forms. In your case, you refer to stroking ego to start a fire. Well enough so far. But then it's not "spontaneous", is it you idiot?”<BR/><BR/>The “spontaneous” modifies his stick not his ego ego. <BR/>See I am right again.<BR/><BR/>Your tone suggests you may have been a victim of “Spontaneous” affection while incarcerated.Stormy Petrelhttps://www.blogger.com/profile/15062050673244964353noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-74313674519884577272008-09-26T01:15:00.000-07:002008-09-26T01:15:00.000-07:00Re: Calgary & Edmonton HousesNot only will the...Re: Calgary & Edmonton Houses<BR/><BR/>Not only will the prices fall below 200k... <BR/>They'll be selling 2 for 1Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-32624328695432092532008-09-26T01:05:00.000-07:002008-09-26T01:05:00.000-07:00Bush's Backup to the Backup PlanWith a little help...Bush's Backup to the Backup Plan<BR/><BR/>With a little help from his friends:<BR/><BR/>THE BILL CLINTON GOLF CLASSIC<BR/>"THE ZIPPER OPEN"<BR/><BR/>Save Our Bankers!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-30172430966350754592008-09-26T01:00:00.000-07:002008-09-26T01:00:00.000-07:00Bush's Back Up Plan if Congress shoots down bail o...Bush's Back Up Plan if Congress shoots down bail out.<BR/><BR/>WE NEED YOUR HELP<BR/>1st ANNUAL MILES FOR MILLIONAIRES WALK<BR/><BR/>With your help…<BR/>Bankers will keep their homes, jobs and have enough to eat.<BR/><BR/>With your help…<BR/>Poor bankers will get through the hard times.<BR/><BR/>Dust off those sneakers and say YES to a good cause!<BR/><BR/>Sign up Now! Contact: Bernadette DailyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-30421374053637180412008-09-25T23:41:00.000-07:002008-09-25T23:41:00.000-07:00I am so glad I took my money out of my RRSP mutual...I am so glad I took my money out of my RRSP mutual funds last June and put it all into an RRSP savings account earning 3% (its not much but its not negative).<BR/><BR/>:<BR/><BR/>Van said... <BR/>Nikkei/Hangseng/and FTSE all down. -2 to -2.8%! That's 400-600 pts for the nikkei and hangseng.<BR/><BR/>Wait til you wake up. The markets are going to get hammered. How long do you this this euphoric era of credit was going to last? It's actually good for the economy to correct itself after such a huge surge. If you didn't take your money out in June you're screwed unless you plan to keep it there for 25 years. <BR/><BR/>I don't plan to keep my money in funds for 25 years so I took my money out in June (I did you ask? Yes I did, all outta RBC funds and into savings cuz I plan to cash out in dec for some spending:)). <BR/><BR/>I plan to buy once the market drops again...when will it bottom I don' tknow. I'll have to guess like I guessed in June.<BR/><BR/>So doees this mean the end of the world if we go into recession? No. If we get into a depression then yes it will hurt bad. I'm hoping for a mild recession to bring sense back into the markets. There is a thing as a P/E ratio. After that, we should grow at a nice steady pace. Moderation (like drinking, and weight gain/loss) is good for economy. Fast surges creates weird things like...paying mcdonald workers 11 bucks an hour to flip burgers or a tim hortons employee 15 bucks to be a cashier.<BR/><BR/>It shouldnt' cost me 11 bucks to eat a burger and fries.<BR/><BR/>August 28, 2007 11:02 PMvanmanhttps://www.blogger.com/profile/15367498672798335326noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-32105692607128675442008-09-25T23:36:00.000-07:002008-09-25T23:36:00.000-07:00No worries Squiddy. I do not plan to buy for anoth...No worries Squiddy. I do not plan to buy for another 1.5 years. I have a bet with a co-worker that started in June that Detached Single Family house prices would drop below 344 by end of November...lets just say he owes me lunch now:).<BR/><BR/>I will NOT buy until the median house price goes to about 250K.<BR/><BR/>I donèt mind paying 300K for a house, if its an enourmous house with a pool, etc.<BR/><BR/>I see that happening ... I loved that cbc clip on the alberta boom with the sales guy from Winnipeg who sells ATVs - he owns a 60K motorcycle and 9 other ones.vanmanhttps://www.blogger.com/profile/15367498672798335326noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-40993391852253716432008-09-25T23:31:00.000-07:002008-09-25T23:31:00.000-07:00Van said... 380K for half a duplex? I'm back in ca...Van said... <BR/>380K for half a duplex? I'm back in cali again and I hate to say it, I can't believe how cheap things are here. Inflation in Alberta is rampant. Salaries here are higher, but the inflation isn't as crazy as Alberta. I doubt I'll ever move to the states, but boy do I get tempted. <BR/><BR/>380K for half a duplex? In edmonton?<BR/><BR/>Price expectations are already falling in Edmonton. I think the days of picking a number out of the sky and posting it as a sale prices are over. Congrats to people who bought before the bubble and can sell it now. Sorry (well I'm not really sorry, how stupid could u be?) to the people who tried to make a quick buck and got caught with 12,000+ inventory in the city and will have a hard time selling their houses/condos.<BR/><BR/>Time to enjoy the show.<BR/><BR/>August 23, 2007 9:04 PMvanmanhttps://www.blogger.com/profile/15367498672798335326noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-89255039755986884232008-09-25T23:29:00.000-07:002008-09-25T23:29:00.000-07:00when interest is calculated in you are hundreds of...when interest is calculated in <BR/>you are hundreds of thousands ahead by not buying last year<BR/>a year from now you will be further ahead even more<BR/><BR/>the realtors have gone parabolic in there protection of there <A HREF="http://www.youtube.com/watch?v=Gk4Ntcq5uNg" REL="nofollow">precious housing bubble that need it to survive</A><BR><BR/><BR/>vanman way way worse hang toughsquidly77https://www.blogger.com/profile/05932628180799650933noreply@blogger.com