Comments on: Money for nothing

By: Future Expatriate

Future Expatriate — Mon, 05 Oct 2009 19:33:06 +0000

PS. To #82

As far as the “War” on “Drugs”, the US will simply remove pot from the equation (officially decriminalize it) “to concentrate our resources on more dangerous drugs and crime.”

By: Future Expatriate

Future Expatriate — Mon, 05 Oct 2009 05:10:53 +0000

#81 – And I predict that when Obama and Schwarzenegger (BOTH closet HEAVY pot smokers) get on the same page regarding the ONLY way to save California, Vancouver real estate, and by influence, the rest of BC, will tank farther than Miami, San Diego, and Las Vegas put together because of the overnight end of the narco-economy. 50% minimum, 60% or even more maximum.

If you think that economy can survive by ONLY supplying pot to a population (Canada) the size of California, you’re sadly mistaken.

While California will have fields as far as the eye can see supplying the entire US through Big Pot (the offshoot of Big Tobacco.)

And there is nothing anyone can do about it either. As far as the US’ war on drugs; there’s no more money for prisons to continue it. ESPECIALLY in California.

Sorry about the generalization… when a blog is invaded as much as this one has by real estate pumpers, one is inclined to believe that anyone who draws the same conclusions IS one.

By: S.

S. — Sun, 04 Oct 2009 21:33:27 +0000

I wouldnâ€™t dispute your stats as to the numbers of grow ops in Vancouver. I donâ€™t live there and, quite frankly, that â€œindustryâ€ does not interest me at all. As to whether the US is about to abandon its â€œwar on drugsâ€, wouldnâ€™t bet a penny on that. But then who knows, seems like all bets are off these days… That was not at all the issue I took with your post. Hereâ€™s what bothered me. I took the time from a busy schedule to present a point of view that, although contrary to most posts on this blog, is fairly accurate. I substantiated my opinion with some basic facts. I also mentioned my background to circumvent any negative assumptions as to my objectives. All to no availâ€¦ You, rather than taking issue with my reasoning, posted a cynical comment questioning my motives: “Amen to thatâ€¦ another real estate agent or investor or associated service industry, no doubt.” And this is how some very good blogs get brought down. They become overwhelmed by negative comments, personal attacks and thoughtless ideology that drives away less linear thinkers. Eventually all thatâ€™s left is a group of individuals all nurturing the same thoughts: a peer support network. Great to make each other feel better but useless as far as learning anything new is concerned.

PS
I believe that Canadian real estate is significantly overvalued. A significant pullback will eventually take place and – in my humble opinion – Vancouver will hold up better than most other large cities for reasons I previously mentioned. Apart from the occurrence of significant geological events, of course.

DISCLOSURE: I do not hold any Vancouver real estate and do not stand to profit or to suffer losses as a result of housing price fluctuations in that jurisdiction. I am not involved with any industry affiliated with the real estate business. I sure as hell am not a realtor. (Overqualified for that.) Clear enough?

By: Future Expatriate

Future Expatriate — Sun, 04 Oct 2009 16:23:28 +0000

#77 – You dispute that when I’ve seen estimates that 1 out of 4 houses in Vancouver are grow-ops?

Good luck to you and your real estate investments then.

As far as California legalizing pot? A done deal, just a matter of months or even weeks.

Black economies never last. And the pot one in BC is in its last and greatest bubble.