Comments on: Dr. Blog

By: Evangeline

Evangeline — Tue, 06 Oct 2009 15:51:46 +0000

Garth

((I said banks. — Garth))

So the value of bank preferred shares are static and and never go up or down?

Same as your age. — Garth

By: Men With Hats

Men With Hats — Tue, 06 Oct 2009 03:08:19 +0000

Why cant the police do it?

Illegal . Police need a probable cause warrant before they can do a fly over looking for heat signatures . SCC ruled on this years ago .
The big grow ops are well insulated and produce no tell tale heat .Big ones are underground .

By: casanova

casanova — Tue, 06 Oct 2009 01:02:15 +0000

I agree with jealous taxpayer, it is clear that there is no will from the BC goverment to stop the grow ups here. It is big business for everyone and the goverment profit indirectly from it.
I can eradicate this business in a matter of one month, just take a helicopter with an infrared camera and find all the heating spots and bust them. Why cant the police do it?

By: Dan in Victoria

Dan in Victoria — Tue, 06 Oct 2009 00:57:39 +0000

Austrailian real estate agents to face one million dollar fines for fake bids. I wonder how that would play out in Canada? http://www.theage.com.au/national/agents-to-face-1m-fines-for-fake-bids-20090718-dozy.html?ref=patrick.net

By: Jeff Smith

Jeff Smith — Tue, 06 Oct 2009 00:34:28 +0000

I tell ya, learn something new everyday. I was under the impression that the factories over there in Guangdong are only idling temporarily. Repatriated jobs; now that’s another matter and an eye opener.

According to this chart, the closest Big Mac index # to the one you listed is at $1.52 which places your location in Malaysia.

http://www.economist.com/markets/indicators/displaystory.cfm?story_id=13055650

>#44 Onemorething on 10.05.09 at 9:40 am #29 Jeff S,
>
>Yes, you know where SE Asia is? Do you think the >closure of 100,000 factories in Southern China is good >for business?

>And Shanghai, well I’m sure the 30% and growing >empty office space means business is good too!

>Take a guess on how many jobs were repatriated back
>to the western world in the last 24 months? And those
>jobs are not coming back to Hong Kong or China!

>And those repatriated went back to RE that is under
>water!

>Many are choosing to manage their Asian growth from
>SE Asia! It makes good sense!

>But then again, its only my opinion living in HK and
>China for 8+ years and doing business throughout the
>whole region and global for over 20 years.

>I now live where the Big Mac Index is $1.32! That will
>give away my new home!

By: Onemorething

Onemorething — Mon, 05 Oct 2009 23:44:32 +0000

#41 GTA Disillusioned

The fact that you are reading this blog and havent made the case for renting means you are loosing the battle bro!

As mentioned to previous posters in this dilemma, test the strength of the relationship by renting!

Better yet, have your Sis in law and wife read this blog. I agree, if the condo is such a great deal then have good ole sis in law buy it and rent it to you.

In the future, Investment Bankers and RE Agents will never own up to their previous employment it will be that bad.

Tough Love from Onemorething!

By: andrew

andrew — Mon, 05 Oct 2009 23:39:47 +0000

#75 Grumpydawgs and others

Hey, I know a guy who can give you a deal like that, maybe a bit better, even around 12%. The thing is that the guy is out of town now but if you want I can get you in touch with him. If i remember correctly, Bernie will be back in about 150years

By: Vancouver Old-timer

Vancouver Old-timer — Mon, 05 Oct 2009 23:16:18 +0000

I live in the Arbutus area and currently there are 6 rental properties on my side of the block, 2 have been empty for quite a while. I don’t know who owns the houses but do know that the grow-op business has died down on my street after the police busted four in a matter of months. The one next door to us (we were between two) was rehabbed at a cost of $27,000 to just do the bare minimum. The city requires re-wiring, a new furnace and hot water tank and anything else that strikes their fancy. The house on the other side of me was fixed up to minimum standards and sold for $834,000 three years ago, and after many repairs and a frequently leaking basement the owners bailed and sold last month, barely breaking even after spending more that $100,000 to just stay dry and warm. The grow-op business seems to be most profitable if you can use someone else’s house to do it in. If California does legalize marijuana I do think there will be a lot of screwed would-be property moguls.

By: unbalanced

unbalanced — Mon, 05 Oct 2009 23:03:54 +0000

# 46, # 52, # 62.

Read Garth’s Blog for September 22 , 2009

By: Soju

Soju — Mon, 05 Oct 2009 22:30:42 +0000

Sure start your grow-op and get shot. Nice return! By the way, Values of most investments go up and down every day, month and year. Even the great dividend paying ones. At least I can still take a crap in my place even if the value have gone down for a few years. I guess you can wrap up your crap in your paper trades. For those renters, pretty clever to see you guy’s say your getting ahead by just saving the difference between what your mortgage would be and your rent is, but only a few of you do. The rest of you just waste the money just like you do when paying rent. Can’t wait to see you guy’s paying rent all through retirement.