The greatest fool

The year may have brought a European debt crisis, a worse US housing crisis, cracked G20 heads in Toronto, regular crackheads in Vancouver, debt fatigue for families, Depends for Mark Carney, living dead in the Lower Mainland, turmoil in the orange guy’s shorts and Lady Gaga’s exploding nipples, but here at The Greater Fool we seriously, soberly and earnestly debated the issues of our times.

Well, almost. As usual there was a coterie of realtors in drag, Garth-bating neocons, sanctimonious prudes, closet racists and fascists and hippies, aliens, peed-off humourless economists and people who know everything. The good news is 69,720 comments have been published and 432 were incinerated. This year six naughty blog dogs humped, clawed and bite their way to jail and were banned for varying amounts of time. Three returned to active duty, two were pardoned but then appointed to the Senate and one’s still in the pound.

Over 2010 the monthly visits to this pathetic blog increased by a third, and there are now almost 5,000,000 of them a year. On Sundays only 10,000 visits take place, a number which increases by 50% on Mondays. It ain’t Facebook, but what the hell.

However, this disgusting, Cialis-deprived site was apparently potent enough to deserve a few DOS attacks, one of which was devastating enough to fry a few servers and nuke a large part of the archive. Like a coackroach, however, the blog crawled dusty but unbowed from the charred ruins, happy to continue infecting the nation.

Now, one of the pack, InvestorsFriend, has come up with a suggestion:

GREATEST FOOL OF ALL FOR 2010???
Garth how about for tomorrow or the next day we devote the Blog here to having the blog dogs vote on the Greatest Fool of ALL for 2010?
There will be no shortage of nominees from among the many fools and complete nutbars who troll this page. I will be dissappointed if I don’t get a few votes myself.
We can also vote in polictians and realtors, though it will be more fun to vote for blog dogs.
Let’s bring it on!!!
And the Nominees Are???

So, here ya go. Will it be the gold-licking Bullion Bunny? The ever-irritating Nostradamus? That prissy little man-hater Brynn? Big nutcase Big Lebowski? That damn fluoride guy?

So many whackjobs. So little time.

Over to you. Fetch.

318 comments ↓

#1 Spiltbongwater on 12.30.10 at 10:52 pm

Gotta nominate Greg in Oakville.

#2 kc on 12.30.10 at 10:57 pm

Give my vote to Nosty Jr…

happy new year everyone….

#3 Mark on 12.30.10 at 10:57 pm

My vote is for blog-dog of the year…and I would give it to whomever has had to find the photos for the daily posts.
Thanks for the grins, and a Happy New Year.

#4 Guy_in_Regina on 12.30.10 at 11:02 pm

So many indeed…. you know this will get ugly, right Garth?

I’ll give you my top 5:

1) Bill from Peterborough (#1 Bigot);
2) RealPaul (seek anger counselling dude);
3) Le Vlad Mad (madder than Vlad the Impailer);
4) BestPlaceonEarth (so wrong as to be comical); and,
5) Cookie Monster (specializes in ass-tickler batteries and plagarism).

Happy new year!

#5 Kuwaiti on 12.30.10 at 11:06 pm

“Like a coackroach…” LMAO. I love this blog, you’re one of the non politically correct Canadians I know, it’s good to see a voice of reason amidst the feel good stupidity in the media here.

Cheers to more traffic and quality comments in 2011.

Happy new year everyone, and Merry Christmas (yes, Merry Christmas!)

#6 Kuwaiti on 12.30.10 at 11:08 pm

oh and I nominate Nostradamus Jr. too

#7 Av8rmeat on 12.30.10 at 11:10 pm

CREA.

#8 Northern_dirt on 12.30.10 at 11:11 pm

TheBestPlaceOnEarth..

Though I don’t entirely believe he is a real person. Most likely someone playing an act of what he sees as the overall mentality of those involved in the RE market in Van and to a lesser extent the rest of Canada.

#9 waiting and watching Kelowna on 12.30.10 at 11:12 pm

1. Devils Advocate! I will be surprised if he doesn’t get a few votes.
2. TheBestPlaceOnEarth—but this may be one and the same, no?

#10 Amarillo on 12.30.10 at 11:15 pm

The guy who posts as Greatest Place On Earth or whatever is almost as irritating as my relatives who live in that sodden land of generic-faced delusionalists. Happy New Year everyone and three cheers for GT-man.

#11 Peter Pan on 12.30.10 at 11:15 pm

Photos of inter-species sex?

Where do you draw the line?

Trust me. Nowhere near it yet. — Garth

#12 Utopia on 12.30.10 at 11:17 pm

Well Garth, you just made me laugh harder than I think I ever did reading your site. Keep in mind I am sitting here alone, laughing all to myself while staring at a computer screen. A regular maniac by most psychiatric standards.

I would love to jump in with a vote or two.

Can’t really do it though. Dark Sad who drove me nuts for months and made me feel like I was eating shards of glass every time I opened one of his posts; well the guy actually has a lot of good insights. He does his homework too and is obviously intelligent.

And that Nosty le Mad Vlad….well where should I begin. The guy is is wingnut but I love the material he puts up every day. Nobody brings a better perspective to the terms “whacko”, “paranoid” or “conspiracy theory” better than he and it would be a shame if he abandoned us. (Keep up the good work Nost,…we love ya buddy).

Then we have one of our all time favorites. Devils Advocate of course. Does he not just piss you all off.!!!!!!!

And yet the guy is brilliant at times. He’s perfect for a roast but you’ve got to love him despite the flaws. A great writer, a thinker……even convincing at times (dead wrong on real estate of course but that is besides the point).

And I can’t leave without mentioning The BigLebowski. Now I love Gold too. Just not as much as him. Hard to argue with him lately though. The guy has been right for months and months on end. How irritating is that!!!
I knew I should have gotten more invested but my instincts are in conflict with my common sense.

The only people here who really merit words with fire and flames attached are the racists who I really cannot bear to even read.

Peterborough,..you stink.

#13 dubble on 12.30.10 at 11:19 pm

I vote for Mr. Fluoride in Oakville. I wonder, does he send us blog posts from within a hyperbolic chamber?

I would also like to hear from other bloggers on the impact visiting this blog has made on our lives.

Personally, I have reduced my debt by 9k in the past year. I have started contributing to my employers stock purchase plan, which pays a nice dividend, and is matched by 25% on an annual basis. I also opened an RRSP with my bank, and have 10% of my income automatically deposited from each paycheck. Sorry Garth… Lastly, I have been buying silver bullion with any extra money I have left over from expenses.

This is a total 360 from where I was headed prior to visiting this little blog… A year ago I planned to borrow a downpayment from my parents, and purchase an overpriced house with a 35 year term. Thanks Garth.

Happy New Year to all!

#14 almitra on 12.30.10 at 11:22 pm

Julian Assange,for audacity, courage, messianic fervour, and demonstration of the power of ideas.

#15 AGIC on 12.30.10 at 11:22 pm

#2 KC: Give my vote to Nosty Jr…
**********
Mine too to “The ever-irritating Nostradamus…”

#16 kenken on 12.30.10 at 11:23 pm

Nostradamus jnr all year long!!!!

Happy New Year 2011 to all blog dogs!
Thank you Garth… and keep it going!

#17 Aussie Roy on 12.30.10 at 11:26 pm

So many wack jobs, so little time.

I think we can safely say their days are numbered as the light of reality clearly illuminates the cracks of delusion.

Aussie Update

http://www.smh.com.au/business/banks-regroup-for-funding-challenge-20101230-19awd.html

http://www.smh.com.au/business/boom-to-boost-interest-rates-in-2011-20101230-19aw5.html

I have posted this link before, its not so much the story but the comments from everyday people which is the most telling.

http://www.news.com.au/money/property/report-says-australian-housing-market-worlds-strongest-in-2010/comments-e6frfmd0-1225977811410

I’ve seen it in every country, it starts with just a few logical thinkers posting comments being out numbered by the delusional. The logical chip away at the false truths, more people start to see the light and comments become more balanced. Towards the end comments are like those from the article above as the vast majority finally see the delusion. Denial remains from die hards, becoming more and more aggressive, I suppose there is no teaching those who dont want to be taught. The denial stage is the most interesting to watch.

Based on comments that I read on the Canadian main stream media the delusion is still strong but the logical are slowly slapping them with logic. It does appear Australia is a little further advanced down the logical track, amazing what a few interest rises can do.

I wonder what surprises (schemes) our masters in government and the RE industry have in store for us in 2011.

On a side note and I have only seen this AD on TV once so I’m unable to tell who is paying for it (I guess the retail sector). Goes something like this, We weathered the GFC, our dollar is above parity so get out there Aussies, its never been a better time to shop, support your local retailers. Presented by a well known Aussie financial talking head.

#18 Painted Toenails on 12.30.10 at 11:27 pm

Hilarious! FABU idea! Nosty has risen from the ashes of my contempt to tickle out the occasional agreeable head-nod from me. So I can’t nominate him for assiness like I would have before.

DA and Fluorid(a) win. Twin Preaks.

Sorry, couldn’t help myself.

Happy and Prosperous 2011 All!

#19 McLovin on 12.30.10 at 11:29 pm

Top 5

1. Devils Advocate
2. Devils Advocate
3. Devils Advocate
4. Devils Advocate
5. Devils Advocate

Did he mention he is incredibly happy and loves his life and we are pathetic haters and all miserable because we disagree with him?

#20 AGIC on 12.30.10 at 11:32 pm

#4 dubble on 12.30.10 at 11:19 pm
…”I would also like to hear from other bloggers on the impact visiting this blog has made on our lives.”…
******************
Personally, I have sold almost all my rental properties, reducing my exposure to RE, and considering to increase a precious metals holding.
Thanks Garth & bloggers.
Happy New Year to all!

#21 Min in Mission on 12.30.10 at 11:32 pm

Falling into line with many other “non-original thinkers”, I would go the guy that picks your pics. Where the heck does he get them/make them up?

I enjoy most of the posts here.

Have a great New Year.

#22 Barbmul on 12.30.10 at 11:32 pm

Devils Avocate who lives up to his name by annoying the hell of me (and many others, I’m sure).

#23 pablo on 12.30.10 at 11:35 pm

dubble a 180 would be better yet

#24 Hovering on 12.30.10 at 11:36 pm

realpaul

#25 Aussie Roy on 12.30.10 at 11:42 pm

My vote

BPOE, he would have to be one of the most delusional I’ve ever come across anywhere in the world. Mainly because he seems smart enough (?) to see the problems everywhere else but clings to the notion “its different in his little patch of the globe”.

I dont blame the RE types after all they need to be forever pumping confidence, bit like a car salesman really, always a great time to buy and boy, do I have a deal for you. – LOL

The sooner both the RE industry and the MSM present some actual fact based stories instead of the info-mercials they current spew out the better.

#26 Utopia on 12.30.10 at 11:48 pm

#104 prairie gal

HNY = Happy New Year!!!!
——————————————————-

Thank you Prairie Gal. I should have just ask you directly. You always come through…..HNY to you too!

#27 Wildroseblogger on 12.30.10 at 11:49 pm

Most overblown, sensationalist, credibility destroying RE pumper who I hope isn’t really dumb enough to believe his own BS: THEBESTPLACEONEARTH
Most overblown, sensationalist, credibility destroying, hypocritical RE Doomer who I hope isn’t really dumb enough to believe his own BS (but I fear he may be): Squiddly 77 of albertabubbleblog
Crazier than a two peckered owl: Nostradamus Jr, or whatever handle Fox Mulder posts those conspiracy theories under
Garth, thanks for sharing your views, even if I don’t always agree totally with you, reflecting on you posts and researching the topics you mention has made me more financially literate and well informed. Keep your posts realistic, your reporting unsensationalized, and your pictures dirty and humour dirtier and I’ll continue to read.
To everyone else: The comments section of this blog is what makes it so compelling. Please keep up the enlightening posts, and don’t get boring by always agreeing with Garth and each other. The last thing I want to read is a comments section where everyone sits around circle jerking each other about how stupid everyone else is who doesn’t agree with them, as is often the case on other blogs. I enjoy the diversity of debate that is unique to this site, so here’s to a safe and prosperous new year!

#28 Northern_dirt on 12.30.10 at 11:50 pm

#9 waiting and watching Kelowna on 12.30.10 at 11:12 pm

1. Devils Advocate! I will be surprised if he doesn’t get a few votes.
2. TheBestPlaceOnEarth—but this may be one and the same, no?
……………………………………………………………………………..

I don’t think so. Unless they are posting as different personalities. DA, from what I’ve read seems to only argue that there is merit to a good Realtor, and seems to agree that RE is overvalued, driven by emotion and bound to go down.

#29 dd on 12.30.10 at 11:51 pm

Nostradamus.

But make him take the medicine before he blogs.

#30 dubble on 12.30.10 at 11:51 pm

LoL.. I noticed it after clicking post… a 180 it is.

#31 OttawaMike on 12.30.10 at 11:55 pm

Bill Peterborough for the dawg nomination.

Dalton McGuinty for public figure Greater Fool with the motto : What is Not Forbidden Is Compulsory

Happy New Year!

#32 North van dude on 12.30.10 at 11:58 pm

I nominate BestPlaceonEarth/VancouverGoinUp

#33 Leanne on 12.30.10 at 11:58 pm

Hey, that reminds me – where’s Junius and his evil twin, Junius?

#34 DM in Calgary on 12.30.10 at 11:58 pm

My vote is for DA…. for both his multiple postings and vows to quit…. only to become like a VD treated with bad penicillin – returning even hotter and more repulsive. Waste of space on this blog. You could save significant bandwidth by deleting his nonsense.

Don’t forget his 30+year marriage to a 20 year old (yep, she looks like that – sure).

Rounding out the top five of ones to skip – Bullion Bunny, Nosty Jr., Best Place on Earth and brynn.

This basement dwelling renter is heading to the Riviera next week — Happy New Year and best wishes to all others. Here’s to 2011.

#35 bullion.bunny on 12.30.10 at 11:59 pm

Garth, Garth, Garth…..you are so lame. Don’t you have an ambulance to chase?

#36 bsallergy on 12.31.10 at 12:02 am

Garth, I nominate Jim Flaherty, the man who blew our real estate bubble, by allowing the 40 year no money down mortgage. Nothing like making people feel rich to get a majority for your party.

#37 Antonio on 12.31.10 at 12:07 am

I nominate my ex wife who insisted on buying me out of my portion of the house this year.

#38 ams on 12.31.10 at 12:09 am

I vote for the man/woman or demon who picks all the funny pics from this site.

#39 Mtl RE Observations on 12.31.10 at 12:11 am

You stir the pot so well. This will be very entertaining, indeed.

#40 MarcFromOttawa on 12.31.10 at 12:15 am

Devil’s Advocate

#41 Herb on 12.31.10 at 12:20 am

C’mon, people, any nominees from the blog kennel would be mere toy poodles.

The Greatest Fool has got to be MoF Flaherty – for continuous action against his better judgment.

#42 Debtfree on 12.31.10 at 12:23 am

D.A.

#43 nonplused on 12.31.10 at 12:25 am

Can I vote for myself?

If not, a vote for Garth seems in order for all the time he puts into trying to save the rest of us fools from ourselves. Thanks Garth! I really do think someone was helped somewhere along the line, although I have to admit trying to teach financial literacy to Canadians was a pretty daunting task to put yourself up for! Garth is either a sucker for punishment, or a fool, or quite possibly both. But I’m glad we have him. All the best in 2011 Garth, and I hope you can keep the insightful rapport flowing! And the photos.

Of the other blog dogs I would vote for TheBestPlace on earth and “The ever-irritating Nostradamus”.

Mark and F. deserve a vote too. And MisssyBunny. Yum.

So many good choices! How does one choose? But I think I am going to settle on “Vancouver” for my vote, currently in the biggest housing bubble left on the planet, and certain to be ground zero for the Canadian real estate market when the SHTF moment arrives. Maybe even next year.

Oh, and: “soberly and earnestly debated the issues of our times.” – Who are you trying to kid??? Earnestly maybe, but as a great CFO I used to work with often reminded us, “Let’s be careful that we don’t start believing our own bullshit”.

#44 Debt's Dark Embrace on 12.31.10 at 12:28 am

Devil’s Advocate, who is actually trolling for business here.

#45 hobbygirl on 12.31.10 at 12:30 am

My vote is for many of the 5 mil visitors you get who make this foreboding housing crisis what it is. Being informed and ignoring the message gives them my vote. Hell I’ll even admit to not following everything you say but I do live within my means and couldn’t care less about keeping up with the Jones’.

Either that or the delusional Best Place on Earth.

#46 phillipo on 12.31.10 at 12:32 am

My vote’s for Big Lebowski as biggest nutcase

although i haven’t read one of his comments for almost a year, but i doubt his nutty outlook has changed.

#47 Jon B on 12.31.10 at 12:32 am

How about jerks like Jon B who are critical of other people’s grammar and spelling errors when posting? I’d nominate that guy.

#48 brynn on 12.31.10 at 12:40 am

oh garthy

you want me, admit it!

Do you come with a dowry? — Garth

#49 Dave in Victoria on 12.31.10 at 12:46 am

nosty and DA

#50 $froma$ia on 12.31.10 at 12:50 am

I say it’s the FAT TURD!~

Then it’s a close second between Nostratard JR and Phil “The knuckle walking”Soper!

Sheesh what about BOB RENNY AND CAMMERON MUIR!

WOO HOO, What a cock party!

$!

#51 debtified on 12.31.10 at 12:53 am

#1. F
#2. C
#3. DA
#4. TBPoE
#5. IF (for his ego – his idea but no vote so far – his “debt = savings” comment compelled me to post my first ever comment after lurking for a long time – i am still irritated by it – people like him scares me – I am an investor and I don’t want to be his friend)

Thank you, Garth. Thank you Blog Dawgs.

Happy New Year to All!

#52 patient BC on 12.31.10 at 12:56 am

1.1 million dollars for a house in Richmond?!? And bought in one week ?!? I guess the buyers did not have time to review the forecast for Richmond when the overdue Big One will strike. Richmond is built on lose sand, risks liquefaction, the whole area is expected to be flooded and 90% of the Lower Mainland casualties are expected to be in the river’s delta.

#53 Wilde_at_heart on 12.31.10 at 12:56 am

I suspect bestplace on earth is what they call, in internet forum land, an EPIC troll.

There was some guy the other day – I think I even responded to one of his posts – who should be on there but I forget who now. I think even our host called him out.

I nominate the goldtards – realpaul comes to mind.

#54 northeast canuck on 12.31.10 at 12:59 am

Devil’s Advocate for sure.

#55 Jeff Smith on 12.31.10 at 1:00 am

talking about that topic.

http://www.everydaymoney.ca/2010/12/is-real-estate-actually-like-sex.html

#56 Cookie Monster on 12.31.10 at 1:03 am

I came to this blog a few months ago just to look at the pictures and ended up getting in a fight – everyday! But it was worth it and I hope we’re all a little better from it.

I want to say thank goodness for Cisco and Nortel (RIP) for bringing us the internet, now freedom of expression can get some real exercise.

My vote for the most pleasant, consistent, informative, witty and humorous commenter has to go to Nostradamus Le Mad Vlad. Originally I used to ignore his comments but now I always read what he has to say and even follow a few links from time to time. His stuff scares me because it might be true.

HNY! (Hot Naked Yoga)

#57 and the winner should be.... on 12.31.10 at 1:04 am

DA for sure….but only because Best Place on Earth can’t be for real!

#58 Utopia on 12.31.10 at 1:05 am

Can I also start posting about all the bloggers that I love reading? Or the gals who I think must be adorable if only I met them in person?

Is it it too early for that yet?

#59 Jeff Smith on 12.31.10 at 1:06 am

Interracial sex! anyone? Ooooh! but look, the kids look so cute!

#60 Nostradamus Le Mad Vlad on 12.31.10 at 1:18 am

-
I was overjoyed to have been nominated by #4 Guy_in_Regina, and given an honorable mention by #12 Utopia.

Obviously I’m good at pissing some people off(!), and no, Utopia, nothing short of death will keep me away from this blog!

#29 dd — “Nostradamus.”

Which one? Dad (my patient) or moi?

My own nominees come in a variety of packages, not the least of which is the controlled m$m who continually lie, all the RE boards who will, in a few weeks, understand what true pain looks like when people start losing their homes due to higher interest rates and further jobs being shipped overseas; the US Fed, WH and 99.9% of Cdn. politicos starting from C-H-F and working down from there (get rid of the feds. altogether; let the provinces run their own finances individually); TPTB (put them on a never-ending space voyage) and a few lollypops not mentioned.

Politics aside, this blog and posters can run this country quite nicely with no interference from outside forces / sources!
*
Them “Deflation is when the eight richest men in the world decide that everything that is needed to keep a few billion “unsustainable extra eaters” on the planet really should be transferred to their hands so they can go on to fulfill their divine destiny as Gods of worlds.” We’re almost outta here!

Garth’s pic does not appear here. You have to be far more evil in your outlooks, Garth!

GW – The person who invented it.

China Nuclear and Fusion power.

Memories ‘Twas a great time to be a kid. Skip the pix and venture on to the written part — no Monsanto, etc.

#61 Dragonslayer on 12.31.10 at 1:20 am

My vote is Junius.

#62 Nostradamus jr. on 12.31.10 at 1:21 am

Uhmmm, not fair actually…I’ve been to the Pound twice this year and once in /09 if I remember correctly.
…So, many voters here aren’t familiar w/ my brutally honest postings as to the state of affairs…eg: the classic novel, the tale of two cities…Eastern Canada vs Western Canada.
…As to Greatest Fool of the year…imo, Nostradamus Le Vlad deserves the recognition for posting germane informative posts. Unfortunately they are unread and unappreciated because Garth has hypnotized 98% of the blog dogs.

Naturally I have vials and vials of antidote serum so I am safe.

Happy New Year and Peace on Earth to you and yours

Nostradamus jr.

#63 Bill Grable on 12.31.10 at 1:24 am

The Best Place on earth and Nosty – the poor fluoride fella = all pretty well drive me snakey.

Devil’s Advocate is also kind of the other side of the track.

Wait a second.

Think about it – have we ever seen DA and F in the same room?

#64 Rich in Calgary on 12.31.10 at 1:24 am

Garth!

Tonight on Global Calgary’s “Minding Your Business” segment, they discussed how some people were pushing scary talk about a Real Estate bubble that never happened. They mentioned you by name & said you were one of the primary instigators of the fearmongering as you were trying to sell your book. The even had a nice cover shot of ‘Greater Fool.’ (2008 – Nice to see that they’re right on top of things.)

We should all be thankful that the unbiased media is there to filter our pablum through the rose-coloured glasses.

Although, I have noticed that C.I.R. Realty is a major sponsor on Global Calgary…

Sorry I can’t provide a video link, but it hasn’t been posted to their website yet. I’m sure it’ll be there in a couple of hours.

#65 Stevo on 12.31.10 at 1:24 am

I nominate 99% of the Canadian population.

Glad I am meeting more people in person (rather than just through this God forsaken blog) that get it. Unfortunately, that means the “worm is turning”.

Seriously though, got to be nutjob Nosty Jr.

#66 TheBestPlaceOnEarth on 12.31.10 at 1:25 am

My vote is for Junius. Pro Renter =Empty Pockets and missed out on the biggest Real Estate boom in the last 10 years. Will be shouting from the rooftops if Vancouver somehow drops a half percentage point in 2011. Bidding war in Richmond from 800k to over a Mill – I LOVE IT. You think the other 200 people at the Open House aren’t going to buy? Happy New Year All

#67 Crash Callaway on 12.31.10 at 1:30 am

Well as a lowly red neck Albertan I was going to nominate: BestPlaceonEarth/VancouverGoinUp
He almost had me sold on Van so much soI headed out there over XMAS to check out all those fabulous real estate deals.
Thought I’d even risk upping my I.Q. a few points by visiting a few cultural hot spots.

First stop: Butchart Gardens….
First Impression: the art is definitely butch.

Devil’s Advocate gets the vote.

#68 go figure on 12.31.10 at 1:31 am

Whoever is voting for Mr F, does he deserve any further “accolades” bestowed upon him? Most of those who have posted to your blog should be well in front of Mr F for any reward.

Seriously tho, as has already been suggested, whomever selects your images deserves some recognition for his/her refreshingly “sick” sense of levity.

Garth, please add some sort of monthy index, perhaps on the right-hand sidebar, so we can jump to past blog postings with ease.

HNY to all.

#69 Chris in Langley on 12.31.10 at 1:33 am

From DM in Calgary on 12.30.10 at 11:58 pm

My vote is for DA…. for both his multiple postings and vows to quit…. only to become like a VD treated with bad penicillin – returning even hotter and more repulsive. Waste of space on this blog. You could save significant bandwidth by deleting his nonsense.

Don’t forget his 30+year marriage to a 20 year old (yep, she looks like that – sure).

Very well put DM in Calgary.
I thought the comment about his wife was hilarious! Right….your wife in her early fifties looks like that chick in combat gear!

I’ve asked many times….does he actually think about what he types before he hits the submit button? Does he really think people are that stupid?

I’m sure his record of posts in one day will never be broken…unless Garth has a stroke and is unable to censure the blog properly – 37!

#70 bridgepigeon on 12.31.10 at 1:34 am

Just got the cheque deposited from our house sale today…absolute relief. I don’t claim to know sheepshit from applebutter about investments, that’s one reason I’m here. The other is I find a (mostly) genuine sharing of ideas here, Canadian style, nice.
DA, Nosty, Flouride, BPOE, et al, thanks for the reading. HNY to all. “A fool and his money are soon parted”, may we all have at least just enough.

#71 Crash Callaway on 12.31.10 at 1:35 am

What a great tiger!
I just figured out what the photo means.
The poor dog ran out into traffic and got hit.
The tiger being a caring soul was simply carrying the injured pup to safety.

#72 OnlyTheBankersLaugh on 12.31.10 at 1:38 am

Out thar’ in government – Flaherty, Carney and Harper who prolonged the delusion by throwing us all under the bus with massive CMHC hedge fund. For this action alone, they should be unmasked for the power mongers they are and be thrown out on their butts.

On this site, our very own personal life coach, mentor to all, know-it-all realtor and voted at university as “most likely to waste his degree going into real estate and fight to have real estate professional course become an accredited 4 year advanced degree.” You know who we’re talking about. CREA’s house boy. Hope he can outdo himself next year.

Great work, Garth. Happy New Year.

Keep the faith and trying to educate. Despite your rational explanations and pontifications (in a good way), my worry is that bubbles will continue for a bit longer than 2011 due to the concentration of media in Canada against these heretic beliefs. F,C and H are tapped out of anything but continuing to pump this sentiment helped along by wealth effect felt with long real estate upswing. Despite all the signals that may lead to a change in sentiment, a full court press will happen if there is any ray of hope out there to pump an economic positive to call an election.

OTBL

#73 604genX on 12.31.10 at 1:42 am

The Holy Trinity of this Mighty Canadian Bubble:

1. Bubblicious Award: CMHC – the Canadian Moral Hazard Corporation. No other party in the country is more responsible for the bubble than this group. Except for maybe…….:

2. F. and his fellow Conservative Cabinet. The “Sell Your Soul (or Gen Y kids) for Another Term in Office” award.

3. The Bubble “Fluff Girls” Award (look it up): Helmut Pastrick, CREA and similar “industry” economists plus the Canadian Mainstream Media who fawn all over each other.

Honourable Mention:

- That jack-ass president from Re/Max who continues to spew jive about how great the market is and about great buying opportunities. In fact, I nominate the entire team of weasels from Re/Max (….to a special place in hell).

- The poor suckers who have bought over the last 3 years and leveraged themselves to oblivion (and who now can only afford to visit restaurants on birthdays…maybe).

- The sellers who bailed out of this market, sold and now rent. Congratulations!

And for the blog dawgs:

- Nosty – for his shameless relentlessness
- Devils Advocate – for being worth reading
- to all the people who posted great, informative links in the comments. I read the links as much as Garth’s posting.
- Garth’s significant other. There’s a lady(?) who deserves some sympathy. (Question mark there because you wear cowboy boots and drive a Hummer.)

HNY dawgs!

#74 Jane on 12.31.10 at 1:44 am

Nostradamus and bestplaceonearth and DA…they all drive me nuts.

#75 bill on 12.31.10 at 1:46 am

rather than slag the mentally challenged on garths list i will send a message of good cheer and a happy new year to all.
and for all the harley riders on this blog a link to kenny backing the anti – hog into a turn at indianapolis….

http://www.youtube.com/watch?v=udahgNQw2_w&feature=related

#76 Republic_of_Western_Canada on 12.31.10 at 1:52 am

For 2010 – and for all time. Marc Lalonde, architect of the failed NEP. Never to be repeated.

http://www.nationalpost.com/news/story.html?id=633027

#77 Basil Fawlty on 12.31.10 at 2:05 am

I have to cast a Stockwell Day vote, for when he said they were building 27,000 new prison beds for $9B, due to an increase in unreported crime. I still can not believe that aired on national television.
As for the rest of us, all I can say is it takes all kinds.
Happy New Year and many happy returns.

#78 Roial1 on 12.31.10 at 2:09 am

.#41 Herb on 12.31.10 at 12:20 am
C’mon, people, any nominees from the blog kennel would be mere toy poodles.

The Greatest Fool has got to be MoF Flaherty – for continuous action against his better judgment.
.
Herb, I must nominate YOU! Everyone knows that he HAS no “better judgment”.
His “wattage” when rated as a light bulb would be -0.

#79 The Game on 12.31.10 at 2:14 am

Stocks down as investors worry over mortgage rates

“With mortgage rates creeping up, investors worried over its effect on home sales. The average rate on 30-year fixed mortgages rose this week to 4.86 percent, the highest level in seven months.

U.S. Treasurys are also down slightly, which has led to a slight bump up in yields. The yield on the benchmark 10-year bond rose to 3.37 percent, up from 3.35 at Wednesday’s close.”

http://www.washingtonpost.com/wp-dyn/content/article/2010/12/30/AR2010123000925.html

#80 realpaul on 12.31.10 at 2:17 am

Its an exercise in small thinking to denegrate the people , good or bad, who are stating an opinion.

Instead I’m with #36 & 41 for recognizing ‘F’ as the most malicious and vindictively destructive prick this country has ever put into office.

There have been some really stupid comments on this blog and a lot of inane, heads up your ass regurgitation of union spin, but nothing measures the chainsaw and buck-knife fiscal rape that the great ‘F’ has wreaked on the taxpayers of this country in the few short years the cons have been in office.

There has never been a period where Canadians are suffering from debt and poverty as we have right now. Where peoples hopes have been manipulated and cut off at the knees, where seniors and children have been raped in full public view.

I might point out a lot of uncomfortable truth, and many in the far looney left don’t like to be put out into the sunshine, but Flaherty is an out and out vicious thug making the likes of the maggots in the civil service pale by comparison in terms of the long term damage that has been done to this country.

We could fire all the civil servants and roll back the outrageous compensation sweet heart deals….but to pay back the debt that has been layered on the taxpayer under the riegn of the ‘F’ will beggar the nation for generations and cannot be fixed with a strong stroke of the pen should we ever get a PM with the balls to set the country straight.

‘F’ has f**cked us all and therefore gets my vote as the biggest loser of the year.

#81 EB on 12.31.10 at 2:19 am

Thousands of wealthy Asian investors agree that TheBestPlaceOnEarth must be high up there in the running.

#82 serge on 12.31.10 at 2:26 am

Garth, story about you in the Gazette: http://www.montrealgazette.com/business/solid+basis+scary+speculation/4039586/story.html

#83 Ghost of Tom Joad on 12.31.10 at 2:33 am

I vote Harper the globalist traitor.

SpongeBob Square Pants in China
http://www.youtube.com/watch?v=PxymwN7nYQQ

Some of the best posters:
Dan in Victoria
Got a Watch
dd
Mad Vlad
bullion bunny
big lebowski
GregW
and others who actually have a clue.

The rest of you sheeptards, keep drinking your fluoride and taking your shots. For those who can wake up-> http://www.infowars.com

#84 SafetyBear on 12.31.10 at 2:36 am

I go TheBestPlaceOnEarth. Not long to this blog but this guy throws up some contrarian pearlers.

Honourable mention for Michael of Sydney for Australian viewers. The guys a little bit of a legend in Bubblepedia circles.

#85 squidly77 on 12.31.10 at 2:56 am

All the Gold bugs, if they had bought Ford
instead of the yellow metal they would be up 1,150% during the past 2 years instead of the lame 25% that Gold has produced.

#86 yogi on 12.31.10 at 2:56 am

Any of the Nostradamusi… of vlads

Gotta add Bullion Bunny – Garth why do you egg her one?

#87 Jody on 12.31.10 at 3:02 am

Nostradamus gets my vote, it’s good to know there is someone nuttier than me out there.

Don’t touch my junk!

http://www.datelinezero.com/2010/12/29/people-who-touch-your-junk/

#88 squidly77 on 12.31.10 at 3:03 am

Or even SIRI which I said here I bought at $0.67 has increased 120%. The only good Gold bug is on my windshield.

#89 Dorothy on 12.31.10 at 3:11 am

Jim F gets my vote as well, for providing Garth with such rich material for his blog.
That said, unlike Garth, I really like the guy. I don’t always agree with him, but I do like him. I truly believe he wants to do the right thing for this country, even if he doesn’t always get it right. Zero down mortgages and 40 year amortizations were a disaster waiting to happen! But the TFSA and allowing pensioners to income split were really good decisions.

Happy New Year to Garth and all you blog dogs!

#90 Kate on 12.31.10 at 3:25 am

I am all for Nostradamus. Happy New Year and thanks, Garth, for keeping us educated ;)

#91 Renter in Van on 12.31.10 at 3:26 am

The wackjobs and nutters, delusional and slightly mad, even the bubbliest of airheads and narcissistic pricks (yes you DA) all make for an entertaining read. Keep em all I say! It’s the racists and bigots I can’t stand.

#92 Aussie Roy on 12.31.10 at 3:28 am

Aussie Update.

Biggest Aussie RE pumper Christoper Joye says no to $50k bet prices will continue to fall with Adam Schwab.

http://www.crikey.com.au/2010/11/30/signs-of-the-bursting-housing-bubble-are-emerging/

Investor alert Aussie market busting.
QLD property prices at 2001 levels, Gold Coast beachfront values have plunged 50%
Wow what a headline.

http://www.australian-real-estate.net.au/investing/2010/12/27/investor-alert-aussie-market-busting-qld-property-prices-at-2001-levels-gold-coast-beachfront-values-have-plunged-50/

China slows as tightening starts to bite

China’s industrial growth has begun to slow as a string of measures to choke excess credit and control inflation feed through the economy, threatening to curb the country’s voracious appetite for commodities.

http://www.telegraph.co.uk/finance/china-business/8232336/China-slows-as-tightening-start-to-bite.html

Herb.

Yes those at the policy controls have a lot to answer for.

We have one here to, although to his credit he has been raising rates trying to stop the house price speculation. But they are all blind “still no bubble here – Glen Stevens” (RBA). Just as bad as every other economist employed by a bank.

#93 warptweet on 12.31.10 at 3:30 am

Getting a little desperate are we? http://vancouver.en.craigslist.ca/rds/apa/2136228740.html

#94 Daystar on 12.31.10 at 3:31 am

I’m with Herb. The greatest fool is the one who believes his own BS. F likely actually believes he’s left Canadians better off. His record speaks for itself. Under the Conservatives, GDP growth stalled, incomes flatlined and yet mortgage debt grew from $576 Billion to over a trillion dollars. Equity grew, all of it on the back of a tremendous credit expansion that Canadians have yet to pay for and when interest rates rise… Canadians will pay for it dearly. I’m not sure who the greatest fools are, really. F, or voters who supported him but as we should know… it never ends there.

Investors of equities/real estate beware. 2011 is going to be a very tough year. Nothing but storm clouds ahead.

#95 Tim on 12.31.10 at 3:48 am

Garth, these people aren’t helping to improve the quality of your blog…Actually, if your book sales depended on the quality of many of the comments in this blog, you would probably still have a garage full of books.

#96 Increasing that 1% on 12.31.10 at 3:55 am

Ok, Garth, you are #1. For your retorts/comments
(still marvel at your quick-and it was quick people- ‘pudding in the jacuzzi’ comment…as above poster reported about laughing out loud, that comment did the same for me at a time when I needed it (forget why)-but yeah I had tears coming out too and my face hurt)

#2. Nostradamus Le Mad Vlad for his constant overseeing-all sort of way (in a good way)

#3. Nostradamus Jr- (and other aliases…) for garnering the most rolling of eyes to back of head, and, I do recall, laughs

and, finally, CREA advo-err Devil’s Advocate, for most annoying, and hiding behind his -inaccurate- name

So, if I must pick “The Greatest Fool of 2010″, out of the bloggers, it is….tadadadatdeedahhhhh Nos-tra-da-mus Jr!

Bring on 2011! Financial literacy for all! Happy New Year!!

#97 Nuttin' but da toof on 12.31.10 at 3:56 am

I had at least 2 of 432 items that were incinerated, so I’ll just direct you to one of my favorite websites in Canaduh, http://web.me.com/lelford/breachoftrust.ca/Welcome.html..
He’s the one who turned me on to an item in the Lethbridge Herald that spells out the truth of the Securities Indusrty in Canada.
Maybe Garth will let me post it, as an Xmas present, lol….
Gerald Gauthier
LETHBRIDGE HERALD
[email protected] e-mail address is being protected from spambots. You need JavaScript enabled to view it
If you want to protect your investment portfolio from corporate fraudsters, you’d best not rely on the authorities responsible for policing Canada’s investment industry.
That warning comes from Al Rosen, a veteran forensic accountant and author who’s made a career out of exposing corporate crooks.
“You are on your own as an investor because the securities commissions and the auditors and the self-regulating organizations are not doing what people think they do,” said Rosen, who’s to visit Lethbridge later this week for two public sessions aimed at helping investors arm themselves to safeguard their retirement savings and other investments.
Much of what Rosen will be speaking about is in the new book entitled “Swindlers,” which he co-authored with his son Mark Rosen. The father and son are partners in Accountability Research Corporation, which provides independent equity research and forensic accounting analysis to institutional investors across North America.
While Canada has a whole system of legal mechanisms and penalties to enforce its tax laws, the country has no equivalent on the investment side, he said.
The national securities regulator that’s being proposed for Canada, he said, “is not really a protection for investors. It’s an arrangement to make it easier to file prospectuses and get money out of the public, and the public doesn’t understand,” he said. “It’s a lot of smoke and no delivery.”
The U.S. Securities Exchange Commission has “tons more” legal teeth than Canadian securities regulators to protect investors, he said.
“The scams and so on that we see in our forensic practice, three-quarters of those you could not get away with in the U.S. That’s how loose and slack Canada is,” he said.
And the situation is about to get worse, he added.
As of Jan. 1, 2011, Canada is scheduled to begin adopting a new International Financial Reporting Standards (IFRS) for corporations to follow when filing official financial numbers.
“The U.S. has said that (the IFRS) is a race to the bottom, and they’re not interested in it, whereas Canada foolishly adopted this stuff,” he said. “With this IFRS, it’s easy to fake profits for three to seven or eight years. And then, what happens is the company will collapse.
“People’s pensions (will be) at serious risk. Their mutual funds (will be) at serious risk,” he said.
At his two free presentations in Lethbridge, Rosen intends to show people how some of the most common investment frauds work so that they’ll be able to recognize and avoid getting ripped off. He’s to speak Thursday at 7 p.m. in the Anton Ballroom at the Lethbridge Lodge and Friday at noon at the Southern Alberta Council on Public Affairs, downstairs at the Keg restaurant on Mayor Magrath Drive South.
Canadian government officials made the mistake of consulting self-regulating bodies for the investment industry regarding the new international standards, he said.
“Any decent regulator would have said ‘It’s a pile of garbage, don’t go near it’, but the politicians instead went to the self-regulating organizations and they, of course, said it was wonderful, terrific, fantastic because it (would result) in large fees for them to convert out of the old system to the new one,” he said. “(Self regulation) doesn’t work at all in Canada.
“Ponzi frauds are going to be far easier to carry out in Canada once this IFRS gets in place,” he said. “What (Ponzi schemes) are is giving people back their own money and telling them that it’s (investment) income.
“We know that the vast majority of people who come to Canada to work these (scams) know that they won’t be prosecuted, and that’s just going to become a worse problem.”
While other countries such as Great Britain are increasing regulation to prevent economic meltdowns like the one in 2008, he said, Canada is doing the opposite.
“You have to say to yourself ‘Have we gone mad?’,” he said.
What Canada really needs, he said, is a totally independent securities prosecutor with the authority to impose substantial fines and jail terms against violators. Unfortunately, he’s seen no political will whatsoever at the federal or provincial levels to do so.

#98 Rust Belt Buster on 12.31.10 at 4:02 am

I tend to to want to nominate myself.

Back in March I dropped 45k (all I had) on a foreclosure that I snagged for $115k that sold two years before for $168k. Dumped another $5k in repairs etc. into it, and just a couple of months ago dropped another $50k on the place trying to get it paid off, after having finally flipped a money sucking rental in Mississauga.

But hey, home is where the heart is.

Happy New Year to all.

#99 Unfooler on 12.31.10 at 4:17 am

BestPlaceonEarth/VancouverGoinUp

& Dan Pop What was That? are my top 3

I sold in Apr 2010 at the peak in my area in Van the exact same unit in my complex just sold last week for $40k less / 7.4 % haircut; i forecast come Apr 2011 it will hit the 10% mark

Thx Garth & HNY to all!

#100 camcool on 12.31.10 at 4:18 am

bestplaceonearth

I live in this supposed best place, and he can’t be more wrong!!!

#101 Montrealer on 12.31.10 at 4:25 am

I rarely read comments, way too many of them. But everytime, BestPlaceonEarth is the one I notice for being so delusional.
—–
As for what reading this blog changed for me, well I am postponing indefinitely the thought of buying my first house and will continue to rent the house I live in (which is for sale at over 22 times the rent)…
I am pushing very hard to clear debt and start to invest real money (read, much more than currently).

Thanks Garth, with your site, I now make ennemies everytime I talk about RE market with people as they always think that it’s different here and prices will always go up and …

#102 Fist Full of Dollar$ on 12.31.10 at 4:59 am

Garth, I gotta go off the board for this pick. I vote for the City of Vancouver and the Olympic Village/Millennium Water condo development, and VANOC (broke even…ya right!!). IMHO the Greatest Fools! Happy 2011!!

#103 GoodKinJohn on 12.31.10 at 5:15 am

I think the Greatest Fool honour should be awarded to all the Blog Dogs who blame Realtors for the current state we’re in. Realtors did not create this mess. The purchasers are the dopes believing their drivel. Realtors are only promoting their livelihood.
Due diligence is not only a catch phrase for industry, it should apply to all situations. Anyone who takes advice from a person who profits from that advice must ask themselves if their best interest is forefront.
Thanks Garth for hosting the party and thanks to all the dogs who make reading the blog interesting.
Thanks NLMV for the links.
Happy and Prosperous New Years to all!

#104 wellwell on 12.31.10 at 5:22 am

@13 Dubble: “I would also like to hear from other bloggers on the impact visiting this blog has made on our lives.”

I almost bought a house this fall. That’s right – even though I’ve read this blog faithfully for a long time now, I felt that circumstances were compelling me in that direction.

I’m moving to a small Ontario city to begin my practice, but all of the available rental options for a home occupation business were totally unsuitable, so I thought I had to buy. I made offers on three separate houses, and backed out each time (thank you, home inspector!). Finally, I lucked into spacious rental digs in a Victorian mansion.

This just goes to show that the perfidious siren song of residential real estate beckons even those (like me) who agree with Garth’s message.

Happy New Year, everybody!

#105 Mike Turner on 12.31.10 at 7:02 am

You know you’re on the mark when they’re nit picking every detail you say in order to try to repudiate your claims:

http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2010/12/garth-turner-the-housing-crash-liar-loans-more.html

#106 Mike Turner on 12.31.10 at 7:05 am

The battle of the blogs has begun. This will be a very interesting year indeed

#107 charles on 12.31.10 at 7:22 am

In the Rabid Leader Dog category we have first Dear Leader Harpo who singlehandedly blew $60 billion just to be able to say he had the biggest. Next up co-recipients G.W. Bush and Tony Blair, both published revisionist histories that Pam Wallin assures us are important historical documents. Dalton McGuinty is nominated for his efforts in the pursuit largest provincial boondoggle and Gordon Campbel for being most afraid.
Our final nominee must be Finance Minister F for bringing us the unforgettable production of the “G20 Does Toronto” where over $1Billion was spent to bring you such unforgettable moments like “The Black Block Instigation Riot”, “The Secret Perimeter Dance” followed by “The Thousand Man March”.
Happy New Year to our Gracious Host and all the starving dogs out there.

#108 Aaron - Melbourne on 12.31.10 at 7:24 am

Oh and here I thought it was actually going to be a three-way-tie of “Greater Fools” between:
CANADA
CHINA
AUSTRALIA

Winner being the LAST to pop.

#109 blog dogs on 12.31.10 at 7:27 am

Anyone who posts more than 10 posts a day has serious problems, like any yappy dog they don’t say anything worth while; and believe it or not its like a broken record on and on till your head pounds.

After a year, all the names you mentioned must cut and paste their old posts, what do you think? What you have to say is worthwhile 10 times in one day?

All doomers say….. because of this fact this will happen, but guess what……. the world can change in a blink of an eye and the forecasters will get it all wrong.

Remember Garth predicted a housing meltdown two years ago. Is he wrong or just off by a few months or a few years? No one can predict 0% interest rates or what will happen in 2011. Anything can happen and then the forecast is wrong for another year. Imagine if you sold your house two years ago you missed a 30 to 50% gain.

Never underestimate the world….
I can remember the times when there were no computers, no cell phones no flat screen TVs How did we ever live? must have been the dark ages.

Can you stop and think of the things that will be invented in the next five years? Your imagine cannot even grasp what will happen and guess what you have never even heard of whats coming.

At one last comment did everyone get that a Canadian found Anti-Matter in November, the future has change yet again.

Happy New Year

#110 Tkid on 12.31.10 at 7:37 am

Antonio! Dude! Good to hear from you!

I second Antonio’s nomination and would like to also nominate Carlyle for scewing his current wife over. (Carlyle, I hope she divorces you) and nominate any significant or ex-significant other who has not been on the up and up with their partners.

#111 jman on 12.31.10 at 7:52 am

Flaherty.

#112 McSteve on 12.31.10 at 8:11 am

Nosty Jr.. Not since Jimmie JJ Walker from Goodtimes (“Dynomite!”) has someone managed so much mileage with so little material. CTRL-C then CTRL-V

#113 Kaganovich on 12.31.10 at 8:35 am

HNY Dawgs!

Despite the asininities issuing from the real estate pumpers on this blog, the dreams of ‘free markets’ and further deregulation of our economic sector and the calls for lining up all the civil servants against the wall, the greatest fools don’t frequent this site; rather, they are all around us, friends/family etc., not giving a second thought to making utterly disastrous financial decisions at the behest of disingenuous bankers and politicians. Most have given little thought to what lies ahead for us, not to mention the embarrassing fleecing we got over the past decade. As Simon Johnson wrote in a recent article, many of the financial and political elite know and are preparing for act two. “Our leading bankers looted the state, plunged the world into deep recession, and cost us 8 million jobs. And now many of them stand by with sharpened knives and enhanced bonuses – also most willing to suggest how the salaries and jobs of others can be further cut. Think about the morality of that one.” The ones who should be thinking about “that one” are still busy upgrading their new builds with stone countertops and composite decking…these are some of the greatest fools in world history.

http://www.foreignaffairs.com/articles/67046/robert-c-lieberman/why-the-rich-are-getting-richer?page=show

#114 David B on 12.31.10 at 8:42 am

Jungle Jim Flaherty, without who’s insight into the world of borrow cheap money, spend now! and pay later approach all this could not have been possible?

Happy New Year Jimbo, your O of C is en route for being Canada’s smartest finance minister ever!
——————————-
Let the Bells ring the Birds sing and balloons fly for 2011

#115 Paully on 12.31.10 at 9:16 am

The Survivalist — easily the best picture of the year! Bring her back for an encore!

BestPlaceOnEarth — So far out there that it could only be parody. (Or really, really, really off his meds!)

#116 Herb on 12.31.10 at 9:22 am

Dorothy @ 89

Zero down mortgages and 40 year amortizations were a disaster waiting to happen! But the TFSA and allowing pensioners to income split were really good decisions.

Er, it was out very own Garth who thought of and sold income splitting and TFSAs to F. and others on the Hill.

Would you happen to know who sold F. on 0/40, or was that stroke of genius actually his own idea?

#117 Publius Enigma on 12.31.10 at 9:23 am

Hilarious exercise.

This is akin to picking the dimmest star in the night sky.

#118 Herb on 12.31.10 at 9:31 am

A hint on predictions from one of my favourite columnists. Some of the names he mentions are familiar on this site.

http://www.ottawacitizen.com/business/Ghosts+predictions+past/4044043/story.html

That’s it for me for the day and the year (unless provoked beyond my powers of resistance by a neo-Republican mongrel.) Thanks for all your work, Garth – and to Dorothy and Bandit for their tolerance.

Happy New Year to everyone. And, if it is not too much to ask, prosperity to ALL Candians.

#119 T.O. Bubble Boy on 12.31.10 at 9:38 am

Greatest Fools:
#1: Flaherty, since he controls CMHC regulations
#2: Diane Finley, since she is in charge of CMHC
#3: BestPlaceOnEarth – mindless CREA spam multiple times per day, might as well be sending emails for cheap viagara
#4: Nostradamus Jr. – Vancouver RE pumping multiple times per day AND racist with all of the “Hongcouver” references and other suggestions
#5: Devil’s Advocate – self-obsessed to the extreme, and often thinks that he runs the blog

and – special mention for the “Junius imposter” for wasting everyone’s time

Top Blog Dogs:
>> Nostradamus Le Mad Vlad — interesting posts, and actually takes the time to properly the links
>> Aussie Roy — brings context to the insanity in Canada with even more insanity from Down Under
>> Dan in Victoria
>> Big Lebowski
>> Everyone else who posts intelligent and/or referenceable comments

#120 MikeT on 12.31.10 at 9:38 am

I vote for Nostradamus le mad dude.
Gotta admit he spends quite some time to get all those links on a daily basis! I appreciate that and would suggest him once again to slap together a web site where he’ll post them all, so it’s easier to find the links one needs.

#121 blase on 12.31.10 at 9:41 am

The posts I enjoy reading the most are one’s that talk about what is going on in the street-from builder’s, the trades, mortgage brokers, and folks trying to sell houses.

The Dog I enjoy reading the most is Dan in Victoria. He seems like a sensible, no-nonsense guy who gets it.

Of course, BestplaceonEarth is ridiculous, and I haven’t bothered reading anything he has posted for months. What’s the point?

Garth, thanks for the effort you make day after day. You are making a difference to the way that Canadians think, and your small ripple of money sense keeps expanding as things go from bad to worse. It takes balls and brains to fight against the mainstream ideas, but you have succeeded. Thanks and looking forward to seeing what 2011 has in store.

~Blase in Korea

#122 T.O. Bubble Boy on 12.31.10 at 9:44 am

Garth – you’re being called out at the Montreal Gazette as the “cause” of the bubble hysteria!!!

http://www.montrealgazette.com/business/solid+basis+scary+speculation/4039586/story.html

Canadian Mortgage Trends blog is also piling on the Garth-bashing train, specifically on your comments towards self-declared income mortgages:

http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2010/12/garth-turner-the-housing-crash-liar-loans-more.html

#123 Cow Man on 12.31.10 at 9:48 am

The Fool for 2010, with the greatest negative impact:
Premier Dalton McGuinty. Truely the worst Premier, the Province of Ontario, if not all of Canada has ever seen. All of his decisions are distanced from reality. The man must live in a void. Under his leadership, Ontario has slipped into a permanent “debt state.” But, we do have “wind turbines”; as if that is going to help.

#124 Moneta on 12.31.10 at 9:51 am

I would also like to hear from other bloggers on the impact visiting this blog has made on our lives.
—-
If it weren’t for the wackiness of a few, I probably would not read the comment section.

I love people watching and reading comments brings this to a new dimension. You get to see what is actually going on in their heads when they are doing what they are doing. Now if we could only connect the thoughts to the right faces! I often wonder how surprised I would be if I could.

This blog, among a few others, helps me gauge the popular thought process and where we are in the cycle.

It has also permitted me to express my thoughts without boring my family and friends to tears because trust me, they don’t want to hear. We are preaching to the converted. And people will come around not because we were there to help them see the light but because the sky is the limit.

#125 Pete in Barrie on 12.31.10 at 10:03 am

I gotta go with best place as well. He seems so sure of himself and doesn’t give a damn about any arguments against his stance. I agree, he probably doesn’t believe a thing he says, but he his almost as much fun to read as those American Obama bashers on the comment section of the Yahoo news sites. DA is kinda fun to read too.

#126 Mike on 12.31.10 at 10:17 am

I vote for every retard that posted a link from infowars.com

#127 Carp on 12.31.10 at 10:20 am

I’ll scratch my vote!

If you come to this blog, if you agree or not with Garth’s message, you are more knowledgeable than all the greater fools out there.

Nosty, BestPlaceonEarth and DA are my top choices if only looking at people on this forum.

#128 john m on 12.31.10 at 10:41 am

My vote would be “H”,”F” and “C” for creating this mess… HAPPY NEW YEAR EVERYONE

#129 Darryl on 12.31.10 at 10:46 am

Greg in Oakville

Easy

#130 Nostradamus jr. on 12.31.10 at 10:50 am

A worthy consideration w/Nost Le Mad Vlad would in fact be Garth’s other web site…

http://www.hypnosis.org/

Garth’s other alias being Cal Banyan.

Cal’s video is played subliminally on greaterfool.ca while viewers read Garth’s daily editorial/posting.

But…Vials of Hypnotic antidote serum can be purchased at

http://seenoevilspeaknoevilhearnoevil.blogspot.com/2010/12/greaterfool-antidote-serum.html

Nostradamus jr.

#131 Darryl on 12.31.10 at 10:55 am

bryne said.

“oh garthy

you want me, admit it!”

Garth said
“Do you come with a dowry? — Garth”

May I say

Maybe no dowry but huge amounts of baggage.

#132 Mr. & Mrs. Happy on 12.31.10 at 10:57 am

#103 GoodKinJohn “I think the Greatest Fool honour should be awarded to all the Blog Dogs who blame Realtors for the current state we’re in.”

1. Realtors (who pumped the hype)
2. Lenders (who got everyone to believe “you are richer than you think” by taking out more debt)
3. Borrowers (who borrowed what they couldn’t afford)
4. Mr C and F (who should have had the balls to halt it all)

#133 Hoof Hearted on 12.31.10 at 10:59 am

Quote

Well, almost. As usual there was a coterie of realtors in drag, Garth-bating neocons, sanctimonious prudes, closet racists and fascists and hippies, aliens, peed-off humourless economists and people who know everything.

(OK….that’s East of Winnipeg)

“The good news is 69,720 comments have been published ”
( ok that’s West of Winnipeg)

” and 432 were incinerated.”
(why not recycled after cyber euthenasia? )

“GREATEST FOOL OF ALL FOR 2010???”
(Same as for the last 2000 years… a-n-y Toronto Maple Leaf fan.)

#134 Utopia on 12.31.10 at 10:59 am

Stop the Presses!!

We have a new nominee. It is none other than Jay Brian of the Montreal Gazette. This guy has written an article today that is an absolute goldmine of misinformation.

I hardly know where to begin but you have to love some of these pro-real estate mainstream media types whose lame rationalizations in the absence of real evidence takes the pressure off the rest of us.

Hey Jay! Everything is going to be just fine. We’re different in Canada. We are special. So special…..

So is it the Red pill of the Blue pill that works best in this fairy tale? Is it any wonder none of us subscribe to newspapers anymore.

#135 bullion.bunny on 12.31.10 at 11:03 am

#85 squidly77 on 12.31.10 at 2:56 am

Very true so how much Ford did you buy? Or how about OSK. $1.60 to $15.00…….If you bought it presplit it’s gone up about 25 times…Gold is not so bad after all. Depends what you buy.

#136 bruce corell on 12.31.10 at 11:08 am

Its seems all over the world Canadas Real Estate bubble is on everyones mind….

http://www.rense.com/general92/stdr.htm

#137 TheBigLebowski on 12.31.10 at 11:10 am

I vote for everyone who can’t see that this global financial crisis is an engineered agenda to bring about more oversight and control by the bankers who engineered it. Greenspan suppressing interest rates for over 5 years then bernanke. The Greatest Fools are all who can’t see this is the most massive tranfer of wealth in history from the in debted middle class to the global elite.

#138 Rich Renter on 12.31.10 at 11:18 am

My vote goes to “F”.
All the best for 2011 to Dorothy, yourself Garth and all the blog dogs for making my morning coffee so enjoyable.

#139 Live Within Your Means on 12.31.10 at 11:19 am

#60 Nostradamus Le Mad Vlad on 12.31.10 at 1:18 am

Memories ‘Twas a great time to be a kid. Skip the pix and venture on to the written part — no Monsanto, etc.

………………..

Thanks for the memories.

I nominate realpaul and Cookie Monster.

Thanks for all the effort you put into this blog Garth. I love reading your humourous posts, pics and your witty responses to certain posters.

Happy New Year to all.

#140 Cashman on 12.31.10 at 11:26 am

I nominate Gergory Klump of CREA. With friends like him who needs enemies?

I would also like to vote for Vulture, Jim Flaherty, and the rest of the NWO.

Happy New Year all!

#141 ballingsford on 12.31.10 at 11:27 am

‘BestPlaceOnEarth’ gets my vote and any other Realtor Blogger that visits and posts to this site.

Happy New Year Everyone!

#142 Renting in Rosedale on 12.31.10 at 11:33 am

Keep up the entertainig posts Garth!

I won’t nominate anyone (anonymous sniping seems un-Canadian)

Like Vlad’s retort though!

Re: the pic — didn’t Darwin prive that wouldn’t happen??

#143 tom R. on 12.31.10 at 11:34 am

Canada Home Builders Assoc.
http://www.chba.ca

I shouldn’t do this but it worries me. There was a memo
sent through chba.

“There was likely overbuilding, to varying degrees, in Saskatchewan, New Brunswick, British Columbia, Ontario, and Quebec. This will cause downward pressure on both prices and future building projects. Inventory levels are highly alarming”

#144 Canucklhead on 12.31.10 at 11:36 am

here’s a vote for the TheBestPlaceOnEarth. What a nutcase, regardless of whether it is an act or not.

#145 cxcroney on 12.31.10 at 11:45 am

Come on! No one can express an original thought in Harperland without Steven’s say so.Harper has his arm so far up Flaherty’s *** that he can cover F’s nose when he sneezes! All votes for F are votes for S.H.

#146 Hoof Hearted on 12.31.10 at 11:46 am

What’s the name of the dog in the photo…”Trudeau ” reincarnated ?

The Tiger’s name is Canada.

#147 Agio on 12.31.10 at 11:50 am

Any and all who can’t read or worse-selectively edit, yap about how much they have or how brilliant, successful etc. they are and how the rest of zee population is stupid-standard innerweb wankers.
Plus all those who post an aggregate number of words the same or greater than Turner’s initial tale, primarily regurgitating what he’s written with considerably less clarity and humour. They do however compensate for it with profound plagiarism, exceptional cut n paste abilites and spiffy links. Aussie Roy is excused as he’s from the land down under and Aussie babes are hot.

#148 Got A Watch on 12.31.10 at 12:12 pm

A Happy New Year to All!

Raise a toast to our genial host Garth!

#149 Valkyrie F6 on 12.31.10 at 12:43 pm

Gone for a while, but anyone remember Knucklerwalker?
Loved his long brooding posts. Made me feel downright cheery! Come back Knucklewalker….

#150 Silentblogger on 12.31.10 at 12:49 pm

Government: F – when it’s shortened to one letter do we really need to say anything more?

RE industry: CREA collectively – reading the news releases is starting to cause laughter that makes questioning ones own sanity a very valid proposition

Media: Anne Romer – the finely tuned and macabre version of the 5 w’s of what happened to the media – made even sadder by seriously lame attempts to “seriously question” her “guest/RE pumpers/puppet masters”

Blog: so many choices!

the true nut jobs (Lebowski, Vlad, et al) can’t be faulted as it’s cruel to make fun of the brain damaged

RE pumpers are just spewing the crap salespeople do (Devils Advocate and the rest…) and though they’ll likely have a toasty place by the fire next to the brimstone, they’re universally the same be it in RE, Cars, Stereo’s etc… so if you live in a capitalist country and can’t tune them out, the people working for Ronco need to eat too.

So,

For being a universally nasty and fowl mouthed all round jerk, know it all, self proclaimed economist, and doomer with a VERY misplaced ego, it has to be:

DarkSadPerson

Truly intelligent people don’t resort to his type of tactics and can see through the rhetoric he preaches as gospel. What we’re seeing is merely a re-balance of world economies now that India, China, and Russia are awake and playing in the same sand box. Conspiracy theory is (much like religion) a convenient method for explaining away that which is beyond ones capacity to understand.

Keep up the good work Mr. Turner.

Happy new year all!

#151 Utopia on 12.31.10 at 12:57 pm

#147 Agio on 12.31.10 wrote:

“Aussie Roy is excused as he’s from the land down under and Aussie babes are hot”
———————————————————-

Aussie Babes are hot?

Seriously man, you have never dated one. They are the most foul mouthed “in your face” women I have ever known and their shrill demanding accent is akin to fingernails across a blackboard when you argue with them.

Yeah, they are hot allright. Maybe too hot to handle though. I really prefer to stick with our own home-grown Canadian gals.

#152 Dark Sad Monster Bunny on 12.31.10 at 1:00 pm

Nicest conspiracy theorist – Mad Vlad Nosty!

Thickest skinned – DA

Most convincing arguement for deflation – Dark Sad Person

Reminds me of my Mom the most – Live within your means

Best Construction/reno advice – Dan from Victoria

Most off topic – Greg W

Poster who nails it 9 out of 10 then crashes and burns by posting something really strange – Moneta

Best International contributor – Aussie Roy

Best comeback ever – First Rick

Hot Naked Yoga everybody!

And thanks to our host for another year well done!

#153 Tom from Mississauga on 12.31.10 at 1:03 pm

Garth, my ribs are aching!!!
For the Greater Fool contest I’m going:

Blog readers Myself till I read and actually followed Money Road, missed too much of the 2 year rise in TSX.

Writer Tony Wong from the Toronto Star, put the happy pipe down dude.

Politician Bill Vanderzam in BC, he may actually be dumb enough to run for premier.

#154 Myjunkisonfire on 12.31.10 at 1:03 pm

My first post ever-

My vote is for realpaul – considering the amount of invective and vitriol he dumps here on a daily basis methinks he should bitch less and work more. We’re hiring for municipal positions – fair hourly wages. That being said, I really appreciate this blog. It acts as a bulwark against the tyrrany of corrupt monetary advice coming at me from all sides – friends, family, business partners, government and, of course, the M$M. I am relatively young and thankful for the advice that will allow me to build the ark before the flood.

Cheers to Garth and the Dawgs – a happy and prosperous New Year to (almost) all of you.

#155 brynn on 12.31.10 at 1:04 pm

Do you come with a dowry? — Garth

you couldnt afford it….

#156 dark sad person on 12.31.10 at 1:10 pm

So,

For being a universally nasty and fowl mouthed all round jerk, know it all, self proclaimed economist, and doomer with a VERY misplaced ego, it has to be:

DarkSadPerson

Truly intelligent people don’t resort to his type of tactics and can see through the rhetoric he preaches as gospel.

*********************
fowl ?

Truly intelligent people know the difference between a duck and a f-ck

But i digress-

I can’t come up with anyone on here-i think is a fool-
On the other hand-
I can’t think of any of our Politicians that aren’t fools-

Happy new year everyone-

Thanks for the blog G -

#157 Aussie Roy on 12.31.10 at 1:11 pm

Agio on 12.31.10 at 11:50 am

Aussie Roy is excused as he’s from the land down under and Aussie babes are hot.

LOL Yep “the woman glow
and the men … ?”

1984 Australiana

http://www.youtube.com/watch?v=8jHXu86O01w

#158 Kilby on 12.31.10 at 1:12 pm

Jim Flaherty has my vote, he does read this I hope. and is responsible for most of the mess. Happy New Year

#159 BDG-YYC - on 12.31.10 at 1:22 pm

There was a post the other day that struck me as being quite representative of the nature of the “foolishness” that is at the root of our dilemma.

A poster felt compelled to bless us all with their brilliant logic … soooo … ” $1Trillion in mortgage debt divided by the number of households in Canada – NO PROBLEM”

Truly the logic of fools …
1. About a third of households don’t own homes.
2. About a third of households don’t have a mortgage.

Sooo … that leaves 1/3 of households on the hook for 100% of mortgage debt.

Run the math … then compare the average mortgage value to the average home value … see what the average equity in the average mortgaged home is. Then … consider what an average home equity line might represent as a % of home value … then just ponder the effect of a 15% or 20% drop in RE values might have. Then think if you dare … that about half of the mortgages must have only about half of the average equity … then … try not to wake up screaming in the middle of the night.

#160 Superluss on 12.31.10 at 1:25 pm

http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2010/12/garth-turner-the-housing-crash-liar-loans-more.html#more

comments garth??

#161 squidly77 on 12.31.10 at 1:26 pm

I never said I bought Ford, only that theres are far better investments out there than Gold.

Don’t get me wrong, nothing wrong with owning some Gold, but the endless pumping of Gold sometimes becomes too much, Im sure that theres some Gold blogs out there, somewhere.

#162 LG on 12.31.10 at 1:34 pm

Happy New Year everyone – this string of posts has been a wonderful read!

Since I don’t get personally riled by posts I consider ridiculous, I skip through those and couldn’t remember who had said what even if there was money riding on it.

I was very interested in the newspaper articles mentioned
http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2010/12/garth-turner-the-housing-crash-liar-loans-more.html
because it just shows the lack of research done by the reporters.

This housing bubble is not new news. As I have just started unpacking books I rediscovered my copy of ‘Boomernomics’ which was written in 1998 (and is American). They do quote David Foot who, with ‘Boom, Bust and Echo’ provides the Canadian statistics for what is happening.

A few quotes from their section titled ‘Homesick’:

“Despite the revival of some real estate markets in the mid-1990s, the long term outlook for home prices looks fairly grim.”

“The fantasy that, over the long term, society is going to pay us big bucks to live in our own houses is like expecting not merely to have our cake and eat it too, but to have more of our cake after we eat it.”

“…for tens of millions of baby boomers, if the Big Chill arrives on schedule in the real estate market, the impact on retirement living standards will be pronounced.”

Unfortunately, even having read these books 8 or so years ago, I still have a long way to go to put all the pieces together for my own financial situation. It is an illiteracy that plagues most of my (boomer) generation.

Thanks to this blog I am slowly learning and changing. Though I won’t email Garth for advice – don’t want to be castigated publicly for my past ineptitude ;)

This is my response to the Canadian Mortgage Trends article:

Thanks for the attention.

Readers should know, however, that the ‘interview’ with Canadian Mortgage Trends on which this article is based was done on an informal and not-for attribution basis in which I did not respond in detail because the purpose of the call was masked. That is hardly in keeping with the reputation of this publication or the integrity of the questioner, who did not identify himself as a media person but rather as “a mortgage broker looking for information.”

On the liar loans, there will be audits – a statement I make as a former federal Minister of National Revenue. There are brokers around catering to the no-document business, as my blog has made evident. CRA will be knocking.

Regarding the number of originations which are high-ratio, the quote provided is inaccurate and was not one I made. I am in constant and continual touch with senior mortgage sources across the country and can say with confidence that nine of ten new originations are as I described them. Perhaps an industry publication would be serving us all by finding its own data instead of just being an ankle-biter.

But that would take some effort, I guess.

Happy new year.
Garth Turner

#163 Devil's Advocate on 12.31.10 at 1:41 pm

Garth knows my identity and could quite easily access a photo of my wife and confirm that there is a whole lot more truth in my assessment of her retained youthful beauty than any of you would believe. Yes, she is just that hot. Tonight at New Years I once again get to go home with the hottest chick of the night. Eat your hearts out. ;-)

Did I not tell you I never lie… NEVER.

Oh and my vote… now are we voting for the best or the worst…?

#164 Andy N on 12.31.10 at 1:47 pm

Anyone who posts a comment that I have to scroll down through to read.

#165 dd on 12.31.10 at 1:47 pm

#85 squidly77

…All the Gold bugs, if they had bought Ford…

Ford. Now that is gambling. But to be correct the one year return on Ford and Silver are about 100%. How about the 10 year return: Ford $30 down to $17, and Silver $4 up to $30. What a clown.

#166 Devil's Advocate on 12.31.10 at 1:55 pm

”Aussie Babes are hot? Seriously man, you have never dated one. They are the most foul mouthed “in your face” women I have ever known and their shrill demanding accent is akin to fingernails across a blackboard when you argue with them.”#151 Utopia

Oh and another thing I should mention about my wife… she’s always right… ALWAYS. No arguing it, it’s a fact.

#167 Devil's Advocate on 12.31.10 at 1:57 pm

But then, with the arsenal she’s packin’, why would I?

#168 Hoof Hearted on 12.31.10 at 2:11 pm

Calgary wants to crack down on UNpaid traffic fines totalling $18 million

http://www.calgaryherald.com/business/Calgary+drivers+face+unpaid+traffic+ticket+crackdown/4040259/story.html

I always get a laugh when our officials when they go on a nickel and dime authority binge.”oh yeah we can’t have these….thats anarchy!!! “…when they should simply state they are catering to a kneejerk public when they create these laws which ultimately are used to mask revenue generation.

The people are not revolting, but our governance is quite revolting.

I wish the day will come where EVERYONE (or at least a significant minority )fights there ticket…and clogs the courts….its already happening in many jurisdictions , and cases will ultimately get thrown out.

#169 Devil's Advocate on 12.31.10 at 2:14 pm

”Maybe next year…”

“The economy will be going gangbusters

Your knowledge will reach critical mass

Your boss will give you the go ahead (and agree to take the heat if things don’t work out)

Your family situation will be stable

The competition will stop innovating

Someone else will drive the carpool, freeing up a few hours a week

There won’t be any computer viruses to deal with, and
Your neighbor will return the lawnmower.

Then…

You can ship, you can launch your project, you can make the impact you’ve been planning on.

Of course, all of these things won’t happen. Why not ship anyway?

While others were hiding last year, new products were launched, new subscriptions were sold and new companies came into being. While they were laying low, websites got new traffic, organizations grew, and contracts were signed. While they were stuck, money was being lent, star employees were hired and trust was built.

Most of all, art got created.

That’s okay, though, because it’s all going to happen again in 2011. It’s not too late, just later than it was.”

- Seth Goodin

#170 MJ on 12.31.10 at 2:31 pm

#59 – Jeff Smith – are you trying to be funny?

#121 – Blase – I totally agree with you in regards to which posts I enjoy most reading.

F – did introduce the RDSP’s which is a really great thing – but I agree the rest is not so good.

Garth – thank you so much for your blog – I look forward to it everyday – you have changed my view on buying property here in Calgary. We are now paying down our debt and putting money into more savings and investments.

Wishing everyone a Very Healthy, Weathly and Happy New Year!

#171 Bob T on 12.31.10 at 2:32 pm

squidly77- greatest fool of them all. Check out his predictions.

#172 [email protected] on 12.31.10 at 2:41 pm

I came here looking for the real estate blog…oops I see pet prOn.

#173 dd on 12.31.10 at 2:55 pm

One of the Greatest fools:

All the bloggers that gave the sell order on gold and silver investments.

#174 mousey on 12.31.10 at 3:02 pm

My vote:
1.The Best Place On Earth – extra points for theatrical delivery of some seriously crazy drivel
2.Bob Rennie – “Something is changing at Millenium” – makes me laugh just thinking about that stupid ad
3.Canadain Government because of their policy on interest rates and shameful pension policy for veterans
4.Devil’s Advocate – who is he kidding?
5.Angry Bird – so foul

#175 Leanne on 12.31.10 at 3:06 pm

#163 Devil’s Advocate: Tonight at New Years I once again get to go home with the hottest chick of the night.

Sure DA, we believe you. And Garth can verify that you look like Brad Pitt too.

And the winner is…

#176 Live Within Your Means on 12.31.10 at 3:27 pm

#157 Aussie Roy on 12.31.10 at 1:11 pm

LOL Yep “the woman glow
and the men … ?”

1984 Australiana

http://www.youtube.com/watch?v=8jHXu86O01w

………………..

Thanks for posting that AR. Had my external speaker turned up to the loudest. Neighbour popped in & was downstairs and started singing along with it. Knew all the words :-) Love that song.

Happy New Year – it’s apparently Sat 6:07 AM in Sydney.

……………..
#152 Dark Sad Monster Bunny on 12.31.10 at 1:00 pm

“Reminds me of my Mom the most – Live within your means”

Not sure how to take that. :-)

#177 prairie gal on 12.31.10 at 3:27 pm

#126 Mike wrote:
I vote for every retard that posted a link from infowars.com

ditto

#178 super dave on 12.31.10 at 3:29 pm

I think Bob Rennie, or Helmut Patrick take the prize, but we will not really see them squirm until this spring, when Millenium Underwater goes on the block… and the packpeddalling starts to happen. Else this guy gets special mention…

http://www.youtube.com/watch?v=ccHTfTpLWhE

#179 prairie gal on 12.31.10 at 3:34 pm

#155 brynn wrote:
Do you come with a dowry? — Garth

you couldnt afford it….
——–
no, sweetie, you clearly don’t understand what a dowry is. This is the bounty that a bride brings to her husband. Often from the father to get the hussy out of his house.

#180 dd on 12.31.10 at 3:34 pm

#161 squidly77

…I never said I bought Ford…

See that is the rub. You never bought and most don’t. It is just gum flapping with you guys. I bought, ignored the tonnes of nay sayers, and have profited greatly (All my positions have stop losses). I pays to go against the herd; in real estate and in other investments.

#181 jess on 12.31.10 at 3:39 pm

I vote for the Gaussian copula formula

#182 Moneta on 12.31.10 at 3:43 pm

Poster who nails it 9 out of 10 then crashes and burns by posting something really strange – Moneta
——-
Woohooo… I exist!

#183 $froma$ia on 12.31.10 at 3:44 pm

SO THE winner is “F”?

#2 is ?

#3?

I’d like the top three please!

#184 Nostradamus jr. on 12.31.10 at 3:44 pm

Positive thoughts
Positive articulation
Positive doing

…and where can we enjoy this Spiderman Positivity Vibrations?

Hongcouver of course, North America’s Financial, Trade, Culture and Leisure capital.

http://goodthoughtsgoodwordsgooddeeds.blogspot.com/2010/12/easy-enough-creed-to-appreciate.html

#185 Kurt on 12.31.10 at 4:06 pm

I’m going to nominate not a greater fool, but an exemplary blog dog. Someone who’s comments are warm, level-headed and helpful. Dan in Victoria, many here could learn as much from the way post as from what you post. I hope you’re with us in the New Year.

#186 Junius on 12.31.10 at 4:16 pm

In the true spirit of the Greaterfool the winner has to be Bestplaceonearth and his various other names.

Nostry Jr. is second for the relentless “it is different here” nonsense and the decoupling of B.C. from the rest of the world economy.

However no one is able to more consistently rant the mantra of “greed” “fear” “It is different here” “Buy Now or Be Priced OUT forever” that is the holy creed of the Greaterfool.

I think it says volumes about how decoupled peoples brains are B.C. and the Lower Mainland in particular about how bad things are going to get there in the near future.

Vancouver certainly wins as the Greatestfool market of the year.

#187 EJ on 12.31.10 at 4:18 pm

My vote goes to F, who single-handledly set the bubble in motion by adjusting regulations in the completely wrong direction when C dropped rates. Our country is now worse-off for at least a generation due to his incompetent bungling.

Runner up goes to the entire MSM, who eagerly and predictably threw away every shred of honesty, integrity, and ethics in exchange for payola from a corrupt RE industry. Every time you double-dealing liars call me and ask why I won’t subscribe to your worthless rags, I’ll let you know that it’s due to your incestuous sleeping arrangement with that diseased whore.

On a lighter note, it’s good to see a post from Daystar again. It’s been a while. I’ve always enjoyed your insight and found you to be one of the most intelligent posters here.

#188 confused and a little crazed on 12.31.10 at 4:19 pm

hi guys

the best place on …. and notradam jr are the same guy
same writing style

#189 Junius on 12.31.10 at 4:21 pm

#169 D.A.,

So what is your point with the Seth Godin quote? I am a HUGE Seth Godin fan and thought his book, “Lynchpin” was one of the best biz books of the year.

The lesson that Godin is sharing – IMO – is that the way to the future is through innovation and the creation of “art” which he smartly defines rather broadly. I agree 100%.

So why does everyone remain so stuck in the old economic order of excessive debt and consumerism. Real Estate is so pre-2009.

Time for the new economy.

PS – have you identified that business in Kelowna that recently sold? A real winner in the new media world run by a terrific corporate leader. If we had more of guys like him Carney wouldn’t be shitting his pants so much these days.

#190 Kurt on 12.31.10 at 4:25 pm

155 Bryne – you appear to have confused “dowry” with “bride price”. In the the case of a dowry, it would be your dad who couldn’t afford it.

#191 Sand Piper on 12.31.10 at 4:34 pm

I nominate all those wimpy – spineless $100k+ income whiners who write and tell us how troubled they are and what should they do…

Should I buy that leather interior 323i BMW or go for the C Series..ohh I am so confused…Garth, please help my family with this serious development, what advise I get on the web should be 100% legit…[Barf] – [no offense to you G-Man]

G-Man – I have just recently got hooked on your site after spending years on the “Housing Bubble Blog” by Ben Jones in the States … this site is fantastic and look forward to some awesome discussions on various facets on our “pending” doom….

All the best G-Man / Happy New Year and all the best and prosperous year to all those who have visited this site…CHEERS!!

#192 Silentblogger on 12.31.10 at 4:34 pm

fowl ?

Truly intelligent people know the difference between a duck and a f-ck

But i digress-

***********************

Taken to attacks on grammar in the world of auto correct?

Bird brained arguments are like that are exactly why I remain my namesake.

Again, Happy new year all!

#193 Nadine Lumley on 12.31.10 at 4:42 pm

Greatest fool of all for 2010? I won’t name any of the irritating people who post here because that will just add fuel to their ego fire.

I will say the posts that include financial and personal details are my very favourites to read. Thank you for those posts. Everything else gets a rapid scroll by, and I mean RAPIDE.

In Canada though, the biggest fools that get my vote, are the many sleeping Canadians who are not keeping abreast of the crimes our Prime Spender Stephen Harper and his unelected backroom closet homo goons are inflicting on this country at a shocking rate.

The silent MSM is also to blame for this vacuum of knowledge. If you get your news by reading newspapers and watching t.v. news, you most likely are extremely out of touch with reality. MSM are owned by very rich men who are not in the business of reporting news. They are in the business of providing eyeballs to advertising and doing favours for their government bitch.

I vote the 33% of Canadians who support this fascist are the biggest fools around.

Stephen Harper’s new Bunker Downfall
http://www.youtube.com/watch?v=-eNESzuM78k

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http://www.youtube.com/user/unseatstephenharper

http://twitter.com/unseatharper

http://www.youtube.com/watch?v=cwa60YpWiOM&feature=player_embedded

http://www.cafepress.ca/Looney_Left

http://tiny.cc/CRUSH_tear_off_flyer
http://tiny.cc/CRUSH_url_cards
http://tiny.cc/MP_petition
http://tiny.cc/Trash_Civil_Liberties
http://tiny.cc/G20_Tear_Off_Flyer

Write your outraged letters to Canadian media:
http://www.onlinenewspapers.com/canada.htm
http://tinyurl.com/MSM-List

Punch in your postal code and a list of your neighbours will pop up.
http://www.canada411.ca/search/address.html
Call them. Ask them how they feel re politics. Listen to them. If you get a chance, tell them about HarperCon and how we’re all headed to hell in a handbasket unless we mobilize.

▌♥ ▌

#194 dave in calgary on 12.31.10 at 4:46 pm

Garth, I think you get a better voting turn out on your blog than you did in your riding…

#195 Nebbio on 12.31.10 at 4:46 pm

People actually read all the comments from these blog whackjobs?

#196 grantmi on 12.31.10 at 4:46 pm

By far.. Nasty Jr. wins hands down!

2nd! probably Lucifer’s Advocate!!

#197 Daisy Mae on 12.31.10 at 4:48 pm

First place goes to Devils Advocate — very annoying. Second place goes to BestPlaceOnEarth — full of crap.

#198 realpaul on 12.31.10 at 4:51 pm

I’m closing the martket today ( as long as it doesn’t roll over and die before the bell) with an 85% RETURN ON MY GOLD FILE. I GUESS THAT MAKES ME A GOLD NUT ( in the eyes of the deniers)…BUT WHAT THE HELL!!!! Investments in the 5 major economic sectors are running anywhere from 20% into the 150%’s.

I guess that makes me a consumer discretionary nut….an oil and gas nut….a uranium nut… an insurance co nut……a copper nut…a zinc nut….a bank stock nut….an emerging markets ETF nut etc etc etc.

I gotta tell ya…..if this is crazy then gimme gimme gimme. It would seem that I’m not alone…look at the action in the markets generally…if you’ve been a denier then you’ve lost a lot of cash this past year.

Have a great New Year all……don’t drink too much…you have to be clear headed to see whats really going on.

Of course if you’re up to your yangs in a crushing mortgage you’ll get none of this. The RE market will continue to suck capital for a decade ( as it does during a downturn). Yer screwed pupsters.

My predictions for the new year are for bad news to overwhelm the headlines….rising unenemployment and more austerity as governments are forced to deal with their debts. Keep in mind that the stock market is a leading indicator and investors are not watching the headline numbers…just the bottom line…..predicting what may happen 18 to 24 months from now with corp profits. Smart investors want to get in front of that train. This is exactly why the action in the markets is antipodal to the headlines of today.

GLTA…..lets spend our energy in the new year rooting out the evil of the outrageous waste expended on the civil service and redirect that money to the people who need it. Instead of supporting civil servants in million dollar mansions and sucking SUV’s lets feed the starving children and build quality housing for the freezing hungry seniors.

#199 Fractional Reserve on 12.31.10 at 4:54 pm

To Garth and all the blog dogs, a happy and prosperous New Year. Keep up the great work in 2011 Garth. If you thought 2010 was interesting…

#200 Hell in a Hand Basket on 12.31.10 at 5:00 pm

I’d vote for Nosty Jr. and Cookie “It’s-the -governments-fault” Monster.

Nosty Jr. because of his clueless “it’s different here in Hongcouver” approach. You will still be on the beach when the tidal wave comes in. Cookie Monster because he doesn’t realize that governemnt and private industry is a revovling door.

Jamie Scott said it best in his video “They Don’t Care About You” on youtube:

http://www.youtube.com/watch?v=TPI6zKQZzbc

when he made the point that Gord Campbell who makes 183K a year is appointing people to run a train company with no trains getting paid a 1 million dollars. I understand civic duty, but who takes a job that pays so littel in comparison to what they could get in the private sector unless there is some real benefit from being in office. And there is real benefit from being in office. I would be surprised if any former president, Premier or PM has ever become less well off after leaving office.

I think Nostrodamus Le Mad Vlad is cool, keep posting dude. The problem with most people is they are not looking for trouble and then they are surprised when they find it, conspiracy theorists are always looking for trouble and are never surprised.

#201 doctore on 12.31.10 at 5:05 pm

I vote the greatest fools of 2010 the Greeks and Irish and most europeans, who are now facing severe austerity measures. These people lived high on the hog and went crazy for realestate, especially in Ireland. The greeks were lazy and did not pay tax and as they should have and hid things on their gov balance sheet. Now these people are paying the piper and causing havoc by rioting and crying poor. On here I nominate Nostrodominus.

#202 Copywryter on 12.31.10 at 5:06 pm

Egads, what an echo chamber. The greaterfools of the year are the lumpen investariat who don’t even know this blog exists. Without their naivete, this festering little kennel doesn’t even exist.

#203 Stevermt on 12.31.10 at 5:18 pm

My head and eyes hurt when I read these comments
I do enjoy the links to actual facts and G rocks.
I vote for F’n F !!!!!!

#204 Dazed and Confused on 12.31.10 at 5:18 pm

While watching the hockey game last night, they showed how the players and their wives were giving back to the community. Player “to remain unamed” and his wife show up to this house with Xmas dinner and presents for this struggling family. As the camera follows the player and family through the home, I stop paying attention to what is being said and start noticing that this so-called needy family appears to be better off than I am. Hardwood floors throughtout, 46 inch plasma, granite countertops, etc….

Sorry for the rant but my award has to go to all those people that borrowed all that free money and overextended to a point where they are now begging.

Living in Calgary, everyone is so busy trying to keep up with the Jones’ that they don’t see the pain they are causing their families. I wish them luck but have trouble feeling sorry for people that feel entitled to boats, McMansions, SUVs, ski cabins and trips on borrowed money.

Happy New Year all. I respect and appreciate all the opinions shared in the comments section. Makes for great night time reading.

#205 Hoof Hearted on 12.31.10 at 5:18 pm

Estate Taxes (in U.S.) rise from the dead

http://www.financialpost.com/personal-finance//4037619/story.html

Note: apparently….you are immune if you die before Midnite Dec 31, 2010

I wonder how much longer before Canada sticks it to its own citizens without any exemptions ?

#206 GregW, Oakville on 12.31.10 at 5:20 pm

This will be my last post until next year some time.

I’d be happy to get many many votes for the greatest fool for 2010 if there was a way to make the persons voting for me, watch the info video at
http://www.fluoridealert.org/

I double dog dare you to watch all 28min of it !
“Featuring a Nobel Laureate in Medicine, three scientists from the National Research Council’s landmark review on fluoride, as well as dentists, medical doctors, and leading researchers in the field,…”
and even read the 2006 NRC report.

#207 GregW, Oakville on 12.31.10 at 5:23 pm

Almost forgot, my vote is for H, F & C, and this gang.

#208 Devil's Advocate on 12.31.10 at 5:37 pm

“4.Devil’s Advocate – who is he kidding?” #174 mousey on 12.31.10 at 3:02 pm

Believe what I tell you – or not. The choice is yours. Makes absolutely no difference to me. I mean really, my personal life… not like I am telling you who I am so I can bask in the glory of it publicly. My business… I work with what the economy dishes out to me for how possibly could I influence it one way or another. And as far as taking advantage of greater fools… just what benefit might I derive from that? Really… cultivating a good long term client is worth thousands more to me than taking advantage of one bumbling greater fool.

Lies? I’m not nearly smart enough to pull them off… no one is, they always catch up with you in the end and carry with them one mother of an interest charge.

So believe what I say or not… your choice. But ask yourself – what motive would that annonymous D.A. have to lie?

#209 Hoof Hearted on 12.31.10 at 5:38 pm

Smug Non Real estate investors should never count out the possibility that Goldman Sachs et al types are luring suckers in for another rape and pillage of the economy.

Wall Street incubi seems to be doing just fine, which generally means their clientele will need Preparation H sooner than later

#210 grommet on 12.31.10 at 5:53 pm

I vote for this guy:

http://www.youtube.com/watch?v=AvWfbIe4X_4

more of a jester than a fool though.

#211 Snook 1 on 12.31.10 at 5:54 pm

Garth,

Thanks for a great thought provoking year with this blog. The fact that more and more people check out this blog tells you that the message is getting out there for people to “Pay Attention”.

Nosty Jr. gets my vote

#212 Dale in TO on 12.31.10 at 6:38 pm

All in fun, but here it goes …

1. ‘TheBestPlaceOnEarth’… so annoying I have to
take a laxative after reading you.

2. ‘Nostradamus Le Mad Vlad’ … Hey dude,
your ‘Out There’!

3. ‘bullion.bunny’ … We get it, your smart!

4. ‘Vancouver Rocks’ …. more laxative!

5. That Big RE Dude … KRUMP. FRUMP, KLAMP,
FRUMP … whatever?

Great Fun .. Cheers!

#213 Devil's Advocate on 12.31.10 at 6:40 pm

So let me take the liberty of giving you all something to bark about seein’ as my comments are apparently so igniting;

Predictions for 2011 Real Estate

Prices rise in the first trimester and fall again in the second such that the market by year end is flat.

Volumes rise in the first trimester with anxious first time buyers and vultures growing impatient and jumping off the fence or decending from the sky. The increased activity makes sellers believe the market is rebounding, and it indeed is, but unbenounced to them only for a short window of opportunity.

Interest rates will bump along bottom but by mid year start their anticipated slow gradual ascent which can not be avoided as the bond market does it’s thing and governments concede to it’s overrule.

By the end of the year those who bought during the course of the year will be able to reflect back that they did so with apparent historically low interest rates and under appropriately prudent bank scrutinization of their personal covenant that they to both borrower and lender a reasonable risk going forward. And that while their investment in a “home” may on paper fluctuate in value it was not purchased as a risky speculative venture and that in itself will prove to lend a great deal of stability to the economy.

There have been paper loses these past 18 or so months yet to be crystallized. If those whose homes have decreased in value so much are able to hold on and the others who can not hold on come to terms with their own foolhardiness by selling at a loss to this years first time buyers – then we will be on the road to recovery. Many will have learned valuable lessons not unlike many did in the early 80’s. History may not repeat itself but it sure as hell does rhyme.

An education is a bargain at any price.

cue…

cut to scene…

http://www.youtube.com/watch?v=_hDyqvoAHkg&feature=related

you are the master of your own destiny ;-)

#214 Nostradamus jr. on 12.31.10 at 6:42 pm

ftr, I am me…Best Place On Earth is a brilliant mind, but we are not the same.

..Perhaps BPOE should share the title w/ Nosty Le Mad Vlad, for he/she continued “The Greatest Story Ever Told” whilst I was twice living in purgatory this year.

As is known round the world, the Olympic Flame Shrine overlooking Vancouver harbour is the Planet’s new symbol of Religous Faith.

…Every Canadian should make a Pilgrimage/a Haj to visit the Flame at least once in their lifetime.

…This vision came to me nearly 500 years ago.

Nostradamus jr.

#215 Devil's Advocate on 12.31.10 at 6:43 pm

unbeknownst

#216 realpaul on 12.31.10 at 6:43 pm

#200 And you think it isn’t worse in Canada?

“These people lived high on the hog and went crazy for realestate, especially in Ireland. The greeks were lazy and did not pay tax and as they should have and hid things on their gov balance sheet. ”

The average CDN debt is far higher than anything in the countries you mentioned…Canadian government debt is far higher than Greece and Ireland…Canada has been warned repreatedley by the IMF over this.

The fact that the Canadian media doesn’t report on this seems to mean to some people that the situation doesn’t exist. That most CDN’s are paying outrageous taxes and we’re still in big trouble shopuld be worrying you. The fact that we can’t afford to pay off the debt except at zero intrest should be very worrying.

What got the EU countries into trouble was the fact that they could no longer borrow money from withing the EU monetary system without triggering alarm bells. Canada is borrowing from the taxpayer by printing ‘bonds’ and buying them back…..they haven’t had to trigger the safeguards that are in place in the EU. But have no doubt that Canada is carrying a much higher debt load than either Greece or Ireland. The government here has no one to answer to and that is how they’ve managed to hide the mess so far. A lack of transparency has saved the governments bacon to date….but this can’t last.

We’re already seeing pressure build as revenues slide with the net result in taxes on everything creeping up. We are approaching the 100% tax threshold…at which point the whole ponzi scheme collapses.

We are also seeing the inout costs for real world expenses building inexorably and competing with the government for disposable income. Thats what most interesting to me. My guess is that the government will beggar the population before forcing itself to introduce austerity measures. Look at the big picture and try to piece it together.

#217 LS on 12.31.10 at 6:52 pm

From Vancouver Condo Info:

No Housing Bubble Trouble – From Washington Times, Jan 9, 2005
http://www.cato.org/pub_display.php?pub_id=4243

Reads like Jay Bryan’s piece from the Montreal Gazette, that was already linked a couple of times today. For those of you who may have missed it.
http://www.montrealgazette.com/business/solid+basis+scary+speculation/4039586/story.html#ixzz19dQW27sE

Happy Hot Nude Yoga everyone! Gawd, I LOVED that link!

#218 avenirv on 12.31.10 at 6:52 pm

dubble,
just a reminder from high school:
360 means you are where you’ve been so you negate everything you said. maybe you want to say 180 ?
happy new year !

#219 Devil's Advocate on 12.31.10 at 7:03 pm

And yes I really do truly believe that which I last stated as much as I do try to refrain from voicing my predictions.

As an “cyclical equilibriumist” (don’t look it up – I made it up) I’d love to believe Garth but don’t see it playing out that way as much as it should more than mine. I just think there are more powerful interests at work which will offload those equalizing capitulations to a more distant future. It’s a frequency thing – like a boat in the ocean – do you ride the waves or is your boat big enough that from one to the other you hardly notice? Maybe you need a bigger boat, or you could come about and meet those waves head on. Most boats are capable of handling a lot heavier seas than their captains.

#220 sue on 12.31.10 at 7:09 pm

brynn,

I’m pretty sure a dowry is something YOUR family has to come up to pay off the poor schmuck who is marrying you.

#221 sue on 12.31.10 at 7:10 pm

OK, that came off as a bit harsh…maybe he’s very lucky… :)

#222 Boomer62 on 12.31.10 at 7:14 pm

#180 prairie gal on 12.31.10 at 3:34 pm#155 brynn wrote:
Do you come with a dowry? — Garth

you couldnt afford it….
——–
no, sweetie, you clearly don’t understand what a dowry is. This is the bounty that a bride brings to her husband. Often from the father to get the hussy out of his house.
——

Garth…beware…

Maybe she is like an underwater mortgage and comes complete with big credit card debt?

#223 VICTORIA TEA PARTY on 12.31.10 at 7:28 pm

SHUCKING OYSTERS

Just like some mad monk of yore, thumbing through various religious relics and indulgences, market watchers sometimes get a little desperate in their search for market “truth” as they look ahead to the new year–2011.

As we stand at the start line of another period of economic angst and bombast tis’ time to look back into the mysteries of economic life (2007-10), through Lewis Carroll’s “The Walrus and the Carpenter” (from Through the Looking Glass, circa 1872), and perhaps to divine what comes next.

In this investigation, the Walrus is Fed Chief Ben Bernanke, the Carpenter Tim Geithner, the US Treasury boss. The oysters are, well the Rest of Us! Ah, Shucks!

“The sun was shining on the sea,
Shining with all his might;
He did his very best to make
The billows smooth and bright-
And this was odd, because it was
The middle of the night.”

This was Ben’s ongoing forecasts of economic improvement (remember ‘green shoots’?) everywhere. He was, indeed, keeping us in the dark.

“The moon was shining sulkily;
Because, she thought the sun
Had got no business to be there
After the day was done–
‘It’s very rude of him,’ she said,
‘To come and spoil the fun!’”

Timmy kept his banker buds in the dark, too!

But these two really did know that the system was in trouble. So…

“…The Walrus and the Carpenter
Were walking close at hand;
They wept like anything to see
Such quantities of sand.
‘If this were only cleared away,’
They said, ‘it would be grand.’”

This gave them the idea to bail out their banking friends, car making pals, real estate drones and generally screw things up even more.

‘If seven maids with seven mops
Swept it for half a year;
Do you suppose,’ the Walrus said,
‘That they could get it clear?’
‘I doubt it,’ said the Carpenter,
And shed a bitter tear.”

Then Big Ben got another “great idea,” Quantitative Easing! All he had to do was sell the idea to the masses!

“ ‘O Oysters, come and walk with us!’
The Walrus did beseech.
‘A pleasant walk, a pleasant talk,
Along the briny beach…’”

Now that they had charmed their customers, er suckers, closing the deal was easy.

“…four young Oysters hurried up,
All eager for the treat.
Their coats were brushed, their faces washed,
Their shoes were clean and neat–
And this was odd, because, you know,
They hadn’t any feet.”

The pillage continued, even from offshore customers, from China!

“…And thick and fast they came at last,
And more, and more, and more–
All hopping through the frothy waves,
And scrambling to the shore.”

Meanwhile back at the beach house, DC, some of the denizens were getting a little worried at the plunder down by the tide-line. Bennie the fiddler was ready for them!

“ ‘The time has come,’ the Walrus said,
‘To talk of many things;
Of shoes—and ships—and sealing-wax–
Of cabbages—and kings–
And why the sea is boiling hot–
And whether pigs have wings.’ ”

Congressional testimony like that fools ‘em everytime when Ben talked about Quantitative Easing, economic forecasts and the way things are and why. Stuff and nonsense!

Therefore, it should have come as no surprise when this pair sat down to reflect on their accomplishments, there was nothing left but a hollowed out US economy!

“ ‘O Oysters,’ said the Carpenter,
‘You’ve had a pleasant run!
Shall we be trotting home again?’ “
But the answer came there none–
And this was scarcely odd, because
They’d eaten every one.’ “

So this review sets us up perfectly for what’s next. More shuckin’ and a lot of jivin’. On our dime, and in good time, we’ll all be back again. On the Beach! Such a treat.

#224 Chaddywack on 12.31.10 at 7:30 pm

Definitely $froma$ia!

#225 Boomer62 on 12.31.10 at 7:32 pm

There are too many nominees for the 2010 Greatest Fool award to mention.

I would rather choose the best photo of the year and today’s photo has got to be one of the funniest of the year.

I would like to raise a glass and propose a toast to Mr. Turner – thanks for some good times in 2010 and keep up the good work in 2011. Cheers to all!

#226 Timing is Everything on 12.31.10 at 7:50 pm

#207 GregW, Oakville

‘Triple dog dare’ is the highest. Double dog dare ain’t gonna do it, bud. Say it like ya mean it…

http://www.youtube.com/watch?v=ZLZj3zOUZNs

#227 Abitibidoug on 12.31.10 at 7:57 pm

I second the choices of OnlyTheBankersLaugh, namely:

Out thar’ in government – Flaherty (another poster here called him Flapperty), Carney and Harper (that same poster called him Steve-O) who prolonged the delusion by throwing us all under the bus with massive CMHC hedge fund. For this action alone, they should be unmasked for the power mongers they are and be thrown out on their butts.

Abitibidoug

#228 kc on 12.31.10 at 8:01 pm

Some good comments about the “nutters” on here… cheers….

to the people who are “newer” or haven’t been reading along in here over the last couple years, let me give a brief refresher…

The first person that seemed to really get under everyone’s skin was our 1 and only “Nostradamus jr”. If memory recalls he was one of the first posters to be banned (and more than once)… He would post 10 times a day with North Van being the best place in the world, and giving his Vancouver is the $$$ financial capital of the world and then get onto a racial rant about “hongcouver” and how everyone is going to be moving here…. I see he is back at it…. cheers

185 Nostradamus jr. on 12.31.10 at 3:44 pmPositive thoughts
Positive articulation
Positive doing

…and where can we enjoy this Spiderman Positivity Vibrations?

Hongcouver of course, North America’s Financial, Trade, Culture and Leisure capital.

#229 jess on 12.31.10 at 8:03 pm

“Martha Kunkle” – the new John Smith?

Friday, December 31, 2010
Woman Deceased in 1995 Continued to Robo Sign Till at Least 2008
http://www.nakedcapitalism.com/2010/12/woman-deceased-in-1995-continued-to-robo-sign-till-at-least.html

#230 Devore on 12.31.10 at 8:12 pm

Greatest fools: those about to get steamrolled by inevitable economic forces. Whoocoodaknowd?

I often enjoy reading the comments section, especially those bringing observations from the street, investment math, and even political debate free of partisan posturing (ok, that one’s pretty rare).

And damn, skipping over DA’s comments takes much more work to skip on a blackberry.

#231 VICTORIA TEA PARTY on 12.31.10 at 8:23 pm

NOMINEE OF THE YEAR

Mark Carney. Not from what he’s done, but what he WILL do in ’11: yanking the punch bowl away from the Real Estate creatures one and all. It’ll be quite the ride, I’m afraid, as interest rates rise right across the spectrum, from Carney’s short-term extravaganza all the way to the bond vultures at the longer end.

Various wild-food recipes may come into fashion afterall!

PS: Keep Europe in your thoughts.

#232 Nostradamus Le Mad Vlad on 12.31.10 at 8:31 pm

-
#178 dark sad person on 12.31.10 at 12:16 am

“. . . great continent of Africa . . .” — G’day, DSP and all. Africa (and South America) — fine continents, soon to be ravaged by the white man in his eternal greed, the lust for temporary material things.

A little old, but this is what’s happening quite routinely.

A friend said that India’s population was 60% filled with people between the ages of 18-45 (middle class), whereas this continent is fast becoming a majority of boomers, with no replacements forthcoming.

TPTB several years ago saw that this was a deteriorating continent and chose to make their move. In so doing, they remove money from the system (deflation), companies like GM go broke, lay workers off (break unions), can’t pay IOUs so suppliers go under which leads to further layoffs and so on.

Then they are magically bailed out by govts., but have outsourced the vast majority of their work to lower-paying countries, where the wealthy and powerful can reinvest their money, hire much lower-paid workers, invest in new start-up companies and make tons of moolah.

Ultimately, it won’t be China but India which takes the lead shortly. The cycles are still changing, and the west will have to learn to live a far simpler lifestyle.

The last time something (on a much smaller scale than this) happened, the Christ, during the missing 18 years was traveling from ashram to ashram, learning from the masters of the time. His travels covered much of Chindia before he took up his ministry.
*
#56 Cookie Monster, #62 Nostradamus jr., #83 Ghost of Tom Joad, #86 yogi, #91 Renter in Van, #96 Increasing that 1%, #103 GoodKinJohn, #119 T.O. Bubble Boy, #120 MikeT, #124 Moneta, #137 TheBigLebowski, #139 Live Within Your Means, #142 Renting in Rosedale, #150 Silentblogger,#152 Dark Sad Monster Bunny, #156 dark sad person, #196 Nebbio, #201 Hell in a Hand Basket, #213 Dale in TO, #215 Nostradamus jr. (“…This vision came to me nearly 500 years ago.”) I wasn’t borned then, so I didn’t know — Mebbe I don’t always post drivel after all!

HNY t’all ya Dawgs!

#233 Devil's Advocate on 12.31.10 at 8:33 pm

A poll conducted asking which is the Greatest Economist of all Time had the following results;

#1 with 45.7% Adam Smith
#2 with 16.5% Milton Friedman
#3 with 14.3% Ludwig Von Mises
#4 with 12.8% Friedrich Hayek
#5 with 10.7% John Maynard Keynes

Our most current influential fellow, Keynes, seems to be falling out of favour with Adam kicking everyone’s ass.

I think this might be a most telling forecast of socio/political/economic changes on the horizon. Behold the GREAT ADAM SMITH and his invisible hand!!! Makes sense to me… always did. Keep it simple. Can’t deny that Keynes ideas sure as hell ain’t workin out so well although I am quite sure he would be ashamed how literal our governments have taken him. Of course that devil John predeceased our friend Milt by 60 years. Like all true artists, as I am sure Seth would agree, seems their greatest influence always comes some time shortly after their death. Your is near Milt.

Interesting if you look at the bigger picture… the fall of communism in Europe the increased meddling by government in the west and a recent small insignificant poll suggesting a return to Austrian Economic philosophies with four such thinkers royally trouncing the father of modern bureaucratic economic principles practically 9 to 1.

I can’t but help to think there is a message there somewhere, one that makes me smile. ;-)

#234 Sgt Bilko on 12.31.10 at 8:43 pm

Garth – Thanks for the best blog on the ‘net.

I sold my last house some years ago. The very significant monthly savings over this time went mostly into Silver and Gold. I know Garth hates PM’s but I can’t argue with the returns and an overall valuation that staggers even my own imagination.

McMansions, Costco and the North American bunker mentality are becoming unsustainable and – fortunately – this era is going to be relatively short-lived. Have a closer look at Europe (ie: go there) and discover that renting does not mean you are second class.

2010 is just a continuation of the Bush/Cheney era…The people were duped, the money debased, the security lie propagated and debts increased. This direction is not going to change in 2011.

My vote for greatest fool is reserved for the propagandists in our governments and Canadian MSM that help keep the housing charade going. Shame on them as they should know better.

#235 TheBigLebowski on 12.31.10 at 8:49 pm

For those still living in denial and haven’t taken measures to protect themselves financially . For you there will be a special new years gift from the bankers to you. Get ready to bend for the bankers and take a little austerity in the posterior.

#236 Devil's Advocate on 12.31.10 at 9:00 pm

Fundamentally it is as simple as this;

Take the richest man this world has to offer and him alone but for one other, the poorest of men this world has to offer, are henceforth the sole occupants of this planet. They suddenly become most equal as the richest mans wealth buys him nothing more than the poorest man can so too achieve through his efforts. Introduce a third man and the dynamic changes little.

But introduce just one woman and holly crap does that dynamic change in a hurry.

It’s just as simple as that.

#237 bullion.bunny on 12.31.10 at 9:05 pm

#161 squidly77 on 12.31.10 at 1:26 pm

To know and not to have acted, is not to have learned.

Buddha…..I think

#213 Dale in TO on 12.31.10 at 6:38 pm

3. ‘bullion.bunny’ … We get it, your smart!

No here to prove anything……just here to share in knowledge………but thank you for you kind word.

#238 squidly77 on 12.31.10 at 9:24 pm

See that is the rub. You never bought and most don’t. It is just gum flapping with you guys. I bought, ignored the tonnes of nay sayers, and have profited greatly (All my positions have stop losses). I pays to go against the herd; in real estate and in other investments.

But I did by an awful lot of SIRI when most thought that satellite radio was dead. There’s nothing wrong with Gold, heck it returned a 25% profit last year.

#239 Milhous Plumbers on 12.31.10 at 9:37 pm

North Korea’s Uncle Kim and that chubby little brat-in-tow of his and all his home believers.

#240 Dan in Victoria on 12.31.10 at 9:38 pm

Thanks for the hat tips. Appreciate it.

Thanks to Garth for making my wife believe “They’re not all snake oil salesmen” Means a lot at The “Dan” household. Thanks Dude.
I’m not going to pick any one as the “Greatest fool”
I learn a little bit every time one of you takes the time to post, whether it be a little more about human nature or finances, or life in general.
I still don’t read three and a half people on here because of their self centered “me” type posts. Maybe i’ll read a few this year and see if you’ve changed.
Hope so after all its all about learning.
To the scores of people who come here and remain unknown, I hope that the ones that need to learn, learn from us.
To the others who don’t post, yet mock and belittle, else where think about some one besides your self for a change, you can do it.

In no pacticular order these people always make me think.
KC
Daystar
Got A Watch
Non Plussed
Vic Tea Party
Mad Vlad- with a wink.
Kaganovich
Mike the Engineer
Theres some others too……. I just can’t remember right now, I’m killing a few of the weak brain cells off.
Sorry.
And to all my friends, realitives and class mates who left us this year a toast to you.
To all my friends here, and every where that are still here a toast to all of you too.
To all of the armed forces people who couldn’t be home this holiday season , THANK YOU.
And Dorothy, thanks for sharing.
Now, just gotta find the bass fishing gear…….

#241 Daisy Mae on 12.31.10 at 9:41 pm

“My vote would be “H”,”F” and “C” for creating this mess…”

Yes, that’s exactly correct! What a bunch of idiots…

#242 Gord In Vancouver on 12.31.10 at 9:45 pm

The Vancouver Pumpathon Continues…..

WARNING – do NOT read this while consuming a beverage.

http://www.vancouversun.com/business/Peering+into+2011+housing+picture/4046282/story.html

#243 Rural Rick on 12.31.10 at 9:46 pm

Nominated for most annoying:
Nosti, DA, and that man from LA
Blog dogs are cool every one a greater fool.
Thanks everyone for the insight, education, and the laughs. Remember to hear all voices.
Live long and prosper.

#244 S.B. on 12.31.10 at 9:46 pm

Voting for DA and B.Bunny (Not to be confused with Missy Bunny) as most annoying. :twisted:

#245 Devil's Advocate on 12.31.10 at 9:48 pm

Term life insurance policy expired recently so the wife and I met with our insurance agent. Kids are grown now so don’t need as much coverage and because of my position on those mortality tables the actuaries deemed a higher than normal premium. (Seems I’m insuring them not them me). We discuss our options, long story short wife is concerned that because of my lifestyle I am apparently at a higher risk of dying than most and so insists on maintaining insurance on my life and at the same face value as before. I eventually cave and agree to indemnify her continued happiness without me. She asks me “Don’t you want to insure me?” to which I respond “Oh sweetheart I could never be comphensated enough in the event of I should loose you. Besides the reduction in my monthly expenses resulting from your demise alone would make me a very wealthy man”. But she is worth every cent of those outrageous premiums or I wouldn’t be paying them. I consider it rent. ;-) Now that oughta tug on the leash of a poodle or two.

#246 Westcoaster on 12.31.10 at 9:56 pm

D.A. is the obvious choice as an individual, but I think the CREA and ReMax spokespersons deserve (dis)honourable mentions.
I think there should be a collective candidate as well – those very strange people who apparently dutifully follow your blog and then ask you utterly inane questions about the painfully obvious economic choices they face. I know you don’t make these characters up, but sheesh, how blinded are these people.
HNY to all and to all a good 2011.

#247 bullion.bunny on 12.31.10 at 10:17 pm

#244 S.B. on 12.31.10 at 9:46 pm

Take a pill.

#248 Devil's Advocate on 12.31.10 at 10:23 pm

Gee, I didn’t realize I was such a prick. Should bode well for my bid for the Provincial Liberal Leadership nomination. Ah screw it I’ll single handedly bring back the Socreds.

#249 Pr on 12.31.10 at 10:25 pm

I vote #235 TheBigLebowski
99% of the people are not in gold and silver, so why is he.
He reads and are interested in bizard stuff like Commission on foreign relation (CFR)- The Bilderberg group, etc. Why care!
No love for the master bankers. He sold is house, so is a renter. He is aware of to mutch. He must be a kind of ..nerds! lol
Happy new year!

#250 bullion.bunny on 12.31.10 at 10:30 pm

Gold Trading Closes: Returning 29.7% For the Year, Doubles S&P 2010 Performance

http://www.dailymotion.com/video/x2q6fv_beyonce-hey-goldmember_music

http://www.zerohedge.com/article/gold-trading-closes-returning-297-year-doubles-sp-ytd-performance

#251 bullion.bunny on 12.31.10 at 10:35 pm

and I almost forgot this one……

http://www.youtube.com/watch?v=sr0gNJ090JA

#252 Two-thirds on 12.31.10 at 10:47 pm

Devil’s advocate – hope you win

Happy new year to all

#253 sue on 12.31.10 at 10:52 pm

OK, Greg from Oakville may post a lot but he is dead on about flouride. We should all be rioting about flouridation, MSG, aspartame…but I digress.

#254 Aussie Roy on 12.31.10 at 11:29 pm

Aussie forum.

We want Garth to “Do an Oprah”!

So easy to understand. Garth runs a very popular blog up in Canada, our Northern Hemisphere bubble-twin. How about the man himself as guest blogger on Delusional Economics with his take on Australia?

What do you other bubblers think?

And Happy New Year folks. 2010 was the year of the Spruik, 2011, the year of the pop.

http://www.bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&comments_parentId=13897

#255 X-cess on 12.31.10 at 11:52 pm

To.. Mr. Garth Turner

A big Thank You for keeping this site going.
For allowing democracy the right to freedom of speech.
For all the countless hours you spend… searching for ideas and ways to inform and teach the public.

And a thank you for all the daily bloggers who send info our way..saves us all countless hours of searching and keeps us all fairly informed to what is going on out there.
Some of it is truth..some fiction..some of it opion..however
it all adds to some knowledge and sometimes entertainment into my life and the life others.

HAPPY NEW YEAR to all !

#256 ExExpat on 01.01.11 at 12:04 am

My vote is for BestPlaceonEarth. That guy is the Baghdad Bob of posters.

#257 Timing is Everything on 01.01.11 at 12:16 am

1. D.A. aka – Willy Loman
2. realpaul aka – loud-mouthed shnook
3. The grammER police.

#258 dark sad person on 01.01.11 at 12:32 am

#248 bullion.bunny on 12.31.10 at 10:17 pm

#244 S.B. on 12.31.10 at 9:46 pm

Take a pill.

*********************

BB-one of the sharpest cats that pollute G’s pathetic blog-

“Take a pill”

Great advice as we all sit here groveling and nitpicking about each others flaws-hangups-bad manners and other trivial matter-

Meanwhile the bailed out Bankers and corrupted/duped Politicians have looted our Treasury to reward the Pigmen and charged the replenishing of it-to our future Generations-
Your Children and Grandchildren-

Where are the brave voices of decent in this atrocity?

Why the blindness and silence to the big picture?

A few people here-actually do-go for the throat-

Whatever differences we have with each other-they’re the ones i want in my foxhole in 2011-
Manners and Etiquette be damned-

#259 Nostradamus Le Mad Vlad on 01.01.11 at 12:50 am

-
#229 kc, #230 jess, #232 VICTORIA TEA PARTY, #241 Dan in Victoria along with many others — Good to see you two are still around — HNY!
*
New Years fireworks displays.

Sarah Palin — Oh dear! “But obviously, we’ve got to stand with our North Korean allies — we’re bound to by treaty…”

Interviewer: “South Korean.”

Palin: “Yes, and we’re also bound by prudence to stand with our South Korean allies, yes.” Don’t laugh, it’s true.

Gittin’ Colder and Gittin’ Warmer. Choose yer poison wisely!

G? “A case of frostbite and near death later and maybe he is not so certain Al Gore knew what he was talking about.” wrh.com. G? (2) Whoops; sumtin’ ain’t right! Food and fuel shortages because of . . . ice age.

IMF – Pic. #3 and a few others say it nicely, but all 25 are good! Plus — Bolivia as well.

TSA – Not very productive.

Bonuses “How a Handful of Merrill Lynch Bankers Blew Up Their Own Firm.” Plus — 3:33 clip “2011 will be a year of massive pain and restructuring for big banks.”

FDIC “One cannot begin to speak about the alleged “economic recovery” with a straight face, looking at numbers like these.” wrh.com.

2011 Could be better.

Orwell’s Graveyard “Great for this judge! However, this ruling will definitely be reviewed by the Supreme Court, and I wouldn’t bet against the reinstituion of warrantless GPS tracking as a result of that decision, given its current constitution.” wrh.com.
Further deflation (on the surface, but what’s underneath?)

Living Standards Haircut time for UK.
Monsanto “The USDA co-owns the terminator seed patent with Monsanto. Who do you think USDA is protecting? You…..or bio-pirates?”
3:51 clip Think the riots were bad in 2010? Wait ’til next year!
US Vets What war can lead to.
Lotsa Shakes and ”Quakes Hey, Earth’s partying!
Shadow Banking done offshore.

UK Icebergs near Cumbria. Not really ‘bergs, bit they shouldn’t even be there.

Obama There are now so many laws in the US that ordinary citizens are guilty until proven innocent. Obama Two.

Summary US$13 trillion held by one per cent of the elite. Isn’t basic debt roughly the same amount? How convenient!

#260 Don on 01.01.11 at 1:13 am

Couldn’t resist tied for number one are: Drum roll please!

Nosty Jr, BESTPLACEONEARTH, he he! and Mr. Bliss himself…Devil’s Advocate.

Garth I can see merit in your choices, but these guys are the cream of the crop.

#261 Jeannie on 01.01.11 at 3:31 am

I don’t find any of you annoying, with one exception…
that would be the compulsive poster who insists on
correcting minor gramatical mistakes.
It’s one thing to correct school-aged children, but shows boorish manners in correcting the grammar of an adult.
Wishing all of you a Happy,healthy,prosperous New year.

#262 Accentuate the Positive on 01.01.11 at 3:34 am

Instead of giving more attention to the doofuses, I want to thank the people who I enjoy reading, esp Moneta, but also including Dan in Victoria and Big Lebowski.

I find it easy to skim over the goofballs b/c they consistently fail to illuminate or add anything of value.
My life isn’t improved by reading rage-a-holics who blame realtors for how their lives turned out, or people who blame immigrants for their woes, or feel the need to brag about their wife’s looks on a real estate blog.

#263 Patz on 01.01.11 at 4:02 am

I don’t know what the new year will bring, at least not for about 15 minutes, then I will.

HNY everybody!

2011 so far from 1984 and yet, yet… so close!

For greatest fool I nominate all of us for being so subservient under the boots of the military, industrial, media, parliamentary, real–estate complex.

Big thanks to Garth even though his enterprise (including all of us) is somewhat Canutish.

#264 Marty on 01.01.11 at 4:05 am

You love Gold or you love central bankers. Either way, one of them has your back. Problem is, one of those two backstabs. Time for the lunatics to figure it out.

#265 kc on 01.01.11 at 4:16 am

241 Dan in Victoria

“To the scores of people who come here and remain unknown, I hope that the ones that need to learn, learn from us.
To the others who don’t post, yet mock and belittle, else where think about some one besides your self for a change, you can do it.”

Nicely said. happy new year!!!! west coast style

#266 Tony on 01.01.11 at 5:29 am

My vote is for Nostradamus Le Mad Vlad who still thinks Canadian interest rates are headed higher. Of course soon he’ll be talking about lower rates as they start to fall not rise.

#267 Drew on 01.01.11 at 6:12 am

#235 Sgt Bilko on 12.31.10 at 8:43 pm

My vote for greatest fool is reserved for the propagandists in our governments and Canadian MSM that help keep the housing charade going. Shame on them as they should know better.

—–

They do. Now ask if they care……

#268 kc on 01.01.11 at 6:12 am

I have posted this same article a few times before in here, and being 6 years behind, this year it still rings so very true today as it did when first published in the NY times… (this is my version of “it’s a wonderful life” re-runs) cheers

Take It From Japan: Bubbles Hurt

http://www.nytimes.com/2005/12/25/business/yourmoney/25japan.html?_r=1&pagewanted=all

#269 betamax on 01.01.11 at 7:03 am

Biggest loser award goes to DA for being so insecure as to even mention his wife’s looks in an RE forum. Whether she’s a 50-something babe or not, who cares? If I bragged about my wife’s looks here she wouldn’t be flattered, she’d be appalled.

DA – it’s a big world out there, and just because you got shiny new bicycle doesn’t mean no one else has one. The school-yard posturing says far more about you than you know, and none of it good.

#270 T.O. Bubble Boy on 01.01.11 at 9:51 am

Phew – good to know that Calgary is immune from any market downturn, because there is:

‘No room’ for major price decreases

Funny – there was plenty of room in 2008 when the Alberta housing market tanked.

#271 Ret on 01.01.11 at 10:41 am

#243 link is a must read for all blog dogs. Thanks Gord and a HNY to ya.

#272 bullion.bunny on 01.01.11 at 11:18 am

Best Posters on this blog who “Get It”

1….Dark Sad Person.
2….Cookie Monster.
3…..Anyone else that follows the Austrian School.

Darwin awards go to.

1…..Nosty Jr
2….. BEST PLACE ON EARTH

Coolest Name on this blog……

“Dark Sad Monster Bunny”

Most “FUN” person on this blog

Aussie Roy

Yes, Australian chicks are hot, in fact they are so hot they can ignite concrete . After a few drinks you don’t hear anything anyway. That said, I knew many Australian girls during my time in B.C. around the mid 1990′s. They were all very polite and well mannered. You could take anyone of them home to mom and not be worried.

#273 GregW, Oakville on 01.01.11 at 11:44 am

Good Morning and happy new years
#227 Timing is Everything,
Thanks for the link/laugh this morning.

re: your, ‘Triple dog dare’ is the highest. Double dog dare ain’t gonna do it, bud. Say it like ya mean it…

I kept it to only a double, I didn’t want to hurt anyone
by forcing them to look, or might I say drink or think. ;)

And as a ‘damn’ poster, If the post are the “I’m as mad a hell and not going to take it anymore” type, they get
‘incinerated’.

There was a move with that line ” I’m as mad as hell and not going to take it anymore.” but I can remember what it’s called right now? I think it was made in the 1960-1970′s, the caractor might have been a TV show host/new caster, maybe?

#274 Chris on 01.01.11 at 11:56 am

I vote Garth for “Greatest Fool.”

He should have been Prime Minister!

#275 David B on 01.01.11 at 12:22 pm

The more things change the more they remain the same…. News Headlines, death and distruction all wrapped in governments fighting amongst themselves for power and control. ….

Happy New Year

#276 GregW, Oakville on 01.01.11 at 12:40 pm

#260 Nostradamus, Thanks for the links.

#277 Jack on 01.01.11 at 12:56 pm

I vote for Nostradamus Le Mad Vlad – crazy links!

#278 Jeannie on 01.01.11 at 12:56 pm

#274,Greg Oakville.
The movie was ‘NETWORK’ with Peter Finch (Deceased)
William Holden (Deceased) and Fay Dunaway.

#279 Nostradamus jr. on 01.01.11 at 12:57 pm

7th Billion Human Arrives this Year…

…Time for all of you unhappy Canadian Renters to relocate to Asia, into a 400 sq ft three bedroom condo.

and thank you bullion bunny…for “I dont get it”.
…Soon enough, your Asian friends will be offering to sell me their Gold for food and for pennies on the dollar.

http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/01/7th-billion-human-arrives-in-2011.html

Nostradamus jr.

#280 Dark Sad Monster Bunny on 01.01.11 at 1:08 pm

274 Greg – geez now I’m I’m answering your spmewhat off topic questions.

The movie was “Network”

http://en.wikipedia.org/wiki/Network_(film)

#281 GregW, Oakville on 01.01.11 at 1:22 pm

Hi #275 Chris, One can only imagine. He’s not death yet. But reality sometimes bits. If he was, it would be different, yes. By how much and by what measure?
Did he want to be PM? He strived for MP, which he did make it to more than once!!! We should be thankful he’s still making a difference, in his own way.

#282 cellar dweller on 01.01.11 at 1:28 pm

@#275
Sorry Chris, The Greatest Fool IS the Prime Minister.

#283 Aussie Roy on 01.01.11 at 1:30 pm

bullion.bunny on 01.01.11 at 11:18 am

Us Aussie blokes aren’t too bad either but like everywhere there is good and bad.

This current voodoo we call economics couldnt see the economy was about to do a U turn.

Many Austrians and Steve Keen could see it, about as well as this.

http://www.youtube.com/watch?v=hkh2AVh30e4

#284 cellar dweller on 01.01.11 at 1:32 pm

@#274 The Movie was “Network” starred Faye Dunaway, William Holden and ??????
Help me out here folks….. The name of the insane telecaster that was “Mad as Hell” was ??????

#285 Devil's Advocate on 01.01.11 at 1:36 pm

#270 betamax on 01.01.11 at 7:03 amBiggest loser award goes to DA for being so insecure as to even mention his wife’s looks in an RE forum. Whether she’s a 50-something babe or not, who cares? If I bragged about my wife’s looks here she wouldn’t be flattered, she’d be appalled.

DA – it’s a big world out there, and just because you got shiny new bicycle doesn’t mean no one else has one. The school-yard posturing says far more about you than you know, and none of it good.

You may be right Betamax. But the odds are against ya. Have you been to the mall lately, let alone Walmart? Sadly there are very, very few ” yes’ ” out there. Why is divorce so expensive? Because it’s worth it. Now that may sound a shallow statement… but if you are a guy you get it as it’s a guy thing you can not deny it. First gate for us is looks where as first gate for women is wallet. It’s true… we hunt they nest. Get over it – Men are from Mars women are from Venus.

But insecure? Thinking, thinking, thinking… aren’t we all to some degree? Come on Betamax admit it – yes we are. As matter of fact a good deal of success in the business community can be derived from understanding that very one fact – that others are just as insecure as you are. I bet even Garth gets a bout of stage fright here and there… in a room full of bun loaded REALTORS I am sure of it.

And yes Betamax, as we were leaving the New Years soiree last night I reminded myself once again just how lucky I am. Yes she is just that cute… and got a mind and personality to go with it. Am I bragging? You bet your ass I am! And no woman takes offence to that kind of public compliment.

#286 cellar dweller on 01.01.11 at 1:37 pm

@249 D.A.
Hilarious ! Snarfed coffee up me nose ya bastard.

#287 bullion.bunny on 01.01.11 at 1:37 pm

We must be close to a blow-off, everyone is on one side of the boat.

http://www.zerohedge.com/article/scotiamocatta-sells-out-silver-bars

#288 Timing is Everything on 01.01.11 at 1:56 pm

#274 GregW, Oakville – Just 4 U

http://www.youtube.com/watch?v=QMBZDwf9dok

#289 Devil's Advocate on 01.01.11 at 1:59 pm

#270 betamax on 01.01.11 at 7:03 amBiggest loser award goes to DA for being so insecure as to even mention his wife’s looks in an RE forum.

But you are right on that point Betamax and I promise/ I will cease doing so. It was a slippery slope which originated from a passing comment of her likeness to “The Survivalist” Dec 21, ’10 blog pic and grew into a defense of her as others challenged. That being said, defend her I will – always.

#290 Moneta on 01.01.11 at 2:02 pm

There was a move with that line ” I’m as mad as hell and not going to take it anymore.” but I can remember what it’s called right now? I think it was made in the 1960-1970′s, the caractor might have been a TV show host/new caster, maybe?
————-
http://www.youtube.com/watch?v=dib2-HBsF08

#291 Junius on 01.01.11 at 2:04 pm

#234 DA,

One of Adam Smith’s most important works was his “Theory of Moral Sentiments.” You cannot understand Adam Smith without reading this book in conjunction with “Wealth of Nations.”

Moral Sentiments deals with human nature as it relates to economics and ethics. Anyone who thinks that Smith was a “caveat emptor” free marketer needs to read this book to understand he knew full well that human behaviour needed to be taken into account in economics.

The weakness of the Austrian school is its lack of appreciation for the role human psychology plays in human economics. Recent advances in neuropsychology are demonstrating every day just how significant these “animal spirits” play in our behaviour.

The point is that Smith grasped this more than 200 years ago in Moral Sentiments. However the Austrians such as Mises and their theortical followers including Ayn Rand did not.

This is their weakness and why posters here who pump the Austrian school present an incomplete and outdated analysis.

#292 Devil's Advocate on 01.01.11 at 2:17 pm

And Back on the topic of REAL ESTATE

Preliminary Central Okanagan 2010 over 2009 Numbers

Single Family Residential Sales

2010

TOTAL Single Family Units SOLD = 1,949

Lowest Priced Sale = Listed at $114,900 and Sold for $104,500 after 1 day on the market

Highest Priced Sale = Listed at $10,700,000 and Sold for $10,000,000 after 902 days on the market

Averages = Average Listed at $551,160 and Average Sold for $525,829 after and average 83 days on the market

Sum = Listed Sum $1,074,211,437 Sold Sum $1,024,840,751

- – - – - – - – - – - -

2009

TOTAL Single Family Units SOLD = 2,152

Lowest Priced Sale = Listed at $67,500 and Sold for $62,000 after 1 day on the market

Highest Priced Sale = Listed at $5,900,000 and Sold for $4,810,000 after 600 days on the market

Averages = Average Listed at $513,617 and Average Sold for $487,960 after and average 90 days on the market

Sum = Listed Sum $1,105,304,252 Sold Sum $1,050,089,027

Not so bad as you have been led to believe are they?

So you pups and poodles do your own cypherin and figure out what you may… those are the raw “preliminary” unofficial, unspun numbers I extracted from the MLS this morning. For a more detailed breakdown of those numbers which are more pertinent to your specific location contact your REALTOR. If you do not have one email me at [email protected] and I will point you in the direction of one in your local who specializes in your area as I caution these numbers should not be played with at home without the guidance of a trained professional ;-)

#293 Devil's Advocate on 01.01.11 at 2:26 pm

I hear ya saying “Oh ya sure but what about the year before? What about 2008? Give us those numbers and we will show you something that blows away your REALTOR Spin.”

Well to that end there they are…

2009

TOTAL Single Family Units SOLD = 1,951

Lowest Priced Sale = Listed at $175,000 and Sold for $150,000 after 1 day on the market

Highest Priced Sale = Listed at $7,995,000 and Sold for $7,412,000 after 578 days on the market

Averages = Average Listed at $561,207 and Average Sold for $541,730 after and average 67 days on the market

Sum = Listed Sum $1,094,914,229 Sold Sum $1,056,915,567

Again… those numbers for this last year of 2010 are not so shabby as you might have been thinking eh? Not even against 2008.

Want more..? 2007? 2006? For a more detailed breakdown of those numbers which are more pertinent to your specific location contact your REALTOR. If you do not have one email me at [email protected] and I will point you in the direction of good one in your area who specializes in your neighbourhood.

#294 Devil's Advocate on 01.01.11 at 2:28 pm

Sorry that last post was for 2008 numbers NOT 2009.

#295 Patz on 01.01.11 at 2:30 pm

#292 Junius.

You can say that again! No, wait a minute, I got it the first time. Right on, bro!

#296 GregW, Oakville on 01.01.11 at 2:31 pm

Hi Garth, fyi 3 links article to think about.

(You might want to try some of these on everyone if you run again, or not.)

10 Modern Methods of Mind Control
http://www.infowars.com/10-modern-methods-of-mind-control/
“Only by waking up to their attempts to put us to sleep do we stand a chance of preserving our free will.”

(How did we get to this piont?)
More than 25 percent of children now on chronic prescription medications
http://www.infowars.com/more-than-25-percent-of-children-now-on-chronic-prescription-medications/
“Natural News | And according to the report, many of these drugs were originally intended for adults, and carry with them unknown side effects for long-term use in young people.”

(this link with 7 min video starts with some interesting info. 1st ~3 min, them Dr. Oz agrees with the guy and says it’s your choice. (Your choice for now anyway. Are you informed?). Glade I don’t need to travel/fly to the USA at this piont.)
WeAreChange Chicago member arrested for asking Dr. OZ vaccine questions
http://www.infowars.com/wearechange-chicago-member-arrested-for-asking-dr-oz-vaccine-questions/

#297 GregW, Oakville on 01.01.11 at 2:39 pm

Hi #291 Moneta, That was it. Thanks.

#298 Utopia on 01.01.11 at 2:41 pm

Yeah, thanks for that link T.O. Bubbleboy.

I read the article in the Calgary Herald and really had to kick myself when I came across the following line:

“The price of single-family homes will be balanced this year,” says Geoff Thompson, Calgary region president of Cardel Homes. “With builders selling houses at skinny net margins, there is no room to meet some analysts’ expectations of a major market price reduction.”

No room to meet expectations of a price reduction indeed. These people are living in a fantasy. We will have significant price reductions over the next year in some markets and it means that builders who gambled will lose their shirts or go bust. Price reductions are on the way, count on it.

How do I know with so much certainty?

Buying power. That is all you need to know at this point. As I have stated here on several occassions already we have already reached a saturation point in the home buying market.

There are very few new willing buyers available to sop up the supply on the market. Almost everyone in this country who wanted a home already has one. They are in debt to their eyeballs as a result.

There are indeed potential buyers on the sidelines but these will evaporate quicker than a geriatric who’s viagra prescription ran out before a long weekend. This market is headed to flaccid on no uncertain terms.

The big gamble to boost our economy by offering super cheap interest rates on easy terms has already paid out. We won for awhile alright but the bell has rung on Canadian Real Estate and now the game is over. Now we are just gambling and everyone knows how that hand usually plays out. It is always a losers game in the end.

So here we are, at the peak of the market. Everyone with a pulse who was even mildly interested is invested already. The few capable buyers who stand apart are having serious doubts (for good reason too).

Many are deliberately keeping a distance. And then there are the others could not ever join the party anyway for a whole variety of reasons from ill health to age or because of the lack of sufficient consistent income to ever fully participate.

Do I really have to keep saying this? We have run out of buyers. There is no buying power on the horizon. We are a market of millions of seller’s with nowhere to go and the party is winding down. Has everyone forgotten what some of this countries top economists warned about just this past year? They cautioned that demand was being”brought forward”. And so it was. Those guys were not kidding about the risks inherant in the policy and so the chickens have now come home to roost.

Gee, does anyone else think that this might weigh on employment numbers for 2011 as home listings overwhelm buyer interest. Or perhaps that there are looming impacts for the retail trade, restaurants, services of all kinds and the home construction industry in this country?

Do I need to tell you that unemployment is going to rise in 2011 because of all these factors and that the fools who keep telling us that markets will be balanced are literally unbalanced themselves. They know not of what they speak and have absolutely no perspective on how markets function nor what causes declines.

I feel rabid today! I might just eat the next realtor who shows up this site and says there will be a balanced market in this country in 2011. The Greatest Fools of all are those who fall victim to their ignorance of market dynamics and who fail to see the consequences of their poor actions while continuing to pump sunshine up our butts. The picture with today’s article is perfect. The dog of course is emblematic of realtors everywhere and on this last day of the year,….we are the cat.

Happy New Year (HNY as I learned yesterday)

#299 Devil's Advocate on 01.01.11 at 2:42 pm

#292 Junius on 01.01.11 at 2:04 pm

Junius, I don’t disagree but my post at #234 was intended more simply as a suggestion that as Keynes had his day of influence and I suspect now that we are heading into a time where Friedman will have his. Friedman tends to be more an invisible hand free market guy than Keynes as I recall.

I do not disagree with you though and just as the economy has its ups and downs along the way the trajectory over the long haul has and will continue to be an ascending one. So to will our socio/economic/political growth be as each new ideological fad takes over for that preceding it, discarding the worst and keeping the best of that preceding.

As long as world population continues to grow those long term trend lines must head in but one direction – upward. Should the population ever substantially decrease, as I fully expect it must and will some time, then all bets are off and who knows? Maybe then NOTHING will matter… or maybe THAT will be a true learning experience when we will all learn our greatest lessons. Until then this is just fun and games.

#300 bullion.bunny on 01.01.11 at 2:53 pm

#292 Junius on 01.01.11 at 2:04 pm

The weakness of the Austrian school is its lack of appreciation for the role human psychology plays in human economics.

WRONG, WRONG, WRONG,WRONG…..BLOODY WRONG

Human action by Ludwig Von Mises.

Here is the forward to the book…..

Mises’ contribution was very simple, yet at the same time extremely profound. He pointed out that the whole economy is the result of what individuals do. Individuals act, choose, cooperate, compete, and trade
with one another. In this way Mises explained how complex market phenomena develop. Mises did not simply describe economic phenomena
— prices, wages, interest rates, money, monopoly and even the trade
cycle — he explained them as the outcomes of countless conscious, purposive actions, choices, and preferences of individuals, each of whom was trying as best as he or she could under the circumstances to attain
various wants and ends and to avoid undesired consequences. Hence the title Mises chose for his economic treatise, Human Action. Thus also, in
Mises’ view, Adam Smith’s “invisible hand” was explainable on the basis of logic and utilitarian principles as the outcome of the countless actions of individuals.
Sprinkled throughout Mises’ scholarly and erudite explanations of market

The Austrian School uses human psychology and actions for the basis of its theories. You are talking out of your ass again.

#301 GregW, Oakville on 01.01.11 at 2:53 pm

Hi #289 Timing is Everything.
and #285 cellar dweller.
and #281 Dark Sad Monster Bunny. (Did you ever watch the 28min video info link on fluoride?
at http://www.fluoridealert.org/ )
And #279 Jeannie

Thanks all (I was scrolling up and didn’t see your post right away)

#302 bullion.bunny on 01.01.11 at 2:54 pm

#292 Junius on 01.01.11 at 2:04 pm

Better yet here is a link to the book, read it first then comment.

http://mises.org/books/humanaction.pdf

#303 Devil's Advocate on 01.01.11 at 3:03 pm

#292 Junius

You can not deny that the days of Keynesian ideological fiscal stimulus are, must, coming to a rapid end. You just can not continue spending money you do not have. Countries are just bigger versions of provinces, territories, cities, families they are not exempt from those commonly accepted accounting practices and the consequences of disobeying them. Eventually it catches up with them.

The caveat of course is an “end of times” day of reckoning. Through the ages such has happened before and bound I think to happen again. It need not be an Armageddon thing so much as a SIGNIFICANT shift.

But like I said, until then, it is all just fun and games.

#304 Devil's Advocate on 01.01.11 at 3:11 pm

bullion.bunny and Junius

Economics is a social science… you are both right – meet in the middle.

But if you go back to my post

#237 Devil’s Advocate on 12.31.10 at 9:00 pm

Fundamentally it is as simple as this;

Take the richest man this world has to offer and him alone but for one other, the poorest of men this world has to offer, are henceforth the sole occupants of this planet. They suddenly become most equal as the richest mans wealth buys him nothing more than the poorest man can so too achieve through his efforts. Introduce a third man and the dynamic changes little.
But introduce just one woman and holly crap does that dynamic change in a hurry.

It’s just as simple as that.

There you have the truest essence of economics.

#305 Patz on 01.01.11 at 3:12 pm

There is a concept, ‘the hyperbolic discount function,’ which explains a lot about how we react to issues and threats to our well being. It is a way of understanding why people don’t respond to real estate bubbles, peak oil, or anything else which is a threat over the horizon.

The brain has evolved to handle immediate threat/rewards with the limbic system. The longer term thinking is done in the neo–cortex. What this means is that we respond to something, like a pit bull menacing us, immediately and urgently. For other, equally dangerous threats, for example not replacing balding tires on your car, we’re more leisurely in our response. I.e. we discount the threat because it appears less immediate and doesn’t call forth our limbic response. This may help explain why terrorism is so useful to governments because they make the threat seem so immediate.

So while RE appears to be within its ‘normal’ bounds the mass of people don’t respond to obvious signs of trouble—same deal for PO. But when a tipping point is reached the response will be much quicker because the threat has moved from the neo—cortex to the limbic system. You can tell the difference by whether you get a shot of adrenalin or not from the threat. :)

So pat yourself on the back as people on this blog are giving more weight to the farther reaching thinking, threat–assessment system in their brains.

For more on this see: http://www.paulchefurka.ca/Hyperbolic%20Discount%20Functions.html

#306 Devil's Advocate on 01.01.11 at 3:14 pm

Who’s got the power?

Women, women got the power!

Lik I said “just fun and games.”

#307 GregW, Oakville on 01.01.11 at 3:17 pm

Hi Garth, atricle Still flying?
Will PM H Corporate trade deal bring this to Canada very soon? For your safety of course, not!

TSA Wants To Expand Groping Of Vaginas
http://www.infowars.com/tsa-wants-to-expand-groping-of-vaginas/
“London Guardian | Flying now includes the legal obligation to submit to having my genitalia groped by some TSA thug wearing the same latex gloves already shoved down nine dozen other strangers’ underwear.”

#308 Utopia on 01.01.11 at 3:25 pm

#273 Bullion Bunny wrote:

“Yes, Australian chicks are hot, in fact they are so hot they can ignite concrete . After a few drinks you don’t hear anything anyway. That said, I knew many Australian girls during my time in B.C. around the mid 1990′s. They were all very polite and well mannered. You could take anyone of them home to mom and not be worried”

———————————————————

Right. But did you marry one? I rest my case.

#309 Aussie Roy on 01.01.11 at 3:26 pm

No bubble here, it’s time to “Climb the ladder to your dreams”.

http://www.heraldsun.com.au/ipad-application/climb-the-ladder-to-your-dreams/story-fn6bn9st-1225980011917

#310 Devil's Advocate on 01.01.11 at 3:34 pm

”I feel rabid today! I might just eat the next realtor who shows up this site and says there will be a balanced market in this country in 2011. #299 Utopia

Let me offer myself as a sacrificial offering to you then.

“There will be a balanced market in this country in 2011” – D.A.

Has to be and will be. The market is ALWAYS balanced or seeking balance. And when it is “seeking” balance it is doing so because some Keynesian bonehead is trying to send it into an unbalanced state. But as soon as that starts to happen it begins to balance itself by counteracting those efforts. Squeeze a balloon here and all it does is bulge out over there. The economy grows in step with the population (world – it’s a world economy always) which is growing, not more, not less.

What most on these forums are concerned about is the distribution of the economy – their own state in the economy. Problem is we’ve grown fat, complacent and lazy. We expect everything to be given to us. Well there are those out there who know you have to get off your ass and get it and THAT is what is causing the redistribution of wealth not some sinister conspiracy.

The conspiracy is nothing more than the coming to realize the shortcomings of Keynesian economics as we head into an appreciation and understanding of the ever present laissez-faire economic fundamentals.

#311 Daystar on 01.01.11 at 3:36 pm

Thanks Dan. Have a good one, buddy and to all (with special gratitudes to our host Garth) an awesome New year!!

Several themes are rattling around in this brain for the new year.

- Can the monetary system be replaced with a superior one based on a numerological system that eliminates fear/greed and self gain at the expense of others? Can it be numerological, based on costs of human effort/time, environmental decline, supply/demand and be variable to human populations? Could a new universal system come into effect to essentially end all wars, poverty, egos run amuck etc.? Humanity must at some point think about what systems in the universe would be far superior to the ones we have now in terms of maximizing human (life) potential and accessing human liberties and freedoms that don’t lead to the effects of greed… the most obvious of which is hoarding, breeds pride, false entitlement, oppression and war.

- Where will the Canadian market index charts go (in the meantime)? Indulge me (using that word alot these days, no, not “me”, but rather “indulge”)

It is hard to imagine copper, gold and oil not holding similar or higher values in 2011, BUT! The markets are “forward thinking” after all. “What? There’s going to be a war? Hit ‘em first!” Will 2011 pose a broad based selloff similar to 2002, 9/11 and 2008 regardless of some commodity strengths? Equity valuations have soared and are now prone to the four horsemen, so to speak. U.S. municiple bond defaults, European debt woes, potential Asian slowdowns caused by overdevelopment and debt bubbles of their own… why… rumors are enough to cause the markets to speculate negatively now. Risk, if some haven’t quite understood what I’m talking about, is elevated. A 2011 market selloff mirroring the selloff of 2002 is quite possible and I’m preparing for it regardless of these charts:

http://tmx.quotemedia.com/quote.php?qm_page=8075&qm_symbol=^JX&locale=EN

Indulge me (there’s that word again) with the 10 year chart and ask yourselves… has the economy recovered so much so that we will find ourselves justifying a Ventures at 3000 or a TSX at 15500? Europe is tanking, The U.S. empire is in major decline and asia is fast approaching its own debt/development limits so ask yourselves… while copper/gold/oil can remain strong (and why not? its priced in falling U.S. dollars), is a 2002 mirrored broad based market selloff still possible? Yes. Of course. At least, thats what I see and I don’t have to visit tea leaf readers to see it coming.

A third theme that leaps out at me for the year is why Canadians cannot see a hidden agenda within the present leadership of our government to dramatically weaken Canada’s sovereignty directly through a weaker currency, the very least of which will ensure cheap oil for Amerika. Do I have to remind americans how easily duped we are? The U.S. sunk one of its own warships killing all of its crewmen as a false flag op to enter into a Vietnam war.

http://beyondthecurtain.wordpress.com/2010/07/15/de-classified-vietnam-era-transcripts-show-senators-knew-gulf-of-tonkin-was-a-staged-false-flag-event/

They did the same thing with the Iraqi war (Iraq has weapons of mass destruction! A total lie). Is there any wonder as to why we doubt the twin tower story we’ve been told (never mind the evidence that points against it)? Why are Canadians, rapped up in their pompous intellectual pride, too dumb to see the end game to massive credit expansions that have been engineered to enslave the masses with debt wasted on assets bought at or near the peak of their values? I cannot predict with certainty when this housing bubble deflates, but it is easy to see what will deflate it. Rising interest rates. Rising interest rates that are sure to come from unsustainable rising public debt/deficits, trade deficits that are mounting and measurable, combined with household debt that our chartered banks are now scrambling to refinance with home equity loans through CMHC (once again, to eliminate the risk).

Canadians must understand the inherent risks to our currency, risks to our sovereignty as a nation from a currency crisis (as near as 2013, 2014), who would profit and gain from it and why. Canadians have to at some point question the motives of their leaders. I, myself, am beyond questioning, a theme that will be revisited by myself as personal time allows. I’ll try to shed light on the end game, the motives, the difference between right and wrong if need be, but everyone has a choice to make… including ourselves which brings me to one last final theme for this year, as time allows. The theme of corruption, how systems, even the most seriously flawed can still function with honest people running them and how systems, even the most superior in terms of access and developing human potential can be the most ruinous with corrupt leaders/followers running them.

Yep! Its just gonna be one of those years and Garth, a special prediction. This year will be one of the most rewarding years you’ll ever have, perhaps the year that tops them all not measured so much so by personal gain, but by the influences of the masses toward the greater good, a prize which is highly coveted by those who believe in karma and without a doubt in my mind… priceless.

#312 betamax on 01.01.11 at 3:55 pm

#286 Devil’s Advocate: “And no woman takes offence to that kind of public compliment.”

My wife would not want me to discuss her looks in an online forum with strangers, no matter how favorably.

Congrats on a 30-yr marriage, which is an achievement itself these days.

#313 GregW, Oakville on 01.01.11 at 3:59 pm

2011: A Brave New Dystopia
article
http://www.globalresearch.ca/index.php?context=va&aid=22581

“, whose denizens are prone to fantasies because the vast majority have imagination but little scientific knowledge.”

Our manufacturing base has been dismantled. Speculators and swindlers have looted the U.S. Treasury and stolen billions from small shareholders who had set aside money for retirement or college. Civil liberties, including habeas corpus and protection from warrantless wiretapping, have been taken away. Basic services, including public education and health care, have been handed over to the corporations to exploit for profit. The few who raise voices of dissent, who refuse to engage in the corporate happy talk, are derided by the corporate establishment as freaks.

Attitudes and temperament have been cleverly engineered by the corporate state, as with Huxley’s pliant characters in “Brave New World.” The book’s protagonist, Bernard Marx, turns in frustration to his girlfriend Lenina:

“Don’t you wish you were free, Lenina?” he asks.

“I don’t know that you mean. I am free, free to have the most wonderful time. Everybody’s happy nowadays.”

He laughed, “Yes, ‘Everybody’s happy nowadays.’ We have been giving the children that at five. But wouldn’t you like to be free to be happy in some other way, Lenina? In your own way, for example; not in everybody else’s way.”

“I don’t know what you mean,” she repeated.

The façade is crumbling. And as more and more people realize that they have been used and robbed, we will move swiftly from Huxley’s “Brave New World” to Orwell’s “1984.” The public, at some point, will have to face some very unpleasant truths. The good-paying jobs are not coming back. The largest deficits in human history mean that we are trapped in a debt peonage system that will be used by the corporate state to eradicate the last vestiges of social protection for citizens, including Social Security. The state has devolved from a capitalist democracy to neo-feudalism. And when these truths become apparent, anger will replace the corporate-imposed cheerful conformity. The bleakness of our post-industrial pockets, where some 40 million Americans live in a state of poverty and tens of millions in a category called “near poverty,”

#314 Devil's Advocate on 01.01.11 at 4:06 pm

Now to give you an item of value after all that socio/economic/politic bing bong

Here are the 2007 stats;

2007 Central Okanagan Statistics

Total Single Family Residential Units Sold 3222

Minimum Sale Value $5,000 List Price SOLD for $4,500 after 1 day

Maximum Sale Value $6,295,000 List Price SOLD for $5,600,000 after 692 days

Avg Sale Value $522,938 List Price SOLD for average $508,641 after and average 60 days

Total Dollar Volume Listed $1,684,906,814 and SOLD for $1,638,842,782

So you can see that the very peak of the market was 2007 subsequent to which in 2008 we experience the peak in prices (average SFD $541,730). Prices then dropped in 2009 after the financial crisis (day of awakening) ($487,960 average SFD) and have since over the course of 2010 increased again ($525,829 average SFD).

I hardly think that is such terrible performance. Again, as I have always said it matters to me not if prices go up or down what matters to me is stable predictability and based on the last four years I don’t see such terribly unstable or unpredictable performance.

Yes we came off some highs. Again what did you expect? That we would continue to sell have again as many properties as normal for ever such that it became normal? Not likely.

So we have had four years since those volume highs of 2007 and price highs of 2008 and our prices have not capitulated so much as expected – well not so much as the bears expected anyway. You’d surely have thought it would have done more than that wouldn’t you? That it hasn’t doesn’t suggest to you that it might not?

It won’t… I agree it’s not going to do what it did… Thank God! But it isn’t going to tank either. This year I expect to be flat. I expect it will start out looking like it’s going to crank again but that will be short lived. Will it tank after that? No… not like it did from the Fall of 2007 to the Spring of 2009. And if it did who cares? You all seem to think THAT was nothing and it was nothing.

So just one mans opinion… you figure and do what you want to do… But my bet is there are a whole lot of people who are going to keep on keepin on… not like they did in 2007 mind you but I think you will agree with me that is a good thing.

#315 Gord In Vancouver on 01.01.11 at 5:41 pm

#272 Ret

Thanks – hope you have a great 2011 too.

#316 Cookie Monster on 01.01.11 at 5:45 pm

Did anyone else here over contribute to their TFSA?

My contribution total for two years past is $10,057 (2009 and 2010) and CRA is now charging me a 1% penalty, $105.70, based on my total contribution, not just the excess portion! Unbelievable! Anyone else get this?

#317 Cookie Monster on 01.01.11 at 6:04 pm

#292 Junius on 01.01.11 at 2:04 pm
———-
Junius, you’re completely wrong! Go peddle your lies and ignorance at church where they belong.

#318 Utopia on 01.01.11 at 9:44 pm

#292 Junius.

Good post. I am a fan of Smith too.