There is no Canadian Housing Bubble!

[decoy409]

Doom & Gloom? Why those are 'your words' not ours! We just go by what is going on and can be seen.


By the way,I gave you a 3 Thumbs up next door on the interest thread.

[Aman A.K.A. Ahamburger]

Ahh yes, dodge ball, your favorite game.

[decoy409]

Like I say,not really anytime for type. Say,a little bird dropped me something,

If I am a "communist" (speaking out against corporations), then you must consider yourself a "fascist" (rule by the corporations).

Thought you may like to ponder that one yourself.

[lifewasgood]

Explain away, but if you would take the time to go to any major city that has been hit hard by housing and drive around looking, talking to local real estate brokers, agents, and title companies, your opinion just my change. But as long as you polish a chair with your butt playing computer games and day trading, you will never see the real picture.

A funning thing is happening in the Arizona market: After the first initial devaluing of housing, many Canadians rushed in and started buying the primo properties with cash as investments. However now that the market has taken another step downward and local experts are calling for further devaluation and a long term stagnate period, those same Canadian investors are starting to panic causing further problems by putting those properties on the market that is already saturated with empty houses. Banks are not lending much so the investors have decided to sell carrying the paper at risk selling houses back to those who just a year ago or so walked away or defaulted on home loans. Wow talk about a merry-go-round. By the way, this comes with a premium as the owner will carry properties are usually 20 to 40% higher priced than the bank owned foreclosed properties. With interest rates 6 to 10%.

Are we having fun yet?

[decoy409]

life, now those are some great points! Nothing like kicking them when their down,and having it come back to bite you.

[Deleted]

Not residential pro, my business is CRE. If looking at US CRE nationwide, the bottom has passed. The bottom is not defined by professionals as all local markets reaching price lows. It is that point of inflection where after a down-cycle, the balance of rising prices is equivalent to still falling prices.

[Aman A.K.A. Ahamburger]

Decoy if all you did was speak against the corporations that would be fine, you try and convince everyone that we are slaves and we are controlled... EPIC FAIL! That is what the commies what all of us little people to believe. That we have it bad, and that we have failed, why?? Hmm I wonder... Oh ya go read my free enterprise thread, that will clue you into as why!

Life, if, that's a big IF because I'm very busy most of the time. If I play vids I use my PS3, thanks. Second, It's called LONG TERM.. Day trading is for.. well others...

Third....

Jul 22, 2011 14:18:45 GMT -5 @taciturnmensan said:

Not residential pro, my business is CRE. If looking at US CRE nationwide, the bottom has passed. The bottom is not defined by professionals as all local markets reaching price lows. It is that point of inflection where after a down-cycle, the balance of rising prices is equivalent to still falling prices.

Get it?? K for TM

PS.. My Uncles sister is one of those Canadian your talking about, except they aren't looking to , they love it! I also know a few more like that as well. You like anecdotal evidence don't you?

[decoy409]

"Decoy if all you did was speak against the corporations that would be fine, you try and convince everyone that we are slaves and we are controlled... EPIC FAIL!"

Well I can't give you anything there above simply becouse you lack the BIG picture. As well you certainly like to put words in peoles mouths and that never did work out to well as HISTORY has taught us.

[lifewasgood]

ahamberger

Your uncles cousins brothers friend that lives down the road said his cousin loves Arizona. You are one funny dude, how about putting the weed down and get off your butt and go to Arizona and check it out for yourself.

Ha Ha

[Aman A.K.A. Ahamburger]

Life what's so hard to get. My Uncle's sister on my mom's side bought a house in a gated community/golf course at the end of '09. They have a home in Nanaimo BC, so this is their winter place they pd I think 140k. They "lost" money, but don't care, because twenty years from now when they will have to sell, it will be a different picture. Need some weed to get that one?? It's a bit above your mind set right now I see.

Jul 22, 2011 17:37:13 GMT -5 decoy409 said:

"Decoy if all you did was speak against the corporations that would be fine, you try and convince everyone that we are slaves and we are controlled... EPIC FAIL!"

Well I can't give you anything there above simply becouse you lack the BIG picture. As well you certainly like to put words in peoles mouths and that never did work out to well as HISTORY has taught us.

Dude give it up, you know NOTHING about the history you speak of. You really thought you had something...BUT...

[lifewasgood]

Thanks for confirming my report, the value of the houses that were bought at a time (09/10) when many were being fed the story that the housing market had bottom, now have ownership in properties worth less than what they paid. Many of these properties are being put back on the market at a time when the market is saturated with empty houses. The speculation buying is now starting to hurt the effort to recover the Arizona Housing market.

If the US economy does manage to grab a little traction and the dollar does rise back to the mid 80's on the index, then the Canadian dollar will lose some of its luster. It will be interesting to see what impact if any that has on the Arizona Market.

One of the problems with the Arizona economy is it relies on visitors coming every winter from other states and countries. Many of those are elderly on SS and other pensions which afforded them the opportunity to have two homes. One in Arizona. It is not hard for those to imagine that under these conditions, the Arizona housing market could take many decades to recover.

What caused the Arizona Housing Boom is a long story, but basically it started during the Clinton administration. During the 90's, many public lands were closed off or put on 14 day restrictions thus creating the situation to force many of the Winter Visitors from RVing it in the Desert to RVing it in RV parks to eventually buying second homes. Many 55 and older communities have plenty of places for sale. 5 years ago there were waiting list to get in, along with new ones popping up everywhere.

From my point of view, Arizona housing market will not recover to peak pricing for many many years. One last thing on Arizona, I was and still am amazed at how many folks are still living in houses and not making house payments. Its as if the Banks don't care, Don't have the time, or the court system is to backed up to foreclose on these folks. I am talking thousands! Meaning, many many more houses to hit the market sooner or later.

[Aman A.K.A. Ahamburger]

I'm confirming that what your saying about the prices in Arizona is accurate. Your still missing what TM was pointing out.

I am well aware of why Arizona is in the place it is right now.. 60k new housing starts a year have anything to do with it? Yep. Your probably right about peak prices, but even at the 140k, that was still I think 50%+ off the the peak. They will get 200k for it in 15 years. Still way below the peak, but still in a good place.

The biggest thing that you have to remember is that NOTHING, is going to change the fact that Arizona, Florida, ect,ect, are places that people around the world want to retire too. Weather and freedom! It's going to be very interesting once the market show stability. I just think about the rush to get in when prices were to the moon.

How about the heard when they realize that they can now buy a house at half of what it was going to cost three/four years ago?

[decoy409]

Confirming from Canada what somebody in Az. is confirming from Az.?

Ok.

[decoy409]

See the latest? Why ROBO SIGNING is alive and kicking very well! Next housing report sugests housing sales are up!

[Aman A.K.A. Ahamburger]

Why are you laughing at the sate of the housing sector?? You really are sick man..

[lifewasgood]

It's not a laughing matter, what it should be is an eye open event. Banks committed fraud! and are getting away with it. Those that continue to feed the fraudsters are enabling the fraud to continue. Why? it's all about stock prices and the market. With so many invested directly and indirectly in financial Institutions, real reform will not happen. If it did, "MARKETS DOWN, PROFITS DOWN"

[decoy409]

Life, thanks for contributing that above. And it is a laughing matter depending what you are laughing about.
I am laughing becouse while those that were praising the housing far back as of recent,well while I was laying out the stats that things were dire,I took the slack from the same bunch doing the praising.


Now as they push and sell the RBO SIGNING still in play,and giving the nod that the old market is out of danger and picking up steam in sales as example,many are just more ROBO SIGNED sales!


Then as pointed out,10's of thousands of FELONYS have been comitted and not a single soul is being jailed for but handed the old BONUS instead!


And fines?? Get real!


And the old TAXPAYERS get clobbered for a good chunk of the fine and the drain goes in mixed up into something else.


Yeah this party is realling getting good!


Then the speaker states it's not funny?

[Aman A.K.A. Ahamburger]

Life do you think that all BANKS are the fraudsters? All companies? ect..

Decoy, why are you trying to disprove this so badly??? It's a discussion. The funny thing is, it was dead. Then all the sudden a blip here and there, and you know what.. TM points out exactly what I have been trying to say to you, but you ignore that.

You know what the fines point out?? What went on! Very important, it's showing that yes, these people did some VERY bad things. Should they be fined BILLIONS?? Should the courts bankrupt America?? Is that why your laughing??

The funny thing about the truth is that is always has a way of coming out... Nebru.. cough .. Final.. cough.. Denver Airport.. cough,,

[lifewasgood]

Ahamburger,

My theme is simple, Equal law for all, and that means equally applied. You and others have bought into the TBTF and accept giving them a pass knowing full well they ruined the US economy. The crime of the Century and we are suppose to give them a pass. Did all banks commit Fraud, probably not, but an honest investigation would flush the guilty from innocent. What should happen to the guilty? (Enron ring a bell) The TBTF need to be broken apart and the monopoly destroyed.

The banking fraud continues even today and IMO getting worse. The more info that surfaces the uglier it gets. Unregulated Derivatives, 16 Trillion lent from the fed unaccounted for, money laundering, No meaningful Banking changes to prevent all this from happening again, and it will very soon IMO.

The housing market in some of the hardest hit areas has not found bottom yet. But I agree it will sooner or later. Unfortunately, when it does find bottom, most folks wont have good enough credit to buy a house. Can we say Land Lords for many decades to come!

[decoy409]

life,

When it finds bottom will be after the damage is complete. Which would mean 'change' and a new standard of living in this country.

The picket fence and ranch home as in some Lucy movie,or the american dream. Pump your hard earned capitol in,and without knowing it was being pilferred left and right from you while you were. Now the old american dream purchased losses it's equity.
Why a very similar tale can be told about many,many things such as SSI for example.

[maui1]

our gov't doesn't do/know what is right, they do what lobbyist tell them what is right, and they are rewarded for the action.

as i have said over and over again..........one time, 4 year, term limits, fixes this unhealthy relationship between business and gov't.

[Aman A.K.A. Ahamburger]

Jul 26, 2011 7:05:43 GMT -5 @lifewasgood said:

Ahamburger,

My theme is simple, Equal law for all, and that means equally applied. You and others have bought into the TBTF and accept giving them a pass knowing full well they ruined the US economy. The crime of the Century and we are suppose to give them a pass. Did all banks commit Fraud, probably not, but an honest investigation would flush the guilty from innocent. What should happen to the guilty? (Enron ring a bell) The TBTF need to be broken apart and the monopoly destroyed.

The banking fraud continues even today and IMO getting worse. The more info that surfaces the uglier it gets. Unregulated Derivatives, 16 Trillion lent from the fed unaccounted for, money laundering, No meaningful Banking changes to prevent all this from happening again, and it will very soon IMO.

The housing market in some of the hardest hit areas has not found bottom yet. But I agree it will sooner or later. Unfortunately, when it does find bottom, most folks wont have good enough credit to buy a house. Can we say Land Lords for many decades to come!

How did I buy into the TBTF again?? First off TBTF is a coin phase now popular because of the crisis. I love that. Equal for all as long as what, the USA is better than everyone else in the world?

Might want to look at the Classical period in India and how that was interrupted by a little thing called the East India Trading Company.

Now the USA/NA is helping India and China/the world, rebuild because of what our European ancestors did and some people act like it's the worst thing that has ever happened. Hmm maybe there is a REASON for it, that goes back to before your time LIFE! NOT EVERYONE FORGETS!!

Ya, I feel bad for the people that bought into the idea that you can use your home as a bank. That inflated equity because of a overheated housing market was YOUR money. However, that happened because people have FREE WILL to do what they want. Again the story was IT's YOUR MONEY!! Get it?

However, I'm glad that you understand that it will heal eventually and America will go on.

[maui1]

most major mortgage holders are starting to bulldoze homes. this is the free market at work.

have a problem selling because of a bad mortgage records, no problem, tear it down.

have a problem keeping up the property taxes, yard, paint, no problem, tear it down.

have a problem selling, no problem tear it down.

have a problem managing all the vacant homes, no problem, tear it down.

[decoy409]

"#319 First off TBTF is a coin phase now popular because of the crisis."

Well what 'crisis' would that be again and when did you say it (coin phrase) started? Just curious.

[decoy409]

What's up? Don't have that answer?

[Aman A.K.A. Ahamburger]

That would be this one big guy.. Wow how about that you guys buying into media spin, who would have ever thought!!!!

en.wikipedia.org/wiki/Too_big_to_fail

[decoy409]

Sorry Charlie but I will take you to school now. How about Harvard and I am allowing this short course FREE!

Here is a Harvard Professor stating his piece as to the, 'coin phrase,TBTF'

Enjoy the whole presentation as it goes back in HISTORY long before the following.

Cross-Border Resolution of Bank Failures
Patrick Kenadjian

(short expert) - At the center of the issue of cross-border resolution of banks is the “too
big to fail” (“TBTF”) problem. TBTF is the largest remaining obviously
unsolved systemic issue left over from the 2007/2008 crash, and the cross-border
aspect of it is what makes it particularly difficult to solve.

www.law.harvard.edu/programs/about/pifs/symposia/europe/2011-europe/concept-papers/kenadjian.pdf

[decoy409]

Oh and by the way,great EXAMPLE of how to pick and choose as I have discussed numerous times. Why when I used the 'wikipedia' you have said in the past it was not a credible source. But pick and choose I see does indeed reflect.

No I am not looking for a argument with you,I am simply putting it down for the record.


No foul.

[Aman A.K.A. Ahamburger]

This message has been deleted by moon because the name calling is getting old.

[decoy409]

Sorry you are unable to comprehend. All the same,have a great day!