Comments on: Four dogs http://www.greaterfool.ca/2008/11/14/four-dogs/ Book and Weblog - Authored by Garth Turner Wed, 08 Feb 2012 17:27:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sean http://www.greaterfool.ca/2008/11/14/four-dogs/comment-page-2/#comment-10005 Sean Mon, 24 Nov 2008 21:26:38 +0000 http://www.greaterfool.ca/?p=786#comment-10005 this thread is dead! this thread is dead!

]]> By: Sean http://www.greaterfool.ca/2008/11/14/four-dogs/comment-page-2/#comment-9404 Sean Mon, 17 Nov 2008 22:32:26 +0000 http://www.greaterfool.ca/?p=786#comment-9404 About 2 months ago the problem was realized in fact, the Gov. stated it will not invest in something that there is no market for! unfortunately the prob is much more than the demand for mid size and SUV’s! It all starts with the “Lee Iacocca” restructure of the automotive industry in north America, an industry that can not retool easily (would take years!) let alone billions of dollars! its much more than contracting a bunch of CNC operators to build new tooling. the industry is messed up, we cant compete with the Asian market because we cant get anyone to work for $3 an hour with no benefits or union protection! the entire NA auto industry will not enter a “hybrid” market for any reasons other than hybrids are still in development and are incredibly expensive! no market for GM Ford or Chrysler! at least not in Canada anyway. Go back to school and learn something other that threading bolts to get the Canadian Dream! Oh Yeah! I allmost forgot! most people can't afford to do that neither! lmao the whole deal just sux! About 2 months ago the problem was realized in fact, the Gov. stated it will not invest in something that there is no market for! unfortunately the prob is much more than the demand for mid size and SUV’s! It all starts with the “Lee Iacocca” restructure of the automotive industry in north America, an industry that can not retool easily (would take years!) let alone billions of dollars! its much more than contracting a bunch of CNC operators to build new tooling. the industry is messed up, we cant compete with the Asian market because we cant get anyone to work for $3 an hour with no benefits or union protection! the entire NA auto industry will not enter a “hybrid” market for any reasons other than hybrids are still in development and are incredibly expensive!

no market for GM Ford or Chrysler! at least not in Canada anyway.

Go back to school and learn something other that threading bolts to get the Canadian Dream! Oh Yeah! I allmost forgot! most people can’t afford to do that neither! lmao the whole deal just sux!

]]> By: Sean http://www.greaterfool.ca/2008/11/14/four-dogs/comment-page-2/#comment-9403 Sean Mon, 17 Nov 2008 22:23:17 +0000 http://www.greaterfool.ca/?p=786#comment-9403 Having grown up in Oshawa most of my family and friends are employed by GM or one of the small proxy companies from within the motors industry. I have noticed that now most of the people I know (80% or so) who purchased a home in southern Ontario are now looking for a way out of their mortgage, they have already sold the new mini van and the family cottage they purchased 5 years ago is now listed with MLS; and not selling! The only thing they have to look forward to is the compiling interest at the end of each month. With GM pulling out of Oshawa, the trickle effect it will have on the many smaller companies whom feed GM with parts and services are on the way out as well! This coupled with the detearating global economy will surly have an effect on the real estate market in Ontario! Almost everyone I know has multiple loans for things they couldn’t afford to purchase outright (boats, home entertainment systems, second vehicle, cottage) as well as the fact they are all still paying off their VISA from last Xmas! Living well beyond their means is common for Ontario folks whom lived with a false sense of job security for the past 20 years. Now they are faced with the real possibility of “long term” unemployment! I mean, how the hell do you “re tool” an entire province? So… Real estate professionals and the government of Canada can say what they want about the economy or its direction in Canada, what I am seeing are thousands of hard working people forced to cash in their tokens, go back to school and learn something other than threading the same nut on the same bolt as a means to pay for the “Canadian Dream” a house, cottage, snowmobile, bass boat, stocked beer fridge in the basement ect… This year there will be no jetski under the tree, instead I plan to pay off the Visa and throw a new set of rubber on the van! Having grown up in Oshawa most of my family and friends are employed by GM or one of the small proxy companies from within the motors industry. I have noticed that now most of the people I know (80% or so) who purchased a home in southern Ontario are now looking for a way out of their mortgage, they have already sold the new mini van and the family cottage they purchased 5 years ago is now listed with MLS; and not selling! The only thing they have to look forward to is the compiling interest at the end of each month. With GM pulling out of Oshawa, the trickle effect it will have on the many smaller companies whom feed GM with parts and services are on the way out as well! This coupled with the detearating global economy will surly have an effect on the real estate market in Ontario!

Almost everyone I know has multiple loans for things they couldn’t afford to purchase outright (boats, home entertainment systems, second vehicle, cottage) as well as the fact they are all still paying off their VISA from last Xmas! Living well beyond their means is common for Ontario folks whom lived with a false sense of job security for the past 20 years. Now they are faced with the real possibility of “long term” unemployment! I mean, how the hell do you “re tool” an entire province?

So… Real estate professionals and the government of Canada can say what they want about the economy or its direction in Canada, what I am seeing are thousands of hard working people forced to cash in their tokens, go back to school and learn something other than threading the same nut on the same bolt as a means to pay for the “Canadian Dream” a house, cottage, snowmobile, bass boat, stocked beer fridge in the basement ect…

This year there will be no jetski under the tree, instead I plan to pay off the Visa and throw a new set of rubber on the van!

]]> By: Peter http://www.greaterfool.ca/2008/11/14/four-dogs/comment-page-2/#comment-9365 Peter Mon, 17 Nov 2008 04:49:40 +0000 http://www.greaterfool.ca/?p=786#comment-9365 Scotia should have limited exposure to CDS and those nasty stuff..their most of sxit are those ATM mortgages...(80 % HELOC, 0 % 40 YR mortgage or buy better than rent mortgage)...The big 5 have all those mortgage promo teared down and now their great promo is HIGH INTEREST SAVINGS ACCOUNT or E-SAVINGS ACCT or GIC with higher interest rate....That means they rather WANTS your money instead of LENDING the money.. Scotia should have limited exposure to CDS and those nasty stuff..their most of sxit are those ATM mortgages…(80 % HELOC, 0 % 40 YR mortgage or buy better than rent mortgage)…The big 5 have all those mortgage promo teared down and now their great promo is HIGH INTEREST SAVINGS ACCOUNT or E-SAVINGS ACCT or GIC with higher interest rate….That means they rather WANTS your money instead of LENDING the money..

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