tag:blogger.com,1999:blog-7123542260692860177.post6419245748891781772..comments2023-12-02T00:38:46.467-08:00Comments on House Hunt Victoria: Apr 22 Market UpdateHouseHuntVictoriahttp://www.blogger.com/profile/07456914359088891317noreply@blogger.comBlogger201125tag:blogger.com,1999:blog-7123542260692860177.post-65965535872280163682013-04-27T22:29:06.640-07:002013-04-27T22:29:06.640-07:00slow clap...
"Still, the fact that Canada’s ...slow clap...<br /><br />"Still, the fact that Canada’s banks apply one of the lowest risk weights overall compared to their global peers makes some observers nervous. “The perception is that our banks are the strongest capitalized, yet, when you consider equity to total assets, ours are the weakest capitalized,” said Keith Graham, founder of Bay Street investment management firm Rondeau Capital."<br />koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-16141561273766190112013-04-27T22:13:34.864-07:002013-04-27T22:13:34.864-07:00Crazy or visionary?
Meet the man who's sellin...Crazy or visionary?<br /><br /><a href="http://www.theglobeandmail.com/globe-investor/meet-the-man-whos-selling-canada-short/article11585150/" rel="nofollow">Meet the man who's selling Canada short</a>koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-11591557054107034332013-04-27T17:41:53.795-07:002013-04-27T17:41:53.795-07:00Bitterbear said "I think the key is don't...Bitterbear said "I think the key is don't fall in love with a car and never sit down. That way they know you are ready to walk out at any time."<br /><br />I agree. A good way to buy a house too. <br /><br />S2 (JJ's wife)Johnny-Dollarhttps://www.blogger.com/profile/12950799399842707067noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-81047653980921287002013-04-27T10:27:10.676-07:002013-04-27T10:27:10.676-07:00bitterbear,
sounds like a good way to buy a house...bitterbear,<br /><br />sounds like a good way to buy a house these days too. oh did I say that out loud:)CFA Joehttps://www.blogger.com/profile/13671456095741941127noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-86422382470110715332013-04-27T10:25:08.550-07:002013-04-27T10:25:08.550-07:00yes it is late. inevitably greed sets in and peopl...yes it is late. inevitably greed sets in and people who feel like they are missing out will try to "make it up" and jump in, typically near the top. this happened in 2000 with tech stocks, it happened with RE in the states around 2006, Gold in 2011-12 and it happened here in RE around 2010-11. people will typically buy when the coast is clear per se. true investors buy when the fog is thickest and there is a margin of safety. easier said than done I know. if you don't know what you are doing, people (like me:) will eat your lunch. and people wonder why the rich get richer...CFA Joehttps://www.blogger.com/profile/13671456095741941127noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-51087469316961800012013-04-27T10:16:35.201-07:002013-04-27T10:16:35.201-07:00reasonfirst
I recently did some negotiating on a ...reasonfirst<br /><br />I recently did some negotiating on a car. I did just as you said. I went inside and got the price, which I didn't like, so he gave me a better one. Then I made a call within earshot saying that I wasn't happy etc. Popped my head back into the office and thanked him for his time but we would be looking elsewhere. He jumped up with a new number. I made another call (within earshot). My husband said good deal,take it etc but instead I responded with "Yea, I don't think so either. I'll be on the 7 pm bus. See you around 9. (I was in another city). When I popped back in, the guy was clearly in sweat. He was frantically calculating numbers then came back with a better deal. <br /><br />I think the key is don't fall in love with a car and never sit down. That way they know you are ready to walk out at any time. Bitterbearhttps://www.blogger.com/profile/00915857231488636746noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-58040822196925804592013-04-26T22:32:35.918-07:002013-04-26T22:32:35.918-07:00" I fully expect people to chase the hot mone..." I fully expect people to chase the hot money and sell Canada to buy US. as usual" They would be a little late to the game for that now.... dasmohttps://www.blogger.com/profile/14638226799679794103noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-36604355792690824882013-04-26T20:36:33.636-07:002013-04-26T20:36:33.636-07:00Don't post much but I find this blog quite ins...Don't post much but I find this blog quite insightful.<br /><br />Few observations:<br /><br />1) we are seeing massive refinance fatigue. People don't want to borrow anymore money. common to see at the end of a long debt accumulation cycle like this. deleveraging is next<br /><br />2) someone above made the comment above that "we didn't cause the greatest depression" since WW2. Um, don't know if you have noticed but the s&p500 and tsx has diverged almost 50% in the past 2 years. I think the US is out of their recession and we are in ours.<br />3) problem is we have nothing but resources and financials, not very promising if you ask me; I remember the 90's where we were a dog with fleas for 10 years. glad I am underweight Canada the past 3 years. <br />4) anybody see NBC News tonite on the oil sands and the pipeline? Good luck now.<br />5) I fully expect people to chase the hot money and sell Canada to buy US. as ususal CFA Joehttps://www.blogger.com/profile/13671456095741941127noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-30536243798825586592013-04-26T20:08:49.124-07:002013-04-26T20:08:49.124-07:00In the future our crash will be analysed. We'...In the future our crash will be analysed. We'll wonder why we thought we were so much better than the Americans. Did we think that our banking system was more honest? Perhaps our government was "better" at regulating our big six banks than they were in the US?<br /><br />We'll play the blame game. Who was more responsible the banks or the government when the foreclosures started rolling in? <br /><br />People on the banks side will argue that the banks were getting guarantees from the government. They had fair and honest balance sheets. They were well collateralized. Any insured loan that was given out was backed by the government. The government was responsible for having enough money in case the banks needed to cash in on the insurance.<br /><br />Some other people will side with the government. Sure they were providing the insurance, but that doesn't mean that every single dollar needed to be lent out. The banks should have exhibited restraint. They should have done better background checks. They should have informed their buyers that interest rates are unpredictable. The banks competed on rates to draw more and more people into taking out more and more loans that were further insured by the government. They acted with a moral hazard.<br /><br /><br />The bank people will retort by saying that the banks were just doing what they are designed to do. Make record profits for their shareholders. If there is money that can be lent out they have lent it out to make more money on interest charges. <br /><br />In the end we'll all shake our heads and wonder why we didn't see it coming all along.<br /><br />I guess I'll be a bear again.koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-24742565051034174112013-04-26T19:14:47.961-07:002013-04-26T19:14:47.961-07:00Sold listings today in Vanc a wee 74. A typical Ap...Sold listings today in Vanc a wee 74. A typical April day used to see 300 to 400 solds. <br /><br />There’s a heritage building in downtown Vancouver with a giant commemorative plaque that starts with the words; <br /><br />“Both JJ Miller and his brother William emigrated from Australia in 1903, made fortunes in real estate, built mansions in Grandview and lost their fortunes in the crash of 1913.”<br /><br />Things that make you go hmm.SJhttps://www.blogger.com/profile/11421821610882545660noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-82009420703309061792013-04-26T18:15:06.423-07:002013-04-26T18:15:06.423-07:00$798,000???$798,000???dasmohttps://www.blogger.com/profile/14638226799679794103noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-36206820681438857162013-04-26T17:41:31.704-07:002013-04-26T17:41:31.704-07:006545 Gliddon Rd is way over priced...
Agreed! And...<i>6545 Gliddon Rd is way over priced...</i><br /><br />Agreed! And they've had that same listing for a year (okay, a year next week). They started at $798,000; price dropped to $699,800 on March 1. I guess they're going to wait another 9 months to drop it again. Thus my note about Central Saanich properties not getting the memo. North Saanich properties have started to lower prices - you can get acreages in Land's End and Swartz Bay for under $550,000 now - but Central Saanich remains stubborn.Renterhttps://www.blogger.com/profile/01147315895351599236noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-39641389266617565492013-04-26T16:23:59.119-07:002013-04-26T16:23:59.119-07:00dasmo: Thanks. I believe the reason this works i...dasmo: Thanks. I believe the reason this works is because there is only one hook in your mouth and one jump will set you free. When you are on the lot....there is too much the salesperson can try...i.e. talk to the manager, look up stuff on the computer, take you over to some other cars that are "just as good" and in your price range and so on and so on. When you are on the phone though, you just have to say thank you and goodbye.<br /><br />I have also successfully used this method when buying a video camera, various used items and even once buying a revenue property.Alexandraherehttps://www.blogger.com/profile/13100843258061373047noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-61781171211017353322013-04-26T16:16:10.832-07:002013-04-26T16:16:10.832-07:006545 Gliddon Rd is way over priced...6545 Gliddon Rd is way over priced...dasmohttps://www.blogger.com/profile/14638226799679794103noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-33399272565442522772013-04-26T15:40:25.555-07:002013-04-26T15:40:25.555-07:00"6545 Gliddon Rd
Central Saanich, BC...
Spac..."6545 Gliddon Rd<br />Central Saanich, BC...<br /><br />Spacious family home with in-law SUITE."<br /><br />Gotta love it. Spend a lot of money to buy an acreage so you can have some privacy and then have someone living in your basement.<br /><br />Only in The Best Place on Earth®.patriotzhttps://www.blogger.com/profile/11154064267408955762noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-49088009809175182942013-04-26T15:34:06.786-07:002013-04-26T15:34:06.786-07:00Sorry toot's Sarcasm and the four hour work we...Sorry toot's Sarcasm and the four hour work week won't do it....dasmohttps://www.blogger.com/profile/14638226799679794103noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-66574406368855367552013-04-26T15:26:31.849-07:002013-04-26T15:26:31.849-07:00Generation Y disagrees with you Caveat. We are go...Generation Y disagrees with you Caveat. We are going to rain on your parade.koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-54814480848046382792013-04-26T15:20:22.133-07:002013-04-26T15:20:22.133-07:00@ Alexandrahere Fabulous negotiation tip! I'll...@ Alexandrahere Fabulous negotiation tip! I'll use that one next time. I do all right but I'm not kidding myself. I'm up against an expert and I'm the fish. At least getting out of the tank will help....dasmohttps://www.blogger.com/profile/14638226799679794103noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-83242776888506567742013-04-26T15:16:05.480-07:002013-04-26T15:16:05.480-07:00argumentum ad absurdum
HHV poster - "Exercis...<i>argumentum ad absurdum</i><br /><br />HHV poster - "Exercising is good"<br /><br />koozdra - "If you run all day on a treadmill you will keel over and die of exhaustion or starvation. The smell of your rotting corpse will make the value of your home fall even further"caveat emptorhttps://www.blogger.com/profile/15318994505715193523noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-19619255315255097762013-04-26T15:06:40.607-07:002013-04-26T15:06:40.607-07:00I am sticking by my straw man comment. You are ma...I am sticking by my straw man comment. You are making extrapolations that don't follow logically from ANY of the positions ever presented here. Then you are finding those extrapolations absurd.<br /><br />1)immune to a decline does not follow logically from "likely flat to moderate decline"<br /><br />2) There is no risk to purchasing in Victoria does not follow logically from "I am personally comfortable with buying in Victoria"<br /><br />3) I can have all the things that I want and there is no need to save doesn't really follow from ANYTHING I've ever read on the blog. Some have pointed out that mortgages = forced saving which may have benefits for people that would be unable to muster the discipline to save otherwise.<br /><br />4) There is no risk in taking out a HELOC does not follow from comments that a HELOC can be useful. (Heck, no less a housing bear than Garth advocates HELOCs instead of an emergency cash stash.<br /><br />Straw men/womencaveat emptorhttps://www.blogger.com/profile/15318994505715193523noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-36683618673041185942013-04-26T15:02:55.164-07:002013-04-26T15:02:55.164-07:00There has been an increase in townhouse sales late...There has been an increase in townhouse sales lately. The average price seems to be going up as well. Is this the new first time home nowÉ....darn French keyboard is back!Alexandraherehttps://www.blogger.com/profile/13100843258061373047noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-48820004378762604022013-04-26T14:57:24.358-07:002013-04-26T14:57:24.358-07:00With regards to buying cars: I spoke to an ex-use...With regards to buying cars: I spoke to an ex-used car salesman and he told me that the lowest they would go is $1,000 under the sticker price “on the road”(taxes, fee’s, ect in). He suggested doing your research and finding the car you want. When you’re ready to buy, go to the lot, one week before the end of the month (they get paid at the end of the month). Let the salesman “sell” you on the car you want, poke around, ask lots of questions and have him put you into different cars until he arrives at the car you want. Give all the buying signals. When they bring you into the room, say that you would pay $1,000 less than the lowest price. They won’t be able to do the deal then. Thank him, say they were great and leave. They will call you back within 2 days willing to do the deal. I followed his advice and it is how I got my car:)Mayfair Manhttps://www.blogger.com/profile/09190562135797032322noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-79932450263863300462013-04-26T14:56:27.598-07:002013-04-26T14:56:27.598-07:00Glad to see others are now as exasperated by koozd...Glad to see others are now as exasperated by koozdra's unwavering sarcasm as I was a few weeks ago.<br /><br />I love sarcasm as much as the next person, but it's most effective when it's employed judiciously and in moderation.<br /><br />The bears are getting annoyed by it: that should tell you something.Introverthttps://www.blogger.com/profile/03333045260631104757noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-3688696758038687472013-04-26T13:45:40.719-07:002013-04-26T13:45:40.719-07:00I've been thinking about having my wife wait o...I've been thinking about having my wife wait outside (or me - I am not sexist) when I am negotiating for a car. After the salesperson comes back from the manager with a # I'll say I need to go out and chat with my wife and make them wait 10 minutes before coming back with a new number. reasonfirsthttps://www.blogger.com/profile/02787594578611685612noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-55231668741926875502013-04-26T13:22:11.691-07:002013-04-26T13:22:11.691-07:00@info.
Why don't you use koozdra's comple...@info.<br /><br />Why don't you use <a href="http://victoriarestats.ca/uploads/data/monthly.csv" rel="nofollow">koozdra's complete data set</a>?Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.com