Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Nov 27, 2012 0:49:18 GMT -5
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Driftr
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Post by Driftr on Nov 27, 2012 10:33:10 GMT -5
I don't look at him as a Canadian. Rather another Goldman alum. ;-)
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Nov 30, 2012 23:51:26 GMT -5
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Post by Deleted on Dec 1, 2012 10:15:26 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Dec 2, 2012 1:31:19 GMT -5
It will come. Right now there is pent up demand and this is what is slowly driving growth. It will fuel the economy along with other sectors, because of taxing and spend cuts in 2013 it will be slow though, just like it has been. The good news in all of this slow growth is that it truly looks like the worst is over in the housing crisis and the market has been slowing moving up since 2011.
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Post by Deleted on Dec 2, 2012 7:10:23 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Dec 3, 2012 1:27:04 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Dec 18, 2012 0:37:37 GMT -5
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Post by Deleted on Dec 27, 2012 16:23:59 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Dec 28, 2012 15:46:20 GMT -5
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usaone
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Post by usaone on Jan 17, 2013 22:39:40 GMT -5
Regular buyers will replace the investors as the economy picks up. The media saying the housing bottom is in will help housing sales not hurt it.
The bottom in housing is in the rear view mirror.
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jan 18, 2013 0:43:51 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Feb 22, 2013 0:32:07 GMT -5
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engleclair
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Post by engleclair on Feb 22, 2013 11:27:18 GMT -5
Perfect! Let's now stop the Fed's intervention! You agree, right?
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Feb 25, 2013 9:57:39 GMT -5
Yep, that's what 10% capital on the books at all banks is about my friend. Step by step on the way towards a sustainable economy, it's only been 100 yrs out of thousands in our economic evolution. Good things always take time.
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Feb 28, 2013 1:20:21 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Apr 20, 2013 16:31:09 GMT -5
Once again bank earnings have been rocking. Now that the bottom is in and the recovery is starting to hits its stride the big Banks start making foreclosure payments to people who wrongfully lost their homes during the crisis. I like to think this proves that even though business and politics is intertwined they aren't working against us, it's just up to the consumer to lookout for their own future. Also, building on another trend that was discussed earlier this year a Fed lawyer says regulators can break up banks in good times.
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jan 16, 2014 2:05:54 GMT -5
A year and a half of really good finical earnings has cemented the fact that the US housing market bottomed in 2011. A fact also clearly demonstrated here... Without sales bottoming in 2011 there would be no price increase in 2012-present and the shadow inventory of homes wouldn't have dropped from 12 to 4-6 million. Now that tapering has begun interest rates will start to climn and they are already substantially higher than they were a year ago. Since deflation still persist as the main underlying problem in the economy rates won't jump to 8% this year, but I agree with BiMetal when he says 5% on the 10 withing 18 months. This brings us to the next emerging trend in the global housing market. Housing markets that continued upword because of lower rates after an initial down turn in 2009. For any analyst to say with a straight face that these places aren't in a bubble is sickening. For them to say that places like Canada have bottomed already is even worse because we are just entering the next cycle.... The entire globle was in a property bubble before the US crashed and now most places at 20-60% higher than the US. The Canadian govt while saying there was no property bubble moved to limit the real estate price increases and the results were interesting.. It actually ties in nicely with the start of this thread... Bottom line, what does it say when a seasoned vet in the real estate biz won't sell a couple that we know a house because he thinks prices in the 500k range are going to drop another 100k? It tells me the same thing that all cash sales buy big real estate investors in US property does. Higher interest rates are going to create better opportunities in places that were hot when the US was not. Like at the start of this thread.
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jan 20, 2014 0:44:39 GMT -5
As the housing market gathers steam, House flipping makes a comeback. However, since the market is only about 60% of the way to being recovered, it's important to note that many states are still cleaning up the backlog of ‘zombie homes’. So while a hike in interest rates is a cause for concern in many of these over valued real estate markets, it's going to be a welcomed event in the uneven US housing recovery there has been thus far.
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Mar 25, 2014 10:10:54 GMT -5
More good news on the US economy today. While home prices have cooled over the past three months, thanks to interest rates, prices are up 12% y-o-y. As the economy continues to grow in a slow and steady pace, the housing market is set to continue to heal. In other words, the cycles in the US economy continue to move in a positive direction.
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Apr 29, 2014 22:00:37 GMT -5
I was reading back through the first 10 pages or so of this thread. The common theme would be disbelief, without a doubt. So many references to the shadow inventory that it's funny really. Especially now because it was stated time and again back in 2011-2012 that investors were cleaning this "shadow inventory" up. Honestly the crap that USAwon and myself took for being "brainwashed" is a badge of honor now. Now that we have gone through a year and a half of recovery, rising interest rates are having the desired effect. Honestly, it's just like USAwon said, it happened so fast that prices heated up before anyone really realized that the market had bottomed. The other thing that was brought up in the first couple of pages was the Canadian housing bubble. Since rates are starting to creep up, I think it's time to start touching on the top in the Canadian housing market more. Newly released data shows that the price gap between the US and Canada has hit a record. This is one of the reasons that we are renting for a short time. The other is, and this is on the first couple of pages, back in 2011 I thought we would start to see a leveling of prices here in Canada. What happened is the bubble kept growing across the country. Until the beginning of last year that is. What started happening last year was the beginning of the West coast correction(WCC). Instead of it staying localized, it actually started to spread. In Saskatoon here prices in the area where I live dropped from the 500-600k range, to 400-500k range. Instead of people taking this as a sign to wait they kept piling on more debt, because you could get more for less.. This is why the average home price in Canada is still on the move up, for now. I say for now because we are overbuilt. In Regina a big developer has given back lots to the city and in Saskatoon here, we were seeing sales on last years inventory. People that bought homes last year are seeing their cookie cutter homes go for less and the revelation that they are now underwater is slowing sinking in. Canada's debt levels are just as bad now as they were in the US, and while I don't see a US style meltdown up here, Canada could be in for a very Japanese style housing correction.
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on May 16, 2014 20:27:32 GMT -5
More evidence of a stronger quarter of growth in the USA, even while velocity is in the pits.. Just like when the market bottomed and began to recover.. Who would have thought?
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on May 22, 2014 11:11:24 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on May 29, 2014 16:04:31 GMT -5
The other thing that was brought up in the first couple of pages was the Canadian housing bubble. Since rates are starting to creep up, I think it's time to start touching on the top in the Canadian housing market more. Newly released data shows that the price gap between the US and Canada has hit a record. This is one of the reasons that we are renting for a short time. The other is, and this is on the first couple of pages, back in 2011 I thought we would start to see a leveling of prices here in Canada. What happened is the bubble kept growing across the country. Until the beginning of last year that is. What started happening last year was the beginning of the West coast correction(WCC). Instead of it staying localized, it actually started to spread. In Saskatoon here prices in the area where I live dropped from the 500-600k range, to 400-500k range. Instead of people taking this as a sign to wait they kept piling on more debt, because you could get more for less.. This is why the average home price in Canada is still on the move up, for now. I say for now because we are overbuilt. In Regina a big developer has given back lots to the city and in Saskatoon here, we were seeing sales on last years inventory. People that bought homes last year are seeing their cookie cutter homes go for less and the revelation that they are now underwater is slowing sinking in. Canada's debt levels are just as bad now as they were in the US, and while I don't see a US style meltdown up here, Canada could be in for a very Japanese style housing correction.
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jun 10, 2014 21:22:26 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jul 2, 2014 15:17:18 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Sept 25, 2014 21:07:02 GMT -5
Here we are three years after housing sales bottomed and Sales of New U.S. Homes Surged in August to Six-Year High. Better yet, rising prices have caused Over 900,000 homes regain equity in second quarter. While one would think that a healing US economy would lead to higher interest rates - which are off their historical lows - the fact is major socioeconomic and geopolitical issues will keep them in check. While low rates is a boon for the US market, the opposite it true for Canada - even though some out there try and argue the opposite. Because of historically high debt because of low rates, people can no longer keep taking on higher mortgage payments which means prices have only one way to go.
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Nov 20, 2014 0:33:01 GMT -5
US housing remains in recovery mode, while three markets in Canada continue to distort the market. Just talked to my RE agent today. Not only did he congratulate the Mrs. and I for getting out two years ago - as prices are already down substantially since then - he told us to keep renting because prices are about to go down, down, down. TheThe following article fails to mention two of the bigget reasons Canada's housing market is in a bubble: China's property market is imploding, and a global conflict will stop immigration in its tracks. Stay
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Dec 3, 2014 14:52:21 GMT -5
People will come up with all the reasons in the world for why there isn't asset bubbles, too bad for them numbers don't lie.
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Feb 20, 2015 15:55:14 GMT -5
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