Comments on: Perfect storm http://www.greaterfool.ca/2008/07/25/perfect-storm/ Book and Weblog - Authored by Garth Turner Thu, 09 Sep 2010 18:34:08 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: ForexFires http://www.greaterfool.ca/2008/07/25/perfect-storm/comment-page-2/#comment-39699 ForexFires Fri, 21 Aug 2009 15:18:50 +0000 http://www.greaterfool.ca/?p=331#comment-39699 Keep up the good work Keep up the good work

]]> By: cmh http://www.greaterfool.ca/2008/07/25/perfect-storm/comment-page-2/#comment-3482 cmh Fri, 01 Aug 2008 15:59:10 +0000 http://www.greaterfool.ca/?p=331#comment-3482 The article in the Calgary Herald sent shivers up my spine. Rachelle Starnes and Ted Zaharko are realtors not economists. It is frightening that there are people who will take their word at face value. It is even more frightening that these realtors make these claims and assume that we are gullible enough to believe them. It would behoove these realtors to keep up with the global geopolitical climate. If they were reading the Telegraph in London, The Business News in Singapore, the NZ Herald, the LA Times - a different picture would appear. Further, the independent economists out there not employed by the banks or the real estate companies are providing valuable information. Clearly, this is a global situation and Calgary is not immune. I sense they really are acutely aware of what is unfolding, but it is not in their best interest to share this knowledge with the general public. The article in the Calgary Herald sent shivers up my spine. Rachelle Starnes and Ted Zaharko are realtors not economists. It is frightening that there are people who will take their word at face value. It is even more frightening that these realtors make these claims and assume that we are gullible enough to believe them. It would behoove these realtors to keep up with the global geopolitical climate. If they were reading the Telegraph in London, The Business News in Singapore, the NZ Herald, the LA Times – a different picture would appear. Further, the independent economists out there not employed by the banks or the real estate companies are providing valuable information. Clearly, this is a global situation and Calgary is not immune. I sense they really are acutely aware of what is unfolding, but it is not in their best interest to share this knowledge with the general public.

]]> By: Keith in Calgary http://www.greaterfool.ca/2008/07/25/perfect-storm/comment-page-2/#comment-3456 Keith in Calgary Thu, 31 Jul 2008 18:36:25 +0000 http://www.greaterfool.ca/?p=331#comment-3456 Sell...rent...and buy a nicer one than you have now in 3-4-5 years for less than the $300K your is worth today. The interest you could get is 4%.....so $12K a year interest income kinda offsets the $18K of rent you may have to pay. Sell…rent…and buy a nicer one than you have now in 3-4-5 years for less than the $300K your is worth today.

The interest you could get is 4%…..so $12K a year interest income kinda offsets the $18K of rent you may have to pay.

]]> By: Jamie http://www.greaterfool.ca/2008/07/25/perfect-storm/comment-page-2/#comment-3454 Jamie Thu, 31 Jul 2008 17:50:14 +0000 http://www.greaterfool.ca/?p=331#comment-3454 Garth, what would you recommend someone do in this real estate market if you already own your home? I've been in Calgary 10 years and bought a home when I moved here for $150,000. I own it outright, mortgage free and in the current market could expect to get about $300,000. Now, assuming I don't want to leave Calgary and I'm already at the entry home level so downsizing isn't an option, is there really anything I can do other than sit back and absorb the paper loss in the value of my home? Garth, what would you recommend someone do in this real estate market if you already own your home? I’ve been in Calgary 10 years and bought a home when I moved here for $150,000. I own it outright, mortgage free and in the current market could expect to get about $300,000. Now, assuming I don’t want to leave Calgary and I’m already at the entry home level so downsizing isn’t an option, is there really anything I can do other than sit back and absorb the paper loss in the value of my home?

]]> By: Suzie Orman http://www.greaterfool.ca/2008/07/25/perfect-storm/comment-page-2/#comment-3412 Suzie Orman Wed, 30 Jul 2008 14:52:42 +0000 http://www.greaterfool.ca/?p=331#comment-3412 I wonder if we will be lucky this time and skate by this recession. Perhaps we may get another rich immigrant wave coming from China, India, Korea or Russian to sustain our real estate market. Something the rest of Canada does not have to fall back on.As far as the so called conspiracy websites I find them more informative and honest than main stream media. I wonder if we will be lucky this time and skate by this recession. Perhaps we may get another rich immigrant wave coming from China, India, Korea or Russian to sustain our real estate market. Something the rest of Canada does not have to fall back on.As far as the so called conspiracy websites I find them more informative and honest than main stream media.

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