Comments on: Yeah, right

By: Kelly McMae

Kelly McMae — Tue, 03 Nov 2009 02:14:46 +0000

#1 Atrax – strongly suggest the following BBC documentaries
http://en.wikipedia.org/wiki/The_Mayfair_Set
http://en.wikipedia.org/wiki/The_Century_of_the_Self
http://en.wikipedia.org/wiki/The_Power_of_Nightmares
http://en.wikipedia.org/wiki/The_Trap_(television_documentary_series)

Thanks very much for those links. Watched the “century of the self” and potentially one of the best documentaries that I’ve watched. Incredibly insightful and auspicious.

By: Soju

Soju — Mon, 02 Nov 2009 17:25:35 +0000

To the 24 year old with 2 kids and wife. Your house is paid off so now you can save it’s just that easy.

By: jess

jess — Sat, 31 Oct 2009 18:23:45 +0000

The toll has taken it’s toll

So the math models were for the purpose of extracting upfront fees to collect /rationalize bonuses?
http://wotnews.com.au/news/Michael_Evans/

By: Grizzly

Grizzly — Sat, 31 Oct 2009 02:45:52 +0000

Paul. If you were talented enough at 24 to have a welding ticket, build and pay off a house, then stick with it. Even if you lose your job, your expenses are low and welders are essential. You’ll find more work, even if you have to travel for a bit or you will be in a position to start your own business out of your garage or the back of truck. Everyone needs a welder eventually. Keep on welding!!

By: Future Expatriate

Future Expatriate — Sat, 31 Oct 2009 01:46:26 +0000

#90 – In all honesty, you DID conveniently forget to mention the -50° windchill blizzards each winter.

By: john m

john m — Sat, 31 Oct 2009 01:06:48 +0000

Well from personal experience i must say–anyone who lives on the west coast and is willing to sacrifice their life and earnings to own a piece of the most overpriced real estate in the country –should really do some travelling.I lived in BC for over 20 years…(made a good living but paid thru the nose to live).I moved back to Ontario 6 years ago when the cost of living became ridiculous and the future prospects became as dismal as the weather.I bought a property in Ontario for 1/10 th of what it would have cost me in the lower mainland……lower taxes….cheaper food..fresher veggies and some beautiful countryside…….nice people and most of all i rarely even lock my door because something i own is not being stolen if it is not locked and chained to something. The future for that environment is dismal……….life is short and anyone who thinks that is the way people must live has seriously lived a very sheltered life.

By: JJ

JJ — Sat, 31 Oct 2009 01:00:15 +0000

Did we not learn anything from our parents?
We all need a place to live. Buy what you can afford, forget about what your friends and family are buying.
They do not pay your bills. Own everything outright or at least try to live your life like you are making an effort.
Savings is not an option, it is part of your monthly expenses.
At the end of the day, no one cares what you are driving or how big your house is.
If someone in your family gets the swine flu, do you have enough cash to take the time of work to deal with it?
Stop being so god damn greedy and live within your means.
Who are all these clueless people on here asking Garth for advice on what to do? People, stop shopping and put your money away for a rainy day. We all know it’s coming…

By: Grantmi

Grantmi — Sat, 31 Oct 2009 00:43:00 +0000

Oh my Gosh!!!!

Here comes CarneyJuice!!!!! RUUUUNNNNN!!!

http://i34.tinypic.com/r2u4gl.png

I like this so much I’m stealing it. — Garth

By: Onemorething

Onemorething — Fri, 30 Oct 2009 23:07:36 +0000

#39 TO C9 Renter,

Yeah, my bad, read the letter as dropped the price “too” $150K instead of “by” $150K.

Paul, you either listed the house too high in the first place or your location sucks big time. Forgot to read the offical plan that states, “When the Sh*t Hits the Fan, the Governement will stimulate with an infrastructure spending spree in which a new major highway has been planned 500m from the back of your property”.

Overpriced or badly located, I change my advice to a STRONG SELL if you are overpriced.

If your location sucks, you have to eat it bro!

By: TJ

TJ — Fri, 30 Oct 2009 22:25:50 +0000

Billionaire investor George Soros said a “bloodletting” may be coming for leveraged buyouts and commercial real estate amid the worst slowdown in 70 years.

“In commercial real estate and leveraged buyouts, the bloodletting is yet to come,” Soros said today during a lecture organized by the Central European University in Budapest, where he was born. “These factors will continue to weigh on the American economy, and the American consumer will no longer be able to serve as the motor for the world economy.”

http://tinyurl.com/y4lug8

CIT – the largest Commercial Lender in the Lower 48 narrowly avoided going broke today:

(CIT:US) dropped 24 percent to 72 cents, the biggest drop in the Russell 1000 Index. The 101-year-old commercial lender trying to avoid collapse reached a deal with Goldman Sachs Group Inc. to reduce a $3 billion credit facility to $2.13 billion and keep the line open should CIT file for bankruptcy.

CIT also announced an agreement with billionaire investor Carl Icahn to support its restructuring plan. Icahn will supply a $1 billion credit line that can be used as bankruptcy financing, the company said.

Story http://tinyurl.com/3mne9u

**The BIGGEST lender to small business (*the true engine of commerce) in the United States. This is an ominous development.
Sure, you mention this is America – so what?
Canada sells just about 3/4 of it’s trade into a market that is lying on the Beach gasping for breath.

If you don’t believe money is tight everywhere – ask the cabbies how business is!