tag:blogger.com,1999:blog-7588496932754350322.post3691583542662333467..comments2023-09-10T03:39:48.166-07:00Comments on Alberta Bubble: Why has the market lost steam?Unknownnoreply@blogger.comBlogger40125tag:blogger.com,1999:blog-7588496932754350322.post-16443093857925874172007-06-29T08:51:00.000-07:002007-06-29T08:51:00.000-07:00Squidly, that roller coaster is pretty cool repres...Squidly, that roller coaster is pretty cool representation. The only thing missing is the sound effects of people screaming at the last turn.bow_down_to_cowtownhttps://www.blogger.com/profile/09963226077046552066noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-38598845075870306672007-06-29T08:35:00.000-07:002007-06-29T08:35:00.000-07:00here jjust for you........tinyurl.com/2fphpxhope y...here j<BR/>just for you<BR/>........tinyurl.com/2fphpx<BR/><BR/>hope your not still on the ride<BR/>if you are too badsquidly77https://www.blogger.com/profile/13337481129318070886noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-38166279113055567232007-06-29T08:09:00.000-07:002007-06-29T08:09:00.000-07:00disater ?for who ?why is it bad news j ?over a tru...disater ?<BR/>for who ?<BR/>why is it bad news j ?<BR/><BR/>over a trumans board specuvestors are bleeding money<BR/><BR/>a familys money<BR/><BR/>this is bad news ?<BR/><BR/>tell me why j ?<BR/>tell me whysquidly77https://www.blogger.com/profile/13337481129318070886noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-7671216496656283082007-06-29T07:47:00.000-07:002007-06-29T07:47:00.000-07:00" squidly77 said... 4 red flashing lights th..." squidly77 said...<BR/><BR/> 4 red flashing lights<BR/> the greatest ponzi shim sham scam game of a lifetime is about end<BR/> the great unwinding<BR/> anybody in the market is toast<BR/> thinking of buying<BR/> dont<BR/><BR/> the unwinding starts now" <BR/>()()()()()()()()()()()()()()()()<BR/><BR/>Squidly, quite the character you are! I think it would be fun, on the cusp of this long holiday weekend, to regurgitate the run-on sentence disaster that you spew on this board in opposite:<BR/><BR/>the oil can't stop flowing,<BR/>riches and riches are coming,<BR/>everyone will win! everyone will win!<BR/><BR/>hurray for the free market! long live the risk-taker! you're a hero, I'm a hero! thank god for the manna from heaven that this province has given us!<BR/><BR/>we're all gonna be rich! we'll all gonna be rich! housing prices will rise forever and that lear jet you had your eye on is parked is gassed and ready to go!<BR/><BR/>bikini-clad models at your doorstep- begging for your attention, liquor is flowing freely, ice-cream has no calories, cancer is gone, global warming a distant memory<BR/><BR/>love <BR/>is <BR/>everywhere<BR/><BR/>now is the time! it will last forever!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-18535592073194439372007-06-29T06:05:00.000-07:002007-06-29T06:05:00.000-07:004 red flashing lightsthe greatest ponzi shim sham ...4 red flashing lights<BR/>the greatest ponzi shim sham scam game of a lifetime is about end<BR/>the great unwinding<BR/>anybody in the market is toast<BR/>thinking of buying<BR/>dont<BR/><BR/>the unwinding starts nowsquidly77https://www.blogger.com/profile/13337481129318070886noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-87560478152419288442007-06-29T05:55:00.000-07:002007-06-29T05:55:00.000-07:00bearclawon a waiting list to buy a condobut none w...bearclaw<BR/>on a waiting list to buy a condo<BR/>but none were actually sold<BR/>a realtor trick<BR/>to make your friend pay moresquidly77https://www.blogger.com/profile/13337481129318070886noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-73704026931963193712007-06-28T20:18:00.000-07:002007-06-28T20:18:00.000-07:00they're ALL green today storm- courtesy of Mr.'s G...they're ALL green today storm- courtesy of Mr.'s Gore & Suzuki.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-42099885405081037452007-06-28T20:16:00.000-07:002007-06-28T20:16:00.000-07:00the most important thing to look out for in new co...the most important thing to look out for in new condo construction is that the price in your contract is FIRM. Many developers have experienced their worst nightmare- fixed revenue and out of control costs- and have opted out of contracts.<BR/><BR/>Make sure you are locked in a the price you've agreed on.<BR/><BR/>The early registration gimmick is just that. It has worked well so far for many spec buyers and others have followed. there are no guarantees that this trend will continue but it many have made good money following the herd.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-39326444820832207962007-06-28T19:58:00.000-07:002007-06-28T19:58:00.000-07:00The green one, over there, J.The green one, over there, J.Stormy Petrelhttps://www.blogger.com/profile/15062050673244964353noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-87924566773425684522007-06-28T19:40:00.000-07:002007-06-28T19:40:00.000-07:00Thats one thing that makes me uncomfortable about ...Thats one thing that makes me uncomfortable about the current market is how condo sales are conducted. The first half are at a lower price to a VIP group. Then the price gets jacked up 15K with 50% sold sign to public. These types of games make the price seem very arbitrary. A lot of the initial sales are construction workers friends etc...<BR/><BR/>Ive just heard this anecdotally.. any one else aware of these practices?BearClawhttps://www.blogger.com/profile/15714953167582532109noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-60948772048334256172007-06-28T19:28:00.000-07:002007-06-28T19:28:00.000-07:00squidly, that's exactly where I'm headed. The city...squidly, that's exactly where I'm headed. The city/town of Margate in Broward County.Brenthttps://www.blogger.com/profile/11692519299223098252noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-2186923365035448932007-06-28T19:25:00.000-07:002007-06-28T19:25:00.000-07:00Previous they had many more applicants than availa...Previous they had many more applicants than available units.BearClawhttps://www.blogger.com/profile/15714953167582532109noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-7852462699775595982007-06-28T19:23:00.000-07:002007-06-28T19:23:00.000-07:00squidly,A coworker was on 2 seperate waiting lists...squidly,<BR/><BR/>A coworker was on 2 seperate waiting lists for condos and was recently called on both of them. (E-town)BearClawhttps://www.blogger.com/profile/15714953167582532109noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-45897298170168718342007-06-28T18:59:00.000-07:002007-06-28T18:59:00.000-07:00which building?which building?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-21521674893173387532007-06-28T16:51:00.000-07:002007-06-28T16:51:00.000-07:00just reading over a trumans siteif you read some o...just reading over a trumans site<BR/>if you read some of the comments near the bottom of the page<BR/>you will notice<BR/>that 1 indvidual purchased the right to 3 condo units<BR/>read what he says <BR/>absoloutly no risk if i want my money back no problem<BR/>these units will be listed as sold<BR/>they will be off the market<BR/>now repeat that with 20 more investors<BR/>the building becomes sold out<BR/>so there will be a sold out sign placed proudly outside the condos proclaiming 100% sold<BR/>now if you want to purchase 1 of those units <BR/>they will place you on a witing list<BR/>and sell you 1 at an inflated price<BR/><BR/>but realy the building was never sold out<BR/>the people that supposedly bought these units bought so with out any risk what so ever<BR/>they could just walk away without incurring any loss<BR/>i can not believe that someone could be so nieve of what he saying that he would lay it out on a pro re blog board<BR/>anyone with a smallest amount of intelligence would see this for what it is <BR/>its all smoke and mirrors the was building never sold <BR/>call it what you want<BR/>its deceptivesquidly77https://www.blogger.com/profile/13337481129318070886noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-47969018698856468182007-06-28T15:50:00.000-07:002007-06-28T15:50:00.000-07:00just go 3 months without making a paymentthen youl...just go 3 months without making a payment<BR/>then youll know who exactly owns that home<BR/>after 6 months they will let themselves in<BR/>and place all your belomgings in the driveway<BR/>they will then change the locks and leave<BR/>whos home was it ?squidly77https://www.blogger.com/profile/13337481129318070886noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-80882444518992108302007-06-28T15:46:00.000-07:002007-06-28T15:46:00.000-07:00squidly,They OWN their homes and RENT the money fr...squidly,<BR/><BR/>They OWN their homes and RENT the money from the bank. Just use the term "homedebtor" to get your point across.BearClawhttps://www.blogger.com/profile/15714953167582532109noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-71778269538455874272007-06-28T15:19:00.000-07:002007-06-28T15:19:00.000-07:00squidly77 said... j thats a misleading state...squidly77 said...<BR/><BR/> j<BR/> thats a misleading statement<BR/> 75% of canadians are home owners<BR/> no sir<BR/> most of those homes are bank owned<BR/>_____________________________________<BR/>If the name on the deed reads Joe Homeowner then Joe owns the home. Your mischaracterization of the circumstances is clearly intended to obfuscate the viewers of this forum into reading some sort of malignant twist. The reality is that the majority of canadian homeowners amortize their mortgage debt over their working lifetimes and are left with a nice nest egg to fund their retirement. Being saddled with debt early on makes logical sense if your intention is to have a long work-force life ahead of you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-55631554461343861062007-06-28T14:26:00.000-07:002007-06-28T14:26:00.000-07:00Tax Deductible interest is just AMAZING!Overrated....<I>Tax Deductible interest is just AMAZING!<BR/><BR/>Overrated...<BR/><BR/>Most people don't understand that this is not deductible from the tax, but only from the taxable income. That's quite a difference!<BR/><BR/>Well... if you decrease your taxable income, you're effectively to be charged with less tax and you're also reducing yourself to a lower marginal tax rate. </I><BR/><BR/>Sure, but the actual deduction is at least by 2/3 less than what it would be, if it were from the tax directly. Many people, and spin-doctors especially, don't understand or deliberately obfuscate this difference.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-31656002040694420572007-06-28T13:53:00.000-07:002007-06-28T13:53:00.000-07:00"Stocks are also considered a capital asset, hence..."Stocks are also considered a capital asset, hence the capital gains tax and deductibility of income."<BR/><BR/>That should be "deductibility of INTEREST."Anonymoushttps://www.blogger.com/profile/16385461728223828842noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-82940695218098136832007-06-28T13:51:00.000-07:002007-06-28T13:51:00.000-07:00j beat me to it.The reason the US allows you to cl...j beat me to it.<BR/><BR/>The reason the US allows you to claim you mortgage interest on your tax return is because they treat your home as a capital asset. Hence when they sell their home they pay capital gains tax.<BR/><BR/>Capital assets are long-term assets consumed in the pursuit of income, so there's a good argument not to include your personal home in this category.<BR/><BR/>Stocks are also considered a capital asset, hence the capital gains tax and deductibility of income.<BR/><BR/>As to whether the interest would be deductible (reduce taxable income like an RRSP) or a credit (ie reduce tax payable like tuition), I believe it would be the former, but probably not tax refundable. If you have negative income for the year due to your mortgage interest, your tax payable would be zero and you would carry the loss forward to a future year with positive income.<BR/><BR/>But I'm speculating on the last part, because I haven't looked at my tax book in several years!<BR/><BR/>On a side note, you CAN claim some of your mortgage interest if you use part of your home for work or rent it out (since you're using that section of your home to produce income). The claimable interest (and utilities, etc) would be proportionate to square footage used or some other objective measurement. But then you would also have to pay capital gains on that proportionate section when you sold the house. I don't remember if they take into account the time factor (ie if you didn't use the space as your office the entire time your owned the house).<BR/><BR/>Lastly - don't mean to be pendantic on condescending if I come off that way - just chipping in what I know.Anonymoushttps://www.blogger.com/profile/16385461728223828842noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-88626096874189141702007-06-28T13:48:00.000-07:002007-06-28T13:48:00.000-07:00jthats a misleading statement75% of canadians are ...j<BR/>thats a misleading statement<BR/>75% of canadians are home owners<BR/>no sir <BR/>most of those homes are bank owned<BR/><BR/>the tenant of the banks home pays more then a tenant without a mortgage<BR/><BR/>lets say a $400,000 mortgage<BR/>bank interest (7%).......$28,000<BR/>property taxes...........$1,500<BR/>maintance ins............$2,000<BR/>yearly rent...$31,500<BR/>2,625 month not counting utilities<BR/><BR/>that is not home ownership<BR/><BR/>i would bet that home ownership is closer to 25% with another 25% with positive equity<BR/>the rest at least here in calgary are probably worse off and hanging on by there teethsquidly77https://www.blogger.com/profile/13337481129318070886noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-77696034996422048332007-06-28T13:32:00.000-07:002007-06-28T13:32:00.000-07:00It's been around for quite some time. The quid pr...It's been around for quite some time. The quid pro quo in Canada is the tax-free sale of your principal residence- in the US it is capped.<BR/><BR/>It clearly has benefits but there it's easily quantifiable- ie house worth $100,000 without benefit, house worth $110,000 with benefit. It's not something that will continue to stimulate demand. It is something to encourage homesteading for people otherwise incapable of proper financial planning. <BR/><BR/>The idea has been floating in Canada often by various political groups looking for a gimmick. It is very costly to the government and would be an economic disaster here- there's plenty of other incentives for home ownership and with the rate at 75% (from 70% earlier in the decade I believe) the goal of home ownership and benefits that it brings to the economy (mortgage business, agents, appraisers, construction, development, advertising, renovation, etc.) are succeeding.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-89584821021272767112007-06-28T13:19:00.000-07:002007-06-28T13:19:00.000-07:00that dedution is useful but not as it seemssurpris...that dedution is useful but not as it seems<BR/>surprise...surprise<BR/><BR/>....tinyurl.com/2ybe59squidly77https://www.blogger.com/profile/13337481129318070886noreply@blogger.comtag:blogger.com,1999:blog-7588496932754350322.post-66816227790133450802007-06-28T13:15:00.000-07:002007-06-28T13:15:00.000-07:00Is it like a credit? Becasue if it is (like say e...Is it like a credit? Becasue if it is (like say education expenses here), it will not reduce your tax rate, it just reduces your payable (after the rate and tax is calcualted)? Or is it more like your RRSP which reduces your gross to your net taxable (which is then used to calculate your tax rate)? Either way, it seems odd to me that a goverment would re-ward people financially for home ownership. Clearly it stimulates the related industries, but would it not also hurt others (maybe prop mgmt and rental companies)? Does anyone know when this came into effect...did it come in around the same time the bubbling started?ronniehttps://www.blogger.com/profile/08647402568132078965noreply@blogger.com