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http://www.wsj.com/articles/BL-CDRTB-5445quote:Just one day after the Bank of Canada sounded its loudest alarm yet over inflated home prices and the related risks posed by high household debt loads, Canadian Imperial Bank of Commerce published a poll that found only a minority of Canadians are worried about their debt. http://m.theglobeandmail.com/report...?service=mobile quote:
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# ? Dec 12, 2014 20:02 |
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# ? May 10, 2024 22:19 |
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http://www.theglobeandmail.com/repo...rticle22060567/quote:Oil, markets sink
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# ? Dec 12, 2014 20:48 |
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http://m.theglobeandmail.com/report...?service=mobilequote:
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# ? Dec 12, 2014 22:12 |
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http://www.theglobeandmail.com/report-on-business/economy/canadas-home-prices-fall-for-first-time-in-a-year/article22061271/quote:Canadian home prices fell in November from October, their first monthly decline in a year, the Teranet-National Bank Composite House Price Index showed on Friday.
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# ? Dec 12, 2014 22:18 |
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Bring it on. I want prices to soar to astronomical heights.
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# ? Dec 12, 2014 23:37 |
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Cultural Imperial posted:Bring it on. I want prices to soar to astronomical heights. hopefully a soft landing just like Japan
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# ? Dec 13, 2014 02:58 |
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etalian posted:hopefully a soft landing just like Japan What do you think a Lost Decade would do for Canadian art?
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# ? Dec 13, 2014 04:07 |
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etalian posted:hopefully a soft landing just like Japan https://www.youtube.com/watch?v=DrBf71QUNOk My brother finished everything with buying his house today. I wish I could be so smug about telling him to wait just a single year, but I cant. Hes still my brother and I dont want to push him even further away or add even more stress to what Im assuming is now a stressful situation. His idiot friend that just bought a second house and was part of the reason my brother felt so pressured into buying though? Its loving on.
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# ? Dec 13, 2014 04:45 |
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Furnaceface posted:https://www.youtube.com/watch?v=DrBf71QUNOk If everyone else is doing it especially in "investments" it's a good money making idea. Just think of all the happy investors who rushed off to buy IPO stock. etalian fucked around with this message at 05:05 on Dec 13, 2014 |
# ? Dec 13, 2014 05:02 |
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Brannock posted:What do you think a Lost Decade would do for Canadian art? Google what happened to the Japanese university art and artifact collections. Spoiler: Russian and Saudi/Qatar buyers. They had a nice Stradavari, i threw a bid on it last year, the music director of Tokyo U cried when the winner picked it up. Thankfully the group of 7 is in private hands. The B-list ? I can't see The Walrus clique (aka: liberal/quebec oligarchs) splurging 120mm to keep it in Canada.
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# ? Dec 13, 2014 05:24 |
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I think he meant creation of new Canadian art, music, etc. Once it all clicks that no one's getting a gainful job, people start following their talents.
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# ? Dec 13, 2014 05:27 |
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Cultural Imperial posted:Come at me bro. I totally agree. There were a frackton (see what I did there) of guys who lived on mega-leverage, or were tied to the beta-trade generated by luxury spending or discretionary demand for everything be it Kors purses to home contractors. What many do not notice is there was a huge divergence due to economic productivity. Ontario blew up because post-Harris they decided to double down on fiscal pork, biotech and tech; all of which have ZERO corporate governance standards in Canada. PriotXX, Corel, Boderbund and a whole host of other failheap challenges prove that. Hell, RIM is a shining example of pork at its best/worst. As such, most of the net transfer provinces, and by extension most of Canada has this opinion that they were entitied to the GDP growth of Alberta/SK/BC. Which for most of the 70,80 & early 90's were given jack poo poo. and enjoyed it while Quebec, Ontario and PEI/NB blew their brains out on mega-workfare programs (chalk lake??) and later, patronage projects (google the Trudeau to Bouchard corruption just peeking its head via the Saputo & Hells Angels patronage projects in the Lauentian valley). The TLDR, is unless you have your head up Marx's rear end, even Poloz was walking back the statements in NYC today regarding what that LOGIT model shows. On average, if oil drops 10 bux/bbl, then we roughly take 0.3% off GDP. Our gdp is going to grow 2.1% next year. That was at 100 bux that study was done. So take a wild guess on what our GDP is estimated to be at next year. Now since our dollar is tied to our strength, and most of our manufactured goods are not made in Canada. If everything at Costco to Home Depot goes up by 30% since the CADUSD devalued by 10% plus margin markups to offset the losses in purchasing power (and gross sales), how much money do you think is going to be left in your budget, if on average you only saved 300 bux at the pump over the course of a year. Consumer euphoria is at all time highs, as shown by the consumer index today, but that's usually a big rear end red alarm bell before a correction, because if you go back, the same thing happened before the big crunch in the 87. When everyone said they would spend a fuckton, and then all of a sudden they learned prices do not go down, but producers just enjoy fat margins, until they start to default. And I can't see Weston or the Empire guys going bust anytime soon. But yes, I am serious, I'd love to get a goon survey, since after 1 day it seems nobody is stepping up (but this guy) to say if they are actually going to be cheering and thus, spending on big ticket items now that leverage and dollar value is going to be going up (significantly) in the next 10 days. We can also add securities into the mix. How many of you are going to go splurge on some cheap TSX stocks or Canada dollar bonds given we are now trading at record lows in valaution compared to everywhere but those shining OECD economies: Russia, China and Indonesia. Edit to Peter because I dont want to thread poo poo: - That is the dumbest thing I have ever heard. If you can't get a wage job, what sort of talent will you be expected to follow ? Do you see a sudden increase in the employment of Italy or Greece suddenly 'following their dreams' ? How about Russia. I bet they have boatloads of guys just dying (sic) to get a job at the Beloshi after going to school for 7 years to be a engineer. Hal_2005 fucked around with this message at 05:38 on Dec 13, 2014 |
# ? Dec 13, 2014 05:36 |
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oh come on who gives a gently caress about group of 7? If I never saw another loving emily carr again it would not be soon enough e: it warms my heart no one is weeping for CAN-LIT yet namaste friends fucked around with this message at 05:39 on Dec 13, 2014 |
# ? Dec 13, 2014 05:37 |
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Cultural Imperial posted:oh come on who gives a gently caress about group of 7? If I never saw another loving emily carr again it would not be soon enough Ok. I lied, this is now the dumbest post I have seen. Unstick your head from your rear end and take a moment, and go check out what the national gallery insures some of those things for. Hint, each one has a value beneath the painting for novelty. Canada has (had) a frackton of good artists. And you can bet, if a highly leveraged city were to blow out because the transfer payments stopped, don't think those pieces are and will be scooped up. Go look at what happened to the Detroit state gallery when the Ford's didn't want to buy them back. Or go look at Christie's site for the last debitors auction on what Florence's trove went for. Art's not just about looking at paintings, but I'm guessing that's going to ruffle some Marxist feathers in D&D.
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# ? Dec 13, 2014 05:41 |
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Sorry but i read your post as something as dumb as "wow you are an rear end in a top hat, go read about the glory of canada's long rich history as a shining light to culture and civilization, from the invention of peacekeeping to the discovery of basketball". e: here's what i think about the glory and greatness of canadian 'art' namaste friends fucked around with this message at 05:46 on Dec 13, 2014 |
# ? Dec 13, 2014 05:44 |
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Cultural Imperial posted:Sorry but i read your post as something as dumb as "wow you are an rear end in a top hat, go read about the glory of canada's long rich history as a shining light to culture and civilization, from the invention of peacekeeping to the discovery of basketball". Oh look, an adhomin because you ignored everything I said, but wanted to save face with a non-witty post. How original. I was very clear. In state auctions, art is a very sought after commodity. http://www.bloomberg.com/news/2014-12-08/chanos-among-art-buyers-in-miami-as-car-scraps-fetch-3-million.html Since you want to go off the farm on a sidetrack, go watch the interview with Chanos by Stephanie Rhule. Then get back to me when you figure out what a buyers premium is, and how art is a better bolthole for black money or tax-advantaged players.
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# ? Dec 13, 2014 05:47 |
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Furnaceface posted:https://www.youtube.com/watch?v=DrBf71QUNOk Barrie is awesome, congrats to your brother.
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# ? Dec 13, 2014 05:52 |
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If you think "modern" art (especially garbage like Pollock) has any value, cultural or otherwise, you're an idiot. Modern Art was a CIA weapon against Soviet Realism, officials reveal. quote:This was the "long leash". The centrepiece of the CIA campaign became the Congress for Cultural Freedom, a vast jamboree of intellectuals, writers, historians, poets, and artists which was set up with CIA funds in 1950 and run by a CIA agent. It was the beach-head from which culture could be defended against the attacks of Moscow and its "fellow travellers" in the West. At its height, it had offices in 35 countries and published more than two dozen magazines, including Encounter. quote:In 1958 the touring exhibition "The New American Painting", including works by Pollock, de Kooning, Motherwell and others, was on show in Paris. The Tate Gallery was keen to have it next, but could not afford to bring it over. Late in the day, an American millionaire and art lover, Julius Fleischmann, stepped in with the cash and the show was brought to London. The money that Fleischmann provided, however, was not his but the CIA's. It came through a body called the Farfield Foundation, of which Fleischmann was president, but far from being a millionaire's charitable arm, the foundation was a secret conduit for CIA funds. Rusted out shells of Camaros don't end up in the VAG today because they have any artistic value, it's the hangover from forty years of CIA propaganda funds stuffing art museums full of literal garbage.
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# ? Dec 13, 2014 06:08 |
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Ikantski posted:Barrie is awesome, congrats to your brother. No, Barrie is the opposite of awesome. There is no work here aside from retail and fast food, leaving over 50% of the work force commuting outside the city for work. The city stopped building affordable housing and renal units years ago in favor of condos and Toronto-style housing lots. What few rentals you can find are all run by absentee landlords from Toronto. Its a bedroom community and a college town and once the housing bubble bursts this place is going to end up looking like Peterborough.
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# ? Dec 13, 2014 06:13 |
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Hal_2005 posted:I was very clear. In state auctions, art is a very sought after commodity. the only valuation, haha
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# ? Dec 13, 2014 06:13 |
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Furnaceface posted:No, Barrie is the opposite of awesome. There is no work here aside from retail and fast food, leaving over 50% of the work force commuting outside the city for work. The city stopped building affordable housing and renal units years ago in favor of condos and Toronto-style housing lots. What few rentals you can find are all run by absentee landlords from Toronto. Its a bedroom community and a college town and once the housing bubble bursts this place is going to end up looking like Peterborough. Is there anywhere to work in the GTA besides Toronto?
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# ? Dec 13, 2014 06:14 |
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triplexpac posted:Is there anywhere to work in the GTA besides Toronto? I would have to assume so since so many people here make that trek 5 days a week (and its not a trip you take for funsies, the 400 is a death trap in the winter, especially between 88 and 89). Not as much as there used to be, though, if the rising unemployment is any indicator.
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# ? Dec 13, 2014 06:21 |
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Furnaceface posted:No, Barrie is the opposite of awesome. There is no work here aside from retail and fast food, leaving over 50% of the work force commuting outside the city for work. The city stopped building affordable housing and renal units years ago in favor of condos and Toronto-style housing lots. What few rentals you can find are all run by absentee landlords from Toronto. Its a bedroom community and a college town and once the housing bubble bursts this place is going to end up looking like Peterborough. It's good for your brother that there are few rentals there, it makes his house less likely to depreciate. I know that a lot of people commute and that's why Barrie would be my choice if I absolutely had to buy a house in Ontario. You're 60 minutes from Toronto which is growing at 9% per year and nobody can afford to buy there. Barrie is growing at 5.5% a year and they have a low 5% unemployment rate. You get to live in a nice clean town in a house instead of a 2 bedroom condo and it's $150k cheaper. Barrie will look like Peterborough when Toronto looks like Detroit, that's probably not going to happen. Edit: All this to say that it probably isn't worth fighting with your brother over it, Barrie is on the safer end of the spectrum. Postess with the Mostest fucked around with this message at 06:41 on Dec 13, 2014 |
# ? Dec 13, 2014 06:39 |
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Having spent considerable time working in Kitchener Waterloo, I can only imagine what a loving shithole Barrie must be. Only 60 minutes from Toronto!!?!?!? SIGN ME UP
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# ? Dec 13, 2014 06:41 |
I know it's your gimmick and all, but your senseless hatefulness reeeaaaallly gets old, Cultural Imperial. Like, relishing the suffering of people 'cause they're stupid or just economically uninformed is straight out of the libertarian handbook. Congrats on being a rational actor, Galt.
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# ? Dec 13, 2014 08:32 |
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what treasure! why don't you go toss yourself onto a pyre of margaret atwood and robertson davies books I relish the suffering and demise of overindebted retards because they're greedy and materialistic
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# ? Dec 13, 2014 08:41 |
Bachman–Turner Overdrive. Rupert.
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# ? Dec 13, 2014 08:51 |
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Stickin around
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# ? Dec 13, 2014 10:18 |
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Cultural Imperial posted:I relish the suffering and demise of overindebted retards because they're greedy and materialistic Is it ok to be greedy and materialistic if you can afford to be? I mean the old fashioned way, with cash.
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# ? Dec 13, 2014 14:07 |
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Cultural Imperial posted:Having spent considerable time working in Kitchener Waterloo, I can only imagine what a loving shithole Barrie must be. Only 60 minutes from Toronto!!?!?!? SIGN ME UP What did you do in KW?
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# ? Dec 13, 2014 14:31 |
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Just because he's the OP of this thread doesn't mean y'all have to leave him off your ignore lists.Saltin posted:Is it ok to be greedy and materialistic if you can afford to be? I mean the old fashioned way, with cash. Sure, just grab some of Gail Vaz-Oxlade's books on how to budget, then you can properly fuel your rapacious hunger to consume all consumer goods. (Seriously, grab some of her books. I'm trying to turn my finances around and she says some good poo poo.)
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# ? Dec 13, 2014 14:54 |
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Jumpingmanjim posted:Stickin around
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# ? Dec 13, 2014 16:14 |
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Furnaceface posted:No, Barrie is the opposite of awesome. There is no work here aside from retail and fast food, leaving over 50% of the work force commuting outside the city for work. The city stopped building affordable housing and renal units years ago in favor of condos and Toronto-style housing lots. What few rentals you can find are all run by absentee landlords from Toronto. Its a bedroom community and a college town and once the housing bubble bursts this place is going to end up looking like Peterborough. I have family that I will be visiting in Barrie (Innisfil specifically). I can confirm that this poster is correct and Barrie does indeed suck.
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# ? Dec 13, 2014 16:20 |
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Blade_of_tyshalle posted:Sure, just grab some of Gail Vaz-Oxlade's books on how to budget, then you can properly fuel your rapacious hunger to consume all consumer goods. If you are learning to budget, I can't recommend ynab enough. It's helping me pull my rear end out from under a big pile of debt.
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# ? Dec 13, 2014 16:38 |
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Blade_of_tyshalle posted:Just because he's the OP of this thread doesn't mean y'all have to leave him off your ignore lists. This right here.
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# ? Dec 13, 2014 17:33 |
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Demon_Corsair posted:If you are learning to budget, I can't recommend ynab enough. It's helping me pull my rear end out from under a big pile of debt. Same here. It helped me put aside a bunch of money for a trip, and recover from said trip adequately.
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# ? Dec 13, 2014 17:39 |
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It's humorous looking at GTA listings with most condo mortgage costing around $1700 to $2200 before even adding all the extras like insurance, taxes or the monthly condo fee. Meanwhile rents for one bedroom in central Toronto, which I assume is the most expensive parts: Meanwhile in Vancouver: One a side note the CMHC publishes free yearly rental reports than anyone can read up and is obviously a much more accurate way to track rental costs vs anecdotes/random online sites like numbeo. etalian fucked around with this message at 17:53 on Dec 13, 2014 |
# ? Dec 13, 2014 17:49 |
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B-b-but real estate always goes up! It's an unbeatable investment!
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# ? Dec 13, 2014 18:37 |
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http://www.cbc.ca/m/news/politics/foreign-workers-microsoft-gets-green-light-from-ottawa-for-foreign-trainees-1.2870289quote:The federal government has granted an exemption to Microsoft Canada that will allow the company to bring in an unspecified number of temporary foreign workers to British Columbia as trainees without first looking for Canadians to fill the jobs. Because the Canadians you get in Vancouver aren't smart enough that's why.
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# ? Dec 13, 2014 18:42 |
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# ? May 10, 2024 22:19 |
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Cultural Imperial posted:
Canadian art, eh? Also, filed under "poo poo we already know": Vancouver being transformed by new wave of brash, rich Asians looking for safe place to ‘park their cash’
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# ? Dec 13, 2014 19:41 |