Be prepared

WALKER modified

Without mentioning Nine Eleven again (actually, never again), a few more thoughts on tax shelters, then a brief update on BucketHead, my dog.

Why you should borrow money.
Nope, not to get something venal like a vacation or hair plugs, but to put money into an RRSP before the deadline (Leap day – February 29th). Here’s how an RRSP loan works: borrow $10,000 and the bank will probably give you a cheap rate (ask for 2.75%). The lender will also provide a grace period of three or four months before a payment’s due – time for your tax refund to be processed. So, if you earn a hundred grand, you’ll be getting about $3,800 back. Use that to pay down the loan. Now you owe only $6,200, and yet have $10,000 in your plan. The interest is not deductible, but amounts to just $170 a year. Pfft.

Always marry someone richer than you…
That way they can open a spousal RRSP, since they likely have a higher income. Simply put, the person earning more contributes to a spousal instead up to their own limit and deducts that from their own taxable income. After three years the money belongs to the other person, who can withdraw it and pay less tax than the spouse saved. Presto. Income-splitting. (The spouse making the big money should do the RRSP thing while the other income, if possible, is used for TFSAs.) This works great for a mat leave, so always ensure you delay pregnancy until the maturation of the spousal plan. Click on my name for a fertility calculator.

…who has a fat pension.
Spousal plans are also a must for those hated people with juicy, government-like defined benefit pension plans. They usually have reduced RRSP room, but every sous of it should be shoved into a spousal, assuming your mate is not another pampered bureaucrat. That way you’re able to fully milk the deduction, reduce your taxable income and shift this wealth to your spouse for later enjoyment. Collapsing the RRSP in retirement will not up you into a higher tax bracket and thus further enrage your friends.

Be mindful of the Old People’s dole.
Technically it’s called CPP and OAS, but to the moisters who want the Boomers to die a slow death of starvation and polar bear baiting on an ice floe, it’s pogey. After all (they cry), why should wrinklies get free money from Ottawa when their spawn can hardly afford a first home costing $800,000? Let’s get our priorities straight! However, if you’re an old fart, or ever plan on aging in the future, understand the huge difference between an RRSP and a TFSA. The former defers tax and the latter eliminates it. So at age 71 all retirement plans turn into taxable cash or must be changed into an income-producing RRIF. That income (starting at more than 5% of the total per year) is dumped atop other earnings and can push your tax rate significantly higher. Bummer. But the same income flowing from a TFSA is not counted. No higher taxes. No clawback of the federal pogey. You can have it all. Irritating your entitled kids is just the icing.

Your mortgage & your RRSP.
Normally this is an exciting idea – making mortgage payments on your own house into your own RRSP and giving the bank the finger. But not now. Mortgages are too cheap, and an RRSP mortgage must be set up at a ‘market rate’ or the CRA will crush it. With five-year fixed loans in the 2.5% range, this is not exactly a great return, especially when you factor in the set-up and administrative costs. The loan must be admined by an arm’s-length institution. It has to be CMHC-insured. It must be lawyered. It’s a lot of work and expense to go through to make a GIC-type return. So, wait.

BUCKET HEAD modified

A number of kind people have asked about Bandit in the two weeks since my hairy beast went under the knife. He shredded the ligaments holding his knee together (it’s a common thing, sadly) leading to a Tibial Tuberosity Advancement (TTA). So now both he and I have titanium implants, which essentially makes us chick magnets.

His stitches came out today, and he’s walking like a guy with a big gun in his pocket. But the smile is back, the drugs are good and the prognosis, says his orthopaedic surgeon, is excellent. Six more weeks and he’ll be trotting perfectly, while once again looking like a cross between shag carpeting and out-of-control Q-tips.

The worst, though, is the bucket on his head, which must remain a few more days. So. Damn. Embarrassing. He resembles a satellite dish, and has learned to flip his water bowl about two feet into the air with the lip of it. All-in, that knee cost thirty-five hundred bucks. Next month he starts work at Starbucks.

239 comments ↓

#1 NotFirst on 02.04.16 at 5:44 pm

First

#2 Love my Kia on 02.04.16 at 5:50 pm

Glad to hear your cuddle muffin will be 100% soon!

#3 Paully on 02.04.16 at 5:52 pm

The dreaded “Cone of Shame!”

#4 espressobob on 02.04.16 at 5:55 pm

Bandit the Barista? And with new tamping technology.

Should be a hit with the amazons.

#5 pathcontrolmonk on 02.04.16 at 6:00 pm

Cool patio furniture! Wait, don’t you live in TO? Why is your lawn not blanketed in the white stuff? Did you melt it with a snow blower?

It was 17C yesterday. — Garth

#6 Grey Dog on 02.04.16 at 6:02 pm

Awwwww Bandit, if you behaved yourself and didn’t lick your incision like I didn’t, you would have been sprung from that horrible collar after your first day!

With spring around the corner… I’m sure you will be back chasing squirrels when all healing is complete.

#7 Simplyput7 on 02.04.16 at 6:03 pm

Glad to hear that Bandit is doing well.

#8 Julie K. on 02.04.16 at 6:04 pm

It’s OK, Bandit.

Us humans walk around with a cone around our heads too. We just don’t know it.

Get well soon.

#9 Doug t on 02.04.16 at 6:11 pm

Poor pooch – keep yer chin up

#10 macroman on 02.04.16 at 6:13 pm

MF, you are the one playing the joo card. It is so lame.

911 was a US/Saudi/Israeli op to further a MIC/neocon agenda. Neocons are predominately Christian fundaMENTALists, Wahabbi whackos and yes some have a Jewish bent.

Religion is the basis of most wars, including a really big one dead ahead, of which you are a pawn.

Cults, who needs them.

P.S. have you heard about Goog? Try entering Zim.

What does MF stand for? Massey Ferguson, MF Global, Mossad First? Nevermind, Mother Trucker

#11 Godth on 02.04.16 at 6:14 pm

You should put bandit to work mining gold.
https://www.youtube.com/watch?v=wCxJUKyHHyI

Maybe you would like to work on the recycling end of things.

#12 Mean Gene on 02.04.16 at 6:22 pm

Sporting the satellite dish like a rockstart!!!

#13 Panhead on 02.04.16 at 6:24 pm

I’ll take the TFSA any day over the TTA …

#14 Ken on 02.04.16 at 6:24 pm

Bandit doesn’t look to happy about his pic being posted online. Is he a Samoyed? Beautiful Dog..
Big Bernier at this end

#15 Retired Boomer WI on 02.04.16 at 6:24 pm

Wonderful update on Bandit. A full recovery is in store.

Good TAX advice for Canadians (not a lot translates here).

Went to my dentist for the semi-annual teeth cleaning. Seems I have a 3 tooth bridge with a bad anchor which appears to have a cracked root. Out it will come. Still awaiting the full prognosis and costs. Teeth are not covered here unless you buy dental insurance. We have it, but not sure “how much” it might cover.

Always something! Wish me luck on this one!

#16 Drill Baby Drill on 02.04.16 at 6:26 pm

Finally an untouched photo of Smoking Man.

#17 Victoria Real Estate Update on 02.04.16 at 6:27 pm

IN 2015, THE LOCAL MEDIA GAVE THE IMPRESSION THAT INCREASED NUMBERS OF BUYERS FROM ASIA WERE PUSHING PRICES HIGHER

“A continuing and growing trend in Victoria is the international buyers from Asia.” – CHEK news (August 18, 2015)

At that time I wrote about unsubstantiated claims such as this, saying that, in 2014, foreign buyers (and not just from Asia) accounted for only 1.6% of residential sales in Victoria. I also wrote that the public was being misled.

Lines like that are designed to convince locals that Victoria’s housing market would be supported by an increasing number of buyers from Asia over the next number of years and that this would push prices higher.

THE FACTS ARE OUT: WEALTHY BUYERS FROM ASIA WERE A NON-FACTOR IN VICTORIA IN 2015

Only 0.68% of residential sales in Victoria in 2015 were to buyers from Asia (see chart).

This proves that the local media gave locals a false and misleading impression in 2015 with regard to buyers from Asia. It was probably done with the intention of convincing locals that they had better buy now or be priced out since prices could only increase.

RECENT LOCAL “NEWS” SUGGESTS THAT BUYERS FROM OUTSIDE VANCOUVER ISLAND WILL CONTINUE TO HAVE A POSTIVE EFFECT ON HOUSE PRICES IN VICTORIA

More unsubstantiated “news” from the real estate friendly local media. There is no factual evidence to support this claim either.

IT”S THE MEDIA’S RESPONSIBILITY TO ADMIT THAT THEY PUBLISHED MISLEADING INFORMATION IN 2015 THAT WASN’T BACKED BY FACTS

This obviously won’t happen.

The local media has taken bias to a new level. No balance, no facts to back what they say. Only the opinion of realtors taken to be fact.

#18 Drill Baby Drill on 02.04.16 at 6:28 pm

Bandit does look like a mobile satellite dish.

#19 RoCK BEATS PAPER on 02.04.16 at 6:29 pm

I love that golden look. Hope he feels like his old self…

#20 acdel on 02.04.16 at 6:35 pm

Looks like Bandit has the same attitude as Garth, did you have to wear that bucket upon your recovery as well,ha,ha?

Good post!

#21 Smoking Man's Old Man on 02.04.16 at 6:35 pm

I live a very humble existence for the most part, mainly due to my Buddhist leaning on simplicity. Although I am in the hated 1% realm financially, I don’t see it as a way to lasting happiness, as far as acquiring things.

Having said that,today’s post illustrates one of the upsides of being financially well off. When an unforeseen financially draining circumstance occurs such as expensive pet surgeries, for example, it doesn’t create any hardship.

I imagine a lot of unfortunate pets get “put down” because people don’t have the ability to financially cope when these situations arise.

Quite sad really…

#22 not 1st on 02.04.16 at 6:38 pm

I will never open an rrsp because I don’t want one single dime of extra tax money going to geriatric fossils. In 10 years the world will be polluted with them. So tfsa is it for me.

That was your last post here. — Garth

#23 Andy on 02.04.16 at 6:38 pm

Great news about Bandit!

Much more interesting than the old financial stuff!!

#24 Chopper on 02.04.16 at 6:42 pm

Garth that $3500 could have bought lots of Tim bits for all the hundreds of Syrian refugees stranded and holed up in Toronto hotels who are complaining about the inhumane conditions Canadians have put them through. LMFAO

#25 Frank on 02.04.16 at 6:42 pm

#16

That chart isn’t from 2015. FYI, all year you spent harping about Victoria stagnant prices. Jan 2016 showed more YoY highs. I should know, my buddy just paid $750K for a 3 bed home from the 50s. Don’t worry, you’ll get it right some day.

#26 crowdedelevatorfartz on 02.04.16 at 6:44 pm

“It was 17C yesterday. — Garth”

Yesterday, the 9/11 “deniers”.
Today, the climate change “deniers”.

Godth help us all !

#27 Don Derc on 02.04.16 at 6:45 pm

-Borrow money to buy your home, but more importantly, to buy rental properties with solid long term tenants. Cool if tenant and landlord have solid jobs!

-Always marry someone richer than you – nope. Always marry someone from your own back yard!

– 9/11 was an inside job!

– and finally Bandit. My neighbor had a dog with that cone thingy too. The dog had neuticles installed and the cone prevented him from licking itself. How about a cone thingy for all Cdn voters…just saying.

– a tip of the hat to Smoking Man:

Lest we forget at least an over-the-shoulder acknowledgment to the very
first radical: from all our legends, mythology, and history (and who is to
know where mythology leaves off and history begins—or which is which),
the first radical known to man who rebelled against the establishment and
did it so effectively that he at least won his own kingdom—Lucifer.

SAUL ALINSKY

– and finally….

Panthers by 7

#28 Retired Boomer WI on 02.04.16 at 6:47 pm

Hey, Garth-

Bandit’s picture shows no snow, and green bushes?

Strange weather in the BIG Smoke, or else you were on holiday someplace warmer…

either way better than my shoveling the latest 8 inch snow fall from Tuesday.

Virtually no snow this year. — Garth

#29 Square Peg on 02.04.16 at 6:49 pm

Wouldn’t your spouse have to pay up to 30% withholding tax when they pull money out of the RRSP, plus whatever their tax rate is? It seems like that would more than counteract any tax savings based on different incomes when compared to just giving the spouse the money to put aside for maternity or whatever.

#30 broader mind on 02.04.16 at 6:50 pm

I would certainly agree that Bandit’s vet bill is the best investment Garth has ever made. Is the first photo the bearded one in future prep mode ?

#31 Andres on 02.04.16 at 6:51 pm

Oh man that 9-11 back-lash was hilarious. Suddenly everyone with access to YouTube is an expert in jet fuel, steel beams, and the physics of controlled demolitions. If it makes you feel better Garth, there’s literally no website where that wouldn’t have happened.

#32 Freedom First on 02.04.16 at 6:52 pm

Imposter!
That previous post wasn’t mine.
I was too busy admiring myself and patting myself.

#33 lore on 02.04.16 at 6:55 pm

“Entrepreneurs actually do monetary calculation. This fact puts entrepreneurs at the center of all progress (and failure). This market test of entrepreneurial skills is the only process of trial and error that really matters.” I don’t have a pension, or much debt..the debt being mortgage on brick and mortar part of business enterprise. Started with nothing, no higher parents…they were DP’s, off the boat in ’49. But same idea as investing in the market..live frugally, keep the money in the business, pay bills, keep up on maintenance, and most important, cultivate the cash flow. I notice most people are not entrepreneurial..too scared when its their money on the table and you only get paid after everyone else does. No pension. Tough to be in a medium business these days..property tax, insurance , utilities, labour, c of g..up, up, up. But it has paid off. Happy here in Tofino BC…. then, there is the overhanging threat of a major subduction quake ..what we call ‘ The Big One”

#34 Sarah on 02.04.16 at 7:01 pm

I like your suggestion to borrow to invest prior to the RRSP deadline. Thanks to your advice, I opt to rent and invest in ETFs instead of purchase a house. However, this means that I don’t have access to as low an interest rate; the lowest I’ve been able to find is 4.85 via the Royal Bank of Disappointment. Apparently I’m a liability because I don’t “own” a house, even though I make six figures and have no debt or dependents.

In any case, would you still recommend borrowing to invest at a higher interest rate? At what rate is dollar cost averaging throughout the year a better choice than borrowing to invest early in the year? (Especially given we can’t predict future returns…)

#35 Lead Paint on 02.04.16 at 7:03 pm

#15 Drill Baby Drill on 02.04.16 at 6:26 pm
“Finally an untouched photo of Smoking Man.”

What a mean insult. You’re lucky Bandit can’t read.

#36 Freedom First on 02.04.16 at 7:04 pm

Yes. A dog is a mans best friend. I’m glad for Bandit. Good on you Garth. Dogs and some people make me realize I still have a heart.

#37 Sideshow Rob on 02.04.16 at 7:07 pm

#209 Noel

Seriously, believing conspiracy theories is often a precursor to full blown mental illness. If you believe 9/11 was an inside job you should talk to someone you trust about getting some therapy. See what they think.

///////////////

The holocaust was a conspiracy theory among my Jewish ancestors in Poland while it was happening. The stories were too ridiculous to be believed by most. Lots of tin foil hat jokes then too. Those who panicked first panicked best. But by all means keep on with your smug mental wellness jokes.

#38 tundra pete on 02.04.16 at 7:09 pm

Nice to see Bandit back on his feet. He looks happy and the cone will be gone in a jiffy. It’s so nice to have a friend who will always be right there, love you unquestionably and never demand anything. To hell with the economy, world and real estate when you have that !

#39 Godth on 02.04.16 at 7:10 pm

Geez, I find it hard to believe that people still believe the official conspiracy theory about 9/11 given all that can be known.

“It’s easier to fool people than to convince them that they have been fooled.”― Mark Twain

“There are times when it’s easier to fool yourself than swallow some jagged piece of reality.”― John Searles

“It is difficult to free fools from the chains they revere.”-Voltaire

“None are more hopelessly enslaved than those who falsely believe they are free.”-Johann Wolfgang von Goethe

Maybe people should read the parable of the cave by Plato. Or maybe they should read Hamlet by the spear shaker. Perhaps they should look into Operation Gladio.

When haven’t people conspired for power? Ever read some Machiavelli? Corporate espionage? No bells ringing? Overthrowing governments? Nothing comes to mind? Banana republics? The Dulles brothers? Nothing? Smedley Butler? Anyone home? How does one think the global North and global South actually works? The ignorance boggles. The naivete, the gullibility factor, the bubble of entitlement; the divorce from reality. Grow up already.

http://www.paulcraigroberts.org/2016/02/02/there-is-no-freedom-without-truth-paul-craig-roberts/

#40 down and out on 02.04.16 at 7:11 pm

Poor Bandit having to wear the cone of shame is the reason I never got a vasectomy.

#41 Brydle604 on 02.04.16 at 7:14 pm

Glad to hear Bandit is doing well.

#42 WillD on 02.04.16 at 7:18 pm

Questions for you experts:
#1. If I withdraw from my RRSP, even after 3 years, isn’t there a withholding tax?

#2. Would it be wise to keep the contribution room and contribute next year when the tax rate is higher, thus enjoying a larger benefit?

Yes & yes. — Garth

#43 Kreditanstalt on 02.04.16 at 7:19 pm

That plan would work well IF there really had been a “recovery”.

How many people earn, from non-government sources, non-government-dependent customers and without legislative, union or ‘professional qualification’ protections from competition, $100,000 a year these days?

#44 Andres on 02.04.16 at 7:20 pm

@36 Godth

The problem is that the conspiracy crowd is essentially a massive circle-jerk of uncited sources and poorly made youtube videos. People state as firm, undeniable fact that a building wouldn’t collapse that way – meanwhile, they have zero qualifications that would enable them to make such a statement.

As for your compelling quotes, I think that hits the nail on the head. All the Truthers have this belief that they’re special and everyone else is deluded and blind. There’s this really dysfunctional arrogance wherein they make arguments that aren’t actually evidence based but act like only they can see through the lies. Meanwhile, people who don’t see how a hundred story building could be primed for a controlled demolition without someone catching on are seen as the naive ones.

#45 Godth on 02.04.16 at 7:25 pm

#20 crowdedelevatorfartz on 02.04.16 at 6:44 pm

Help yourself. Practice some some self discipline and quit farting in elevators for a start. Everyone and everything are not all just externalities in an economic scheme to make you rich.

#46 fancy_pants on 02.04.16 at 7:27 pm

Glad to see Bandit is on the mend. About nine eleven, another mystery is why there was no plane wreckage at the pentagon or in the field. not a scrap bit. Also the “hole” in the pentagon was too small for a plane. You can believe what you want though. I for one trust no govt to have my back.

#47 Godth on 02.04.16 at 7:34 pm

#44 Andres on 02.04.16 at 7:20 pm

Meanwhile there are literally thousands of architects and engineers that say the official conspiracy is impossible.

There are plenty of pilots that say that the flight path taken to the pentagon is impossible.

9/11 was either the most blatant act of incompetence of every US agency from the CIA/FBI to the FAA and everyone else involved or something else was going on. There’s reams of evidence something else was going on if you choose to look. There’s plenty of chaff, but there’s plenty of wheat too.

#48 Metaxa on 02.04.16 at 7:35 pm

Always trying to help and I am a giver, not a taker:

Garth, Bandit needs to know how special he is.
So what you do is go to the craft store and buy some glitter.
I prefer the rainbow stuff, you might feel a need for simplicity…one colour.

anyway, sprinkle a teaspoon or two into his dinner.

The next day…glitter poo!

He will love it for sure.

(At least that is what I tell the next door neighbour when he rags on me about my dogs poo on his lawn…I ask him if the poo has glitter in it and he says no…I say can’t be my dog then.)

#49 Freeman on 02.04.16 at 7:37 pm

Garth: With the Canadian Dollar gaining value like a rocket, do you think that we might reach parity with the U.S. dollar by summer?

#50 rower on 02.04.16 at 7:38 pm

Happy to read that you are recovering well, Bandit. You are an absolutely adorable fluff ball. Those eyes, oh, those eyes.

#51 Chris on 02.04.16 at 7:41 pm

CAD is up to .73. This is from .69 a week ago. Wow, is that going to continue? What do you think? Can it be that too many people were shorting the CAD and the big pockets that sold those shorts are buying CAD and are forcing those shorts to zero.

#52 Warren - the lagging indicator on 02.04.16 at 7:44 pm

Glad to hear that your pet is going to be fine. He looks like a good friend to have.

#53 hope & ruin on 02.04.16 at 7:47 pm

All this talk on plans for spouses. What does somebody leading a freedom first lifestyle do?

Please don’t mention 9/11 again. It’s not often I give up on the comment section. But it was painful yesterday. Maybe we can debate the moon landing next. Or if aliens built the pyramids.

#54 Mike in the Okanagan on 02.04.16 at 7:49 pm

CPP is not dole. We kick in money every year to the plan so we can collect eventually. OAS is dole.

The distinction is important because we should NEVER income test for CPP benefit eligibility. If this was the case then contributions should be voluntary.

#55 Transplant on 02.04.16 at 7:54 pm

#25 “It was 17C yesterday. — Garth”

Yesterday, the 9/11 “deniers”.
Today, the climate change “deniers”.
———————————————

Record temperature extremes Timmins, ON for Feb. 3rd:

High: 9.8C/50F(1991)——?Warming
Low: -41.5C/-43F(1994)—–?Cooling

This is a swing of 51.3C/93F in a span of 4 years. What does it prove? Nothing except that isolated numbers are meaningless in either proving or disproving Climate Change.

Regardless of your beliefs, you discredit your argument when referring to anecdotal reports.

Garth, glad to see your furry friend Bandit is up and about. I am a regular attendee at a local medical facility that employs pet therapy as an ancillary measure and nothing evinces a universally positive, happy response as much as the therapy dogs, even in the sickest of individuals dealing with one of life’s most dreaded illnesses.

#56 The American on 02.04.16 at 7:54 pm

At #49: Freeman, I hate to break it to you… Not a chance in hell will that happen. And it won’t happen even by this time next year. Not even close.

#57 BobC on 02.04.16 at 7:55 pm

Explain bldg. 7 and I’ll believe anything you say about the rest of it.

#58 bob on 02.04.16 at 7:55 pm

Great looking dog…..

#59 Janice Jaylene on 02.04.16 at 7:57 pm

Yesterday’s post and today’s are very good points about tax deferring and tax reduction, tax shifting, TFSA’s tax free compounding.

However, doesn’t that go against the middle class, Liberal, left brainwashing that the middle class needs help and they have to tax more and more those that are financially responsible and prudent planners.

If more and more people do what you say and they achieve much more financial success and freedom, flexibility, they will be punished and shunned as the evil rich, wealthy, financial haves and not the have nots.

It just seems that the people that know doing more right things for themselves and their families are shown as the problem and not the solution. Garth and others on most on this blog know this is not true.

#60 Victorian on 02.04.16 at 7:59 pm

#16, #25

In Victoria, house not far away was a small 100 yr old junker on a 33 ft. lot. Sold a year ago for about $525K. Reno went on forever, one thing after another. $200K reno estimate ballooned to $400K.
Now needing $1 million to break even. Sucker taking a bath.
Went on the market 3 weeks ago at $1.35 million. Delusional seller!
It sold the other day $1.3 million. WTF do I know?

BTW, I am not an agent pumping tires.

#61 Industrial Guy on 02.04.16 at 8:00 pm

As the song “It’s The End Of The World As We Know It” says ….. That’s great, it starts with an earthquake Birds and snakes, an aeroplane, and Lenny Bruce is not afraid ……..
Playboy enters a new era …… first issue published without fully nude photos.

I guess we’ll all just have to read the articles … Hmmmmmmm … some lies, when repeated long enough, actually do become the truth …..

#62 BlogDogNL on 02.04.16 at 8:02 pm

Hello Fellow Comments Readers…

Would you go for a 2.14% 2 year fixed or

A 2.74% five year fixed?

In Garth We Trust.

Why would you gamble for sixty basis points? Bless you. — Garth

#63 Pete on 02.04.16 at 8:04 pm

This is a fairly mainstream website with a broad cross-section of the public as its readers.
I’m glad to see that so many are realizing that 9/11 was not what we have been told. And for those who want to say that to question the official story is to engage in a ‘conspiracy theory’, they should remember that even the official story is just a theory about a conspiracy.

#64 Godth on 02.04.16 at 8:05 pm

#57 BobC on 02.04.16 at 7:55 pm

Building 7 really is the key to focus on. Either the laws of applied physics stand or they have to be rewritten.

There was so much going on that day and so many unanswered questions it’s staggering. It was either catastrophic failure across numerous agencies or…

Geez, can we move on? — Garth

#65 sealclubber on 02.04.16 at 8:10 pm

When I look at past real estate bubbles, when the long-term price charts start going vertical, that’s usually the beginning of the end. Speculators start taking profits (or buying in case it’s going vertically down) and the top (or bottom) is only a matter of time.

Maybe Vancouver will last another several months. But I think by the end of 2016 it will be obvious to everyone Vancouver real estate is crashing.

#66 SWL1976 on 02.04.16 at 8:11 pm

Garth,

I think sometimes you do bait us here, and yesterday’s post seems like a prime example. You’re smart enough to know, and know this comments section well enough to understand where an opening paragraph like the one you chose yesterday would lead. You do spend enough time with us after all. I think sometimes you learn as much from us, as us from you. Either way always an interesting conversation to get people thinking here at the Greater Fool.

Glad to see Bandit is up and at em and out and a bout

#67 Daisy Mae on 02.04.16 at 8:11 pm

“….Next month he starts work at Starbucks.”

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

Chick magnets? Both of you? You’re funny! But I’m so glad Bandit is on the mend, as embarrassing as this whole exercise has been with him and his collar representing a ‘satellite dish’. And now it’s payback time? Geez…. But HOW did this happen?

#68 Clearwater79 on 02.04.16 at 8:11 pm

9/11 was a conspiracy. Al queda conspired to blow some shit up and they did. I do recall seeing some planes crashing into sky scrappers on live TV.

M37AB

#69 Interesting friday on 02.04.16 at 8:11 pm

This friday will have employment reports from ca amd usa, any bets which one will be positive? A lot of companies are reporting too, read between the lines, the moneys are drying up in Canada, if you think Alberta is contained well you keep on dreaming. People are so obsessed with bousing that all other sectors are hurting. The eventual balancing will be painfull.

#70 Interstellar Old Yeller on 02.04.16 at 8:13 pm

Bandit, glad you’re healing up well! You sure are a cutie, even with the silly plastic cone.

#71 Godth on 02.04.16 at 8:15 pm

Geez, can we move on? — Garth

Geez, I’d like to but Afghanistan, Iraq, Libya, and now Syria says we apparently can’t. The “war on terror” rolls on, who knows who is a terrorist these days. I hear there’s a guy questioning the Canadian housing bubble and the official stats…

#72 NoName on 02.04.16 at 8:23 pm

Is that a duck tape on that funny contraption around Bandits neck?

#73 Leo Trollstoy on 02.04.16 at 8:24 pm

glad to hear that bandit is doing well and getting better

#74 For those about to flop... on 02.04.16 at 8:24 pm

Hey Doug in London …now in India.
I asked my wife to translate your name into Hindi and this is what she said.
Grab a pen and write this down…you ready….C…P…D.
CPD huh?……who knew!

M41BC

#75 SWL1976 on 02.04.16 at 8:26 pm

@ Godth – Thanks for the link to the Four Horsemen documentary. I’m surprised I had not stumbled across it before now.

https://www.youtube.com/watch?v=5fbvquHSPJU

I am definitely going to share it.

Not a lot of new ideas or secrets for a guy like me, but it was definitely a well put together documentary hosting lots of people with some serious credentials speaking some serious truths.

Noel and company are you listening?

It is definitely worth an hour and a half of your time.

To know what is right and not to do it is the worst cowardice – Confucius

Your silence gives your consent – Plato

#76 dave on 02.04.16 at 8:31 pm

My dog needed a root canal – $1000

I needed a root canal and it cost $650

Fair?

#77 Blogbitch on 02.04.16 at 8:32 pm

Well done, Bandit!

#78 family beagle on 02.04.16 at 8:32 pm

I remember my cone days well. Could hear a treat bag open six blocks away.

My friend bidding on houses, Tricities, goes to the open house and at ten pm has to make offer. (Advised to bid 10% over per bids in the area.) Ten offers made. Next day realtor says seller wants top four offers to bid again. Four hours later, now top two bid again. Friend bailed at round two…. Does not want to be pumped like a tube of toothpaste. House went 100k over ask.

Good health to yer hound.

#79 Mark on 02.04.16 at 8:37 pm

” With the Canadian Dollar gaining value like a rocket, do you think that we might reach parity with the U.S. dollar by summer?”

I wouldn’t go that far (although it would be quite a victory for me over the Troll if it actually happened!). BoC probably will do a policy rate cut once the CAD$/USD$ paid is safely around $1.25. That should slow the return to parity (and beyond). Although if the housing market keeps falling as fast as it has been over the past number of months, even a single rate cut won’t do much to temper the deflationary pressures.

#80 nonplused on 02.04.16 at 8:40 pm

I wish I could train my dog to work at Starbucks. He’d make a good greeter but would probably eat all the whipped topping and beef rolls so it wouldn’t work.

#81 Be prepared - Realties.ca on 02.04.16 at 8:40 pm

[…] Source: http://www.greaterfool.ca/2016/02/04/be-prepared/ […]

#82 macroman on 02.04.16 at 8:40 pm

Another spawn of 911 was the anthrax attacks to justify the “weapons of mass destruction” meme to invade Iraq. That anthrax was traced to Fort Detricks Maryland.

Pax Americana on steroids; Afghanistan, Iraq, Lebanon (2006-Israel) Libya, Syria, Yemen. Soon to be a clustermuck of Turkey/Iran/Saudi GCC with the big dogs Nato/Russia.

During Chinese new year might be the fuse.

People like MF need to stop with the cranial/rectal inversion.

#83 Great year on 02.04.16 at 8:43 pm

Bandit got new metal, Garth got his new Harley.

They both enjoy the snowless ride and walk in the green, waiting for the autumn to end.

Chick magnets who prefer sexy investment yield over sex, which is risky, unpredictable and sweaty compared to genderless index ETFs.

For the more humans it’s Netflix and chill, Siamese.

#84 Smoking Man on 02.04.16 at 8:45 pm

MF stop chucking the Anti Semetic word around.

Thats not how you defeat buggers that piss you off.

Altho I am tempted go hit my critics with Smokafobic. I’m better than THE LGBT mind set.

Look he’s a homophobe …it’s gutless.

Look how I slayed big dipper. He ran away. Even James2 is behaving lately.

Be a man
Fight with words, name calling is for woeses.

#85 Freedom First on 02.04.16 at 8:46 pm

#32 Freedom First

Not me. Just another a$$hole.

#86 JSS on 02.04.16 at 8:47 pm

BCE increases dividend by 5%.

Yummy yummy in your tummy.

So far this year…Canadian Utilities (+10%), CN Rail (+20%)

Next up…Transcanada Pipelines, Coca Cola

#87 learningfromyou on 02.04.16 at 8:48 pm

Thank Garth for this these posts with useful information.
You are simply great.

#88 Smoking Man's old man on 02.04.16 at 8:48 pm

Having said that,today’s post illustrates one of the upsides of being financially well off. When an unforeseen financially draining circumstance occurs such as expensive pet surgeries, for example, it doesn’t create any hardship.

I imagine a lot of unfortunate pets get “put down” because people don’t have the ability to financially cope when these situations arise.

Quite sad really…

—-

It does not have to be. Financially 1%-ers have the option to bail out the life of a pet, instead of donating their wealth that they can’t take to the other side of the river, instead of handing it over to Bill Gates.

#89 AB Boxster on 02.04.16 at 8:52 pm

Garth,

You have talked about self directed mortgages in the past.
I understand that in a low rate environment that a 2.5 % rate makes no sense in your rrsp.

However, post rates for a 1 year fixed open mortgage are currently over 6% at BMO. (6.3 low to 6.7 high)
Why would you not just write a mortgage based upon a 1 year Fixed open rate at 6.5%?
The just renew it every year at 6%+.
This would be a reasonable ‘market’ rate and for a fixed portion in your rrsp 6%+ is pretty good.
You don’t have to write yourself a 2.5% open mortgage do you?
Why would this not still be a good strategy today?

Good luck with CRA. — Garth

#90 just a dude on 02.04.16 at 8:52 pm

Hilarious! Glad the boy is making great progress. $3500 – ouch. I’d do the same though – gotta love these “little” guys.

#91 Tom from Mississauga on 02.04.16 at 8:54 pm

“It may well be some of the condo guys are realizing that they can’t sell condos because the market has come to a point where there are too many condos already.” Rai Sahi, Chairman and CEO of Morguard Corp.

#92 Vancouver Housing update on 02.04.16 at 8:55 pm

A major correction of 15% would result in prices falling to July, 2015 levels.

A crash of 25+% would bring prices down to January 2015 levels.

The horror!

If you bought in that period of time, a horror indeed. It took only 8% of US buyers in distress to snowball the market. You have much to learn. — Garth

#93 amazon girl on 02.04.16 at 8:59 pm

Amazon girl to Garth I read yesterday post and
noticed that something was different.
Today’s post I was sure that Your magic touch
is back. The reason is the love of Bandit is back.
Waiting for my T-4 slip to arrive..

#94 Nine11 move on on 02.04.16 at 8:59 pm

Have to deal with the 25K refugees first.
Whoever did the towers left around all kinds of bills to pay.

#95 Hammerhead on 02.04.16 at 9:00 pm

Hey Garth. Spare your dog the pain & embarrassment of that cone he’s wearing. After my dog had surgery got him an inflatable protective collar. SOO much more comfortable for the poor dog & he’ll be able to move around a lot easier & eat & drink too much better. Cheap to buy at most pet stores. Cheers & get well Bandit

#96 Linda on 02.04.16 at 9:00 pm

Garth, think big for Bandit. First, he looks gorgeous & second, I’m sure that bucket is part of his space astropuppy suit. I can just see him checking out Pluto & Sirius:) Hope he will be able to option the head piece soon & walk like a rock star astro pup even sooner.

#97 Kevin on 02.04.16 at 9:02 pm

I’ve never met him but I love that dog!

#98 Drill Baby Drill on 02.04.16 at 9:03 pm

I am sick of this non stop whining about us boomers by the millenials. When I was just out of UofBeer in the late 70’s a new house cost $130K in Cowtown. I thought I would never be able to get into the market (interest rates were really climbing as well) but I did and you know what since Canada is a resource country with a stable gov’nt we will always come out of these economic troughs. So SUCK IT UP!!!!!

#99 Tom from Burnaby on 02.04.16 at 9:04 pm

#91 Tom from Mississauga on 02.04.16 at 8:54 pm

————————
Condominium units have long been viewed as the poor cousins of single-family houses in Vancouver’s real estate market. But 2016 could well be the Year of the Condo.

Realtor Patrick Weeks foresees only moderate growth this year in Vancouver’s detached housing sector. But he sees the sale of “certain segments of condos going up substantially, as (single-family house) prices become out of reach for many buyers.

“There’s now such a gap between condo and detached home ownership, many buyers are faced with limited detached options, and are forced to focus on condos.”

… Joannah Connolly anticipates that “more and more buyers, from first-timers to families, will turn to condominium living in 2016.”

These predictions are corroborated by Urban Analytics’ Michael Ferreira, who says the same sort of rush seen in recent years on detached home buying has begun to impact the market for multi-family units.

“Demand has increased to the point where it’s now exceeding the number of new units being introduced to the market.”

#100 AB Boxster on 02.04.16 at 9:06 pm

89 AB Boxster
Good luck with CRA
—————————–
You mean CRA might be upset?
I’m shocked!
Have sunny ways not made its way to the taxman?

#101 Tom from Burnaby on 02.04.16 at 9:09 pm

#95 Hammerhead on 02.04.16 at 9:00 pm
Hey Garth. Spare your dog the pain & embarrassment of that cone he’s wearing. After my dog had surgery got him an inflatable protective collar.
————————
+1

those cones are to a dog what a needy woman is to FF, or a teacher to SM.

#102 MF on 02.04.16 at 9:12 pm

#10 macroman on 02.04.16 at 6:13 pm

Wow. Just wow. Someone’s Jimmies are Rustled.

Honestly I don’t even know what to say except that you have lost it. There is no arguing with someone like you. You will see what you want.

Guess what,

YOU are the pawn. You are easy picking for your source “alternative” websites who make money and profit off of you. You are the gullible and frustrated one, judging by your defensive response to being called out.

Lol @ mother trucker

MF

#103 BG on 02.04.16 at 9:16 pm

Conspiracy theorists tend to have something in common: They can’t stomach not knowing. So they’re making up stories to persuade themselves they know.
And by “knowing” the secret, they feel smart and superior.
Really similar to religious nut jobs actually.

That was that school massacre in the US a few years ago. Young kids. The place was named “sandy” something I think.
Parents of some victims were getting harassed by conspiracy theorists calling them and telling them their kid never existed.

Obviously these nut jobs don’t know for sure what happened. Even if they believe it’s a conspiracy, why would they take the slightest chance at adding insult to injury to the parents of the victims?

Because their faith in the conspiracy is similar to the faith of a suicidal bomber.

#104 bdy sktrn on 02.04.16 at 9:22 pm

VICTORIA — The B.C. budget this month will make it easier for some people to buy a home, encourage the construction of new housing and put in place measures to track data on home sales and purchases, says the finance minister.

Mike de Jong said Thursday the changes won’t just apply to Metro Vancouver, where residents have complained they are in the grips of a housing affordability crisis, but “will generally be available to all British Columbians.”

#105 Tiger1960 on 02.04.16 at 9:23 pm

Swl 66
Garth is a fisherman!
And a good one !!!

#106 Ronaldo on 02.04.16 at 9:27 pm

#47 Godeth –

With regards to the 911 crash into the Pentagon.

http://www.rense.com/general32/phot.htm

#107 joblo on 02.04.16 at 9:35 pm

Hey Bandit, look at the Kool benefits you get:

Benefits At Starbucks, our Total Pay package is called Your Special Blend. It’s a benefits package that is tailored to the needs of our partners. And it’s designed just for you.

Benefits-eligible partners, (those working 20 or more hours a week) receive a wide range of perks, benefits and assistance. Your Special Blend might include bonuses, retirement savings matching and discounted stock purchase options. We offer adoption assistance and health coverage for you and your dependents, including domestic partners.

Our tuition reimbursement program is designed to provide financial support as you advance your professional development. This program will help reduce out-of-pocket expenses, inclusive of textbooks and tuition regardless of where you are in your career or academic journey.

Partners also appreciate our recognition programs, career sabbaticals and other time-off programs. Plus, you can take advantage of partner perks such as 30% in-store discounts and one free pound of coffee, box of K-Cup® Packs or tea a week.

Share with Garth now.

#108 Ronaldo on 02.04.16 at 9:36 pm

#49 Freeman on 02.04.16 at 7:37 pm

”Garth: With the Canadian Dollar gaining value like a rocket, do you think that we might reach parity with the U.S. dollar by summer?”

Yes, and those that didn’t cash in their USD holdings will be sorry they didn’t. Already down 4% in last couple weeks and more to come. And expect oil to be back to $50 by end of June and the materials and pm sectors with double digit gains.

#109 Smoking Man on 02.04.16 at 9:40 pm

#103 BG on 02.04.16 at 9:16 pm
Conspiracy theorists tend to have something in common: They can’t stomach not knowing. So they’re making up stories to persuade themselves they know.
And by “knowing” the secret, they feel smart and superior.
Really similar to religious nut jobs actually.

That was that school massacre in the US a few years ago. Young kids. The place was named “sandy” something I think.
Parents of some victims were getting harassed by conspiracy theorists calling them and telling them their kid never existed.

Obviously these nut jobs don’t know for sure what happened. Even if they believe it’s a conspiracy, why would they take the slightest chance at adding insult to injury to the parents of the victims?

Because their faith in the conspiracy is similar to the faith of a suicidal bomber.
….

Conspiracy Therorist is an invented word by the machine to styfull debate. After the success of Holicost Deniers, fk now everyone is copying the brilliance of that taktic.

Tree Huggers basically stole it. I hope someone is getting a royalty.

But I’m a full blown bat shit crazy Conspiracy Therorist

And proudly so.

You don’t see me saying, Garth , I’m upset, how dare you allow these lowlife Smokophobs on here. I’m making some calls. You’ve done it now garth.

Debate will set you free.

#110 Ronaldo on 02.04.16 at 9:45 pm

#54 Mike in the Okanagan on 02.04.16 at 7:49 pm

”CPP is not dole. We kick in money every year to the plan so we can collect eventually. OAS is dole.

The distinction is important because we should NEVER income test for CPP benefit eligibility. If this was the case then contributions should be voluntary.”

Mike, if CPP was meant to be for retirement for persons who have reached age 60 (reduced prior to age 65) then why is it that it is being used as disability benefits for persons under the age of 65. This is one of the biggest drains on those funds. I know of several people who have been on these benefits in excess of 20 years.

#111 Godth on 02.04.16 at 9:58 pm

#68 Clearwater79 on 02.04.16 at 8:11 pm

Al CIAda, hahaha – how did that happen?
https://www.youtube.com/watch?v=OJTv2nFjMBk

The US and NATO had no problem using them in Yugoslavia either and look what they’ve become now:
https://www.youtube.com/watch?v=K20fm2166WM

#112 GenX on 02.04.16 at 10:05 pm

Hi Garth,

What are our thoughts regarding the structure of our monetary system?
In particular: for a dollar to exist, it needs to be loaned to the government by the Central Bank. The Government (taxpayers) will have to pay back the 1 dollar plus interest. The only way to pay back the interest is to take another loan from the CB and so on. It becomes impossible to pay back the loan, so eventually the whole of society becomes indebted to the CB, while CB has done nothing more than printing some paper.
The banks are doing a similar schema with electronic currency.
Could it be that the issues we’re facing today are structural?

#113 Godth on 02.04.16 at 10:14 pm

#103 BG on 02.04.16 at 9:16 pm
War is peace
Freedom is slavery
Ignorance is strength
https://www.youtube.com/watch?v=ox-shlDXKO4

#114 WUL on 02.04.16 at 10:15 pm

Yesterday I stumbled upon a quote that made me paws (GO BANDIT). I thought it was a hanging curve through Smokey’s wheelhouse as a longball hitter.

“A formal education will earn you a living wage. Self education will earn you a fortune.”

#115 acdel on 02.04.16 at 10:17 pm

Can anybody out there educate me on Bitcoins? I just do not get this; how can one generate this stuff and forward it to a retirement fund without the fear of the imaginary account being hacked and losing all your so called savings? Here is where the millenniums can jump in and explain!

#116 Big Dipper on 02.04.16 at 10:20 pm

#84 Smoking Man on 02.04.16 at 8:45 pm

“Look how I slayed big dipper. He ran away.
Be a man”

———————————–

You are completely delusional. I squashed you like a bug. You were a little scared Smokey crying “don’t let the Big Dipper get me”. That warrant for your transfer to the Northern Alta re-ed. camp is still active!

You remind me of the Black Knight in Monty Python’s Holy Grail. Stop bleeding on me.

https://www.youtube.com/watch?v=zKhEw7nD9C4

#117 Felix on 02.04.16 at 10:24 pm

And for the same $3500, you could have euthanized Bandit, turned his carcass into pellets for a two month supply of delicious cat food, and still have $3300 left over to spend on travel and eating out, plus indulging a new feline pet with actual self-respect and intelligence.

And you call yourself a financial planner…….

#118 Lolita77 on 02.04.16 at 10:28 pm

All this income splitting is fine and dandy, but how does this help me as a single parent keep more of my pie? All these tax incentives are geared toward couples and discriminate against single parent families!!

#119 BG on 02.04.16 at 10:31 pm

#109 Smoking Man on 02.04.16 at 9:40 pm

Conspiracy Therorist is an invented word by the machine to styfull debate.

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

Debate not should never be backed or driven by faith.

The typical conspiracy theorist believes first, and starts looking for evidence only second.

That’s Backward.

#120 Smoking Man on 02.04.16 at 10:33 pm

#111 Godth on 02.04.16 at 9:58 pm
#68 Clearwater79 on 02.04.16 at 8:11 pm

Al CIAda, hahaha – how did that happen?
https://www.youtube.com/watch?v=OJTv2nFjMBk

The US and NATO had no problem using them in Yugoslavia either and look what they’ve become now:
https://www.youtube.com/watch?v=K20fm2166WM.

……

Biggest mistake the Machine Made. Going against the people of the heavens.

The Serbs who where the only Europeans who gave inosent Jews refuge from the barberc Nazis.

They handed you Tesla a star man. His grandfather Shlonge Zinger from Nectonite.

Nectonites are a forgiving alien race. We hate everyone equaly, no one is special in our assement of Humanity.

However the minority that feels a bond with the machine , got me some bad news for you sun shine.

With the advancement of stem cell research in 20 years immortality will be posable. And unless your in the gang of the 60 wealthiest family’s who own 1/2 the world’s wealth your just as expendable as my new friend Richard.

http://dyslexicsmokingman.blogspot.ca

Sorry MF but being a space man and all, I’ve been to future. Not shitting you.

Full blown debate is the only wepon left to save you bastards from the machine. Curent Population 60.

DR Smoking Man
PHD Herdonomics.
Hammered at Senica again.

Ground Hog day.

#121 SWL1976 on 02.04.16 at 10:36 pm

#37 Sideshow Rob

The holocaust was a conspiracy theory among my Jewish ancestors in Poland while it was happening. The stories were too ridiculous to be believed by most. Lots of tin foil hat jokes then too.

———————————-

I had no idea that, that was the case. Thanks for sharing. I guess it really goes to show the natural defence mechanisms of the human mind.

A little understanding can go a long way.

History may not repeat, but it definitely rhymes.

#122 m schuster on 02.04.16 at 10:39 pm

Hi Garth! Sorry about Bandit. You might want to consult a Vet that also does holistic medicine. They might be able to do a cream with Comfrey for your pet (that cream that helped your ankle). See if anyone here is close to home and can do a monitored custom blend that Bandit won’t try to eat.
http://www.civtedu.org/canada/
Good luck!

#123 MF on 02.04.16 at 10:41 pm

#84 Smoking Man on 02.04.16 at 8:45 pm

Indeed. I read the crossfire between you and them. James2 never had a chance. Walked into the ring and it was over.

I gotta give dipper some props. Put up a good fight. Was taking a pounding from all angles having a war on two fronts with you and Garth, and still lasted many rounds before eventually succumbing.

Life lessons.

MF

#124 MF on 02.04.16 at 10:46 pm

#120 Smoking Man on 02.04.16 at 10:33 pm

ha

classic SM

MF

#125 Smoking Man on 02.04.16 at 10:46 pm

#116 Big Dipper on 02.04.16 at 10:20 pm
#84 Smoking Man on 02.04.16 at 8:45 pm

“Look how I slayed big dipper. He ran away.
Be a man”

———————————–

You are completely delusional. I squashed you like a bug. You were a little scared Smokey crying “don’t let the Big Dipper get me”. That warrant for your transfer to the Northern Alta re-ed. camp is still active!

You remind me of the Black Knight in Monty Python’s Holy Grail. Stop bleeding on me.

https://www.youtube.com/watch?v=zKhEw7nD9C4
….

Ha got you back. Really thought you left. Need someone around when I’m into my JD. I can’t chirp valintine if you know what I mean.

#126 preet89 on 02.04.16 at 10:50 pm

The older generation should remember that they got to where they are because of inheritances and it is their duty to pass on to our generation and us to the next.

Each generation is better off than the one before it.

I inherited nothing, nor did my siblings or their spouses, her wife or sister or BIL. Actually, I don’t know anyone who has ever mentioned it. Largely a myth, I think, with longer, more costly lives. — Garth

#127 TurnerNation on 02.04.16 at 10:52 pm

Iceland was the first country brought to its knees years ago. A perfect isolated, homogeneous test bed for their computer models. It worked. A silent economic weapon.

As I say 1st world countries get economically bombed. Debt crises. (Don’t cry for me, Argentenia.)
Not a finger lifted.
Et tu, “IS” [sic]?

#128 ronh on 02.04.16 at 10:52 pm

Garth your story about Bandit’s leg brought back memories. My Keeshond had the same problem/surgery.
The things we do for them.

#129 Valleyboy on 02.04.16 at 10:53 pm

Glade bandits doing well Garth.

Thanks for all you do also.

#130 Popeye the Sailor Man on 02.04.16 at 10:54 pm

#40 down and out on 02.04.16 at 7:11 pm
Poor Bandit having to wear the cone of shame is the reason I never got a vasectomy.

Why???? Would you lick yourself?

#131 cramar on 02.04.16 at 10:58 pm

With commodities in the tank, it is good to know that both Garth and Bandit are investing in titanium for the future! Gives new meaning to ‘man’s best friend.’ Both gone bionic!

Bandit should be back to normal soon as the cone is off. Thankfully. It is such a pain! Always banging into things.

#132 Smoking Man on 02.04.16 at 11:09 pm

#119 BG on 02.04.16 at 10:31 pm
#109 Smoking Man on 02.04.16 at 9:40 pm

Conspiracy Therorist is an invented word by the machine to styfull debate.

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

Debate not should never be backed or driven by faith.

The typical conspiracy theorist believes first, and starts looking for evidence only second.

That’s Backward.

I’m nominating you for a Nobel prize with that amazing in site.

Humans is all I’m saying…

#133 Gulf Breezw on 02.04.16 at 11:22 pm

#44 Andres,

Read “architects and engineers for 911 truth,”.

#134 GenXer on 02.04.16 at 11:29 pm

#98 Drill Baby Drill on 02.04.16 at 9:03 pm I am sick of this non stop whining about us boomers by the millenials. When I was just out of UofBeer in the late 70’s a new house cost $130K in Cowtown. I thought I would never be able to get into the market (interest rates were really climbing as well) but I did and you know what since Canada is a resource country with a stable gov’nt we will always come out of these economic troughs. So SUCK IT UP!!!!!

Hey Drill, I didn’t see any boomer bashing today. You sure love to preach to the kids. Are you sure you paid 130K for a house in Calgary in 1970? Seems kinda high.

#135 Ronaldo on 02.04.16 at 11:32 pm

1 million plus gain in 3 years in bubbly Vancouver. Check this one out at 404 West 23rd. Avenue.

http://pauleviston.com/mylistings.html/details-1623341
July 2012 – asking $998,000 Sold over asking.
Substantially renovated.

http://www.gabebandel.com/mylistings.html/details-12400792
Summer 2013 – Asking $1,449,000 Sold.
Nothing appears to have been done to it.

Assessment July 1st 2015 – $2,036,000.
http://evaluebc.bcassessment.ca/Property.aspx

Sold August 25th 2015 for $2,120,000.
112% increase in 3 years or $1,122,000 gain.

Now, if this is not a bubble I don’t know what you would call it. Total insanity maybe. When this thing corrects, there’s going to be some serious damage done to a lot of people’s equity. Well, to the last person holding the paper anyway. The others will have made out like bandits.

#136 Miranda on 02.04.16 at 11:32 pm

Question re spousal RRSPs…. What happens in the case of divorce? If I have a defined benefit pension, so I pour my and my husband’s savings into RRSPs in his name, and then we split… He has the right to some portion of the pension, do I also have a claim on the spousal RRSP?

Yes you do. — Garth

#137 Gulf Breezw on 02.04.16 at 11:38 pm

Sideshow Rob,

Very little information leaked out about the holocaust while it was happening. And yes, it was regarded as completely crazy, at the time. Like…as if…who would do such a barbaric thing??

This is the example I use most frequently when it comes to ‘conspiracy’. It is simply organized collusion taking place in stealthy conditions and is an innate feature of organizations of all kinds.

People like to use Occam’s razor to blow off anything that has the slightest whiff of conspiracy. But Occam’s razor is a scientific idea, encouraging scientists to consider the simplest explanation first, all things being equal.

To suggest it be used in a court of law by a judge and jury presiding over racketeers and mobsters would be outlandish. Yet, this is what many people encourage us to do when it comes to quasi-legal organizations like many of the letter agencies, for starters.

The simplest view of reality at the time of the holocaust was that it was practically and morally impossible for it to take place. And further to that, wouldn’t the media be onto it if it was really happening?? Tragic.

#138 WUL on 02.04.16 at 11:51 pm

Garth:

May I? In the midst of my current crisis (turn 60 in 72 hours – CPP here I come!!!) living in the Taiga, I throw out a challenge to Boomers.

What is your personal best time for couch to curb, pick up the newspaper, and return curb to couch?

Mine is 8 minutes and 13 seconds (dope free).

Maybe I need more Fartleks*.

*a system of training for distance runners in which the terrain and pace are continually varied to eliminate boredom and enhance psychological aspects of conditioning.

#139 Yuus bin Haad on 02.04.16 at 11:53 pm

Great. Here I was going to be extra frivolous tonight and you have to go and post that picture.

Some things just put everything else into perspective, don’t they.

#140 Chris on 02.04.16 at 11:55 pm

Hard to be a Canadian living in GTA these days. Do a search for properties under 300k. 6 results in Ajax. Less than 10 in Whitby. Look at the rents too. They have crept up too. And not a lot of rentals either. And what is the median family income here? See the problem? There is probably a constant shortage of properties on the market so the price keeps going up and the developer can really squeeze the last drop of juice from potential home buyers. Hard to be a Canadian living in GTA these days. And it is not because it is February. It has been warm this year.

#141 Mark on 02.05.16 at 12:29 am

“All this income splitting is fine and dandy, but how does this help me as a single parent keep more of my pie? “

It doesn’t, which is one aspect of income splitting as implemented by the previous government that was patently unfair.

And for the same $3500, you could have ….

Its rather sad that you posted that. I remember as a kid, doing a paper route, and saving up $1000 to buy what was, at the time, going to be a pretty nice TV to play Nintendo on. Then my little kitty got sick and needed to spend a few weeks in and out of the vet’s office. Needless to say, I sacrificed my $1000 for him, and he gave me another 17 years of loyal companionship in return.

#142 DON on 02.05.16 at 12:30 am

Glad to hear Bandit is doing well!

Tell him, “Poodles dig scars”

#143 nothing on 02.05.16 at 12:33 am

I inherited nothing, nor did my siblings or their spouses, her wife or sister or BIL. Actually, I don’t know anyone who has ever mentioned it. Largely a myth, I think, with longer, more costly lives. — Garth

My father used to say what you are saying Garth.
For this reason he decided that his kids would not get anything, either.

I was perfectly fine with it – but I feel and think differently.

It gives us enormous joy that we have been able to support financially and by any other means our kids to achieve their dreams.

It feels good that they could became highly trained professionals, running their own business successfully.

Seeing them succeed and happy with their own efforts, and with some of our money is priceless. It worked out well and I would do it again, without hesitation.

My understanding is that you don’t have kids, for you the closest might be how happy you are that your money was well spent on Bandit.

You could probably make a bundle over a decade or two if you invested the cost of his surgery – but I doubt that you were agonizing over this decision. It’s just one of those cases, when money can buy happiness.

#144 YVR Housing and Smoking Man on 02.05.16 at 12:42 am

#92 Vancouver Housing update:

Garth is correct about the much to learn. In AB now it is worse than it was in the early 80s. RE drop was 40% over 2 years. And no YVR, you are not a sovereign nation that makes its own fiscal and monetary policy…your time will come mid-year. Eyes on the Labour Force Survey for the next 3 months and GDP. The negative news over the past few months ought to manifest in cold hard numbers…the near 0 or less numbers.

Smoking Man:

Mostly I love your posts to do with the economy and investing and when you settle in with a few cocktails. The other multiple personalities that you have give me pause. Oh well, can’t throw out the baby with the bathwater and there is a certain charm to the term “off the wall”. I am a Boomer, but there are days I wonder about you…a bit more civility would be nice and drop the gay baiting, it pisses off a lot of people, myself included.

#145 There ain't no cure on 02.05.16 at 12:56 am

Smoking Man … you need a shaman to sing you in the jungle while you drink the medicine.

The songs would reunite you with your long time no see Nectonites and you might get rid of JD for good.

But you have to pay first.

I am afraid you can’t afford the non-negotiable price, which is to abandon JD for several weeks, before you can board the space ship, waiting for you in the jungle.

#146 Cici on 02.05.16 at 12:57 am

Lots of great (and even some new) information tonight Garth.

And thanks for the update about Bandit. Glad to hear that your out-of-control Q-Trip crossed with shag carpeting is getting his mojo back. And $3500 may seem like a lot of money on its own, its a small price to pay to keep that cutie up and running ;-)

#147 DON on 02.05.16 at 1:01 am

I used a ‘Stakeholder Influence and Importance Matrix’ in the case of the Site C Dam Development.
• Level of influence: was assigned based on the power that stakeholders have over the initiative.
• Importance: measures the priority given by the analyst to satisfying stakeholders’ needs and interests through the project.
I tried to measure in an objective manner based on current events and media coverage. In my initial submission the media was not included as a stakeholders as they are a tool/medium for voicing different opinions and should frame the story without bias and present all perspectives. I may be inclined to include the media for the fact they can be influential via public opinion.
The ranking exercise identified that stakeholders who were directly impacted by the development of the Site C Dam were likely to have less influence in the decision making processes. In fact these groups are found in a cluster each having slightly different outcomes – but a common interests. Government agencies were assigned a high level of importance from the perspective that they are public bodies who have the public’s interest in mind. I also added an additional government agency (BC Utilities Commission) and two associations (Organized private sector unions and Business Council of British Columbia) as they also have some degree of influence via lobbying.
***************************

Did he buy it in Oak Bay area, uplands, etc You still pay a premium for premium locations. But how are house prices and sales fairing in the rest of Victoria and the island?

Vancouver is more desirable as it is a big city but Victoria is not Vancouver – it is a city on an island in the northern hemisphere. I love the island and think it is the best place on earth but you have to know how to enjoy it – if not it becomes a pain in the ass if you need to go to the mainland.

#148 DON on 02.05.16 at 1:30 am

#60 Victorian on 02.04.16 at 7:59 pm

#16, #25

In Victoria, house not far away was a small 100 yr old junker on a 33 ft. lot. Sold a year ago for about $525K. Reno went on forever, one thing after another. $200K reno estimate ballooned to $400K.
Now needing $1 million to break even. Sucker taking a bath.
Went on the market 3 weeks ago at $1.35 million. Delusional seller!
It sold the other day $1.3 million. WTF do I know?

BTW, I am not an agent pumping tires

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

Just curious…which part of Victoria? Address

#149 Tom from Mississauga on 02.05.16 at 1:35 am

#99 Tom from Burnaby on 02.04.16 at 9:04 pm

Appreciate your reply to my comment. Of the 3 persons you referenced the reporter, a Realtor and a statistician. The 1st 2 Garth has devoted many posts as to why ideas forwarded by them can be entirely self serving. While a statistician can make a stat mean anything, 68% of us know that. He does show a great 2015 3rd quarter in sales but doesn’t say where he gets his data from.
Rai owns and operates $15.6 billion in real estate in Canada and the US. So he knows his stuff. Recently dipped in and bought 370 unit rental building in Ottawa. 160 Chapel Street. There are still places to invest in RE. Condos aren’t it.

#150 DON on 02.05.16 at 1:48 am

#109 Smoking Man

Well said!

#151 DON on 02.05.16 at 2:06 am

#119 BG on 02.04.16 at 10:31 pm

#109 Smoking Man on 02.04.16 at 9:40 pm

Conspiracy Therorist is an invented word by the machine to styfull debate.

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

Debate not should never be backed or driven by faith.

The typical conspiracy theorist believes first, and starts looking for evidence only second.

That’s Backward.
************************

Nope!

Some people just know when they are being bull shitted. I make it a point of not blindly believing anyone or anything. What if money was at stake. Yikes!

In BC we have a Provincial government 15-16 months away from an election doing what it can to goose the market and ride the wave through the election. They just lost a meaningless by election in a strong foot hold in Vancouver. The youth will choose the other guy, hence the governing party trying to connect with the youth. But the youth are pissed especially the Vancouver ones who can’t afford to buy. Everything has it’s best before date.

#152 steerage steward on 02.05.16 at 3:17 am

Wish the world economy was doing half as good as your dog. We may be in for a bit of a rid.

http://www.nytimes.com/2016/02/04/business/dealbook/toxic-loans-in-china-weigh-on-global-growth.html

https://www.youtube.com/watch?v=1iAYhQsQhSY

#153 Tony on 02.05.16 at 3:42 am

Bought the TVIX for a day trade or two day trade (including Monday) knowing the jobs report has to be on the extreme high side or the extreme low side thanks to Dudley talking down the U.S. dollar. Hoping to double my money in one day because if we ever see a thousand point plus DOWN day on the DOW it will be TODAY!!! Didn’t anyone else figure this one out?

#154 Tony on 02.05.16 at 3:53 am

Re: #126 preet89 on 02.04.16 at 10:50 pm

They’ll be nothing left for your generation meaning you’ll inherit nothing. Negative interest rates, negative returns on stocks and a housing market destined crash assure seniors only option will be to come back to the workforce.

#155 steerage steward on 02.05.16 at 4:01 am

Get well soon Bandit.

https://www.youtube.com/watch?v=aZFeBx8kK7k

Not sure if Garth is into this type of music, but I assume you watch stuff alone when he is at work

#156 NoName on 02.05.16 at 4:11 am

Easy with history

History that I was schooled as young pupil, and if I remember well from my commy written history books somwhere it sad that nazis killed close to 90% of jews living what is now called serbia. And in comparison, oskar alone probably saved more jews than combined serbian people in serbia.
This is open for debate, but that was what I remember. #pendo

If enithing Serbs should put calim on a 17or18 romans emperors that were born in what now is serbia, especially on a Constant in the great. Or first satelite video transmission from europe to nort amerika was a picture from some serbian monestary. “Vampir” vampire is only serbian word accepted world wide. There is more, but now back to a good guy.

Tesla was born in what is now called croatia, so now days he can only be croatian ortodox not serbian.
During his life he held two citizenships and none of those 2/citizenships start with letter “C”.
Truth to be told Tesla was more an american, than anything else, but Serbs just hijacked him because of his father religious beliefs.

Teslas take on religion and beliefs.

While I am not a believer in the orthodox sense, I commend religion, first, because every individual should have some ideal—religious, artistic, scientific, or humanitarian—to give significance to his life. Second, because all the great religions contain wise prescriptions relating to the conduct of life, which hold good now as they did when they were promulgated.
There is no conflict between the ideal of religion and the ideal of science, but science is opposed to theological dogmas because science is founded on fact. To me, the universe is simply a great machine which never came into being and never will end. The human being is no exception to the natural order. Man, like the universe, is a machine. Nothing enters our minds or determines our actions which is not directly or indirectly a response to stimuli beating upon our sense organs from without. Owing to the similarity of our construction and the sameness of our environment, we respond in like manner to similar stimuli, and from the concordance of our reactions, understanding is barn. In the course of ages, mechanisms of infinite complexity are developed, but what we call “soul” or “spirit,” is nothing more than the sum of the functionings of the body. When this functioning ceases, the “soul” or the “spirit” ceases likewise.
This apparently mechanistic conception is not antagonistic to an ethical conception of life. The acceptance by mankind at large of these tenets will not destroy religious ideals. Today Buddhism and Christianity are the greatest religions both in number of disciples and in importance. I believe that the essence of both will be the religion of the human race in the twenty-first century.

Nikola Tesla

————-

MF stop being sukap, be a man, or at least like be like Mark.

——–

History would be an excellent thing, if only it were true.
Leo Tolstoy

#157 Tony on 02.05.16 at 4:20 am

Re: #49 Freeman on 02.04.16 at 7:37 pm

Have to see what the U.S. unemployment report is at 8:30am. With Dudley talking down the U.S. dollar it can only mean one of two things. Either well above 300,000 or well below 100,000.

#158 liquidincalgary on 02.05.16 at 6:18 am

another day of conspiracies around every corner.

lame

#159 Evangeline on 02.05.16 at 7:43 am

“Religion is the basis of most wars, including a really big one dead ahead, of which you are a pawn.”

Really?

Do you know how many millions of people were killed over the last century in Russia, China, Cambodia, Bulgaria, East Germany Romania, North Korea, Vietnam, the People’s Democratic Republic of Ethiopia, and Hungary?

See “Mass killings under Communist regimes” Wikipedia

A tiny sample: “Stalin’s attempts to solidify his position as leader of the Soviet Union lead to an escalation in detentions and executions of various people, climaxing in 1937–38 (a period sometimes referred to as the “Yezhovshchina,” or Yezhov era), and continuing until Stalin’s death in 1953. Around 700,000 of these were executed by a gunshot to the back of the head,[84]”

#160 crowdedelevatorfartz on 02.05.16 at 8:26 am

Hmmmmm.
Well.
No one seems to be denying climate change now…. at least thats a start.
Perhaps the paranioa over endless, ever expanding and complicated 9/11 conspiracies could be explained by one single event.
Tunguska and the alien spaceship explosion.
The “cold war” slowed down the aliens slow, inexorable takeover of the planet but eventually they won.
(And you all believed that Gary Powers flight over Russia was to photo Nuke sites…..silly HU-mans).
Eventually all will be revealed at Area 51….

No wait!
It already has……

http://www.google.ca/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=3&cad=rja&uact=8&sqi=2&ved=0ahUKEwjrx4jf3ODKAhVLwWMKHdG0CYAQFggkMAI&url=http%3A%2F%2Fwww.cinemablend.com%2Fnew%2FIndependence-Day-2-Just-Cast-Smith-Son-70121.html&usg=AFQjCNGH44QRucfX5ohmVMQc8aFWV7rFBw&sig2=OY5WzF9xnlKj2pFYBcM29A&bvm=bv.113615019,d.cGc

#161 telescopic tenticles on 02.05.16 at 8:35 am

#106 Ronaldo on 02.04.16 at 9:27 pm

baa

thats all you got? brutal. no witness or photo, video evidence that a plane ever hit the pentagon. There was evidence a missle hit it through a gas station video but that was quickly confiscated.

But the elite run this world as they wish b/c because it is full of sheeple like you. so they possibly placed a few airplane bits within the pentagon the day before. that proves nothing. trust me, there would be all kinds of large pieces of plane if one hit.

baa.

#162 Renter's Revenge! on 02.05.16 at 8:42 am

#42 WillD on 02.04.16 at 7:18 pm
Questions for you experts:
#1. If I withdraw from my RRSP, even after 3 years, isn’t there a withholding tax?

#2. Would it be wise to keep the contribution room and contribute next year when the tax rate is higher, thus enjoying a larger benefit?

Yes & yes. — Garth

You don’t have to claim the deduction in the same year you make a contribution. You can make the contribution now and claim the deduction in a future year when your tax rate is higher.

#163 Rational Optimist on 02.05.16 at 8:47 am

The jobs report (the important one- not ours) showed fewer new jobs than expected, but the unemployment rate is now below 5%. That’s full employment: interest rates will continue upwards.

From the other jobs report: “For a second month in a row, Ontario was the lone province with employment growth, up 20,000 in January.”

#164 BG on 02.05.16 at 8:48 am

#151 DON on 02.05.16 at 2:06 am

Nope!

Some people just know when they are being bull shitted. I make it a point of not blindly believing anyone or anything. What if money was at stake. Yikes!
————————————————————

Having second thoughts because of a bad feeling is fine.
Humans function like that. Sometimes this 6th sense is accurate, sometimes not.
Now calling this feeling the absolute truth is pretty dumb.

I have known someone for a very long time who thinks this way.
He enters a conversation or debate only to convince, never to actually debate, learn and possibly change his mind.
Any argument is good for him if it can make him “win” the debate.
What do I have to learn from someone who never put their opinion in perspective and just cannot be wrong?

Not much.

#165 Shawn on 02.05.16 at 8:52 am

Just Weird

#112 GenX on 02.04.16 at 10:05 pm
Hi Garth,

What are our thoughts regarding the structure of our monetary system?

In particular: for a dollar to exist, it needs to be loaned to the government by the Central Bank. The Government (taxpayers) will have to pay back the 1 dollar plus interest. The only way to pay back the interest is to take another loan from the CB and so on. It becomes impossible to pay back the loan, so eventually the whole of society becomes indebted to the CB, while CB has done nothing more than printing some paper.

The banks are doing a similar schema with electronic currency.

Could it be that the issues we’re facing today are structural?

****************************************
The issues YOU are facing are due to your own poor reading choices.

Try focusing on accumulating money rather than apparently reading conspiracy theories about money and banking.

#166 Julia on 02.05.16 at 8:53 am

#126 preet89
“The older generation should remember that they got to where they are because of inheritances and it is their duty to pass on to our generation and us to the next.”

That sounds so incredibly entitled. I for one an thrilled that my parents are spending their hard earned money on enjoying themselves and traveling. They came here with nothing and became quite successful working extremely hard. I was grateful that they paid for my education and I am taking care of myself.

#167 Sean on 02.05.16 at 8:58 am

Pretty cool, I asked you about RRSP loans in a previous post. The one time I thought borrowing money made sense you agreed. Yes!

#168 Noel on 02.05.16 at 8:58 am

My favorite part about the conspiracy theorists is that they’re usually the first people to point out how useless and incompetent the government is. But yet they still manage to commit the most outrageous and unbelievably complex acts of treason.

So truthers, if the government is so omniscient, why are so many of the individual people in government so incompetent? (just take a look at the current GOP field for a litany of examples)

Or is that just what they want you to think

DUNNN DUNN DUNNNNNNN

#169 T on 02.05.16 at 9:02 am

The caveat with the spousal RRSP strategy is that the money only becomes the other spouses after 3 years FROM THE LAST CONTRIBUTION. Meaning you must make your last contribution at least 3 years before the money is needed (long term pregnancy planning?) and you cannot continue to “shift income” (contribute) during those 3 years.

#170 mitzerboy aka queencity kid on 02.05.16 at 9:07 am

dogs r great
beer iz good
and people r crazy

u go bandit

#171 debtified on 02.05.16 at 9:47 am

Way to go Bandit!

Thank you, Garth!

#172 cramar on 02.05.16 at 9:58 am

#140 Chris on 02.04.16 at 11:55 pm

Hard to be a Canadian living in GTA these days. Do a search for properties under 300k. 6 results in Ajax. Less than 10 in Whitby. Look at the rents too. They have crept up too. And not a lot of rentals either. And what is the median family income here? See the problem? There is probably a constant shortage of properties on the market so the price keeps going up and the developer can really squeeze the last drop of juice from potential home buyers. Hard to be a Canadian living in GTA these days. And it is not because it is February. It has been warm this year.

——–

Simple answer to this, but few willing to do. For normal incomes, you cannot live in the GTA and buy a house. You can have one, but not both! It depends on what is most important to you. So you either live in the GTA and rent, or move far out of the GTA to pursue another job/career, then buy a house.

It was a choice I had to make four decades ago. If I was a Millennial today, I’d have to made the same choice.

#173 SWL1976 on 02.05.16 at 9:59 am

#168 Noel

My favorite part about the conspiracy theorists is that they’re usually the first people to point out how useless and incompetent the government is. But yet they still manage to commit the most outrageous and unbelievably complex acts of treason.

So truthers, if the government is so omniscient, why are so many of the individual people in government so incompetent?

———————————-

Everything in governemnt is compartmentalized to the point where the left hand never really knows exactly what the right hand is doing. Combine that with thousands of people like yourself who are willing to mindlessly follow orders…

And presto you have our modern day mess

All the atrocites of Nazi Germany were a dierct result of people following orders

Open your eyes and your mind lady

Political language is designed to make lies sound truthful and murder respectable, and give an appearance of solidity to pure wind – George Orwell

#174 NoName on 02.05.16 at 10:14 am

So if you want to now more about aliens and to or not to tinfoil when “visiting” area around area 51,”you” better hope that Hilary wins. As she sad, she will make task force get to bottom of it (ufo/space aliens).

http://m.huffpost.com/us/entry/hillary-clinton-vows-to-investigate-ufos_us_5687073ce4b014efe0da95db

__…*******…__
/ \__/ \
~ (©®) ~
/ / \ \
__===================__
( -8-8-8-8-8-8-8-8-8-8-8-8- )
\°_________________________°/
\____________/

#175 Leo Trollstoy on 02.05.16 at 10:35 am

It doesn’t, which is one aspect of income splitting as implemented by the previous government that was patently unfair.

hey WalMark do u think the new government will fix this unfair practice?

#176 cramar on 02.05.16 at 10:44 am

Don’t sell out America as one GT has said!

The recovery might be slow, but it is heading in the right direction.

What recession? Manufacturing jobs hit 7-year high

http://www.marketwatch.com/story/what-recession-manufacturing-jobs-hit-7-year-high-2016-02-05

This means that the Fed still on track to blip rates higher. I’m with Garth on this.

#177 TRT on 02.05.16 at 10:45 am

Vancouver home just went for $800 K over asking price.

Now tell us this is locals doing this with a straight face.

#178 Rainclouds on 02.05.16 at 10:47 am

The Amish have figured it out.

http://www.huffingtonpost.ca/2016/02/04/amish-give-up-on-pricey-ontario-head-for-new-life-on-prince-edward-island-farms_n_9161994.html

#179 JimH on 02.05.16 at 10:52 am

#47 Godth on 02.04.16 at 7:34 pm
==============================
You have far too much time on your hands!

#180 45north on 02.05.16 at 11:07 am

Don Derc: 9/11 was an inside job!

well it was an inside job whose details remain hidden. After 15 years there are no names. I mean names of real people who could and would sue.

#181 Chris in Nanaimo on 02.05.16 at 11:08 am

#118 “how does income splitting help me?”

It doesn’t, but then it wasn’t designed for single parents. It was designed for families where one parent isn’t working or low income. It was designed to balance out the possible unfair tax advantage a dual income family has over a single income family due to the different tax bands, i.e. The single income family might be paying more tax than a dual income family for the same combined income.

#182 45north on 02.05.16 at 11:21 am

Cramar: Simple answer to this. For normal incomes, you cannot live in the GTA and buy a house. You can have one, but not both!

It was a choice I had to make four decades ago. If I was a Millennial today, I’d have to made the same choice.

so what did you choose?

#183 waiting on the westcoast on 02.05.16 at 11:21 am

#79 Mark on 02.04.16 at 8:37 pm
“” With the Canadian Dollar gaining value like a rocket, do you think that we might reach parity with the U.S. dollar by summer?” I wouldn’t go that far (although it would be quite a victory for me over the Troll if it actually happened!). BoC probably will do a policy rate cut once the CAD$/USD$ paid is safely around $1.25. That should slow the return to parity (and beyond). Although if the housing market keeps falling as fast as it has been over the past number of months, even a single rate cut won’t do much to temper the deflationary pressures.”

Mark – I think it’s a stretch for you to say your theories are validated on currencies rising/falling when you predicted a massive rise in the dollar starting when we were at parity. You vehemently denied any other posters rational why it may go down, etc. If anything, the CDN$ rise and recent minor pullback have been lockstep with oil which again had nothing to do with your deflationary and people paying down their debt arguments.

#184 kommykim on 02.05.16 at 11:29 am

RE:

#42 WillD on 02.04.16 at 7:18 pm
#2. Would it be wise to keep the contribution room and contribute next year when the tax rate is higher, thus enjoying a larger benefit?

That would depend on where your marginal tax rate bracket falls. Is it in the T2 2016 tax CUT bracket or the higher 1%er tax INCREASE bracket?

#185 waiting on the westcoast on 02.05.16 at 11:32 am

Jobs report out… 151k jobs. According to the article, 80k growth is needed for stability so still significant growth. Also wage gains were good. Overall not as good as we have had over the past couple of years but still solid.

http://www.cnbc.com/2016/02/05/us-created-151000-jobs-in-jan-vs-190000-est-unemployment-rate-at-49.html

#186 A Canadian Abroad on 02.05.16 at 11:56 am

#185 waiting on the westcoast : Jobs report out… 151k jobs.”

Also US unemployment rate is now 4.9% vs 5.0%. I didn’t read any economist forcasts last week suggesting a drop in the rate.

Vs. Canada, which went from 7.0 to 7.2% (7.4% in Alberta a 0.4% increase).

I’d still like to see Canada RAISE interest rates this year to cool the RE market which is very overbought.

US is very likely now to RAISE interest rates still this year.

LINKEDIN stock plunges 40% this morning.

#187 Jenn on 02.05.16 at 12:03 pm

Glad to hear that Bandit is on the mend! Thanks for the photo – it made me smile. What a beautiful dog!!

#188 Leo Trollstoy on 02.05.16 at 12:14 pm

#183 waiting on the westcoast on 02.05.16 at 11:21 am

lol walmark of Sadkatoon is such a clown. truly lo bar life skills hahaha

#189 VanMan on 02.05.16 at 12:19 pm

#177 TRT on 02.05.16 at 10:45 am
Vancouver home just went for $800 K over asking price.

Now tell us this is locals doing this with a straight face.

It’s not an inconceivable thought to believe that this is an ingenious method of moving as much cash as possible out of countries such as China. Sure the real estate values may decline, but the fact that the cash is now into the Canadian system allows for it to be withdrawn and re-distributed.

#190 NTH on 02.05.16 at 12:34 pm

Bandit,
I’ll have an extra hot chai tea latte, no fur, thanks.

(Very pleased to see this gorgeous pup is feeling better, thanks GT for the update!)

How a man treats his dog is also how he will treat his children.

:-)
Not Tonight Honey

#191 Ogopogo on 02.05.16 at 12:35 pm

Need to order a bulk order of these cones to put around every Kelowna realtor. It won’t stop them from barking lies, but at least they won’t bite unsuspecting virgins.

Glad to hear Bandit is on the mend.

#192 cramar on 02.05.16 at 12:49 pm

179 45north on 02.05.16 at 11:21 am

Cramar: Simple answer to this. For normal incomes, you cannot live in the GTA and buy a house. You can have one, but not both!

It was a choice I had to make four decades ago. If I was a Millennial today, I’d have to made the same choice.

so what did you choose?

————–

Circa 1975, sitting in a rented townhouse in Brampton walking distance to work at Nortel, supporting a wife and two small kids, I realized I would never own a house in the GTA. Way too expensive and prices as well as mortgage rates were rising seemingly weekly. Made the choice. Found a job in Kitchener at a large pay cut, and moved. Rented a townhouse for a year, then bought a fixer. Price $33k with $13k down, and $20k mortgage at something like 16% interest. Sounds cheap, but I was only making $7,200/yr at the new job. Once wife started working, paid down mortgage every 5 years until it was gone. Lived there until retirement in 2012, then again moved to a smaller, cheaper location and bought a fixer.

Don’t have facts on east of GTA, but anything around London west is far cheaper than GTA and affordable with an average wage job.

#193 James2 on 02.05.16 at 12:54 pm

#123 MF on 02.04.16 at 10:41 pm

#84 Smoking Man on 02.04.16 at 8:45 pm
Indeed. I read the crossfire between you and them. James2 never had a chance. Walked into the ring and it was over.

I gotta give dipper some props. Put up a good fight. Was taking a pounding from all angles having a war on two fronts with you and Garth, and still lasted many rounds before eventually succumbing.

Life lessons.

MF
…………………………………………………………..
I don’t recall walking into a ring? At 193cm or for you old guys (SM) that’s around 6’4″ plus my weight is 100 Kg, I’m not a bantam weight fighter. However if you ever fancy it we can meet up at my kickboxing club in Newmarket. Warrior Mixed Martial Arts. I’ll buy the loser a beer.

#194 jess on 02.05.16 at 1:12 pm

my 5 year parti spaniel broke ball joint /socket vet glued it together pinned and screwed -1000 dollars that was 1988 no limps or clicks ran like the wind died @ 14

============
whistleblowers and ETP’s

In a letter that was logged in at the SEC on January 13, 2016 these authors wrote:
https://www.sec.gov/comments/s7-16-15/s71615-60.pdf

….”The vast majority of ETPs have very low levels of assets under management and illiquid trading volumes. Many of these have illiquid underlying assets
and a large group of ETPs are based on derivatives that are not backed by physical assets such as stocks, bonds or commodities, but rather swaps or other types of complex contracts. Many of these products may have been designed to take what were originally illiquid assets from the books of operators, bundle them into an ETP to make them appear liquid….

#195 LP on 02.05.16 at 1:16 pm

#190 NTH on 02.05.16 at 12:34 pm

Actually, I’ve never once hit a dog but I’ll admit to swatting a couple of behinds in my time.

#196 Mark on 02.05.16 at 1:19 pm

“It’s not an inconceivable thought to believe that this is an ingenious method of moving as much cash as possible out of countries such as China”

Why would anyone want to do that though? If anything, the cash is leaving countries like Canada, going towards China to purchase assets which are either distressed. Or currency on the cusp of what appears to be a significant deflation taking hold in China after excess investment in its export sector.

The Yuan appears to be going much higher. Exporters can try to devalue in the short term, but eventually the fundamentals win out. Same as is the case for Canada.

#197 cauliflower on 02.05.16 at 1:32 pm

Damn, i though we’ll see superinflation but the prices are going down, cauliflower first, then houses!!!
T&T Supermarkets (GTA) – Organic Cauliflower $0.98ea (Fri-Mon Only)

#198 Rational Optimist on 02.05.16 at 1:48 pm

http://www.bloomberg.com/news/articles/2016-02-05/fed-can-find-plenty-of-positives-in-details-of-latest-jobs-report

“Don’t cross out a March hike just yet”

Mark it on your calendars: March 16, less than six weeks away. Next rate hike.

#199 MF on 02.05.16 at 2:05 pm

#156 NoName on 02.05.16 at 4:11 am

“MF stop being sukap, be a man, or at least like be like Mark.”

Buddy this place was a shit show yesterday. The people upset were the people called out.

Again,

fluffs given: zero.

MF

#200 bdy sktrn on 02.05.16 at 2:06 pm

a couple weeks ago i took my big rescue boy who was supposed to be fixed (not) in for a tragic denutting at the vet.

vet sent him home with a cone because “he was licking it”. “leave it on for a week”
got home took the cone off as soon as we got in the door , told him “don’t lick it”. he complied.

f the cone.

#201 bdy sktrn on 02.05.16 at 2:14 pm

tesla soon to be 50% off high

#202 Nagraj on 02.05.16 at 2:33 pm

GT the other day on how ”every hick hamlet in Japan” has got a new seawall . . . well, I see where Cowland (id est, the “Province” of “Alberta”) is gettin’ hundreds of millions ($700M Loonies) for Roundabouts (traffic circles) and bridges.
Lemme tell ya somethin’, cows don’t need no traffic circles. Or bridges. (Never seen a Western? Cows SWIM across rivers. Rawhide!) Besides, Dalton McQuack put a Roundabout in every hick hamlet in Ontariariario (some places even got two) and people keep havin’ accidents in ’em.
Of course when the last of all the oily carpetbaggers finally manages to crawl outa Montana North, then the cowboys’ll have the traffic circles all to themselves and they can have chuckwagon races on ’em. Yeehaw!

Ever see any of those Japanese TSUNAMI you tube videos? First everything’s nice, then WOOEE WOOEE WOOEE and Tokyo Rose says: “Everybody run to HIGHER GROUND!” But nobody does. And then all of a sudden –
They need those new seawalls.

Alberta was meant to be a big quiet empty place. Just leave it alone. (Ditto for “Newfoundland”.)

#203 Smoking Man on 02.05.16 at 2:39 pm

Wow Suzuki has lost his marbles.

Wants to jail climate sceptics starting with Harpo. Here come the brownshirts.

http://www.climatedepot.com/2016/02/04/green-activist-david-suzuki-climate-skeptics-should-be-thrown-in-jail/

#204 Learner on 02.05.16 at 2:47 pm

Hi,

I’ve already stuffed USD investment in my RRSP as it is completely no tax withheld at source untill I withdraw, I got that. Now I have a question about tax for putting USD$ ETF/stock in TFSA: I understand any USD$ dividend will be subject to 30% tax withheld at source. Is there same 30% tax withheld for capital gains or no tax for capital gains, for a stock/ETF traded on US exchange?

I have googled. Most postings just discuss about the tax on USD$ dividend inside TFSA. No straight answer for the tax on USD$ captial gains. Can anyone please help out the topic or give me a link?

Thanks,

#205 Vundo on 02.05.16 at 2:50 pm

#181 Chris: why are you comparing the incomes of couples to those of individuals? If anything, the tax advantages for married couples with huge income disparities are an unfair subsidy of their lifestyle choices.

#206 James2 on 02.05.16 at 2:59 pm

I was really slamming my TFSA for the last five years. The double contribution was perfect. Then Justin Junior took it back 50%. Killjoy! What does he care he inherited money and now he has a hall pass at Prarlee Hill.

#207 bdy sktrn on 02.05.16 at 3:05 pm

i get the feeling the ppt is not coming to the rescue today

naz 3.44
sp500 2,22
dow 1.67

cash looking ok

#208 Gregg on 02.05.16 at 3:18 pm

Willd @ 42:

#2. Would it be wise to keep the contribution room and contribute next year when the tax rate is higher, thus enjoying a larger benefit?

Yes & yes. — Garth

Wouldn’t Will be better to contribute this year, enjoying an extra year of compounding but waiting until next year to claim the deduction when the tax savings are more??

Indeed. — Garth

#209 Prairie Oysters for All on 02.05.16 at 3:18 pm

#202 Nagraj on 02.05.16 at 2:33 pm

GT the other day on how ”every hick hamlet in Japan” has got a new seawall . . . well, I see where Cowland (id est, the “Province” of “Alberta”) is gettin’ hundreds of millions ($700M Loonies) for Roundabouts (traffic circles) and bridges.
Lemme tell ya somethin’, cows don’t need no traffic circles. Or bridges. (Never seen a Western? Cows SWIM across rivers. Rawhide!) Besides, Dalton McQuack put a Roundabout in every hick hamlet in Ontariariario (some places even got two) and people keep havin’ accidents in ’em.
Of course when the last of all the oily carpetbaggers finally manages to crawl outa Montana North, then the cowboys’ll have the traffic circles all to themselves and they can have chuckwagon races on ’em. Yeehaw!

Ever see any of those Japanese TSUNAMI you tube videos? First everything’s nice, then WOOEE WOOEE WOOEE and Tokyo Rose says: “Everybody run to HIGHER GROUND!” But nobody does. And then all of a sudden –
They need those new seawalls.

Alberta was meant to be a big quiet empty place. Just leave it alone. (Ditto for “Newfoundland”.)


Don’t drive a car do you in metrosexual TO where they spawn the eco-commies – you slimy hypocrite.

#210 Blacksheep on 02.05.16 at 3:26 pm

Noel # 168,

“My favorite part about the conspiracy theorists”
——————————————–
I’ve noticed your posts on, & interest in, conspiracy.

This is a repost of my response to HD, made a while back. I saved it because it explains my personal beliefs, in regards to the topic of “conspiracy theorist”.

If my reasoning below is flawed, you or anyone, can please feel free to point out the error in my thinking.
——————————————-
“HD #218,

“what if your overexposure to the topic clouded your judgement through disinformation and hindered your ability to make an educated decision?”
——————————————
Blacksheep:

“Years ago I reviewed a great deal of information on this topic. Much of it was unsupported conjecture, but a very small % of it, was simply unexplainable.

This IS the low hanging fruit. The easy target. The debate I cannot lose, because its based on Physics….

Unless of course some sneaky terrorist activated his suitcase sized, Hadron Collider that fate filled Manhattan morning, creating a Black Hole and thus throwing all laws of physics into a state of disarray…..I got this.

See, I don’t need to explain or know what took place, I only need to find a single undeniable Physics anomaly to prove, it could not have happened as advertised and the whole story comes unglued.

Garth, your stand up friends and every one else, is of course free to believe anything they choose. We just happen to have a different take on things and that just fine with me.

Thanks for the convo.”

#211 Entrepreneur on 02.05.16 at 3:42 pm

Oh, those eyes, get us every time. We love our pets and do what we can. Printed out the above info, all is useful, thanks.

I would like to think that foreign investors are a low percentage but that is only on paper; whereas, money laundering is another tale and another statistic. Where is the data on the latter, even if it is hard to acquire?

On Russia: Russia does not have the farmland as Ukraine or the many farmers. Years ago on a documentary on Russia, their local markets were short on food items. Noticed on the latest news that the Russian soldiers look week. Russia needs Ukraine for more reasons than natural gas.

The day will come when the youth rule, right now we are in transition (good or bad?), your time will come (hopefully soon & on the right path).

Keep the funky algebra coming No Name, LOL.

#212 Siva on 02.05.16 at 3:42 pm

Building 7 was pulled down because the structure was weakened and deemed unstable and dangerous for emergency crew to work on the site. It was reported on all channels. I heard it on CNN back then. It was no secret.

#213 Van604 on 02.05.16 at 3:43 pm

Yay for Bandit. Good to see he’s doing well.

#214 jess on 02.05.16 at 3:48 pm

smoking man should these types not be in front of the jail line?

60 Minutes Raises the Question: Are Dirty Lawyers Running the U.S.

“They don’t send the lawyers to jail, because we run the country.”

======
Raul Salinas account.

Robert L. Roach, Counsel to the Senate investigation, testified that the Relationship Manager’s role is to function as “in-house advocates” for the interests of their clients. Roach explained the services provided to Salinas, brother to then President of Mexico, Carlos Salinas, as follows:

“The private bank…established a shell company for Mr. Salinas with layers of disguised ownership. It permitted a third party using an alias to deposit funds into the accounts, and it moved the funds out of Mexico through a Citibank concentration account that aided in the obfuscation of the audit trail. Cititrust in the Cayman Islands activated a Cayman Island shell corporation called a PIC, or private investment corporation, called Trocca, Ltd., to serve as the owner of record for the Salinas private bank accounts…

“Cititrust used three Panamanian shell companies to function as Trocca’s Board of Directors. Cititrust also used three Cayman Island shell companies to serve as Trocca’s officers and principal shareholders. Cititrust controls all six of these shell companies and routinely uses them to function as directors and officers of PICs that it makes available to private clients. Later, Citibank established a trust, identified only by a number, to serve as the owner of Trocca, Ltd. Raul Salinas was the secret beneficiary of the trust.

“The result of this elaborate structure was that the Salinas name did not appear anywhere on Trocca’s incorporation papers. The Trocca, Ltd. accounts were established in London and Switzerland…

http://wallstreetonparade.com/

#215 BahBop on 02.05.16 at 3:52 pm

Garth and everyone here will enjoy this one:

http://www.huffingtonpost.ca/2016/02/05/canadians-hoarding-cash-75-billion-bmo_n_9161906.html?utm_hp_ref=canada

#216 acdel on 02.05.16 at 3:52 pm

#202 Nagraj

Actually the cows we have here in AB do very well on Roundabouts and Bridges; must be the breed, never have seen an accident between them. They do tend to leave a few patties behind that can be very hazardous to morons like you.

#217 Big Dipper on 02.05.16 at 3:57 pm

#203 Smoking Man on 02.05.16 at 2:39 pm

“Wow Suzuki has lost his marbles.

Wants to jail climate sceptics starting with Harpo. Here come the brownshirts.”

http://www.climatedepot.com/2016/02/04/green-activist-david-suzuki-climate-skeptics-should-be-thrown-in-jail/

————————————-

Absolutely! Criminal negligence! Crimes against Canada for starters. As Harper is a Fundy, a mitigating factor is that he beliefs only God can change the climate.

For the other wilfully ignorant, such as you, there will be long incarcerations in re-ed. camps. See you there, Comrade!

#218 TheAwakenedOne on 02.05.16 at 4:00 pm

Hey Garth,

First time seeing Bandit… and must say you two look quite alike: both hairy, shaggy… kinda pensive, cuddly look ! :O)

#219 april on 02.05.16 at 4:05 pm

#177 – They might have dropped the price low enough to get a bidding war started so up goes the price to the original price the owner wanted in the first place.

#220 SWL1976 on 02.05.16 at 4:15 pm

#212 Siva

Building 7 was pulled down because the structure was weakened and deemed unstable and dangerous for emergency crew to work on the site. It was reported on all channels. I heard it on CNN back then. It was no secret.

————————-

Well if that’s the case, I guess it was good planning to have the building prewired with demolition expolsives prior to that fateful day

Check mate on that theory mate

#221 TurnerNation on 02.05.16 at 4:29 pm

Facinating Siva. Wondering what so weakened a large building suddenly, and how a safe and complete impromptu demolition was suddenly carried out. Very fast crew eh! Whipping that up so fast.

#222 NTH on 02.05.16 at 4:29 pm

#195 LP on 02.05.16 at 1:16 pm

Actually, I’ve never once hit a dog but I’ll admit to swatting a couple of behinds in my time.

=================================

As a general assessment strategy there is a strong correlation between treatment of pets and treatment of vulnerable family members and even others (think about sociopaths & the frequent appearance of early childhood animal cruelty).
It’s a reliable tool for social workers, psychologists, and paediatricians etc. Especially for those of us that still offer house calls. I always check out the pet situation as I visit a new client, always. If one ever finds such a professional asking about you about your pet(s) it’s probably not just idle chit-chat…..

cheers,
NTH

#223 RED on 02.05.16 at 4:30 pm

#212 Siva
Good job super sleuth SIVA #212 Siva !
NOW DO YOU REALIZE THAT THESE TYPES OF EXPLOSIVES TAKE DAYS IF NOT WEEKS TO SET UP???
NOT 5 HOURS!

KEEP READING

#224 RED on 02.05.16 at 4:32 pm

Sazuki is an idiot. ASK HIM ABOUT THE CARBON FOOTPRINT OF 5 HOUSES!!
Wow I’m mad today! Sad he is Canadian.

#225 neo on 02.05.16 at 4:57 pm

Garth,

Tangerine is offering 1.5% RRSP loan right now. That’s better than 2.75%.

#226 Smoking Man on 02.05.16 at 5:03 pm

#217 Big Dipper on 02.05.16 at 3:57 pm
#203 Smoking Man on 02.05.16 at 2:39 pm

“Wow Suzuki has lost his marbles.

Wants to jail climate sceptics starting with Harpo. Here come the brownshirts.”

http://www.climatedepot.com/2016/02/04/green-activist-david-suzuki-climate-skeptics-should-be-thrown-in-jail/

————————————-

Absolutely! Criminal negligence! Crimes against Canada for starters. As Harper is a Fundy, a mitigating factor is that he beliefs only God can change the climate.

For the other wilfully ignorant, such as you, there will be long incarcerations in re-ed. camps. See you there, Comrade!
………….

Nah, after four years of socialism and the complete destruction of the Canadian Economy it’s going to be 100% Tory Parliament majority.

Only place you will see a big dipper is in the North East Sky.

#227 Smoking Man on 02.05.16 at 5:14 pm

#223 RED on 02.05.16 at 4:30 pm
#212 Siva
Good job super sleuth SIVA #212 Siva !
NOW DO YOU REALIZE THAT THESE TYPES OF EXPLOSIVES TAKE DAYS IF NOT WEEKS TO SET UP???
NOT 5 HOURS!

KEEP READING
………..

Visuals I get lately is Suzuki and Gore meeting up at Starbucks, exchanging learjet brochures and saying to each other.

“Finally, can you believe this? our scam is paying off, everyone forgot about Climate Gate, hahahahah.”

#228 Smoking Man on 02.05.16 at 5:16 pm

#214 jess on 02.05.16 at 3:48 pm

That’s just business. There is lots of shit in my vault going to the grave with me.

#229 Big Dipper on 02.05.16 at 5:19 pm

#224 RED on 02.05.16 at 4:32 pm

“Sazuki is an idiot.”

———————————————

Right! Sazuki IS an idiot. Suzuki however, is a smart person who speaks the truth.

You get mad easily.

#230 Redman on 02.05.16 at 5:21 pm

Garth,

What if there is 0$ in my TFSA, should I still go for the RRSP loan first? I make 65k p.a.

#231 Siva on 02.05.16 at 5:24 pm

“If we get back to the trend we are looking at a 40% to 50% drop in house prices on average.”

http://youtu.be/TgUXWfbKWZ8

#232 ROCK BEATS PAPER on 02.05.16 at 5:32 pm

When you are gold kicking you don’t get paper cuts.

Gold haters must think they are more learned than the Indians and Chinese.

Funny

#233 Stoopid Idiot on 02.05.16 at 6:05 pm

I guess I just don’t do Lap Dog Boot Lick well, good luck

#234 Chris in Nanaimo on 02.05.16 at 6:50 pm

#205 Vundo

No I’m comparing the tax a family pays for one vs two working parents. E.g. A single income family earning $120k probably pays more tax than a family where both parents earn say $60k each, or whatever the break points are for tax bands. Income splitting is meant to even that out.

#235 Ronaldo on 02.05.16 at 6:50 pm

#161 telescopic testicles

You’re right. Absolutely was a missile. At least according to a video I just watched.

#236 espressobob on 02.05.16 at 7:34 pm

#232 ROCK BEATS PAPER

When you are gold kicking you don’t get paper cuts.

………………………………………………………………………

Not exactly. Gold is not legal tender, therefore any gains made on this trade are taxable. Any trader will tell you, it’s better to own the miners. The upside can be explosive compared to the underlying commodity. But this is speculative.

The same can be said about oil. Why own an OIL futures ETF? Natgas futures “GAS” being an old claymore ETF is toast. Traders own producers, refiners, drillers etc. Pure gambling.

Globally diversified ‘broad based’ index investors own all sectors, all cap, and don’t have any need to time the markets. Downside for us is an opportunity.

Which camp would you prefer to be in?

#237 TCContrarian on 02.06.16 at 6:06 pm

Garth – Without mentioning Nine Eleven again (actually, never again), …

Probably not the best forum to discuss these matters, agreed – but why the self-imposed censorship?

I mentioned a little ‘bet’ last day (if I’m provided with irrefutable proof that an ACTUAL Jet smashed into the Pentagon on 9.11, I pay up $1,000; otherwise I get $100 which I’ve offered to donate to “loser’s” preferred charity).
Interesting to note that no-one has come back to get their $$ (or pay-up, I’m afraid).

Another interesting fact – we (CT’s), refer to physics and evidence to prove our views, and we get attacked in various ways.
The ‘official’ version is all suppositions backed by NO hard evidence – yet, that ‘theory’ is accepted by mainstream as ‘fact’!
Truth is stranger than fiction, for sure. But one thing is for sure: I WILL NOT BE MUZZLED INTO SILENCE BY ANYONE.

Back to investing…

My energy-loaded p/f nicely up last couple weeks, as are my golds. Covered my short positions in SPY as I expect a nice little rebound (perhaps to ‘kiss’ the 200MA…before the next plunge).

Finally, I convinced a relative to sell a 65-yr-old rental ‘shack’ in YVR. Should get over $1.7M! Was appraised at $1.1M a year ago.

#238 Brazil ex-pat on 02.06.16 at 9:47 pm

#203 Smoking Man on 02.05.16 at 2:39 pm
Wow Suzuki has lost his marbles.

Wants to jail climate sceptics starting with Harpo. Here come the brownshirts.

http://www.climatedepot.com/2016/02/04/green-activist-david-suzuki-climate-skeptics-should-be-thrown-in-jail/

+++++++++++++++++++++++++++++++++++

Be happy knowing its only brainwashed people in N.Amerca that believe in climate change. Everyone else in the world knows its a scam designed to control and tax.

#239 Herb on 02.07.16 at 6:16 am

#238 Brazil ex-pat, SM misc.

…its only brainwashed people in N.Amerca that believe in climate change.

In the key of Oliver the Jeweller, “Oh yeaaaa.” (Pity you don’t get those commercials in Brazil.)

And climate change denial is all about freedom, the freedom of the industry to carry on regardless. That’s why they finance it so altruistically.