Dr. G

Do I look like a shrink? Apparently. Let’s dig in. Send in the first patient please, Miss Bunny.

Okay Garth, first the salacious details.  I’m 46 and she’s 33, I’ve been married, she never has.  She has bucks, and I have debt left over from divorcing .  She knows I’m an avid reader of your blog for at least the last couple of years, but she’s got that nesting urge.

Here’s the question.  We will be living in Quebec City, and I somehow doubt I will see you motoring into this neck of the woods for a financial seminar.  Quebec…it IS different here Garth, everyone speaks French, EVERYONE!!!  But what about a house or a condo?

The current digs cost me about $650 p/mth plus lights, not bad for a 3 bdrm apt or 5 and 1/2 as they call it here.  Hot sexy wife to be has enough saved for a substantial down payment and condos for sale in my neck of the woods (north end) are like dandelions.

I’m all about cost of occupancy, this place runs me about 700 all in.  There are newish 1 & 2 bdrm condos around with low monthly fees that are selling for about $125K,  We could carry a 50K mortgage with savings left over which…with taxes, maintenance fees and utilities probably come up around the same monthly carrying cost.

RE is already getting hammered here.  I know a couple who transferred out and sold their very tony townhouse style condo for $183K after listing at around $209K.  Another guy living closer to downtown has dropped his price twice but is getting no action.

Can the market here correct even further?  I know Van and parts of Toronto will be ground zero.  Oh, and I’m on a lease so there’s no rush…the earliest date to vacate would be summer of 2013, and by that time we’ll know if the separatists formed the government or not. Is there room for significant further price depreciation or has the fat lady started singing? I’ve looked around but haven’t seen my ex at a microphone. Gordie

‘Hot sexy’ wife and ‘fat lady’ ex? The least you can do, Gordo, is cough up some pictures, just so we know you’re not a fantasizing 70-year-old transsexual from Chicoutimi (this is apparently more of a problem than is widely know). As far as Quebec real estate goes, the biggest threat right now is the September 4th election, in which it appears my old buddy (that I would not trust with my hot, salacious wife) Jean Charest is about to lose. His support is being nibbled away by the upstart CAQ, which means the separatist Parti Quebecois has a good chance of forming government. Yes, cue the referendum talk, a big exodus of investment bucks, and downward pressure on housing.

This comes at a miserable time, with the national market correcting on the back of Ottawa’s new anti-real estate measures. Having said that, $125,000 for a condo with a younger babe in it, who also has substantial savings, is more than most men could resist. Make her happy, Gordie. Remember the pix.

My husband and I have been 1/4 owners in his family cottage. His father left equal shares to all four children. We have had no interest in it for many years. Last year we approached all of them and offered to sell our share. All of the others want to keep it but nobody wants to buy us out. Same thing this year.

Next week we’re going  our lawyer to have a letter written to all the siblings. We would like a  modest $35,000 for our share based only on the current tax assessment. Our lawyer has advised us to offer them a carrot to entice them to buy us out. Problem is we do not know what carrot would work. Any advice?

I have been reading your blog for the last four years since we retired. I enjoy it very much even though some nights it scares me. Thanks, Jane.

Scares the hell out of me most nights, too, Jane. This pathetic blog is completely out of control, kinda like a Pussy Riot concert, amortized. But you give us a great example of one of my real estate rules in action: Never invest in a property with somebody you have not slept with. (Not a problem with Gordie.) Sharing a deed with family members almost always leads to conflict, emotional distress, disappointment and revelation. Was your father-in-law a comedian?

Without knowing the others, it’s tough to suggest a solution. But if you own a quarter of the place, then start insisting on using it for three months of the year, preferably June, July and August. If you have no interest in doing so, then rent it out to bikers for that period of time both for income and to irritate the siblings. They might have a change of heart somewhat sooner.

Hey Garth: The rental market in Vancouver/Lower Mainland is tricky and one does not get value until you have at least 1600/month to spare. If you make enough, any rental home is your oyster . My dog is going to cost me a fortune in higher rent because too few landlords accept pets. I am convinced this is one of the bigger reasons people pull the trigger on buying in Vancouver.  The 400k dog !! Is there a pet lawyer I can hire for discrimination ?!! It’s time to fight for equality and the right to a decent home for yellow labs!!

See you Monday night.

Is the dog coming? I certainly hope so. I need at least one loving and faithful set of eyes staring back at me, since I hear the BC Real Estate Association and the Vancouver Gold-Humpers Society are coming to heckle. Yeah, pets are a rental issue in the province, since they have zero rights, unless a guide animal.

There is nothing in the Residential Tenancy Act allowing pets and the legislation actually gives landlords the right to refuse them or extort a big deposit from you just for living with one (don’t expect to see it back when you move out). And if you get Fido during the term of your lease, the jerk who owns the building can throw you out and abrogate the agreement without consequence.

Is it worth spending an obscene amount of money in a volatile time buying a property at some ridiculous, inflated value from a greedy slimebag owner who got it for one-fifth the price ten years ago, just so you can live in peace with your dog?

Yes.

219 comments ↓

#1 TurnerNation on 08.17.12 at 9:11 pm

Great pic.

#2 george on 08.17.12 at 9:12 pm

I had to smile when I read yesterday that German Chancellor Angela Merkel praised Canada for not living on borrowed money. It reminded me of a phrase I heard someone say on t.v. a year or two ago: “The world is living in a lend, extend, and pretend economy.

Check out the credit market summary data table on the Statistics Canada web site: The 6th line from the bottom is the “Total funds raised equals total funds supplied”. At the end of 2011 is was 4.82 trillion $. In 2008 this number went up by 457 billion $. In 2009 it went up by 200 billion $.
In 2010 it went up by 279 billion $. In 2011 it went up by 174 billion $.

This credit bubble financial/financial mania which the citizens and the governments of the so-called advanced economies of the world have created for themselves over the last 40 years and the big economic crash which eventually will occur is going to make for a great movie sometime in the future.

#3 T.O. Bubble Boy on 08.17.12 at 9:17 pm

1/4 of a cottage… that’s still more than most Canadians own on their home! Can you take out a 1/4-sized HELOC?

#4 T.O. Bubble Boy on 08.17.12 at 9:21 pm

Here’s some honesty in advertising:
http://www.blogto.com/city/2012/08/new_in_toronto_real_estate_fad_condos/

FAD condos — as noted in the article, that really should be the name for almost every new condo development in Toronto these days.

#5 TS on 08.17.12 at 9:27 pm

Little Information he forgot to mention. Gord is Garth’s little brother.

Garth is livid that his divorced indebted little brother is shacking up with some young hot french babe while he gets to spend his friday nights with us.

#6 Gordie Canuk on 08.17.12 at 9:28 pm

Thanks for answering Garth…I guess the winter months will be a good time to start looking. Should I be voting PQ so that prices will depress even further? Just kidding….maybe ;-)

#7 Country Girl on 08.17.12 at 9:28 pm

“…and I have debt left over from divorcing.”

Really, Gordie. Sounds like you need to take/share responsibility for your financial situation. I’ve never been married or divorced but it’s my understanding that assets are split at divorce, not just debt.

#8 Country Girl on 08.17.12 at 9:38 pm

Advice for Gordie’s hot sexy wife to be: Run baby, run.

#9 ANONYMOUS on 08.17.12 at 9:44 pm

46 yr old guy with a 33 yr girl ?

DREAM ON !

Not in this universe !

#10 Smoking Man on 08.17.12 at 9:50 pm

DELETED

#11 Slim Jim on 08.17.12 at 10:02 pm

Garth,

Do you have a schedule for your upcoming tour?
If so could you share details of other locations and dates.

One only next week. More next month. Flash gigs. — Garh

#12 McLovin on 08.17.12 at 10:08 pm

Garth congrats on the move to RJ.

Its a good little firm with a good rep.

#13 45north on 08.17.12 at 10:10 pm

As far as Quebec real estate goes, the biggest threat right now is the September 4th election, in which it appears my old buddy Jean Charest is about to lose.

The left wing media has decided the tides of history have moved on or at least should. Charest will be re-elected. Time was when les Québécois were renters and didn’t care but now they’re owners.

#14 AprilNewwest on 08.17.12 at 10:15 pm

#9 – A 33 yr old female is a woman not a “girl”.

#15 Paully on 08.17.12 at 10:21 pm

If Gordie was a 46 year old woman hooking up with a 33 year old man, she would be called a Cougar.

What should we call Gordie?

#16 aggie on 08.17.12 at 10:24 pm

Okay. I concede… this time, some great relationship advice… esp re the pup. Now I’m remembering why I bought this condo at that crazy price in ’07… my DOG! They bent the rules for us, and everywhere else we looked at the time, it was ‘NO dogs’ :))

#17 Babblemaster on 08.17.12 at 10:28 pm

“Is it worth spending an obscene amount of money in a volatile time buying a property at some ridiculous, inflated value from a greedy slimebag owner who got it for one-fifth the price ten years ago, just so you can live in peace with your dog?” – Garth

That is really over the top. In my opinion, the real slime bags are the folks who helped create and orchestrate this perfect storm of low interest rates and government backed mortgages resulting in this bubble of runaway real estate prices that’s all set to blow (I hope). And the RE cartels are the biggest SBs of them all. I know that I’m being judgmental, but so be it.

I wonder though, is there really any moral aspect to this bubble? If the bubble does indeed explode big time, then you just know that there will be innocent folks that will be hurt. Just as in the US. For example little children having to live in cars parked in church parking lots.

So, if this scenario comes to pass, who’s morally culpable? I say it’s primarily Flaherty and his gang. I hope he can sleep at night. Not.

#18 Saskatoon-Living on 08.17.12 at 10:32 pm

Hope the announcement of Vale postponig their $3 billion potash project will shed some light to all the Saskatchwanites that our economy is not immune. BHP will be next to announce they are postponing their Jansen potash project. Wonder then how SK people will justify the “”house prices are just catching up here”” theory??

#19 Mnbv on 08.17.12 at 10:33 pm

As a property manager: I can assure you that I would never accept pets— sorry, just too many urin soaked carpets and too much work.

#20 Smoking Man on 08.17.12 at 10:41 pm

Garth you’re such a

DELETED

#21 Victor on 08.17.12 at 11:02 pm

Divide a man’s age by 2 and then add 7. That is a man’s cut-off number when seeking a mate.

Gordie is 46. His gal is 33.

My math says he is free and clear. Good for you Gordie.

#22 John in Mtl on 08.17.12 at 11:03 pm

“As far as Quebec real estate goes, the biggest threat right now is the September 4th election, in which it appears my old buddy (that I would not trust with my hot, salacious wife) Jean Charest is about to lose. His support is being nibbled away by the upstart CAQ, which means the separatist Parti Quebecois has a good chance of forming government. Yes, cue the referendum talk, a big exodus of investment bucks, and downward pressure on housing. This comes at a miserable time,…”

You sure have a questionable bedfellows :) I wouldn’t trust him at the end of a 10 foot pole. This election’s gonna be a bitch allright. We Quebeckers are stuck between a rock and a hard place.

Most people don’t want M Charest and the liberals anymore, mostly on account of far too many reports alluding to corruption and the fact he is so secretive and combative concerning his governance of the province. I think he’s just another puppet of big corporations and the banks, made to sell off our province to those who give the most kickbacks, and further impoverish an already burdened people. Same as M Harper, same as what’s going on in the US and in Europe. He also seems to have a lot of mafia buddies who are no less greedy than the “legal” crooks. And the populace? we’re just “consumers”, “tax payers”, expendable casualties. There’s no free lunch, except on Wall Street and in Brussels.

As far as the “mechant separatisssses” are concerned, the CAQ is no better or worse than the PQ, and vice versa. I’d say that the only good side to both parties is that they seem to lean more heavily toward the welfare of the people and the environment. More empty promises? They also have their dark side – the PQ is certainly not above reproach, often taking massively destructive decisions for the province, its finances and its people when they were in power. But see, we’re still alive and well.

All parties are certainly behaving in a most irresponsible way with all their million dollar promises. But what else is new – same old tactics and more new taxes, more kicking of the can down the road, more debt and more promises not kept! Hell, we are already living wayyyyyyyy beyond our means. I hope people become more and more aware of such irresponsibility and all the falseness of “image” making. As far as I’m concerned, none of the parties are a good gamble. But I’ll cast my ballot anyways even if I beleive the dice are loaded.

Would separation be a good thing? I dunno! It might be if we ended up with a life geared more toward respect for the living, responsible consuming, and a sustainable lifestyle instead of “looking good”, corporate bulls**t, endless greed and growth of the bottom line at all costs for the few greedy bast***s of this world. But I ain’t holding my breath… its not a provincial thing, its planetary. We all need a wakeup call.

On another note…

you wrote: “…I hear the BC Real Estate Association and the Vancouver Gold-Humpers Society are coming to heckle.”

I would love to be part of your audience, Garth, and see you give them the straight dope to see what arguments they try to come up with. I hope someone here can video-record that memorable evening and post it to the net :) It should be a very entertaining (and sobering) night.

Again, thank you for relentlessly carrying on to educate (and entertain) us.

John

#23 Retired Boomer - WI on 08.17.12 at 11:04 pm

Smoking Man is two for two tonight…..wonder what he was going to verbalize for our enlightenment??

#24 Susan from London area on 08.17.12 at 11:06 pm

Pets are good for homeowners ya wanna pet let it ruin your own home not mine. As a landlord 1 adorable little puppy cost me $5000.00 of new subfloor and vinyle flooring throughtout and lost revenue to boot, owner left town no where to be found. A second wonderful canine who was respectable and obedient just cost me $2000 of area carpets, custom blinds, floor and door molding,again tenant left town,lost revenue. 7 cats and a dog left daily for long periods gave me a great opportunity to gut another rental unit costing me ummm about $8000. Owner went to jail not from animal cruilty unfortunately. In all these cases the owners of these very cute cuddly respectful animals in which they have full control, unfortunately have no control in their responsibility as pet owners and allow the landlord the shoulder all the costly expenses and repairs. Sooooo you wonder why your lovely labs arn’t welcome, too many bad pet owners before you, and to many experienced landlords not taking any more tenant abuse. If you can afford a dog you can afford a house or doghouse for it. Just saying…..

#25 OwlEyes on 08.17.12 at 11:12 pm

$125K is a realistic price for a condo. When will we see signs in Ottawa and Toronto saying “Starting in the Low 100’s”!?

#26 Dimitri on 08.17.12 at 11:15 pm

Almost exactly one year later and everything is unravelling just as predicted:
http://www.youtube.com/watch?v=vKUU6yUsCsU

#27 Lost cash on 08.17.12 at 11:18 pm

Hey smoking man show us the light….

#28 Mr Buyer on 08.17.12 at 11:18 pm

#9 ANONYMOUS on 08.17.12 at 9:44 pm

46 yr old guy with a 33 yr girl ?

DREAM ON !

Not in this universe !
…………………………………………………
My wife is 12 years younger than I am so I am guessing 13 is not such a stretch and I am older than this guy. BTW my wife is great and I think she got the short end the deal when she married me. I would rather be lucky than good any day.

#29 Blue Monster Lover of Meats and Vegetables on 08.17.12 at 11:28 pm

Hey TH, I just went back and saw your reply. Thanks for the info. I’m considering Malaysia to relocate my business out of Canaduh, away from the civil service vampire state. I didn’t toil for years to finally make it mediocre successful only to just hand a big chunk over to the cra looters and thieves. Not only that but the cost of living here is too high and the over taxing and financial burdens on workers with all the nanny state program deductions is just too much. Especially considering we get anything in return except a rapidly deterioration deathcare system.

Do you still spend time here in the summers and are you non resident or deemed non resident?

#30 Grim Reaper/Crypt Speculator on 08.17.12 at 11:42 pm

Maybe I should DELETE Smoking Man….any room he uses that costs more that $10 /hour is a waste. Then he can go back and talk to the atoms and neutrons and put them to sleep.

#31 Not 1st on 08.17.12 at 11:53 pm

Garth, you are moving to N.S??

http://www.youtube.com/watch?v=zqQJKj7qzL0

That’s my incredibly secret, private retreat nobody knows about. — Garth

#32 Hoof - Hearted on 08.18.12 at 12:07 am

Re Shared family cabin:

Same boat, but one sibling. Parents still alive. Spouse and our kids don’t use it, even though I did all the work and upkeep . Novelty has worn off….aka pain in the ass .
Sibling, her spouse and now EACH her kids are using it….cause we don’t. I wanted to cash out..probably lost $100,000 in value so far (its waterfront)

So…next year…simply gonna book the best weeks….at least 1/2 the summer. and whether we use it or not.

I agree with Garth…do the squeeze play …..no more Mr Nice Guy….

============================
Re pets and rentals….I found out that Insurance Companies do NOT, I repeat DO NOT insure for any damage caused by a pet. Try and find one….
Not worth it…

PS I’ll be Smoking Man had some comment about Pussy Riot and “Sleeping with your Joint tenant”

#33 D-dawg on 08.18.12 at 12:11 am

#15 Paully

A Manther.

#34 Van grrl on 08.18.12 at 12:13 am

It’s tough to find pet friendly rentals here for sure, but they do exist. There will always be a small sampling of people who make generalizations and there will always be idiots who ruin it for the 90% who are responsible, but some owners regard those with pets as being better tenants. Without the blanket ‘no pet’ policy more owners would come to realize this but of course in a low vacancy rental market that allows discrimination, you’re going to be pickier. I’ve even seen ‘no bikes’ in rental ads…?! Not sure what that is all about.

#35 Scott in Gibsons on 08.18.12 at 12:21 am

Hey Jane, just list your 1/4 share on MLS for $45k and let the sibs deal with whoever buys it.

#36 FTP - First Time Poster on 08.18.12 at 12:27 am

#15 – If Gordie was a 46 year old woman hooking up with a 33 year old man, she would be called a Cougar.

What should we call Gordie?

I dunno…..LUCKY!?

#37 realtors are in a panic on 08.18.12 at 12:42 am

Look at realtor smokingman posting in a panic. It’s going to be a nasty crash smokingman a nasty crash.

#38 Nostradamus Le Mad Vlad on 08.18.12 at 12:44 am


“If you have no interest in doing so, then rent it out to bikers [ or hookers ] for that period of time both for income and to irritate the siblings. They might have a change of heart somewhat sooner.” — That should do it. In less than a year, the others can buy you out for a nominal fee, so everybody’s happy!

#9 ANONYMOUS — “46 yr old guy with a 33 yr girl ?” — At 60, Catherine the Great was well known for having lovers half her age. So, to each their own.
*
#147 Macrath on 08.17.12 at 9:05 pm — “Did it magically heal and I missed the good news ?” — Au contraire! The now removed ozone hole is where the Blazingly Hot Ultra Stupid Sauce is pouring in. No need for any more ozones!
*
Bono He can afford it; Brits. lazy, say MPs. Actually, it’s the other way round; Bob Diamond (Libor) Highly selective testimony; 44 States Jobless rate up; IRS Going after the wealthy? Kiss ’em goodbye; California Muni bankruptcies rising; MEast tensions Pushing oil up? Transferring Jobs One city loses, another wins; Obomba’s economy Propaganda? Apple Good time to harvest the profits; N.J. unemployment reaches 35 year high; China Crash landing; Moneyville.ca Top Ten Things; Cdn. Friday links John Mauldin How change works (very quietly); Earning More, Spending Less.

Living Paycheque to Paycheck Better ways of saving for retirement; Walmart shares down International growth slows. All coming to a head; When one part fails, it all grinds to a shuddering halt; The Beautiful Deleveraging; Soros and Paulson Maybe because China is considering a new gold-backed currency; Walmart money laundering; Iowa About 20% of its power comes from wind; Missing Wealth; 20:11 audio clip Boomer’s boom; A Money Manager and super-rich groupies; Chinese RE Shoot from the hip; Target Now that Target has bought Zellers from The Bay, here is an article of note; The Weekender from FTAlpha; 2:24 clip Asia tense as food prices climb; 10:57 clip Lehman Bros., the US Fed etc.
*
Gotye’s Somebody I Used to Know remixed by various singers and musicians. Probably one of the nicest songs to come out in a long time (sound up); Knots in your stomach? Not him; Worst Job Other than being a RE agent; Cereal barsNot the best of choices, but who cares? GMOs vs. Organic; Good Memories Brain stuff, etc.; New Spider found in Oregon; 1:17 clip Paul Ryan admits the figures haven’t been run yet; No attack “The Persian Gulf is a bottle, whose neck is the narrow Strait of Hormuz, which is totally controlled by Iran… Simple land-to-sea missiles will be quite enough to keep it closed for months. To open it, a prolonged land operation by the US and its allies will be required. A long and bloody business with unpredictable consequences.”
*
disciple — 4 U.

#39 Daniel on 08.18.12 at 12:45 am

@ #21 Victor.

In Saskatchewan you add 3.

I gets a little awkward around 25.

#40 Baron von Munchouses on 08.18.12 at 12:45 am

Hey Susan from London.

Pets ain’t your problem.

Your problem is choosing lousy tenants (and spelling).

“Just saying…”

#41 Don on 08.18.12 at 12:50 am

Wow, Victoria has a fair share of price reductions, local realtor’s wife approached my wife to hang out some time. My wife said no thank you – not into meeting new people especially a realtor. My wife could smell the marketing ploy.

No one is talking about real estate any longer in this part of the island. Very quiet, but I am sure they are all thinking rebound even though most know they are no fundamentals to support it. Dow Jones is up again, the calm before the storm.

Stupid is easily parted with their money. But then again who wouldn’t pay $700 k for a house built in 1930 on a postal stamp.

Smoking Man is even loosing it – as he now sees the future. Time to check into funny unit Mr. Smoky. Gotta be one in every bunch.

Congrats Garth!

#42 ANONYMOUS on 08.18.12 at 12:51 am

#14 AprilNewwest:

oops, sorry, you are correct. A 33 yr female is a woman, a lady, not a ‘girl’. My deepest apologies !

#43 An Cat Dubh on 08.18.12 at 1:11 am

The lame stream media is only starting to mention a “possible” real estate correction. But then they hardly mentioned (if at all) the Family Research Council shooter.

#44 Soylent Green is People on 08.18.12 at 1:15 am

It’s funny he mentions left wing media for there is no such thing if there was we would not need to come here for the truth pa one day whole goes will be dissing his second ex wife here calling her fat you read it here first
O
O
O
O

#45 Soylent Green is People on 08.18.12 at 1:18 am

Re #29 Blue Monster Lover of Meats and Vegetables on 08.17.12 at 11:28 pm
Duh
It’s corporate welfare not social programs bleeding Canada dry guess you can’t read
O
O

#46 Of_Montreal on 08.18.12 at 1:24 am

Support Charest. I’m confident he can beat that CAQ!

Anyone else thinking of getting a quickie marriage/divorce combo and trading their investment portfolio for a maxed out Capital One? It would seem that’s what the moneywise maidens are after.

#47 DonDWest on 08.18.12 at 1:28 am

“Is it worth spending an obscene amount of money in a volatile time buying a property at some ridiculous, inflated value from a greedy slimebag owner who got it for one-fifth the price ten years ago, just so you can live in peace with your dog?”

What a beautiful and elegant statement. People must take personal responsibility for their actions. I’m tired of people blaming the government, realtors, credit, etc.

If you’re a baby boomer selling your shack in Vancouver for 1 million and you can’t make the connection why your kids are priced out; you have nobody to blame but yourself.

The only person that’s a bigger slimebag than a Vancouver home owner are the landlords who posted on this blog that refuse to take in little puppies just to save a few bucks. Mr. Grinch has a bigger heart than you – you’re truly disgusting.

As for the main topic on hand: Loser older men hooking up with young babes. I never thought I’m old enough to get started, yet here I am at age 30 dating a 21 year old. Violating that divide by two and add seven rule. She’s a 21 year old with more in her bank account than 83.8% of Canadians (that’s 30K by the way).

Tips for dads: A younger woman by 10 years in one hand; and a cute little dog in the other makes for very happy sons. Forget suggesting the purchase of a house. . .

#48 betamax on 08.18.12 at 1:32 am

#10 Smoking Man — DELETED

Apparently, the universe is contracting even faster than he thought.

#49 Tony on 08.18.12 at 1:39 am

The French race is dying out three times faster than the white race. Within a century the entire French race may die out completely in Canada. French politics infuriate me as Trudeau bankrupted a once buoyant economy with his hideous French English signs and labels on products which resulted in no products available for Canadians thus we must shop on the border U.S. towns for goods.

#50 earlymidlifecrisis on 08.18.12 at 1:44 am

YES! That’s how i see you- a financial shrink. I hope you give enough notice for your flash gig for me to get the fruit basket ready.

#51 Surrey Girl on 08.18.12 at 2:30 am

1/4 share cottage owner… offer your 1/4 to the other three owners for market value and make them aware that they have first right of refusal for a finite amount of time. If no takers then put your 1/4 share on the market. Done deal.
Dog owner….train your dog to the point that he qualifies as a guide animal. No one said you had to be the one he guides.

#52 donald trump on 08.18.12 at 2:57 am

when will i see a drop in re in toronto oh great guru garth

#53 drydock on 08.18.12 at 3:23 am

#23 Retired Boomer-Wi

Could be a case of ……twisted sense of humor = DELETED.

#54 drydock on 08.18.12 at 3:35 am

#6 Gordie Canuck

“May you live in interesting times”
Is a Chinese curse.
You could be on the cusp of a real eye opener if the P.Q. get in again,Gordo.

#55 Hank Stamper on 08.18.12 at 3:36 am

Hey Vancouver, kill the dog! Come on, what did that dog ever produce aside from feces, hair, dander, noise, and a bad smell? Are you seriously going to jeopardize your financial well-being for the sake of a mutt? Any intelligent person would think twice about doing that for a spouse, never mind some flea-bitten canine.

Fortunately for you, unlike a spouse, a dog can be cheaply and painlessly put to sleep in an afternoon. Get on with your life!

#56 Jay Currie on 08.18.12 at 3:38 am

I paid the dog deposit for the fuzzy one. And he lives outside.

Which is where dogs belong. They are happier, you are happier, your landlord is elated.

As ever, those of us in BC have beer, popcorn and a slightly jaded view of the desirability of paying equalization so our pals in Quebec can have near free daycare and the cheapest college tuition in North America. We love you guys…but the charge card is a bit maxed out.

#57 Finally on 08.18.12 at 7:51 am

I’m 42 with a 30 year old. We met when she was 19. Yes, I robbed the cradle and it was worth it!

#58 yorel on 08.18.12 at 7:53 am

What should we call Gordie? Lunch, maybe?

#59 I'm stupid on 08.18.12 at 7:54 am

#15 Paully on 08.17.12 at 10:21 pm
If Gordie was a 46 year old woman hooking up with a 33 year old man, she would be called a Cougar.

What should we call Gordie?

A mountain lion

#60 Just Checking on 08.18.12 at 8:47 am

#15 Paully
Cougar droppings = Financially-challenged man in mid-life crisis.

#61 housedoc on 08.18.12 at 8:54 am

Hey Gordie!
Make her happy.
But keep her happy.

#62 Linda Pearson on 08.18.12 at 8:57 am

#54Hank Stamper on 08.18.12 at 3:36 am

you said…Are you seriously going to jeopardize your financial well-being for the sake of a mutt?

Among my favourite possessions is a cheaply produced piece of kitsch, one of those little plaques resting on a wire stand, that says, “The gods do not deduct from your appointed years the time spent with animals.” It its on the shelf among my favourite books where I see it every day.

Obviously, you are not a lover of dogs. Those of us who are understand completely why someone would pay dearly to be able to live with a companion animal. After more than forty years during which my husband and I lived with several collies in succession, we are without one. Now anticipating retirement perhaps in another year, we know that we could not responsibly afford to own another family pet given the cost of veterinary care, medications for one pest or another and food/chew toys.

It feels awful to know there will never be another fuzzy “throw rug” tossing itself on my feet while I watch television or thrusting its head under my hand for attention. And when I answer the door to a caller there is no beloved on-call greeter who quietly inserts itself between me and the visitor, ever vigilant and always loyal.

Collies are like that.

#63 Susan from London area on 08.18.12 at 9:12 am

Hey Baron no doubt with the spelling buddy. I might not be able to spell but I’m great with numbers. My numbers tell me these were good people, who couldn’t control their dogs had no permission in the first place. But by the time I was able to get them out, and thats not easy, the damage was already done. The guy who went to jail okay a Ford worker he came with the property. Everyone gets a background check, but that dosn’t make them responsible pet owners. It only cost me $15,000 in repair costs to learn my lesson not including downtime. I have dogs but I also own my own place, which means I pay for my own damages if any. Now how was the grammar? To think I made it this far a single mom 2 kids, 54, retired and kain’t spell ha ha, only in America. I love it!!! Oh are there any 40 year old single guys out there I might be willing to give it a whirl. Send a picture plzzz.

#64 Julia on 08.18.12 at 9:34 am

I’ve been the 19 year younger hot wife with more money… And let me give Ms fiance some financial advice… Don’t get married! You don’t want to end up like me… Giving him half the house YOU paid for! Don’t get me wrong, i have no issue with age differences… Me and my 11 year younger hot boyfriend are very happy…and without wedding bells clanging in our ears.

#65 Herb on 08.18.12 at 9:36 am

#21 Victor,

is that a frankennumber?

#66 Just Checking on 08.18.12 at 9:37 am

What I learned today on Garth’s blog:
Why many middle-aged men seek younger women. If you’re a 46 year old male who scored a much younger woman it doesn’t matter how much debt you have, how much/little income you have, or how financially illiterate you may be, or how it’s even possible to go from being indebted to having savings after getting a $50k mortgage. These things no longer matter.

#67 Herb on 08.18.12 at 9:44 am

#43 Soylent Green,

please ease up on the stream-of-consciousness comments. There are times when you read like Smoking Man in drag.

#68 Randy on 08.18.12 at 9:45 am

Ontario is likely doomed in the long run…..unfortunately for a lot of people ….Quebec will get there first…

#69 Hoof - Hearted on 08.18.12 at 9:49 am

Dear landlord. My pets have been surgically altered so they don’t expel bodily waste:

Only other option is get a near blind landlord and tell them they are just ugly children.

Or just buy some RE…

#70 Incubus on 08.18.12 at 10:02 am

“As far as Quebec real estate goes, the biggest threat right now is the September 4th election, in which it appears my old buddy (that I would not trust with my hot, salacious wife) Jean Charest is about to lose. His support is being nibbled away by the upstart CAQ, which means the separatist Parti Quebecois has a good chance of forming government. Yes, cue the referendum talk, a big exodus of investment bucks, and downward pressure on housing.”

I am not sure about that, both CAQ and PQ will increase taxable capital gain to 75% and also increase taxes on dividends. PQ wants also to milk people with new tax rate. The maximum taxe rate in Québec is 24%, they think it is not enough!

I am not sure that will please a lot of people who have worked hard to save money and invest.

But, if Jean Charest lose then you bet that Québec will see a big exodus of investment bucks and people.

There is a limit of taxation, but in Québec socialist don’t understand that.

#71 Julia on 08.18.12 at 10:12 am

As a landlord I always advertised for no pets, but in the end I often caved on the pet issue. Sometimes I’ve had to choose between smokers and responsible pet owners. Dogs and cats win every time! So my advice is to do what I found a lot of pet owners do and respond to the no pet ads anyway. With my last tenants I was planning to replace the broadloom and they convinced me to rent to them and not spend money on new flooring, so in the end they saved me money.

#72 Karie on 08.18.12 at 10:27 am

Women in their mid thirties often want to have kids. I think they sometimes lower their standards to make it happen. I thought that was obvious with the woman writing in trying to get her boyfriend to Garth’s seminar in Vancouver. Not sure about Gordie’s girlfriend, I’m sure he’s a great guy, but taking on someone else’s debt can be lifestyle changing depending on the amount – maybe Gordie’s worth it.

#73 Daisy Mae on 08.18.12 at 10:37 am

“Is the dog coming? I certainly hope so. I need at least one loving and faithful set of eyes staring back at me, since I hear the BC Real Estate Association and the Vancouver Gold-Humpers Society are coming to heckle…”

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

Can you throw the bums out for disrupting the proceedings?

#74 DM in C on 08.18.12 at 10:48 am

#32 Hoof Hearted

There is pet insurance that covers it. We have a dog and been renters for four years, and have never had a problem because we have the certificate from our pet insurance company. Unlimited third party property damage (rental property) coverage.

#75 Incubus on 08.18.12 at 10:48 am

Québec economy is going to the toilet : http://business.financialpost.com/2012/08/17/corporate-quebec-braces-for-the-worst-as-election-day-draws-closer/

#76 Daisy Mae on 08.18.12 at 10:49 am

#17 Babblemaster: “In my opinion, the real slime bags are the folks who helped create and orchestrate this perfect storm of low interest rates and government backed mortgages resulting in this bubble of runaway real estate prices that’s all set to blow (I hope). And the RE cartels are the biggest SBs of them all. I know that I’m being judgmental, but so be it.”

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

This is a free country, we’re entitled to our opinions…and I totally agree.

#77 John on 08.18.12 at 11:00 am

Babblemaster wrote:

“I wonder though, is there really any moral aspect to this bubble? If the bubble does indeed explode big time, then you just know that there will be innocent folks that will be hurt. Just as in the US. For example little children having to live in cars parked in church parking lots.

So, if this scenario comes to pass, who’s morally culpable? I say it’s primarily Flaherty and his gang. I hope he can sleep at night. Not.”
————–

Moral aspect to the bubble?

Well. You just said you think Flaherty and his gang are culpable. Which means you are completely unaware of what’s going on right now.

But stick to the moral aspect of the bubble at another level. There are lots of people reading and participating this blog right now who are aware of what’s happening.

I haven’t read all the comments, but most people will allow your ignorance to stand and say nothing.

The reason for that might be getting into more of the “moral” aspect.

A smaller minority are just practicing good boundaries, given that in a huge number of cases where people are pulling that “Flaherty-Harper-Carney” crap, discussion is impossible. Due to rock hard denial.

But I’d say that isn’t the main part of the silent group. Most is indifference ( could be something moral there?), rationalization for the silence ( moral) or ulterior motives( moral).

Nobody is good or bad, and we all do what we do…but there’s someone on THIS blog, after all the information that has been presented and argued, in August 2012, talking about “Flaherty sleeping at night”.

How screwed up is that.

#78 Baron von Munchouses on 08.18.12 at 11:05 am

Hey Susan in London. Good for you.

Hopefully you’ve sold your rental RE at the peak.

If not, might want to reconsider that ‘good with numbers’ boast.

“Just saying…”

#79 Dorothy on 08.18.12 at 11:13 am

It’s unfortunate that a few irresponsible pet owners spoil it for the majority who DO control their pet’s behaviour. We’ve had pets for the past 30 years and have NEVER had a problem with them doing damage inside our home.

One thing to consider though is, isn’t it likely that people who allow their pets to urinate on the rugs etc. are also the kind of people who would do damage to the property even if they didn’t have a pet? After all, folks who have respect for property, their own or other peoples, aren’t usually the type to live in a home that stinks of pet urine, or looks a mess from pet damage.

It’s been my experience that people who allow their pets to make a mess of their homes, are also the kind of people who make a mess themselves. And such people make bad tenants, regardless of whether or not they have pets.

My husband and I decided to buy rather than rent because we knew it would be difficult to find rental accomodation in BC that would accept our small dog. Yet every day I see homes being rented to dreadful, pet free, tenants who live like pigs. It’s very frustrating!

#80 dd on 08.18.12 at 11:34 am

Is there room for significant further price depreciation or has the fat lady started singing? I’ve looked around but haven’t seen my ex at a microphone. Gordie
—————————————————————
First LOL of the day.

#81 JB on 08.18.12 at 11:36 am

I think it is finally coming. As a follower of Garth, I´m very happy to announce that finally we will be accepted by a society as a rational individuals. Why? Well, that´s easy to respond…

Residential Activity in the Second Quarter of 2012
Number of Sales – 8,132
Year/Year (%) – -18.8 (from 10,018 )
Number of New Listings – 19,085
Average Price ($) – 724,319
Year/Year (%) – -11.5 (from 818,721 )
Vancouver Housing Market: Developments in 2012

#82 Ravishing Rick on 08.18.12 at 11:45 am

On Monday I’m hoping to get a Garthaplooza t-shirt keepsake!

#83 Pt Bob on 08.18.12 at 11:50 am

In Penticton & can’t make it Monday – one seat available

#84 Rainclouds on 08.18.12 at 12:13 pm

There goes the neighbourhood:-)

Live in Souless Burnaby (bought 25 yrs ago) , got a place up the road from Lunenburg.(Purchased 7 yrs ago)

Proudly Bi-Coastal :-)

#85 Canadian Watchdog on 08.18.12 at 12:33 pm

I sure hope this Richmond Hill home sale is a misprinted 44% off. Even at list price it sold for 86% SP/LP, a 14% reduction.

#86 Thanks on 08.18.12 at 12:41 pm

Wow, Lunenburg is a gem, well done!

Thanks for the humour – always enjoyable (the wisdom is a bonus):

“…kinda like a Pussy Riot concert, amortized”

“(this is apparently more of a problem than is widely known)”

Priceless, thank you

#87 renters rule on 08.18.12 at 12:42 pm

@#34 Van Grrl

Totally agree with your comments re pets. I live in a walk up west of Denman that allows cats, almost every tenant in the building has cats — and no, no weird smells, damage etc. Most of the tenants in the building are working professionals who figured out what a “deal” it is to rent in this neighbourhood versus owning (many tenants have been here more than 10 yrs).

If a landlord cannot tell the difference between a responsible tenant (and pet owner) and a daft one, that should really be the landlord’s problem; I would never allow my pet to damage the property and I certainly would never skip on paying money that I owed someone!

Regarding the comment re “no bikes’, I have seen that too — I think it has something to do with the ridiculously expensive bikes people buy these days (the same people who overpay for disposable condo units with no money down I would think!). They don’t want to leave them in the shared bike storage area because they worry about theft/damage, so they are keeping them in their apartment — which if the tenants are not careful, can lead to a lot more dirt and scuffing of surfaces, etc. when the bikes are brought in and out…..

#88 truth hammer on 08.18.12 at 12:44 pm

Continued deprressed Quebec city real estate prices should be exactly the wake up call cure for the crazy talk of separation…..so what gives with the population there…..are they just naturally stupid from too much inbreeding or is the media message so narrow there that the average citizen living there doesn’t know what to think? It’s no wonder the wacko socialist message is so prominent there…the people are desperate for government handouts because they have been kept in a perpetual state of poverty…….sounds to me like the Liberal Party strategy that Pierre Trudeau held for all Canadians.

I say we get all English on the situation there and reinforce our traditional Droit Signeur to breed some some sense into them. We send an army of drunken louts over from Alberta and mess with the Quebecois concept of ‘pure lain’.

Meanwhile…the Obamatons are running scared from the very real potential of the reestablishment of another Camelot era……Paul Ryan…..the straight arrow….another Kennedy….once the US is brought back from the socialist abyss our country will run with milk and honey from the overflow of largesse.

http://news.nationalpost.com/2012/08/17/paul-ryan-gives-mitt-romney-a-credibility-boost-in-u-s-election/

It isn’t like there is any political will to save Canada from the Green Party dream of 100% taxation and have us all living in tents…..except for the gluttonous civil service of course …..they think they have transcended to a higher plain than the average citizen has a right to enjoy.

#89 Karie on 08.18.12 at 1:01 pm

Re: The no bikes thing for renters. My guess would be that people are bringing their bikes into the condo/apt and it’s wrecked the carpet with mud stains or something.

I love my dog and mentioned this is one of the reasons I didn’t want to rent months ago. I haven’t rented in a long time but doesn’t the landlord come by every so often to make sure there’s no damages or grow op going on or something?

I do think it’s so funny how people on this blog often say get rid of the spouse when it comes to a disagreement about money but very few saying that when it comes to money and pets. Interesting!!

#90 Old Man on 08.18.12 at 1:09 pm

In regards to Real Estate agents. Most will sell you anything to make a commission, so they can move on to the next victim, as making money is their God; also you would be shocked that they know nothing about Real Estate. Now, there are exceptions to any rule, and the older ones seem to be more honest; in fact, might tell you not to buy anything for a few years. Now Garth have a Vancouver alert for you, and there is this gal called Mandy; a real looker; and she will be there; and the word is out she wants you badly, so lock your room door at night.

#91 John on 08.18.12 at 1:09 pm

Did anyone see the Pussy Riot Permanent Canadian Resident card? Shown on Russian television:

http://www.cbc.ca/news/yourcommunity/2012/08/should-canada-intervene-in-the-pussy-riot-case.html

Thing is, if she set up shop in Toronto, there’d be nothing for Pussy Riot to sing about.

“Honey, I want that 850,000 McMansion or there’ll be no riot tonight”.

Canadian “partner”: Sure, just don’t leave. Anything else?

The Riot lead singer: “I”ll let you know”.

Actually, such conversations wouldn’t actually be ever stated explicitly. It’s understood.

Thing is, once she’s bored and at the end of her rope from the miserable childhood, the shit would hit the fan anyway.

I love that Canadian card though….I thought it was a joke. CBC is asking…”should Canada intervene”?

Ohhh the fairness.

Remember when a Russian Canadian of her age won the Miss Universe contest for Canada in 2005 ( very beautiful woman) and the Toronto Star banned reporting on it?

The Riot would fit right in here.

#92 jess on 08.18.12 at 1:19 pm

RALEIGH, N.C. (AP) — Federal securities regulators have filed fraud charges and an emergency order to freeze the assets of a North Carolina company officials say operated a $600 million Ponzi scheme that is on the verge of collapse.

The action by the Securities and Exchange Commission Friday is intended to help investors recoup money and avoid devastating losses.

Online marketer Paul Burks of Lexington, N.C., is accused in a federal complaint of raising money from more than 1 million customers through ZeekRewards.com, a website in operation less than two years.

Read more: http://www.businessinsider.com/officials-freeze-assets-of-online-company-described-as-600-million-ponzi-scheme-2012-8#ixzz23v3IbAHb

#93 Susan from London area on 08.18.12 at 1:23 pm

Hey Baron you know I’m a big girl and can take care of myself, thanks for the concern though. Something interesting enough might pull me out of retirement, but until then I’ll just keep crunching numbers with a little help from my friends.

#94 bill on 08.18.12 at 1:56 pm

#34 Van grrl on 08.18.12 at 12:13 am
#87 renters rule on 08.18.12 at 12:42 pm
we have a no pet rule that is really to have leverage over an irresponsible pet owner.
we dont allow mid or large dogs as we view apartments of the sizes we rent are not appropriate to have an animal that size in such a small space.
the apt manager [my boss] is very active in feral cat rescue and spaying/neutering and takes an extremely dim view on animal abuse of any kind so you get a bit of a grilling if you have a cat.
we also make exceptions to a tenant looking after someone else’ s dog for brief periods as long as it is well behaved.
a heads up is all we require.
god help you if you bring a muddy bike through the lobby. zero tolerance there.

#95 bill on 08.18.12 at 1:59 pm

oops I see I didnt say despite the no pet rule we do allow cats.
I would say that there are about 10 or so at any given time. some are very long term residents. indeed have lived all their life here.

#96 Old Man on 08.18.12 at 2:14 pm

Susan sell off the rental before it is too late, and meet me for a coffee and a donut at Tims. Let’s pool some cash 50/50, and crunch some numbers about our next move to make some money; just a thought! I need a partner with experience and a brain who has seen it all, and am sure we can come up with a winner.

#97 Stupesing in Cabbagetown on 08.18.12 at 2:26 pm

#77 John – huh?

#98 Bad mother on 08.18.12 at 2:32 pm

#15

I believe the term for a male cougar is a MANTHER!!

#99 Uki on 08.18.12 at 3:24 pm

Pets in condo building ? As a renter myself I hate it. When I see management allowed pets, I take it as a sign of a trouble and start looking somewhere else.

#100 Canadian Watchdog on 08.18.12 at 3:31 pm

Infographic: Vancouver Detached Home Price vs Government Intervention.

#101 Ronaldo on 08.18.12 at 3:34 pm

#89 Karrie – ”I do think it’s so funny how people on this blog often say get rid of the spouse when it comes to a disagreement about money but very few saying that when it comes to money and pets. Interesting!!”

Karrie, pets know nothing about money. All they want is love and attention, and to be fed and watered. And they can be very obedient if trained properly.

#102 Ronaldo on 08.18.12 at 3:37 pm

Hi Garth, just got back from climbing mountains and see that you are speaking in Vancouver on Monday night. If I was to show up at the door without a ticket, would I be turned away.

Do you deserve to be? — Garth

#103 Ronaldo on 08.18.12 at 3:45 pm

#66 Just Checking – how’s this for a score?

http://www.epiclol.com/guess-which-one-it-the-millionaire/

#104 Baron von Munchouses on 08.18.12 at 4:02 pm

Hey Susan in London.

That’s an odd definition of “retirement”, chasing down deadbeat tenants and their incontinent pets to the tune of $15,000. To each their own I guess. Lol

#105 DAFFY DUCK on 08.18.12 at 4:12 pm

Lots of pet haters on here.

Just remember when you go out into the wilderness karma’s a bitch. Although I don’t think most of you uptights wads even go outside city limits, as you are too fragile and wouldn’t be able to find yourselves out of a wet paper bag. Some people’s children.

My prediciton : landlords will not be so picky in the future as most of you are about to experience asset deflation. I can’t wait to low ball, I love playing with simple minds. Hell I am starting to send in low ball offers right now just to rattle the greedy little humans. I would rather be surrounded by animals then humans at least you can trust the animals.

As for the age difference between couples who cares. Nothing last forever so enjoy it while it lasts.

#106 jess on 08.18.12 at 4:32 pm

dominos

HUD to Sell $1.7 Billion of FHA Delinquent Loans

HUD ACCEPTING APPLICATIONS FOR ENTITIES TO PURCHASE TROUBLED
MORTGAGES, OFFER CHANCE TO AVOID COSTLY FORECLOSURES AND STABILIZE
NEIGHBORHOODS

Neighborhood Stabilization Loan Sales

In addition to the standard note sales, the enhanced program features new neighborhood stabilization requirements to encourage investment in communities hit hardest by the foreclosure crisis. Approximately 40 percent of the 9,000 loans in the sale scheduled for September 2012 will be located in Chicago, IL; Newark, NJ; Phoenix, AZ; and Tampa, FL – four metropolitan areas where high numbers of seriously delinquent loans could expand an already large inventory of REO properties over the coming months. Designed to help stem the flow of distressed properties hitting these markets, these neighborhood stabilization requirements provide that no more than 50 percent of the loans within a purchased neighborhood stabilizationpool may be sold as real-estate owned (REO) properties.
http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2012/HUDNo.12-116

https://www.debtx.com

#107 brainsail on 08.18.12 at 4:46 pm

We never watched Jay Leno’s show because we didn’t like it and are very depressed about how much money he made and now he has agreed to take a large pay cut.

“According to Deadline, the pay cut Leno agreed to this week was “tremendous,” with his new annual salary resting somewhere between an estimated $27 and $30 million. Apart from his hosting gig, Leno also reportedly brings in between $15 and $20 million a year from personal appearances and stand-up performances.”

http://newsfeed.time.com/2012/08/18/jay-leno-tonight-show/?hpt=hp_t2

#108 Ronaldo on 08.18.12 at 4:58 pm

”Do you deserve to be? — Garth”

Good answer. If it helps I will leave the bear bells and the left over bear spray at home.

#109 Blue Monster Lover of Meats and Vegetables on 08.18.12 at 5:15 pm

#45 Soylent Green is People on 08.18.12 at 1:18 am

Re #29 Blue Monster Lover of Meats and Vegetables on 08.17.12 at 11:28 pm
Duh
It’s corporate welfare not social programs bleeding Canada dry guess you can’t read
O
O
—–
Exactly, I hate that too. I hate paying into the CPP for roads in Brasil and a losing equity stake in RIM. The CPP sucks money out of my small capital starved entrepreneurial business and hands it over to these international corps. who were riding high and only cared about buying hockey teams or building science centers until they abandoned ship.

I don’t want to support social OR corporate welfare. I want the markets to support / decide / risk who gets money and who doesn’t. Not Bureaucrats.

#110 Canadian Watchdog on 08.18.12 at 5:21 pm

In case anyone is wondering who calls the shots at OSFI.

Maurice Dorman
Senior Supervisor at OSFI
LinkedIn Page
Past Jobs: Team Lead, Fixed Income Operations at Bank of Montreal Senior Manager, Treasury & Investments at Capital & Credit Merchant Bank

David Maxwell
Senior Capital Markets Analyst at OSFI
LinkedIn Page
Past Jobs: Consulting Analyst at TD Securities

Winnie LoBaker
Senior Manager at OSFI
LinkedIn Page
Past Jobs: Head of Collection Analytics at HSBC Financial

Renée Chen
CA, CFA, Director at OSFI
LinkedIn Page
Past Jobs: Manager, Derivative Reporting at RBC

Dave Oakden
Managing Director at OSFI
LinkedIn Page
Past Jobs: Senior Vice President at Zurich Canada

Tom Belyk
Manager OSFI
LinkedIn Page
Past Jobs: Director Canadian Commercial Credit at Scotiabank

Leslaw Skoczylas*
Senior Supervisor at Office of the Superintendent of Financial Institutions of Canada
LinkedIn Page
Past Jobs: Research Analyst at Bank for International Settlements

#111 Old Man on 08.18.12 at 5:32 pm

#104 read carefully as Susan does not live in London, but in the area, and believe St. Thomas is my best guess; yep might be old but am not stupid.

#112 LS in Arbutus on 08.18.12 at 5:43 pm

Well regarding pets, I love, that now on the west side of Vancouver if you want to rent a house for $3,500 – $5,000 it’s usually also states, “No pets.” OK, who is paying $3,500 to $5,000+ for rent and is going to trash your house? I agree with prior posters, it’s nice to be picky, but you’re not going to find many paying these ridiculous rents, be a single or married with no kids, professional.

The other funny part is typically the carpets, floors etc. are 20 – 50+ years old, I am not quite sure what a pet would do to it?

But anyhow you have different renters, dirty and irresponsible, dirty and responsible, clean and irresponsible and clean and responsible.

It’s really the irresponsible (clean or not) that you need to avoid. Whether they have pets just makes the dirty irrsponsible types worse. Checking references thoroughly should get rid of these types.

Oh, and by the way, living in a unit with or without a pet, there is wear and tear…. it happens.

Most people should NOT be landlords, they are NOT cut out for it.

I

#113 Van grrl on 08.18.12 at 5:54 pm

#94 Bill
Yes, this rule is one I’ve always found odd, since the size of a dog has nothing to do with its energy level and need for exercise. That has more to do with age and breed. So you would rent to someone with a 25 lb, hyperactive dog who will leave it there all day until it is wound up to extreme and yapping it’s head off, driving the neighbours nuts, but not to someone who may have a 12 yr old lab that happens to be 60 lbs?? So random!
Sooo Vancouver :)

#114 Just Checking on 08.18.12 at 6:23 pm

#103 Ronaldo

The man in pic might be the millionaire,
or else, the woman is the millionaire and he knows The Move. (“The Move” being from Smoking Man’s post a couple of days ago.)

#115 maxx on 08.18.12 at 6:34 pm

#9 ANONYMOUS on 08.17.12 at 9:44 pm

Sorry to burst your bubble, but some older gents have a magnetism the younger ones can’t even touch. Not even remotely.

#116 TurnerNation on 08.18.12 at 6:37 pm

A number of price drops this week on overpriced Toronto SFHs:

http://www.themash.ca/

#117 bill on 08.18.12 at 6:37 pm

#113 Van grrl on 08.18.12 at 5:54 pm
”who will leave it there all day until it is wound up to extreme ”

you make some generalizations about dogs and us that are not accurate.anyway for that very reason we would not rent to them.
as for the larger dogs , they have stayed for brief periods when someone in the building is taking care of it for someone else. getting permission and good behavior being the key.

”since the size of a dog has nothing to do with its energy level and need for exercise. ”
permit me to disagree with you there.generally dogs are a ‘pack animal’,they hunt in packs and have a very large territory .
we prefer cats as they seem to be very well suited for apartment living being able to adjust very well indeed to a small territory.
our two cats [former feral cats] have divided up our apt into a complex group of territories . they have their own private areas and common territories throughout. as an aside, having two feeding stations and two litter boxes kept scrupulously clean go along way to prevent spraying and other unpleasant cat habits.
we really try to accommodate folks who wish to rent and have small animals or allow tenants to look after larger animals when a friend is indisposed in some way or on vacation.
at the end of the day those are our rules that we would like the tenants to adhere too.

#118 CalgaryRocks on 08.18.12 at 6:39 pm

Usually most damage to carpets is done by toy pet breeds. This is because the owners do not train them properly while some are actually harder to train.

Bigger dogs are much easier to train but even so, they can still become sick, puke, have diareea etc…

The point is, carpets and pets do not mix. You can use tiles in the kitchen and bathroom areas and a cheap laminate or even better a high end thick floating vinyl floor everywhere else. The tenant buysome rugs if they feel like it.

Then you can advertise as a rental for pet owners and you’ll never have an empty apartment.

When I lived in Florida, the management would totally rip off the flooring (carpet and vinyl) and put new one in after each tenant. They charged a pet fee of 300$ when signing the lease plus 50$ or so extra per month.

The lady that spent 15000 has a problem with screening her tenants not with pets.

#119 Junius on 08.18.12 at 6:40 pm

#88 Truth Hammer,

Paul Ryan is a straight arrow? Try the biggest hypocrite in the Universe after spending his entire life sucking at the gov’t trough while pretending to be a tough guy.

This is what passes for tough in the US these days – someone who wants to kick the unemployed and roll back Medicare. Some tough guy.

Tough was Teddy Roosevelt who took on the Robber Barons, Banksters and real special interests of this day. Ryan is just another big corporate bitt licker. Which is why you like him so much.

#120 bill on 08.18.12 at 6:44 pm

LS in Arbutus on 08.18.12 at 5:43 pm
have to agree with you .
it is a big challenge to get good tenants I’ll tell you.

#121 TurnerNation on 08.18.12 at 6:51 pm

Hard to believe, Smoking Man is too much for even this low-brow weblog?

Someone tell him, they make non-alcohol mouthwash now.

#122 TaxHaven on 08.18.12 at 6:53 pm

Good grief. Ridiculous. Dogmeat is easy to cook in a variety of surprisingly delicious ways.

#123 Old Man on 08.18.12 at 6:53 pm

#113 am a dog lover myself, and there is one dog that will not bark, but for any woman that wants protection it will attack, as met this girl who was running at 7:00 AM, and this guy jumped her, but never saw the dog, as he took care of him. A couple of hours later saw this beautiful dog who was watching me, as wanted to pet him, and she told me the story, so said let me give him signal that you are ok. It was a 3 year old greyhound, and she told me about the binding between her and this dog of hers, as she loved her dog.

#124 AG Sage on 08.18.12 at 6:56 pm

>#24 Susan from London area on 08.17.12 at 11:06 pm

Raise your pet deposit to $6500 dollars maybe?

#125 jess on 08.18.12 at 7:07 pm

columbia journalism review

http://www.cjr.org/the_audit/audit_notes_bill_black_on_cnbc.php

The poster known as Thimbles, CJR has an excellant comment

#126 Babblemaster on 08.18.12 at 7:35 pm

#77 John

“We all do what we do.” True enough. Does that mean you believe no-one is culpable or morally responsible for the impacts? I read your post twice, but I must admit that your entire post went largely over my ignorant head. Perhaps you do have some great insight with regards to “what’s going on” and the moral aspects but, after reading your post a third time, it still remains a mystery to me.

#127 Tyrell Pronghorn on 08.18.12 at 7:35 pm

You should do a set of blogs on irrational pet owners.

#128 maxx on 08.18.12 at 7:42 pm

#48 betamax on 08.18.12 at 1:32 am

Now that is the funniest thing I’ve heard all day. Thanks!

ROFL!

#129 Canadian Watchdog on 08.18.12 at 7:57 pm

@TurnerNation

This one is for you.

Word cloud comprised of 12,000 Toronto 416 MLS listings by street name. http://postimage.org/image/n8ppgnrvd/

Larger text means more listings in the corresponding street name.

#130 a prairie dawg on 08.18.12 at 8:06 pm

#48 betamax

#10 Smoking Man — DELETED

Apparently, the universe is contracting even faster than he thought.

– — –

Good one. :)

#131 Daisy Mae on 08.18.12 at 8:16 pm

97Stupesing in Cabbagetown on 08.18.12 at 2:26 pm
#77 John – “huh?”

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

That’s what I say….geez!

#132 Susan from London area on 08.18.12 at 8:25 pm

Baron my man it’s finished, just cashed in, hence retired. Old man,never have been into younger men usually because you older fellows arn’t stupid. No to St. Thomas close though good guess.

#133 maxx on 08.18.12 at 8:31 pm

#75 Incubus on 08.18.12 at 10:48 am

Yes, and soooo glad we’re renting at the moment. We went through this malarkey in ’95 and I’d hate to be holding RE in QC now.
QC RE is becoming paralysed in no uncertain terms as it’s highly over-priced and way overtaxed. Sales taxes are piggy-backed one on the other- ridiculous!
Given this politically unstable part of Canada, the fiscal prognosis is not good, whatever the election outcome. In this day and age, it no longer takes much to reach a tipping point in favor of moving assets to a safer place, given the heavy separatist fatigue load of many. Anyhow, the choices really suck and are demotivating in the extreme, bordering on depressing.

#134 dont slave animals on 08.18.12 at 8:32 pm

Dogs in apartments??? What is wrong with you? Killing other animals to feed your dog-slave, just because you can not socialize with humans and need the attention of animals.

Who let you in? — Garth

#135 dradak1 on 08.18.12 at 8:34 pm

” #130 a prairie dawg on 08.18.12 at 8:06 pm

#48 betamax

#10 Smoking Man — DELETED

Apparently, the universe is contracting even faster than he thought.

– — –

Good one. :) ”

At list he has a courage to express himself – people like you (living under the rock) still thinking that earth is flat. :-(

#136 Devore on 08.18.12 at 9:10 pm

#112 LS in Arbutus

It’s really the irresponsible (clean or not) that you need to avoid. Whether they have pets just makes the dirty irrsponsible types worse. Checking references thoroughly should get rid of these types.

Why would you do anything with references, other than check off they’re there? You’re gonna call their landlord, who will tell you they’re the worst tenants he’s ever had, please take them?

#137 Devore on 08.18.12 at 9:19 pm

#114 Just Checking

or else, the woman is the millionaire and he knows The Move. (“The Move” being from Smoking Man’s post a couple of days ago.)

Someone’s been reading too much Cosmo.

#138 LS in Arbutus on 08.18.12 at 9:35 pm

#136 Devore on 08.18.12 at 9:10 pm

#112 LS in Arbutus

It’s really the irresponsible (clean or not) that you need to avoid. Whether they have pets just makes the dirty irresponsible types worse. Checking references thoroughly should get rid of these types.

Why would you do anything with references, other than check off they’re there? You’re gonna call their landlord, who will tell you they’re the worst tenants he’s ever had, please take them?

———————————–

That is true, but having done this for about 5 years now, I was taught that one of the main reasons for a credit check is that you can see their previous addresses and so verify where they were living and cross check their current and previous landlords.

As an aside, it was explained to me that a lot of renters are renters because often they don’t have the best credit, so a marginal credit check, in and of itself shouldn’t be a show stopper.

Personally, I hire a property management company just to source my tenants and check their backgrounds because I am not very good at it. Since doing this, I haven’t had many terrible issues. That said, it’s like hiring a new employee, there is only so much you can do and sometimes you get very lucky and sometimes not.

A few things you can do though to ensure you have LOTS of people to choose from is maintain your building to a very high level and charge at market or just below market.

With existing tenants who are good, be slightly flexible and keep your rents reasonable. As a landlord your biggest headache and cost is turning apartments, so you should try and keep your good tenants.

Pets, in and of themselves aren’t the issue, it is the underlying tenant. There will be issues. It’s part of business. Oh and it doesn’t hurt to have a husband who is a carpenter who can do all the maintenance on the building.

I am both a landlord and a renter, so I can see both sides of it.

#139 a prairie dawg on 08.18.12 at 10:13 pm

#135 dradak1

At list he has a courage to express himself – people like you (living under the rock) still thinking that earth is flat. :-(

– — –

You have no idea who I am or what I know. Much less, what I believe.

Your whole premise is weak. Buzz off goof.

#140 Linda Pearson on 08.18.12 at 10:26 pm

#126Babblemaster on 08.18.12 at 7:35 pm

you were speaking about John’s posts and said: I read your post twice, but I must admit that your entire post went largely over my ignorant head. Perhaps you do have some great insight with regards to “what’s going on” and the moral aspects but, after reading your post a third time, it still remains a mystery to me.

Actually, John and Smoking Man are not so different from each other. Both have forgotten the first rule of conversation which is to communicate. You know how that works, I toss you a group of words which you then absorb and toss me back some more words for me to absorb. Both of those men are so busy being pseudo-intellectual in the case of the one and anti-intellectual in the case of the other, that neither one can be understood.

I’m not a completely ignorant woman. However, I no longer read contributions from either of those posters. They’re not trying to engage me in conversation; merely attempting to impress, perhaps themselves most of all.

#141 45north on 08.18.12 at 10:32 pm

Tony: The French race is dying out three times faster than the white race.

what!

white refers to European in which case French is simply a part of the European race. If you meant “faster than the English race” then the French and English are thoroughly mixed. One of the most important events was the Norman invasion of England after the Battle of Hastings:

http://en.wikipedia.org/wiki/Battle_of_Hastings

funny that DNA , are you sure that you aren’t pure laine?

#142 Roial1 on 08.18.12 at 10:36 pm

#34Van grrl on 08.18.12 at 12:13 am

I’ve even seen ‘no bikes’ in rental ads…?! Not sure what that is all about.

I can tell you what thats about. The stupid tenant who walks their muddy wet bike through the halls over the carpets. All winter long and wonders why you are so pissed with him or his kid.

#143 TakingResponsibility on 08.18.12 at 10:40 pm

#138 LS in Arbutus on 08.18.12 at 9:35 pm

RE: Credit Checks and References

Might also point out that it is incumbent upon the renter to get a ‘landlord’ credit check as the majority of landlords will soon be (if not already) highly over-leveraged. Such an inconvenience and so time-consuming when foreclosures hit; thus, it is very important that one ascertain the ‘landlord’ has the capital capabilities.

Due diligence is very important as there are many ‘landlords’ whom are subsidizing renters and just waiting for the next boom. Haha!!

Also, very important to get ‘landlord’ REFERENCES as there are so many landlords who don’t know how to read various legal contracts pertaining to the rental business, let alone how to administrate said business.

Get at least three references from past tenants.

#144 Gordie Canuk on 08.18.12 at 10:58 pm

FYI blog dawgs….

Like an earlier comment here from someone married to a much younger woman, I too thought the soon to be resident love goddess could do better than a 46 year old in debt divorcee, but then who am I to question fate, she loves me and I her.

As for being in debt, net family property….the difference between assets and liabilities, wasn’t enough to pay the legal bills and live on, ya do what ya gotta do.

And just in case anyone is thinking I left the woman at the mike, no….she actually went on a diet during the last year of our marriage, all the better to entice her new and newly rich (inherited $$$) bf.

#145 John on 08.18.12 at 11:00 pm

Babblemaster wrote:

“#77 John

“We all do what we do.” True enough. Does that mean you believe no-one is culpable or morally responsible for the impacts? I read your post twice, but I must admit that your entire post went largely over my ignorant head. Perhaps you do have some great insight with regards to “what’s going on” and the moral aspects but, after reading your post a third time, it still remains a mystery to me.”
——–
No no my friend…I don’t mean it in a putdown tone, where I have some extraordinary insight that “you don’t have”. I really am talking about not knowing
( ignorance). And we are all ignorant of a million things.

I’m talking about the cause and effect regarding the Canadian real estate bubble, and how social programming and silence blocks awareness of what’s going on.

Jim Flaherty is like the consierge to a condo. He has no power at all. Neither does Carney…and Harper even less.

Did you catch the article about Merkel’s visit? Ok. That’s MERKEL. There is a possibility that she has no idea what’s going on. She spoke of Canada’s fine performance after 2008 and the solidity of Canada’s banking system. She might have been serious.

Canada’s housing bubble is international, coming from a global dynamic. Are you aware of this?

A lot of people here are, and know about these dynamics….and don’t really want to talk about what it means.

I just happened to be on vacation in Buenos Aires in Sept. 2008 when the crisis broke, and spent my free time reading about it every day in cafes…and then never stopped…to the present day.

The party line and what’s real are very different. It’s way out of hand right now.

I think it’s a stinker that people in the know here don’t bother to even respond to or correct the “Flaherty-Carney-Harper” reality regarding the real estate bubble.

Would you ever think that the Australian Carney-Harper-Flaherty equivalents caused THEIR real estate bubble? Of course not.

I’m just saying your Flaherty comment indicated that you are thinking like I was in 2008. I believe I know where you’re coming from.

#146 Devore on 08.18.12 at 11:41 pm

#143 TakingResponsibility

Might also point out that it is incumbent upon the renter to get a ‘landlord’ credit check as the majority of landlords will soon be (if not already) highly over-leveraged. Such an inconvenience and so time-consuming when foreclosures hit; thus, it is very important that one ascertain the ‘landlord’ has the capital capabilities.

I am pretty sure when I was looking for a rental after selling my condo 3 years ago, that I was interviewing and assessing the landlords more than the other way around. Nearly all of them were rank amateurs.

The answer for me turned out to be to not do business with amateurs. Shelter is far too important for me to leave to chance and the incompetence of others.

#147 Uki on 08.18.12 at 11:50 pm

to #105 DAFFY DUCK: You did not get it. We are not pet haters. I don’t hate pets.
I like dogs very much. But I don’t want to ride elevator with a dogs urine smell and look in it. And I also hate to think that somebody have a pet python in a apartment next to me. Cats also smell awful.
If you want to keep pet – buy a house.
If you can not afford a house – respect other people leaving in the same house with you.
Moronic greedy condo managements will let zombies get in just to attract buyers. A lot of examples near Square One Mississauga.

#148 Uki on 08.18.12 at 11:59 pm

“Jim Flaherty is like the consierge to a condo. He has no power at all. Neither does Carney…and Harper even less.”

Are you serious ? Why we have a government after all ?
Is this sovereign country after all ?

Who HAS the Power then ?

#149 Nostradamus Le Mad Vlad on 08.19.12 at 12:04 am


#88 truth hammer — “. . . the reestablishment of another Camelot era……Paul Ryan…..the straight arrow….another Kennedy….once the US is brought back from the socialist abyss our country will run with milk and honey from the overflow of largesse.”

You may or may not be correct, and it really doesn’t matter anyway — there are many other things shaping up, none of which we are privy to. Ryan budget “The Ryan budget plan is a Koch brothers’ dream and the American peoples’ nightmare.” Romney is not much better, having raised a nice sum overseas (Israel) which violates the Constitution, which disqualifies him from running; Gold is money again? Here’s the important bit: At the top of the proposed changes is the new list of “zero-percent risk-weighted items,” which now includes “gold bullion,” right after “cash.” and Gold confiscation Does this have anything to do with China starting a new gold-backed currency? Robin Hood Clarification — He worked on Mel Brooks’ “Men in Tights”; Physical Gold over Derivatives With ChIndia doing the mass buying, there won’t be much left; Greece’s debt soared in three months; Oz has its own subprime stuff; IBM Good corporate citizen, better corporate tax rate; Executive Pay, but no recession; 11 Worst Comp. to work for in the US.

Nothing happening? Coupla strange charts; Facebook’s Banxters (or crooks); Investor complacency and the fiscal cliff; Food costs and world markets; Energy Who uses what around the world; Reno Not enough jobs; Inflation 1872 to present; Obomba Chicken feed for infrastructure.
*
Three Pix Spot the two war criminals; Fake Eco-friendly corporations; How Convenient Nurse at one of Aurora’s hospitals found dead; 2:30 clip Louisiana sinkhole bring mandatory evacuations; Food Co-ops beat grocery stores easily; The Scientific Creed Top Ten dogmas; Arthritis Coins in shoes. If it works, fine; Male birth control pill = Eugenics; Utilizing the Life Force There are greater things moving nicely along; Can Google Be Trusted?

#150 vangrrl on 08.19.12 at 1:14 am

#117 Bill
I wasn’t making a generalization at all. I was giving an example of a scenario in which someone with a smaller dog may assume that simply because it is small it doesn’t need much exercise.
As for territorial space, if a dog gets long, regular, stimulating walks it has its territory. We’re talking about domesticated animals here. Have you had tenants try to rent with wolves?

#151 dd on 08.19.12 at 2:04 am

US in a recovery … Think again
———————————————————–

GM’s boat is once again taking water, writes Louis Woodhill at Forbes.

The US still owns 26% of the company and would need about $53 a share to break even, a far cry from the current price of $20. That adds up to a current “unrealized loss of $16.4 billion,” writes Woodhill.

“GM is unlikely to hit the wall before the election, but, given current trends, the company could easily do so again before the end of a second Obama term.”

#152 First Wave Boomer on 08.19.12 at 2:35 am

Ozzie Jurock on CKNW moneytalks Saturday Aug 18 8:30am to 10am claims that overseas buyers, Europeans, Middle eastern and Ham are absorbing the overbuilding in condos as investments. Last week it was about inflation keeping prices high or even higher.

We should therefore conclude that any drop in prices will only be temporary.

#153 cynically on 08.19.12 at 3:27 am

Tony #49, I don’t think you meant race in referring to the French in Quebec. Race refers to a biological difference of mankind – white, black, mongoloid. Thank you #119 Junius for correcting truth hammer regarding Paul Ryan. I’m afraid it is to no avail as tt doesn’t want to hear the truth. Ryan just got caught in a big lie this past friday but he, like all good pols, blamed it on his handlers of the time but he’ll never catch up to his boss, Mitt the mendacious one, although further scrutiny will turn up more Democratic ammo.

#154 drydock on 08.19.12 at 5:01 am

Is “The Move” #137 etc the same “The Move” from Fusilli
Gerry episode of Seinfeld?
Just wondering.

#155 siddelly on 08.19.12 at 7:59 am

#138 LS in Arbutus

I am both a landlord and a renter, so I can see both sides of it.

After seeing my grandparents home at the end of Scenic Highway on Capital Hill demolished, and converted to Burnaby parkland, I can say that I now believe that we are all just renters in the end. Like another poster mentioned, it doesn’t last long so enjoy it while you can.

#156 Younger wife on 08.19.12 at 8:31 am

To the older guys who think they scored by getting a much younger wife – do not kid yourself. I was 26 when I married my then 42 years old husband. We had it all and it was great. Not so much nowadays, now that I am still active and attractive 43 and he is pushing 60. Different activity levels, separate interests, separate bedrooms… This is where most of you are heading…this or divorce when you hit this magic cannot get it up anymore age…

#157 cropgrower on 08.19.12 at 8:48 am

you city people and your dogs….breaks me up…hahaha

#158 Younger wife on 08.19.12 at 8:48 am

Oh, and by the way, I am the one with the career providing for the family, which just gives me more incentive to contemplate the divorce compared to financially dependent women. So be careful what you wish for.

#159 TurnerNation on 08.19.12 at 9:08 am

Hey, our forum host is once again on the Howe Street radio rag!

http://talkdigitalnetwork.com/2012/08/this-week-in-money-45/?

•Garth Turner – Real Estate.
•David Galland – US crop crisis.
•Tim Wood – Dow Theory.

Upcoming Guests | Listen Now »

#160 thinker on 08.19.12 at 9:27 am

Garth, before you actually go all about these assignments – what % of sales does this market actually represent? And why wouldn’t the specker just wait before taking a loss on an assignment? It’s seems as a good way to check where a project is trading, however I don’t believe in anyway is the assignment market indicating weakness or large volume.

#161 TurnerNation on 08.19.12 at 9:40 am

Canadian Watchdog/blogdog.

Very nice. Everyone wishing to be a Young King or Queen!! Buying the trendy $400,000 1 bedroom downtown condo in the Centre of town by the Lake. I’m playing off the largest words in the picture.

#162 Spiltbongwater on 08.19.12 at 9:58 am

#156 Younger wife on 08.19.12 at 8:31 am
attractive and 43 do not belong in the same sentence.

#163 AprilNewwest on 08.19.12 at 10:26 am

Don’t believe Ozzie Jurock. I know he’s a real estate analyst but he does buy up apartment buildings to sell for a profit. Garth may address Jurock’s claims on Mon evening.

#164 Daisy Mae on 08.19.12 at 10:37 am

#145 John: “Jim Flaherty is like the consierge to a condo. He has no power at all. Neither does Carney…and Harper even less.”

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

I disagree. These three have unlimited power in Canada. And they have, of course, made many stupid decisions that we will all pay for.

They are being INFLUENCED by other world powers.

And none of these world leaders have minds of their own…hence, the global mess we’re in.

#165 eaglebay - Parksville on 08.19.12 at 10:48 am

“#141 45north on 08.18.12 at 10:32 pm
Tony: The French race is dying out three times faster than the white race.

what!

http://en.wikipedia.org/wiki/Battle_of_Hastings

funny that DNA , are you sure that you aren’t pure laine?”
______________

Excellent and smart reply.
Tony is probably Italian. What would he know.

#166 dradak1 on 08.19.12 at 10:52 am

” #139 a prairie dawg on 08.18.12 at 10:13 pm

#135 dradak1

At list he has a courage to express himself – people like you (living under the rock) still thinking that earth is flat. :-(

– — –

You have no idea who I am or what I know. Much less, what I believe.

Your whole premise is weak. Buzz off goof.”

Not hard to guess – one primitive …

BTW – U don’t know either – who he is and who I am. Educate yourself and learn what is going on around your shrinking backyard.

#167 eaglebay - Parksville on 08.19.12 at 11:01 am

#158 Younger wife on 08.19.12 at 8:48 am
“pushing 60 and can’t get it up anymore”
______________

Honey, this is more than an age problem.
Look at yourself in the mirror.
Ever heard of Viagra or Cialis in the case of a physical disability.

#168 John on 08.19.12 at 11:17 am

Daisy Mae wrote:

“#145 John: “Jim Flaherty is like the consierge to a condo. He has no power at all. Neither does Carney…and Harper even less.”

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

I disagree. These three have unlimited power in Canada. And they have, of course, made many stupid decisions that we will all pay for.

They are being INFLUENCED by other world powers.

And none of these world leaders have minds of their own…hence, the global mess we’re in.”
——

This is an outstanding comment to get perspective on the “Flaherty-Carney-Harper” headfake.

Most people ( when faced with the facts…especially ghe reality of what it means that Flaherty-Carney-Harper don’t have real power) will turn to jibberish circular emotional arguments. And then descend into rock hard denial. This was the first case I was referring to: You simply put up a respectful boundary and let the person continue in their fantasy.

Notice how the arguments never go anywhere. Go over to Australia. Lots of folks would contend the same thing as this poster. How odd would it look. Oh those Australian heads of state and the central bank…look at the MESS they made.

Maybe 2% of people in Canada would even know their names. But the POWER and DECISIONS…and how they have NO MINDS OF THEIR OWN.

My point? Talk about the Canadian real estate bubble. If you talk of Harper-Carney-Flaherty you might be on the front porch dropping off junk mail, but you’re certainly not in the house.

Daisy Mae said: “None of these world leaders have minds of their own, hence the global mess we’re in.”

That statement is for the catatonic and is the mainstream media….meaning you are not at all informed about the real estate bubble.

How can something like that be put “nicely”? Why would it matter? What’s going on is quite serious.

You struck out.

#169 Younger wife on 08.19.12 at 11:31 am

RE: Look at yourself in the mirror.
Ever heard of Viagra or Cialis in the case of a physical disability.

Oh believe me, I am fine looking. You missed the point – I am not turned on by a 60 years old. Of course, there are other values too – family, friendship, companionship. My point is there is a price for everything you might perceive as lucky at the time.

#170 dradak1 on 08.19.12 at 11:32 am

” #164 Daisy Mae on 08.19.12 at 10:37 am

#145 John: “Jim Flaherty is like the consierge to a condo. He has no power at all. Neither does Carney…and Harper even less.”

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

I disagree. These three have unlimited power in Canada. And they have, of course, made many stupid decisions that we will all pay for.

They are being INFLUENCED by other world powers.

And none of these world leaders have minds of their own…hence, the global mess we’re in.”

Right ON – U tuck my words. :-)

#171 Younger wife on 08.19.12 at 11:32 am

RE: attractive and 43 do not belong in the same sentence.

And 60 and sexy does?

#172 TurnerNation on 08.19.12 at 11:42 am

Is today’s weblog entry sponsored by http://www.cougarlife.com ?

I predict, Canada’s coming economic problem will be caused not by a Productivity gap but by a Potential gap.

When you have scads of new university grads cashiering groceries and pouring coffees, where’s their potential headed? Until we accept the new (low) global skilled worker wage standards – Harper’s focus, natch – companies will continue with their outsourcing. This will be sold to us, make no mistake.

H&R Block US sends tax returns overseas. Why pay a university grad or accountant US wages?

#173 donald trump on 08.19.12 at 11:57 am

But Lou Berkovits the realestate king og toronto says real estate isn,t gonna drop its hot in toronto!

#174 Susan from London area on 08.19.12 at 12:18 pm

Okay so truth is I’m a pet owner Victorian Bulldogs love them to death they make me laugh everyday. I’m a Landlord, had the application forms, did all the checks, credit rating, criminal, references, if they passed a well executed tenancy agreement was signed with a clause referring to pets. Had my real estate licence so fully understand tenancy agreements. The thing is if a tenant wants to sneak in a cute little puppy they been wanting and couldn’t resist, it’s not a simple solution getting the tenant out. Like I expressed earlier by the time I did get the tenant out the damage was done. A bad landlord I am not, I address every issue immediately because when I get a good tenant I want to keep them. Once you cover all the basis you hope your tenant will obey the lease agreement. If their puppy lust overtakes them, there is nothing left to do but follow a procedure, or bargain your way out of the mess. In Ontario you can only collect last months rent not damage deposit last time I looked. But the blogger with the idea of tenancy pet insurance that’s a knew one for me and worth looking into, I wonder how hard it is to collect. Over the past 12 years and 5 units I had only 3 bad pet experiences, but costly ones. I’ve recently sold the 4plex, and renting the 1 small country property to downsize into someday, yup right outside of London. To which I will protect myself from other peoples pets.

#175 Junius on 08.19.12 at 12:19 pm

#145 John,

You are wrong. The Conservatives stoked the Canadian housing bubble. This is a fact.

There are macro economic factors at play as you suggest but not every country added to the fuel through specific policies – Germany is the best example. Here is a good article by Michael Laxer that makes the case against the Conservatives specific policies that contributed to the creation of the bubble:

http://www.canadabubble.com/bubble-watch/2407-a-nightmare-on-main-st-the-cmhc-and-the-canadian-housing-bubble.html

#176 anti-enabler on 08.19.12 at 12:27 pm

Lets get some things really straight. Clear. I own a piece of real estate. Its MINE. I paid for I own it. If I want to rent it out, I get to decide who gets to rent it and also I make all the rules about the tenancy. If you don’t like my rules you have a choice, don’t rent from me.

If I say no pets, no smoking and you don’t like that. DON’T RENT FROM ME. You have other options. Use them.

I don’t get the complaining here about this issue. There is no issue. My rental is NOT government housing. Its a private business which is allowed to make its own rules – within the law.

Oh and for the record, if you own a dog its a decision that you’ve made for yourself. Own that decision or put the dog up for adoption. Stop pretending you are surprised that a lot of places don’t accept Pets. Buy your own place, or give your dog away or SHUT UP and deal with the situation the YOU have decided to put yourself in.

Just in case you think I’m a pet hating jerk slumlord. We have one dog and one cat. We love them both and they spend most of their time in the house. We have 4 rental properties and all of them have tenants that have lived their for more than 5 years.

#177 Vancouverite on 08.19.12 at 12:45 pm

http://business.financialpost.com/2012/08/17/home-ownership-in-canada-reaching-new-heights/

Home ownership in Canada reaching new heights

With home-ownership rates headed for record levels and the federal government tightening lending rules to cool the market, the question now is whether we have reached the saturation point.

#178 Gordie Canuk on 08.19.12 at 12:59 pm

#162 Spiltbongwater….

So you don’t think a woman can be attractive at 43??? Is that because you will never be regardless of the page on the calendar?

Check out these MILFs…Mature intelligent ladies to feature by the Toronto Sun’s Mike Strobel.

http://www.torontosun.com/2012/06/26/strobel-canadian-moonlight

#179 Babblemaster on 08.19.12 at 1:02 pm

#145 John

I did catch that comment of Angela Merkle’s regarding the admirable fiscal job Canada is doing and the solidity of the Canadian banking system. That made me angry. Why, because the MSM reports it and everyone laps it up as the obvious truth. Any contrarian comments to this mass delusion of vaunted Canadian fiscal responsibility get you a strange stare (at the very least). Given the information we all have available, it should be blatantly obvious to everyone that there are serious issues with the Canadian fiscal system.

Regarding the international aspect of the housing bubble, certainly there were many offshore factors that have contributed to the whole financial fiasco of 2008, but that doesn’t mean that there weren’t any Canadian home-grown factors. CMHC and the resultant relaxed lending standards are prime factors and they are definitely a Harper and Flaherty contribution.

However, I do agree that no one will be held accountable and everyone will deny culpability. In the US they said, amongst other things, that, “no one could have seen this coming.” Greenscam himself says said it wasn’t his fault and remains non-apologetic about non-existent banking regulations. And, let’s not ignore the fact that, four years later, no one has been prosecuted for the MBS scams.

Regarding the global dynamic and the Canadian RE bubble; many other developed countries did not experience a bubble.

I still say Flaherty and Harper are the major suspects in this coming fiasco. And, of course, Harper is happy to accept Merkle’s accolades regarding the fine Canadian performance as personal credit. However, when things finally blow, he will blame global factors beyond his control.

#180 Victor on 08.19.12 at 1:36 pm

#156 Younger wife on 08.19.12 at 8:31 am

To the older guys who think they scored by getting a much younger wife – do not kid yourself. I was 26 when I married my then 42 years old husband. We had it all and it was great. Not so much nowadays, now that I am still active and attractive 43 and he is pushing 60. Different activity levels, separate interests, separate bedrooms… This is where most of you are heading…this or divorce when you hit this magic cannot get it up anymore age…

===========

You didn’t follow the formula: Divide a man’s age by 2 and then add 7. That is a man’s cut-off number when seeking a mate.

Your husband’s cut-off should have been 28. He erred by 2 years, hence the parting of ways.

For what it’s worth, I’m 42 and my wife is 31. I’m active, fit and take care of myself better than most and our first 5 years together have been great. We married for love and share similar values and interests — the fact that she’s young was only a factor for me since I wanted a family (which we now have), and most women in my age group at that time weren’t on that track.

#181 prairie gal on 08.19.12 at 2:14 pm

Hm, I am 38 and my significant other is 54. Anyone have a problem with that?

#182 CalgaryRocks on 08.19.12 at 2:19 pm

#147 Uki on 08.18.12 at 11:50 pm
to #105 DAFFY DUCK: You did not get it. We are not pet haters. I don’t hate pets.
I like dogs very much. But I don’t want to ride elevator with a dogs urine smell

You like dogs as a source of protein? Doesn’t seem like you enjoy them as pets. Personally I don’t like kids running around screaming like they own the place. Or what about people who cook food that makes the whole apartment complex smell like a 3rd world backwater.

You see, if you rent, there’s always something to hate if you put your mind to it. You can always buy a house or live deep in the woods if you’re so fussy that seeing a dog will make you want to move out.

#183 Old Man on 08.19.12 at 2:20 pm

#176 methinks you protest too much, but agree with some items.

#184 bill on 08.19.12 at 2:30 pm

”We’re talking about domesticated animals here.”
I am well aware of what a ‘domesticated ‘ dog can do when it gathers in a pack with other domesticated dogs and starts to hunt anything that runs away from them.
an incident I remember quite clearly one night at the end of my shift involved a pack of ‘domesticated dogs with an assortment of sizes ,five or six of them, from small to large. running up the tracks by hudson and marine in marpole.
pretending that they were wolves ,I guess.
another incident I recall clearly is when a couple of dogs from our neighbourhood in oakridge came on to our property and tore my mothers much smaller dog to shreds.
as a matter of policy we dont rent to people with wolves.

#185 truth hammer on 08.19.12 at 2:33 pm

#141 45N…The Politically Correct Liberal Wacko’s from the Past ( the official name of the new liberal party of Canada) have been trained to bark like seals at feeding time when they get to use the word ‘race’ against a detractor in any argument it’s their favorite ad hominem because the Trudeau Charter of Tears intoduced gag laws against anyone speaking the word except to defend Liberal ideology.

Under the Liberals there were gag laws against free speech of every kind…..free speech was not conducive to the national brainwashing propaganda campaign.

Screaming that anyone who didn’t agree with them was a ‘rascist’ used as a common strategy…..we had to deal with this constantly while Liberals were dictating to Canadians on issues that the majority did not like or agree with but the wacko Liberals thought was important to flush the idea of being Canadian down the toilet……which we still see used in forums where the closet Liberals can speak anonymously . Funny that no such courtesy of free speech was ever allowed under the Liberal regime.

The fact is that French is not a race it’s a language……France is not a race it’s a country.

Meanwhile can anyone imagine paying 1.68 million for a refinished garbage can such as this offering in TO?

http://life.nationalpost.com/2012/08/19/home-of-the-week-fab-prefab-is-very-green/

#186 CalgaryRocks on 08.19.12 at 2:36 pm

#178 Gordie Canuk on 08.19.12 at 12:59 pm
#162 Spiltbongwater….

So you don’t think a woman can be attractive at 43??? Is that because you will never be regardless of the page on the calendar?

Spiltbongwater spends too much time in the pastry isle at Costco, that why he/she has never seen an attractive 43 year old.

#187 robert james on 08.19.12 at 2:39 pm

# 152 First Wave Boomer. What Ozzie says is meaningless. Why the media allows a guy like this on the radio is mind boggling.. http://classactionozzie.com/

#188 Old Man on 08.19.12 at 2:49 pm

There is much debate about the younger wife which entails a complex mixture of events as one gets older, as some things in youth will die off; become boring routine; and things change with time. So let me give you the secret to ponder with a choice of a mate leading into a union of marriage, and it has nothing to do with sex, or money.

The most important incredients that fuels the passion over years of time is having common interests that can be shared together forever until death, as this alone becomes the binding force. It might be the love of collecting antiques at auction sales, fishing together, golfing, cooking, camping, boating, and the list is long.

My bottom line in this scenerio is that if you get married without common interests to fuel the passion, throughout time the end result will not be good.

#189 Dave 55 on 08.19.12 at 2:58 pm

181 prairie gal
Hm, I am 38 and my significant other is 54. Anyone have a problem with that?

not me do you have a sister??
.

#190 Jim on 08.19.12 at 3:04 pm

#9: “46 yr old guy with a 33 yr girl ? DREAM ON !”

Unusual, but not impossible. I’m 37 and my girlfriend is 25. I don’t look for age gaps, and I was honestly surprised to find someone in that age range who was such a great match. If you look older, feel older and act older your odds of attracting a much younger woman are slim (barring copious amounts of money or sugar daddy type setups).

Oddly enough, the age gap has some negative aspects. For one, she won’t be ready to have kids for a while, nor does she have much in the way of resources. She’s such a great match that those are irrelevant. Values, goals, interests, etc. I also look 30 and keep fit, which is probably essential.

#180, I’m with you.

#191 renters rule on 08.19.12 at 3:06 pm

@#147 Uki

Cats don’t stink, you do.

#192 DAFFY DUCK on 08.19.12 at 3:07 pm

#147 UKI

No you do not get it.

Hate to break your bubble but the UNIVERSE does not revolve around humans who happen to be the most stinky species around.

Animals were here first, check out history.

#193 truth hammer on 08.19.12 at 3:08 pm

BTW…Gman……the perception of the smart guys is going against your latest pronouncement that ‘gold is dead’. It would appear that the big guys….Hedge Funds, Paulson and Soros etc etc are buying paper and metal with both fists.

http://www.bloomberg.com/news/2012-08-17/gold-bulls-expand-as-billionaire-paulson-buys-metal-commodities.html

But…you’re right aren’t you on everything…..aren’t you?

I am finding that this recent contrarian behaviour of the unwashed is really working out in my favour. The more crazy scared people stampede into bond funds and fixed…the faster the equity market goes up….has the fear fix swung too far? In a market with only two components…fear and greed….we are faced with a simple choice today.

What percentage of the new direction will be gone to the pro’s before the trillions of stupid money comes flushing back in attracted by the stench of greed?

I’m planning on having a very luxurious winter in the sun…it’s shaping up to be the best in years.

#194 John on 08.19.12 at 3:20 pm

Babblemaster wrote:

“I still say Flaherty and Harper are the major suspects in this coming fiasco. And, of course, Harper is happy to accept Merkle’s accolades regarding the fine Canadian performance as personal credit. However, when things finally blow, he will blame global factors beyond his control.”
——-

I agree with much of what you said, and I’d add that politicians follow the money trail.

Sure the shift bosses made it easy to sell cheap money…but they made a partnership. Literally betting on the past: Canada stable and reliable.

I try to remember that when people elevate Flaherty-Harper-Carney to levels beyond shift bosses, there some denial in play. Usually huge denial.

The cheap money sale put out by Goldman Sachs et al isn’t Canadian. And they have been opportunists…making deals with puppets all around the world. Canada was a sweet deal.

The point is that the money trail just leads through the shift boss’s door. That’s all. The only things local about our housing bubble are the politcal dynamics of a non-representative democracy.

That said, people get the government they deserve. How many people who “bought in” before the derivatives backed run-up scheme think they have “money”?

Lots. Thus the overplay on Flaherty-Carney-Harper. That’s how the power perception game is played: Working backwards. How much skin you have in the game decides “who’s to blame”.

It doesn’t matter if Harper-Flaherty buy puppet Merkel’s praise…or if they blame global factors when this evolves into a dog’s breakfast.

Even if they hadn’t sold cheap money, the same thing would have happened anyway…just not as extreme.

People want to believe in sovereign nations acting on behalf of their citizens…elected to represent those citizens. I’d say that’s very reasonable.

But it’s not reality. Put it this way…the way the system is set up, no matter who was “in charge”, the outcome is the same.

Sure…they are responsible for holding open the gate…but what does that mean. Nothing. You’d have to have accountability built into the system for it to mean anything. SYSTEMICALLY it is not.

I don’t see you including this enough in your analysis. At some level you are still working backwards from a scenario that in truth does not exist. Giving it way too much weight. Harper is going to be right when he claims “global factors” ( not that it matters what he says).

Solution? ( regardless)…personal responsibility and community. But how can we get there if we don’t even admit the nature of our current reality?

#195 Industrial Guy on 08.19.12 at 3:32 pm

Hello Cramar.
Are these mobile homes in AMHERSTBURG?
All under $75,000 ….
MLS®: 1207522
MLS® 120835o
MLS® 1207423

#196 45north on 08.19.12 at 4:18 pm

Structural change only salvation for Ornge

http://www.ottawasun.com/2012/08/18/structural-change-only-salvation-for-ornge

why have a government agency just so it can misspell orange?

#197 TurnerNation on 08.19.12 at 4:40 pm

Today’s posters are certainly following the advice!! Bikes, Babes and Balanced Portfolios. Well done.
Many have snagged a much younger mate.

#198 Old Man on 08.19.12 at 4:44 pm

Anytime money becomes cheap it is nothing more than bait with an agenda to boost up a political agenda which happened in Canada, and the first move was to deregulate the mortgage market. Why? To rig the GDP to make things look good going into a future election to fool the masses with prosperity with economic spinoffs; all is well in Canada under our Reform leadership.

This move to deregulate the mortgage market fueled the bubble, and was a disaster which is going to unfold soon, and it will not be pretty. Once elected what happened? They changed hats with warnings, and changed the rules like a shell game to protect their asses. You were all conned into a horny frenzy to get on the gravy train with Real Estate. It was a political crap game, and most up you suckers rolled the dice, and will lose all.

#199 jess on 08.19.12 at 5:08 pm

http://www.nasaa.org/5866/self-directed-iras-and-the-risk-of-fraud/
Self-Directed IRAs and the Risk of Fraud

…”According to a 2011 report by the Investment Company Institute, U.S. investors held approximately $4.7 trillion in IRAs. Estimates from various sources approximate that investors’ hold 2 percent, or $94 billion, of IRA retirement funds in self-directed IRAs. The large amount of money held in self-directed IRAs makes them attractive targets for fraud promoters. Fraud promoters also may target other types of retirement accounts by attempting to lure investors into transferring money from those accounts to new self-directed IRAs in order to participate in the fraud promoter’s scheme.

In particular, fraud promoters who want to engage in Ponzi schemes or other fraudulent conduct may exploit self-directed IRAs because they permit investors to hold unregistered securities and the custodians or trustees of these accounts likely have not investigated the securities or the background of the promoter. There are a number of ways that fraud promoters may use these weaknesses and misperceptions to perpetrate a fraud on unsuspecting investors. For example:

http://www.nasaa.org/5866/self-directed-iras-and-the-risk-of-fraud/

recent examples
Texas v. Warr Investment Group, LLC, et al. (Texas)

Mr. Gwin promoted his million-dollar scam through free-lunch investment seminars
n re: Stephen Edward Gwin, et al. (Missouri)

State v. Smith (24C02-1102-FB-00044) and State v. Snelling (24C02-1102-FB-00046) (Indiana)

SEC v. Durmaz

SEC v. United American Ventures
….
crowded out ?
BUSINESS
In China, shipbuilders languish after bubble bursts
August 3, 2012 | By David Pierson, Los Angeles Times
YUEQING, China

#200 Junius on 08.19.12 at 6:07 pm

#194 John,

What a load of nonsense. Blame the people for taking the loans? Give me a break.

The action by the Conservatives was a deliberate policy decision to stoke the economy by extending the CMHC guarantees to the banks in order to make more aggressive loans. This was negligent and it will hurt Canada over the coming years. Your arguments are vacuous and unsupported by the evidence.

Remember that they kept making these changes in Canada after the US situation had become clear. They knew or should have known what they were doing.

Stop being so apologetic for such an obvious breach of government responsibility and poor leadership.

#201 jess on 08.19.12 at 6:21 pm

..”Volos is suffering because of corruption at the very top,’ says Nikos Papageourgious, a former science teacher. ‘Politicians aren’t playing by their own rules but they force us to pay for their greed. Who will invest in our country now if our government does nothing about tackling corruption and accepts kickbacks for contracts?’

He points to the Siemens scandal as an example of such top-down corruption: two years ago, German company Siemens was found to have been paying bribes to over a dozen cabinet ministers over a decade. The Greek government reached a €270m settlement with the company – but none of the ministers has been punished.

Many ordinary Greeks believe that corruption is endemic among tax officials, and despite widespread reporting of large tax evasion scandals, those responsible have similarly escaped punishment. If the rich won’t pay their taxes, the thinking goes, then why should we?
….
Analysis: A portrait of a Greek city in crisis
August 17th, 2012 | by Georgia Hanias |

http://www.thebureauinvestigates.com/2012/08/17/analysis-a-portrait-of-a-greek-city-in-crisis/

=========
orange juice : to orange juice
The Bureau’s latest investigation reveals that the European Commission has spent millions of taxpayers’ money on private jet travel, luxury resorts, parties and expensive presents. Our investigation shows that Commissioners were travelling by private jet and handing out gifts of Tiffany jewellery to guests as Europeans faced budget cuts and IMF bailouts.

The figures

Research by The Bureau of Investigative Journalism can reveal:
http://www.thebureauinvestigates.com/2011/06/01/eu-commission-spends-millions-on-luxuries/

#202 Canada Watchdog on 08.19.12 at 6:23 pm

$14 million dollar McMansion in Bridal Path Toronto, foreclosed.

Next…

#203 Molokai on 08.19.12 at 7:14 pm

Big dogs are better trained and usually less hyper. They don’t need a house, they aren’t exactly going to use the den, office or spare bedroom, they usually just hangout within 10 feet from where their owner is…..I hate that size restriction rule, it’s ridiculous.

I’d rather rent my place to the owner of a Great Dane or Bernese Mountain dog than a hyper Jack russel or yappy chihuahua.

Id never have carpets in a rental unit, that’s just gross

#204 Nostradamus Le Mad Vlad on 08.19.12 at 7:29 pm


Never mind depop., CDS, derivatives or gold backed currencies, a far more interesting topic is Adam and Eve.
*
Rothschild Like Soros in the early ’90s, who shorted the Brit. pound and ended up pocketing a billion pounds for his trouble; 6:39 clip 12 ways a community can be economically tough; Corporate America is killing America; GM Another recall, another bailout? N’Orleans and Thunderstorms “That will mean water pouring into that sinkhole, eroding the sides and accelerating its collapse.” wrh.com, and Butane; Greece “And much of that crippling debt arose from fraud by Goldman Sachs when it aided Papendrious in concealing Greece’s debt with currency swaps and only made the Greek debt problem worse.” wrh.com; India and Russia Major defense deal; US reliance on SArabian Oil goes back up again; The Fourth Reich Good reason why it’s called that; NY food banks expecting cuts as hunger grows.
*
Hmmm. “Shade – The Motion Picture IS that warning. The movie outlines in vivid, well-documented detail the plan of the global elite to reduce the world’s population down to 1 billion people.”; Alternative Media That’s this site; Romney and Bain From john McCain; Google Deliberate censorship of vitamins etc., or a cock-up? The Guardian has gone bonkers; Syria Russia rejects no fly zones; Rise of the Machines Probably means humanity’s done for; US and allies Breaking international laws; Odammit “Two days after Arizona Gov. Jan Brewer declared her state won’t confer driver’s licenses and other state benefits to newly-documented immigrants under Obama’s “deferred action” immigration policy, Nebraska, too, put its foot down.”; Drug dealers in Brazil ban sale of crack. Would the upcoming Olympics have anything to do with this?

#205 Daisy Mae on 08.19.12 at 8:04 pm

#168 John: “That statement is for the catatonic and is the mainstream media….meaning you are not at all informed about the real estate bubble.

How can something like that be put “nicely”? Why would it matter? What’s going on is quite serious.

You struck out.”

*********

I have absolutely no idea what you’re babbling about….

#206 cynically on 08.19.12 at 8:52 pm

#205 Daisy Mae – #168 John is babbling to himself. It’s his middle name – John Babbling Brook. Just a play on words-a pun! Okay I’ve got too much time on my hands. We need some kind of levity among all the serious postings and sometimes angry postings.

#207 Westernman on 08.19.12 at 9:00 pm

Junius @ # 200
” What a load of nonsense. Blame the people for taking the loans?”
How absurd… imagine expecting people to be be cogniscent of finances and taken some kind of personal responsibility for their own decisions? How Un-Canadian like!
We must all depend on government to direct the way for us from cradle to grave and to protect us from ourselves at all times. That’s the Canadian way…
Remember Comrade Canadians – we are just one more government agency and regulation away from prosperity…

#208 Gunboat Denier on 08.19.12 at 9:09 pm

Younger wife – menopause may help even things out for
you.

#209 Junius on 08.19.12 at 9:18 pm

#205 Daisy Mae,

He speaks in banalities and contradictions. There is no understanding of the credit bubble as a long term economic policy and the fact that the only solution so far has been to try and reflate it.

The fact that he does not understand that the core problem is that the policy is literally bankrupt and our leaders are incapable of grasping that it cannot be fixed.

#210 Junius on 08.19.12 at 9:23 pm

#207 Westernman,

I do not suggest that people should not take personal responsibility for their actions. However when the government creates policies that influence people to take loans do you not think the government bears more responsibility when this goes bad.

Are you actually defending a government policy that directly intervened to thwart the free market? What a hypocrite are you now!

#211 disciple on 08.19.12 at 9:24 pm

Thanks Nostra. I am almost certain that Paul Ryan is Jake Gyllenhaal. I was waiting for Ledger’s buddy to make his appearance. …

#212 Babblemaster on 08.19.12 at 9:25 pm

#194 John

You’ve made some good points:

– Politicians follow the money trail.
– Politicians have limited power and are essentially shift bosses that answer to others who placed them in power.
– The system is corrupt and is no accountability built into it.
– Bay Street and Wall Street manipulating the system are bigger factors than the politicians.

All of this has much truth to it. So far, so good, but you also state that the people get the government they deserve. Well, if it’s a rigged game and it doesn’t matter who’s in power, then how can you hold the electorate accountable for the government they chose if it doesn’t matter whom they chose?

Personally, I often make involuntary retching sounds when I go vote and see my available choices on the ballot.

As a solution, you propose that we first admit the nature of our current reality and it’s futility. Then we are to take personal responsibility and strive for a better community. To that, I can only say, it simply isn’t human nature. If people see cheap and easy money and they see others taking advantage of it, they’ll be very tempted to take advantage also. That’s reality. Harper and his team definitely made the money easy and they made it cheap also. They’re responsible, even they are not accountable.

#213 John on 08.19.12 at 9:26 pm

Junius wrote:

“#194 John,

What a load of nonsense. Blame the people for taking the loans? Give me a break.

The action by the Conservatives was a deliberate policy decision to stoke the economy by extending the CMHC guarantees to the banks in order to make more aggressive loans. This was negligent and it will hurt Canada over the coming years. Your arguments are vacuous and unsupported by the evidence.

Remember that they kept making these changes in Canada after the US situation had become clear. They knew or should have known what they were doing.

Stop being so apologetic for such an obvious breach of government responsibility and poor leadership.”
———-

This is a bit odd. I agree what you said about the Conservatives…but there’s a vacuum in your understanding: Global derivatives and the banking cartels.

As a result of leaving out the cause of the Canadian real estate bubble ( the sale of cheap money by an international cartel), you do not have a possibility of knowing what’s happening.

To say there is no “evidence”? Where isn’t there evidence? You are an example of someone who politely gets the boundary and is sent back to fantasy land where your beliefs remain intact.

It’s so “out there” what you’re saying, that it would be like standing in front of a burning building and claiming it’s not on fire.

And you mean it. You’re serious. That’s how they got away with the Canadian caper in the first place.

You don’t have an argument. A lot of people know exactly what is being referred to here by the way. And say nothing.

#214 Jen on 08.20.12 at 3:45 pm

@Mnbv, who will never accept pets.

What’s the problem? Just make tenants pay a pet deposit that will cover your cleaning.

Rents in Vancouver are obscenely expensive, and there is low availability, plus no pet policy in most places. I bet it really is one of the reasons people buy. For someone who bought 5 years ago and paid off a big chunk, it’s not worth it to sell and pay twice more in rent. That is if they intend to stay in Moldville.

#215 Jen on 08.20.12 at 3:46 pm

Or better, yet, Mnbv, change your old carpets to laminate and increase the rent. Problem solved.

Personally, I would never rent a place with carpet.

#216 El Flamo on 08.20.12 at 8:39 pm

Prediction: Calgary real estate (specifically, single-family detached homes) drop no more than 5% over the next year, and no more than 7-10% over the next 10. Sorry, but it is different here. Wages are higher and in-line with housing, debt is in control, oil isn’t going anywhere in the long (or short) term, but up.

If $500,000 houses in Tuscany, etc. start going for $390,000 (approx. a 30% drop), and the $375,000 houses start going for $288,000, I’ll eat my hat.*

* By ‘eat my hat’ I mean I will drink a beer.

Everyone on this site is house horny. The difference is most are cheap (that’s a good thing, in moderation). But don’t fool yourselves: you’re still house horny.

#217 Uki on 08.20.12 at 9:31 pm

#182 – accused me of eating dogs and compare kids to pets.
We do not eat dogs in Europe and we respect kids more then any pets.
#191 – said I stink without knowing me. I take shower every day ( twice a day in a summer ).
#192 – “humans most stinky species around”, no comments

Pet owners turned to be most agressive people. Hmm …
Looks like psychological problem to me.

#218 Click Here, its different on 08.20.12 at 11:39 pm

While visiting us 2 days ago, Angela Merkel “praised Canada’s budget discipline, promotion of economic growth and ->“not living on borrowed money”<- as models for the 17-nation euro region".

German sense of humor is strange but I like it …

Unless she is serious ..? Nah, shes not …

#219 Nefertiti on 08.21.12 at 9:34 am

#22 John in Mtl
+1 – The big issue is not longer separation, it’s that debt! Who will have the courage to chop into those ridiculous pension plans some have, while the rest of us scrape the bottom of our drawers for our own savings? I’m afraid no one will until the cities go bankrupt. Those issues are everywhere in the world: boomers paid themselves well with the countries’ credit cards, and now they tell the kids to shut up and pay up their debt? I don’t think so…

#88 truth hammer
Your assessment of Quebec City is so off it’s obvious you talk out of your a$$; this city is by far the most conservative/right-wing area in the entire province! They always elect the very few conservatives reps from the province, and they never vote for the PLQ, let alone the PQ! They used to vote ADQ, but now that it’s been absorbed by the CAQ, they will massively vote CAQ.

On the other hand, Mtl is heavily Liberal due to the anglophone and allophones vote (they feel they have no other option, but the CAQ is slowly swaying them). It’s the rest of the province that massively vote for PQ. Then again, a vote for the PQ does not always mean being separatist; this question seems to be on the mind of Canada more than it is on ours. The problem is we’ve had 9 years of Liberals and we just can’t take anymore of their corruption, bad management, and them taxing everyone on an equal foot, whether you make 30k or 100k. Talking about separatism is akin to waving an old scarecrow; merely an attempt from others to dissuade the PQ vote. They’ve been in power before, and they won’t make a referendum unless they think they can pull it off. And they can’t, so they won’t! This is NOT 1995 anymore.

The concept of separation has never been this unpopular in decades, and as the last elections have shown (we elected over 40 NDP members, and Bloc has crumbled to merely 4 members), the question of being independent is no longer relevant to most here. We are joining the nationalist fold (way more than the rest of Canada would like to believe) and we want to make sure the “values” we see in Canada are being carried out. We just don’t see ourselves in the conservatives, which we associate with the rednecks and the cowboys and to us this is not Canada. This is why we voted NDP; we’re merely trying to give back to Canada its good name, the values most of us share in this country, and restore the good reputation we used to have everywhere else in the world.

And being a francophone does not make us aliens; we have a different culture and a different language (blame history), but that’s about it. The values are pretty much the same, and yes, we’re Canadians as well, whether you like it or not.