The bestowal

In a few days it’ll be a Thanksgiving as never before.

Seven months of pandemic. A shortfall of $350 billion in Ottawa. Mortgages at 1%. A real estate boom in a recession. Business failures everywhere. Grounded airplanes. Black Lives Matter and Proud Boys. Masks everywhere. The American president hospitalized. A second wave.

And yet we are thankful. Life is lived in degrees, not absolutes. In comparison to so many, we remain blessed. Blog dog William sends along a reminder.

So I’m sitting with a long lost friend who I discover is homeless in Toronto. After long discussions about how a CAnada Pension Plan check just doesn’t cut it in the big smoke … or which food bank is the best …. or which public library is prepared to look the other way if you’re  having a nap after having been on the street all night, I decided to try and cheer up my friend.

“Do you have a credit card?”, I asked him. “Of course not”, he said.

“How about a car loan?”

“I have a used bike that weighs a ton — but no car loan”, he replied.

“A mortgage, HELOC, loan of any kind?” I pressed on.

“Duh!!  I’m homeless — why would I have a mortgage — and no I have no other loans!”  he said.

I asked if he had money in his pocket and he took out a wrinkled $5 dollar bill. “That’s good”, I said.  “Now straighten out the wrinkles and slam that 5 bucks on the table like a big time operator!” I commanded.

He slammed the table hard Enough to gain a few stares from  nearby tables

Then I said to him, “Congratulations — you’re in the top 1/2 of the Canadian population in terms of personal net worth — your assets are greater than your liabilities…. now let’s work on your cash flow”.

He smiled and we raised a glass.

        

Look at those property deals going down. Record prices in the GTA. A 53% surge in offers in Vancouver. Hell, even in Calgary – ground zero for moaning and vexing – transactions last month up 34%, prices ahead 9% and listings down by a tenth.

The cheapest mortgage rates ever have played a part. WFH is a thing many believe is permanent (silly them). And above all, nesting is the driving force behind the most improbable housing bubble in modern history. The hasty exodus to the burbs continues apace. Look at southern Ontario, for example. Sales are up 18% in 416 – which used to be the crown jewel of the region – while they’ve surged 50% in York, 55% in Durham, 45% in Peel and 73% in Halton, where the cattle are buried. Same pattern in the LM – but in Vancouver, notably, condos are not being abandoned at the same rates as in Toronto. (Urban rents have now dropped well over 15% in the Six. More to come. Landlords are punked.)

But, but. Is this a market surge teetering on capricious emotion, not rooted in manly economic facts?

Of course. And you should eschew it.

Toronto broker and real estate franchise owner Marvin Alexander raised the alarm with his colleagues a few days ago. Writing in an industry mag he reports a ton of buyers (thirty last month alone in his shop) are buying houses, winning bidding wars, then not showing up with deposit cheques – throwing the process into chaos.

It’s “a startling trend that started becoming apparent about three months ago but has since ramped up to the numbers we are experiencing now,” he says. And while a buyer may have agreed to a firm, unconditional purchase, by not coughing up the deposit cash he can walk away without consequences. That’s because the jilted seller, in order to find legal remedy, must (a) wait until the agreed-upon closing date passes – weeks or months later – then (b) begin proceedings which will take months more and (c) wait for a judgment until the property sells again, which will only come if the subsequent sale price is lower. Then (d) he must try to collect. And good luck with that.

Why is this happening?

First, the market is insane, irrational and emotional. People make stupid offers in a contested situation, then think better of it when the morning comes. Second, lenders tell buyers they paid too much and won’t finance the deal. Or, third, desperate greater fools make multiple bids on several listings, thinking they can decide later which property they want (if successful). In any case, it all underscores the fragility and flakiness of the current situation.

By the way, did you catch the news about bubbles? The latest UBS global report lists the GTA as the No.3 Stupidest Place on the Planet for property prices, even way ahead of YVR (only Munich and Frankfurt are worse – but have lower ownership rates). So Toronto now is at significant risk of a “sharp correction” because of the unprecedented price romp in the middle of a pandemic. Thus UBS joins Moody’s and CMHC in sending up the warning flare.

But nobody ever cares. Until it happens to you. Like in the Rose Garden…

        

Donald Trump says he feels better (with the best medical care in the world). He has yet to tell people his infection underscores the need for social distancing and mask-wearing. We’ll see.

Meanwhile, says Scotiabank, this is what his infection has done to the odds of winning next month’s election.

We’re into some uncharted waters now. Markets will be choppy and volatility enhanced. You may be tempted to go to cash, day trade, stockpile bathroom tissue or even buy a $900,000 townhouse on some treeless street of ennui in suburban Milton.

Don’t. You will be thankful.

172 comments ↓

#1 TurneraNation on 10.04.20 at 11:15 am

We probably should congratulate the [email protected] on their stunning victory over our Way of Life.

Women’s rights have been dialed back by hundreds of years.
In my UN-occupied Prefecture the following are enshrined in law.
-Women no longer may hold weddings
– Women no longer may cross the border.
– Women must wear face coverings in public.
– Women must walk 6 feet behind people out of respect/deference
– Women no longer may sing nor dance in public.
– In some other occupied regions in QC women may no longer leave the city or drive at night.
– Women owned businesses are being ordered closed by the new CV religious police.

Welcome to the new world order. Decades in plan. Days in rollout. Every single leader is on board.

You’ve come a long way, Baby.

#2 Krissy Lannye on 10.04.20 at 11:20 am

Don’t forget about all those CHIP commercials in Canada and reverse mortgage commercials with Magnum P.I. guy in the U.S. about how a reverse mortgage has saved millions from financial ruin and a better retirement.

They turned a house, home, place to live into a ATM machine with borrowing costs, interest rates at 5%+ and fees in the thousands. This is a time with ultra record low in history interest rates.

This is what happens when you think your house is the greatest investment since sliced bread. Canadians and Americans are so clueless and this will be the downfall of both our countries.

#3 TurneraNation on 10.04.20 at 11:28 am

Learning to love Big Brother. I spotted a young couple outside. Nobody else around. They exchanged a kiss through their Freedom Masks.
They love Big Brother and the permanent CV protocols, designed to end our way of life.
Go ahead and hold a fall fair. You’ll do hard time.
People might get sick and overwhelm hospitals and Granny dies!
Our global rulers ain’t letting up on this WW3 bombardment. Never forget this battle is for your mind.

***
Breaking, Canada’s top doctor finds that the virus tends to hover at foor feet in the air. New recommendations are that your crawl on all fours while at home.
Outside it would be acceptable to kneel on a skateboard while using a shortened hockey stick to move yourself around.

#4 Dougie on 10.04.20 at 11:30 am

Urban rants have now dropped… I love it. Many a true word spoken in a typo.

#5 crowdedelevatorfartz on 10.04.20 at 11:31 am

It’s scary to think that a homeless person with zero debt and a $5 bill in his pocket is in the top 1/2 of Canadian’s personal net worth…….

As for Trump, ” ….It is what it is….”

#6 El presidente on 10.04.20 at 11:34 am

No one signs a blank sheet of paper with a sharpie like me….

#7 Piano_Man87 on 10.04.20 at 11:39 am

What the heck is going on in this country? In Saskatoon, to end of Sep, 2020 has posted more sales than previous years.

https://jbuc61.wordpress.com/2020/10/01/post-230-september-in-review/

#8 Apocalypse2020 on 10.04.20 at 11:42 am

The unraveling ahead of us in the next weeks will be unparalleled in history.

30 Days To Global Catastrophe

PREPARE

#9 El presidente's vitals on 10.04.20 at 11:43 am

https://twitter.com/DrEricDing/status/1312778603583754240?s=19

#10 Cliff on 10.04.20 at 11:45 am

Doesn’t the fact that no deposit check changed hands when the offer was made automatically negate the deal? Doesn’t the deal collapse immediately and the owner goes back to square one?

No. A contract is a contract. Once signed it has legal force. – Garth

#11 Inequity on 10.04.20 at 11:54 am

I’m going to CASH!

As in 35% US cash traded ETFs in my portfolio. ;)

#12 belly rubs on 10.04.20 at 11:54 am

The “bestowal”. Like, for throwing it in.

#13 Pandemic my derriere on 10.04.20 at 12:01 pm

Cases, cases everywhere and not a dead body to show on commie canadian prime TV…ROTFL

Every kid with a runny nose is a case, the proles after six months of indoctrination have lost their mind.

#14 Yukon Elvis on 10.04.20 at 12:15 pm

The virus is temporary. It shall pass as stated here so often. Low interest rates are here to stay, it is a world wide phenomena. Minuscule interest rate hikes may come but not enough to cause much pain, whole economies would crash. Never been a better time to be a borrower, never a worse time to be saver.

#15 WhyAreRealtorsAThing on 10.04.20 at 12:24 pm

The fact buyer’s can walk away leaving sellers in the lurch at absolutely no penalty shows that our legal system is broken and the protections afforded sellers who cough up 6% of their selling price just aren’t up to snuff.

Realtor insurance should cover the shortfall or penalties while brokerages earn their keep by enforcing the transaction and going after the irresponsible buyers in court. At fault of this, why do selling realtors even exist offering no value above access to a website?

This type of behaviour is a big part of the run up in prices in in demand areas and curtailing it wouldn’t solve all ills but would at least help.

#16 Andrewski on 10.04.20 at 12:24 pm

Blog dog William‘s observations are spot on!

#17 Tbone on 10.04.20 at 12:40 pm

Buyers that simply walk away from a purchase should get a month in jail .
I’ll bet that would modify behaviour and problem would be solved.
Buyers would make sure they have all their ducks in a row before making an offer .
While they’re at it throw their agent in jail too for submitting a bogus offer …lol

#18 Inequity on 10.04.20 at 12:40 pm

#8 Apocalypse2020

Is this the squeal to the 2012 nothingburger? Lol

….so many nut bars on this site. Sigh

#19 Joseph R. on 10.04.20 at 12:41 pm

#13 Pandemic my derriere on 10.04.20 at 12:01 pm

Every kid with a runny nose is a case, the proles after six months of indoctrination have lost their mind.

———————————————————

Mr. President, how are you feeling this morning?

#20 Chris Thompson on 10.04.20 at 12:42 pm

Yukon Elvis, with $1 million to $1.25 million homes in GTA, Vancouver and inching closer in Montreal, Victoria etc. etc. you have already got ripped off on something called prepaid interest.

All the interest you should of paid over 15, 20, 25 years is just paid upfront. A $400,000 house at 8% mortgage versus a 2% $1,000,000 house is actually being worse off today. This is basic math and with all the higher development fees, higher H.S.T., closing costs, higher CMHC, insurance premiums etc. it is even worse.

Keep drinking the koolaid about low to lower interest rates. Also, this double BS about very low interest rates makes it the best time to be a borrower and then we keep hearing we have a housing affordability crisis in Canada especially for new or first time buyers. You can’t suck and blow at the same time. You are all lying to yourselves.

This is the problem with our society today, nobody thinks critically anymore and then when things go terribly wrong you are all stunned. Keep going keep your heads in the sand Canadians.

#21 Pierre on 10.04.20 at 12:46 pm

“you’re in the top 1/2 of the Canadian population in terms of personal net worth”

Any link or data to get to that interesting number?

From 2016:
“Eight percent of Canadian families have less than $500 in net worth”

https://www150.statcan.gc.ca/n1/pub/11-626-x/11-626-x2019003-eng.htm

#22 Tulips on 10.04.20 at 12:50 pm

Don’t. You will be thankful.

—————————————————

For the past 15 years I didn’t. Not feeling so thankful about that now. Calling this a bubble means real price drops are coming. We’ve been wrong about that time after time. Maybe, just maybe, we’re in a system that will hold the masses in perpetual debt, keep the economy from getting back to enough growth to bring back inflation, keep interest rates low for years or even decades, and keep housing prices soaring into the stratosphere as they are now. If it doesn’t pop, it’s not a bubble. If that’s how it plays out, perhaps we’ll be more thankful if we buy now rather waiting for the pop that’s never coming.

#23 Grunt on 10.04.20 at 12:51 pm

Milton, Halton = mosquitoes. Tons of them at the best time of the year.

#24 Penny Henny on 10.04.20 at 12:52 pm

#16 Andrewski on 10.04.20 at 12:24 pm
Blog dog William‘s observations are spot on!
///////////

fake story. William lies!

#25 Jock Blande on 10.04.20 at 12:54 pm

Polls had Hillary 16 so far ahead she stayed home bleaching her drives. Canadians only see the Democratic theater at play in the US. Canadians do not understand America. Americans by and large see past the Antifa, burning, looting and baby murder as theater.

No one in middle America thinks that America is all wrong. The vast majority of blacks aren’t members of BLM. Canadians hoping for a CBC Trudeau/Biden bum-grab ticker tape weekend will be sorely disappointed, again. The percentage of Canadians commenting here who have lived in the US is miniscule. How so many Canadians seem to have become experts is slightly amusing. Joseph Goebbels is likely howling in laughter.

https://dailycaller.com/2020/10/01/far-left-extremism-anarcho-socialist-violence-network-contagion-research-institute/

#26 Millennial 1%er on 10.04.20 at 12:58 pm

Soon, that homeless man will be able to use his 5 loons as a down payment for a 500 thousand dollar mortgage.

#27 Flop... on 10.04.20 at 1:04 pm

Still lots of silly bugger games being played in Vancouver in regards to real estate.

Some detached properties have been asking 2017 prices and getting them in certain price ranges as the swing away from condo popularity continues

The strongest detached price bracket I have seen in Vancouver is the 1.5-2.0 one.

You’d think people would just be grabbing any old thing 2016 style, but that has not been the case from what I have seen.

There seems to be reluctance from both developers and first time home buyers to buy an East Van beater.

The developers seem to be favouring grabbing a Vancouver Special and doing a major renovation, and move up buyers, trading in their condos for a piece of dirt, but something relatively turn key seems to more in fashion, with restoration work already lumped into the monthly payments.

I saw this one come back up the other day for 999k.

In May 2018 they were asking 1.63

In August 2019 they were asking 1.38

They might get someone on the hook for around 1.15

https://www.zolo.ca/vancouver-real-estate/4987-hoy-street

Also as evidence for my observation that the bottom rung in Vancouver detached is still unloved, and people are proceeding cautiously, I will show you some of the cheapest options in Vancouver languishing on the market despite a period of depressed demand.

Some ones below 1.2 million have only a handful of day on market, but like the one on Hoy Street it’s because it had a price reduction after being pulled and was given a fresh start.

Here are some stale cheapos.

999k 53 days on market.
https://www.zolo.ca/vancouver-real-estate/8138-buscombe-street

1.15m 160 days on market.
https://www.zolo.ca/vancouver-real-estate/4715-lanark-street

1.16m 140 days on market.
https://www.zolo.ca/vancouver-real-estate/1878-se-marine-drive

1.18m 267 days on market
https://www.zolo.ca/vancouver-real-estate/786-east-45th-avenue

On and on…

Prices are still elevated but no it is nothing like before ( (circa 2015-2016) a lot of people got burned, even on the bottom rung.

I am watching a couple of purchases from that era try and get out without taking decent hit in my neighborhood.

The long list of others that took losses in my neighborhood are in the archives.

Keep paying the monthly, wait for the miracle, it’s Vancouver, anything is possible…

M46BC

#28 Sail Away on 10.04.20 at 1:05 pm

#25 Jock Blande on 10.04.20 at 12:54 pm

Polls had Hillary 16 so far ahead she stayed home bleaching her drives. Canadians only see the Democratic theater at play in the US. Canadians do not understand America. Americans by and large see past the Antifa, burning, looting and baby murder as theater.

No one in middle America thinks that America is all wrong. The vast majority of blacks aren’t members of BLM. Canadians hoping for a CBC Trudeau/Biden bum-grab ticker tape weekend will be sorely disappointed, again. The percentage of Canadians commenting here who have lived in the US is miniscule. How so many Canadians seem to have become experts is slightly amusing. Joseph Goebbels is likely howling in laughter.

—————

Uh oh. Now you did it.

Cue outrage from card-carrying Democratic Party of Canada blogdogs and counter outrage from card-carrying Republican Party of Canada dogs.

#29 El presidente on 10.04.20 at 1:18 pm

#19 Joseph R. on 10.04.20 at 12:41 pm

#13 Pandemic my derriere on 10.04.20 at 12:01 pm

Every kid with a runny nose is a case, the proles after six months of indoctrination have lost their mind.

———————————————————

Mr. President, how are you feeling this morning?

Never better… my osteopath has pumped me full of everything he could find….. now get me some sheets of paper to sign.

#30 belly rubs on 10.04.20 at 1:24 pm

“No. A contract is a contract. Once signed it has legal force.” – Garth

The oldest currency is word of honour, and it used to be attached to one’s good name. This was replaced by the handshake, then witnesses, then a paper trail. Imagine having such reverence for your reputation, that to breech a promise would be unthinkable. Social credit scores are not a new phenomena, “You can trust me, I never go back on my word. Bank on it. If I say I will be there at 9am, I will be there… Not at 9:01, and not at 8:59, but at 9:00am (precisely ;)”

Aside, I’d like to learn more about New Brunswick. I recently learned it existed. I thought Quebec butted up against Newfoundland then the coast. It was like finding out Pops was a sperm donor. I’ve never been east of Medicine Hat. Hey New Brunswick, how’s it shakin? Greetings from the wild west. One day I will take that train ride.

#31 TRUMP IS OUR JESUS! on 10.04.20 at 1:25 pm

crowdedelevatorfartz – Trump has already been on oxygen.

If he runs out of gas again, could you be available to assist?

#32 JacqueShellacque on 10.04.20 at 1:26 pm

If Scotiabank is so great at predicting US elections, I’m sure their profits never drop quarter by quarter…

In an age of discontinuity, projections and predictions are useless. The data being used for these is flawed, and/or the methods used to extrapolate them don’t work in outlier scenarios. The Supreme Court thing, Trump with the virus, millions of others with the virus, the closeness in many states threatening to render counts useless, the New Cultural Revolution, the shutdown economy, etc. Any nerd who thinks they can crunch numbers and provide a probability should not be listened to, especially when they’re able to say “Well, I did say Candidate X had a 29% chance of winning, and 29% probability events can happen…”. It’s charlatanism.

#33 ElGatoNerodeYVR on 10.04.20 at 1:29 pm

#28 Sail Away on 10.04.20 at 1:05 pm
#25 Jock Blande on 10.04.20 at 12:54
《》 Americans by and large see past the Antifa, burning, looting and baby murder as theater.

No one in middle America thinks that America is all wrong. The vast majority of blacks aren’t members of BLM. Canadians hoping for a CBC Trudeau/Biden bum-grab ticker tape weekend will be sorely disappointed, again. 《》

—————

Uh oh. Now you did it.

Cue outrage from card-carrying Democratic Party of Canada blogdogs and counter outrage from card-carrying Republican Party of Canada dogs.
==========
Hard to speak words more true than the above, matches everything I see on my FB feed from my American friends and the ocasional tidbits they drop in off the record conversations.
What I find personally baffling is that on this conservative leaning blog a lot of people seem to forget that Republicans are basically the equivalent of our Conservative party while the Democrats would be the mix of Liberals,NDP,greens . If you consider yourself conservative leaning can’t hate the Trump policies .
Now I get that a lot of us are centrist with conservative leaning, unfortunately we have no one to root for, really.

#34 CL on 10.04.20 at 1:31 pm

One wonders when or how this insanity will end. Or will it? I agree with all of your logic but you’ve been writing for over a decade and the crash never comes. Don’t worry, I am not a FOMO human. I could care less but the arrogance of highly indebted humans needs to be brought down.

I am not waiting for a crash but I watch in amazement. The moral hazard CMHC et al creates is obvious. Lenders say the economy is in tatters and real estate is on the edge but then where is the money coming from? From savers, that’s who. Without savers the Ponzi collapses yet savers get obliterated to serve the incompetent and uninformed.

What an amazing time this is in history for my lifetime anyway. Human nature has been the same since the beginning. The world may change but, humans never will.

#35 NSNG on 10.04.20 at 1:55 pm

Anybody following this?

Houston….we may have a problem.

The Three Gorges Dam:

A modern engineering marvel…supposedly.

It is 181 metres tall. The current level of the dam is 171m and rising, FAST.

http://3gd.mooo.com/

Being communist China, no one is saying much of anything. You get comments from them that they are letting it rise to fill the dam in the rainy season so as to offset the upcoming dry season. Others are not so sure. They have had a record of 21 floods in China this year (and we all know they have one of the oldest record keeping systems in the world). These floods have sent a ton of debris downstream and some speculate that the low outflow from the dam is due to garbage blocking the outflow valves.

Now here is the scary part. There are three nuclear reactors and about 350 million people downstream if this dam were to fail.

YIKES!

The world media has somehow not noticed this. That should tell you a lot since China has its ways of shutting
them down.

If you think 2020 has been throwing out black swans willy-nilly, this black swan is the mother of all black swans.

#36 SoggyShorts on 10.04.20 at 1:56 pm

#1 TurneraNation on 10.04.20 at 11:15 am
Please don’t bypass filters by changing your handle

#37 Stone on 10.04.20 at 1:59 pm

#33 ElGatoNerodeYVR on 10.04.20 at 1:29 pm
#28 Sail Away on 10.04.20 at 1:05 pm
#25 Jock Blande on 10.04.20 at 12:54
《》 Americans by and large see past the Antifa, burning, looting and baby murder as theater.

No one in middle America thinks that America is all wrong. The vast majority of blacks aren’t members of BLM. Canadians hoping for a CBC Trudeau/Biden bum-grab ticker tape weekend will be sorely disappointed, again. 《》

—————

Uh oh. Now you did it.

Cue outrage from card-carrying Democratic Party of Canada blogdogs and counter outrage from card-carrying Republican Party of Canada dogs.
==========
Hard to speak words more true than the above, matches everything I see on my FB feed from my American friends and the ocasional tidbits they drop in off the record conversations.
What I find personally baffling is that on this conservative leaning blog a lot of people seem to forget that Republicans are basically the equivalent of our Conservative party while the Democrats would be the mix of Liberals,NDP,greens . If you consider yourself conservative leaning can’t hate the Trump policies .
Now I get that a lot of us are centrist with conservative leaning, unfortunately we have no one to root for, really.

———

This blog is conservative?

I thought it was more middle of the pack with an array of cray cray on the fringes that are unfortunately a bit loud and sorely crave attention.

#38 justdeleteitifyoudontlikeit on 10.04.20 at 2:02 pm

“The fact buyer’s can walk away leaving sellers in the lurch at absolutely no penalty shows that our legal system is broken and the protections afforded sellers who cough up 6% of their selling price just aren’t up to snuff.”

Nope. What it shows is that the “standard” contracts proffered by realtors are crap. It isn’t hard to write a contract that says exactly what happens if the deposit isn’t delivered — and courts would enforce it as written.

#39 SoggyShorts on 10.04.20 at 2:03 pm

#87 Stan Brooks on 10.03.20 at 10:57 pm
#72 SoggyShorts on 10.03.20 at 6:58 pm

Find a place with lower cost of living and lower taxes.
Preferably with much better weather and access to health care and other services. A place with real growth perspective.
Run your own business that is location independent.
Buy or build an organic farm.
Invest. You need passive income.

***********************
I get all of that, I’m 26 days from retirement and then it’s just a wait to see when flights open up so I can move.
But you said “living off of 10% of net income”
Even in SEA you need ~$20K to live a decent life. So are you making 200K after tax in SEA?

#40 willworkforpickles on 10.04.20 at 2:15 pm

The weather hasn’t gotten cold enough I would guess to cool down the boiling over peak insanity FOMO madness regardless of some shades of reality taking hold. Give it another month for the end of the reel to run out. The last minute sellers that want out before a downturn sets in are everywhere.
The gasbag in play is just that… a real gasbag.

I still give interest rates (for reasons previously posted) a year to 18 months at the outset for them to begin moving up again.

From fools of one variety to the next…
…there are fools and then there are more fools… hopefully the changes coming include less of them of all kinds.

There are foolish people who take the coronavirus much too lightly, thinking because of many who turn up asymptomatic without ever becoming very ill or experience any ill effects at all that there is little to be alarmed about.
There are greater fools yet who think because of this erroneous thinking the alarm is all for nothing.
Then there is this reality that will eventually shatter all of their illusions.
For those who contract covid-19 it is most likely more than not to remain dormant after infection in the body as other viruses and coronaviruses have and do only to flare up later.
Later flare-ups only with real potential worsening health condition complications each time.
If it didn’t get you to any great extent in your first contraction, wait until first flare-up’s start happening for a more certain reality to set in…likely when your immune levels are at a low point from lack of maintenance.
You can start with complications like damage to the lungs that can and has lead to damage to the organs and brain, lingering effects, permanent debilitating effects to name a few including death… very real possibilities in tow with flare-ups as has been with those who suffered much even died with a first contraction .
Many forms of cancer have been linked to past sars events…the c-virus is turning out many many more victims than with the sars and future flare-ups will dramatically increase .
Anyway as it stands it is going to take some time for this pandemic to wind down.
Future flare-ups among those who have gotten covid-19 and of the many who will contract it will be every bit as contagious as the virus is now.
Flu’s and cold’s seem to leave the system altogether after being knocked out…recontamination from outside is the risk there.
Not so with Coronavirus, Herpes, Aids, Hiv and all that particularly nasty viral shit that developmental drugs have been able to limit their effects with continued use but not cure.
The difference with coronavirus is that it is nothing like those other viruses that are preventable with safe sex etc etc…it’s airborne with nothing yet to limit its onslaught except with the full of holes theories of social distancing and masking.
6 feet?…20 feet would be better.

There is no going back. The future is here. Change is permanent.
That’s the reality in tow with C-19.

As many posters have stated here…keep taking vit.d3…zinc and vit.c…maintaining a strong immune system -ALWAYS- is one vital defense against the virus.

…at the very least….vitamin manufacturers and suppliers love guys like us talkin this stuff as they get rich.

I’m in the wrong business.

#41 Abc123 on 10.04.20 at 2:48 pm

I gotta ask at risk of being ridiculed , what does WFH mean ?

#42 ElGatoNerodeYVR on 10.04.20 at 2:59 pm

#40 willworkforpickles on 10.04.20 at 2:15 pm
《》There is no going back. The future is here. Change is permanent.
That’s the reality in tow with C-19.《》
I would strongly disagree with the above. I’ve just seen some videos and pictures from China and there is no distancing happening. Beaches are packed, stores are full ,likewise for transportation; the virus is done over there. The odd time when there’s a flare they do localized quarantine.
Maybe it is time to book a flight to Zhuhai and enjoy life unrestrained.

#43 Diamond Dog on 10.04.20 at 3:00 pm

#20 Chris Thompson on 10.04.20 at 12:42 pm

You make some good points. Tone is off, but your points are valid only until the time comes to renew and that’s the problem. This belief that CBR’s will be in the basement forever is a myth and if for whatever reason rates stay low forever, the result we should know, will be worse.

Lets propose for a moment that CBR’s will remain @ 2% or less for longer than 5 years. The message in that is a chronic economic recession, if not depression. Making payments is still about generating income. What, are we so foolish as to think everyone’s jobs are guaranteed no matter what happens down the road? Some jobs are, but there is a ton of income out there that isn’t and if that goes to pot, forget about real estate gains.

We tend to be so myopic. “Oh, my income is fine and my wife is fine so everything will be ok.” What about your neighbors, will they be ok? If we haven’t asked that question, we haven’t thought it through. It’s not just economic downturns to fear, its disruption in the insurance industry from climate change, its economic sector disruption. Canada’s bread and butter is commodities. Crop failures, mining and O & G boom and bust, logging under threat from over cutting and forest fires, global recessions, with the last GFC, it was bonds and financials. We’ve seen some of these shocks before, we should know by now that more will come.

What’s happening to the market now is a classic real estate trap. Rates hit rock bottom swelling valuations to their peak and everyone gets in thinking rates will stay there forever until they don’t. If you do buy in this market, Go long. Pay the extra for a 10 year term, just do it. Forget the noise about all the money you will save with shorter terms, go with 10 years and sleep at night.

The number one reason why I believe rates won’t stay 2% or less in the near and especially mid term, is bankruptcies. We are financially illiterate if we believe CB’s set mortgage rates. They don’t, they just set the tone. Regular banks do. Regular banks make money on the spread and if bankruptcies go up and banks end up owning too many houses, those rates are going up no matter what central banks try. More bad loans hit the system and buckle up from there. Have government regs and financial practices been tight enough? Time will tell. I’m thinking we’ll find out.

I will remind, Canadian unemployment was at 10.2% in early September. That number is poised to rise, if anything. T2 can’t carry them forever and when the taps tighten, the outcome is predictable. The question still remains, what is the outcome of this pandemic? This is the main factor that decides the true future of real estate and what most of us see right now is that the next 6 months will be misery. Maybe if we all wore a mask? Yeah, yeah, try that maybe. Get rid of the blowhard at the WH and get a handle on this thing. Pop some Vitamin D and Zinc. (Get your neighbors to do the same, such a fly in the ointment, I know) From there, there is room for optimism with vaccines and things should improve but to blindly believe everything will be fine when historically it never has been… get out a mortgage calculator, see the digits and say, “oh, now has never been a better time to buy” based on a mortgage calculator… if only it was just. That. Simple.

#44 crowdedelevatorfartz on 10.04.20 at 3:05 pm

@#31 Trump IS…
“…could you be available to assist?”

+++
Oxygen and me in the same room?
Dangerous …. but….ok…if you insist.
I would bend over backwards….

#45 Damifino on 10.04.20 at 3:07 pm

#14 Yukon Elvis

Never been a better time to be a borrower, never a worse time to be saver.
——————————-

Yep. But a pretty good time to be an investor too.

#46 rgr on 10.04.20 at 3:07 pm

I have been loading up on Cdn dividend aristocrats. Got 600k with a current yield of 6.5%. My personal ATM will be spitting out 6 figures yearly with favourable tax treatment and a 7 figure principle in less than a decade. Sweet buying opportunity.

#47 Dolce Vita on 10.04.20 at 3:13 pm

You can’t save people from themselves Garth, though good you try.

Look at the BRIGHT side, Canada could use a GDP BOOST right about now and they are doing their level best to make that happen in the middle of a pandemic and recession by buying overpriced RE.

Give them the Order of Canada Medal of Courage I say (the medal making people will also get an economic boost, a win-win).

——————————

A positive from Trump’s viral infection (pun intended) is the use of an immune boosting therapy. Too much money already spent on vaccines with a 0 success rate when it comes to coronaviruses so far:

1. Common Cold, 0, eat chicken soup.
2. SARS, 0, Moderna’s been trying since 2005 (WHO stay away from places that have it).
3. MERS, 0, (WHO stay away from the Middle East and camels).
4. COVID-19, supposed immune response which could be antigens and they last 2 months, nothing on T cells being induced.

But hey, hope springs eternal and maybe for once History NOT a good teacher after all.

Spend a lot of money on therapies as well.

——————————

Being Blog thematic and in light of PANDEMIC DENIERS commenting here, I thought I’d take a page out of Doug Rowat’s “Can’t Miss” playbook.

Okay, PANDEMIC DENIERS, this is your challenge. Write your forecasts into the comments like so for WHAT CONSTITUTES A PANDEMIC in your mind & a little something about your mind (in whatever order you believe is correct):

1. How many in the population must get SICK from COVID-19: XX%
2. How many in the population must DIE from COVID-19: XX%
3. Your IQ: XX

PS:

#3 a trick question, no %, just 2 digits or 1 if you prefer.

#48 Faron on 10.04.20 at 3:26 pm

#35 NSNG on 10.04.20 at 1:55 pm

w/re Three Gorges Dam:

According to your data:

–the water level is rising, but is only a bit above the level from a month and a half ago and well below the design storage level of 175 m.
–The inflows are moderate to low and well within the normal range.
–Upstream discharge shows a minor uptick.
–The outflows are at charted lows with room to be bumped up by a factor of five at least and still be well within the realm of safety and blockage is speculation at best.
–The monsoon is about over, so it’s very unlikely that a major rainfall event occurs in the coming weeks and very likely that the reservoir would be in a filling stage for the dry season ahead.

I love this stuff because it illuminates the internet breeding grounds for conspiracy theories. It’s unlikely NSNG stumbled onto this him/herself, so someone is feeding out this crap and others are biting. The only source I can find for this worry is NTD, a news outlet founded by Falun Gong who has an interest in discrediting the Chinese Communist Party. Chillax bru.

#49 Ace Goodheart on 10.04.20 at 3:34 pm

Want condo living, but don’t want to share icky elevators with your anti masking, COVID positive neighbours?

Want to rent, not own?

All your problems are solved:

https://www.blogto.com/real-estate-toronto/2020/10/27500-month-condo-toronto/

#50 Yukon Elvis on 10.04.20 at 3:37 pm

#45 Damifino on 10.04.20 at 3:07 pm
#14 Yukon Elvis

Never been a better time to be a borrower, never a worse time to be saver.
——————————-

Yep. But a pretty good time to be an investor too.
…………………………

Good SAFE yield can be hard to find. I think this guy got it right :

#46 rgr on 10.04.20 at 3:07 pm
I have been loading up on Cdn dividend aristocrats. Got 600k with a current yield of 6.5%. My personal ATM will be spitting out 6 figures yearly with favourable tax treatment and a 7 figure principle in less than a decade. Sweet buying opportunity.

#51 Cow Man on 10.04.20 at 3:43 pm

There seems to be a discrepancy of net worth of Canadian individuals and families from what is stated by William.

https://www.theguardian.pe.ca/business/perspectives-on-business/canadians-average-net-worth-shrinks-for-first-time-in-almost-a-decade-amid-bank-of-canada-rate-hikes-353954/

#52 Pumpkin Spice Realtor on 10.04.20 at 3:43 pm

A lovely pumpkin spice colorama in today’s photo – reminds us all this is a lovely season for real estate :)

#53 Bill on 10.04.20 at 3:45 pm

Here s whats really going on.
As i have stated repeatedly.
https://nationalpost.com/opinion/leslyn-lewis-there-is-a-socialist-coup-unfolding-in-canada

Another reason she didn’t win. – Garth

#54 the Jaguar on 10.04.20 at 3:50 pm

@#41 Abc123 on 10.04.20 at 2:48 pm

WFH means ‘work from home’, and you will never be ridiculed for having the courage and common sense to step up and ask about what you don’t know but wish to learn.

#55 Dolce Vita on 10.04.20 at 4:00 pm

Despite RE lust filled Cdns. doing their duty to boost GDP I do not think 2021 will be the turnaround year.

It will take awhile before people Worldwide are confident enough to go to crowded bars, workplaces etc. with no fear of infection or dying.

BUT Canada not doing bad, then again it is in the middle of nowhere “Worldwise” (last stop the Arctic) but comparatively speaking ham handed, late to the table on so many things COVID-19…Canada and Canadians have done a good job as a PEOPLE trying to thwart the DAMN VIRUS. Comparatives as of yesterday, new cases…in the IF CANADA WERE, it would have this many new cases (1827 yesterday for Canada):

Sweden: 2454
Denmark: 3470
The Netherlands: 8321
Belgium: 10414
France (today): 9523
Spain: 9069
UK (today): 7260
The Excited States of America: 5520
Italia: 1558
Deutschland: 1283

Save former pariah but still threadbare Italia and Germany, the Canadian people doing a pretty good job.

With that I say MAYBE in 2021 Garth your estimate year for a turnaround. Europe and the rest of the World, meh…

One other thing, ensure you KEEP DEATHS LOW Canada AND is this a WTF moment that will take care of itself (like the budget will balance) or will it not take care of itself?

LOG, 7-day average, Daily new confirmed COVID-19 deaths, Canada:

https://i.imgur.com/x2d9uqf.png

Still low, hate the trend.

#56 Ponzius Pilatus on 10.04.20 at 4:03 pm

#53 the Jaguar on 10.04.20 at 3:50 pm
@#41 Abc123 on 10.04.20 at 2:48 pm

WFH means ‘work from home’, and you will never be ridiculed for having the courage and common sense to step up and ask about what you don’t know but wish to learn.
—————
Agree.
We only ridicule “know alls” like Sailo and Nonplussed

#57 Ed on 10.04.20 at 4:03 pm

Looks like Trump back in the White House tomorrow…

#58 Brian Ripley on 10.04.20 at 4:09 pm

My Vancouver Housing Charts are up with SEP data:
http://www.chpc.biz/vancouver-housing.html

Res-Listings down 29% from JUN 2012 high
Res-Sales down 30% from MAR 2016 high
Current Monthly Absorption Rate = 28%
Current Months of Inventory = 4

Vancouver SF Detached Price
Down 6.6% from MAY 2017 Peak
Up 116% in last 10 years

Vancouver Town House Price
Down 1.3% from MAY 2018 Peak
T-Houses are priced at 54% of SFDs
or 1 SFD = 1.8 Townhouses

Vancouver Condo Price
Down 7.0% from JAN 2018 Peak
Condos are priced at 41% of SFDs
or 1 SFD = 2.4 Condos

The housing rental vacancy rate has ticked up and one and two-bedroom rents dropped Y/Y 9.1% and 14.1%, respectively according to the September 2020 Canadian Rent Report from PadMapper

#59 NSNG on 10.04.20 at 4:12 pm

#48 Faron on 10.04.20 at 3:26 pm

You sound like you work for the communist state news. That is pretty much the exact party line.

There have been a record 21 major floods in China. As of August NPR (definitely not an Anti-China site) reported almost 4 million people displaced

https://www.npr.org/2020/08/09/899784094/roads-become-rivers-nearly-4-million-chinese-evacuated-or-displaced-from-floodin

The last I heard the Chinese government was reporting a few hundred dead, so I wouldn’t take their reporting very seriously.

Just like Soviet Russia, there is not a problem reported until actual bodies start falling from the sky.

#60 Flemington park millionaire on 10.04.20 at 4:13 pm

As of August 29 I am renting for first time in 31 years , bought my first house at age 19 . Only owned detached throughout the gta until 6 years ago when bought a midtown spacious condo . Huge worries from the get go , corrupt condo board and major neglected building repairs were obvious but completely ignored . Listed the POS in July when nothing else was on market . Quick closing and firm financing was my prerequisite to accept any offer . Had many offers first week but financing was as issue . Took best offer in regards to what I thought was least chance of falling through . Young couple first time buyers taking out 400k mortage was the lucky bidders . They foolishly paid 28k over asking as a bonus . A week before closing get a call from realtors inquiring if I want to rent from them lol , sure do and rent is 1,900 a month .(just 6 months ago fair rent would have been 2,500). They could not afford to move into the condo so will continue to live in with extended family . I did agree to not claim any rent on my income taxes as they needed the first time buyers govt goodies and so they must declare they are living in the property . I sold at over double the original price I paid 6 years ago . I got a quote from realtors January 2020 just before covid . Somehow the price went up 45k when I listed . I was quite skeptical. It sold over asking , likely because no other listings . Today 21 listings in same buildings and prices dropping slowly as nothing selling . Realtor texted me couple days ago , ” condo market has collapsed ” . Oh and my $1900 rent includes , all utilities and cable . New owners are responsible for $785 maintenance fee and $ 200 property taxes .
Rupert

#61 baloney Sandwitch on 10.04.20 at 4:14 pm

Why buy a house, when you can buy an apartment reit. Some are selling at 50% off tangible book value.

#62 Mr. Money Printer on 10.04.20 at 4:30 pm

I’m glad houses are up 20% YOY, it now allows me to consolidate ALL OF MY DEBT onto my home equity loan and save $1000 a month plus I get a new mortgage rate, blend and extend baby!!! The government and the banks can never run out of money….I might which is why I’m happy to run this ponzi scheme along with the rest of the country. Didn’t that famous economist say “It doesn’t really matter in the end we are all dead?”

#63 Ponzius Pilatus on 10.04.20 at 4:41 pm

I beg your pardon,
I never promised you a rose garden.

#64 Keep Your Rent on 10.04.20 at 4:44 pm

No Covid evictions. Not now. Not ever.

#65 Re-Cowtown on 10.04.20 at 4:51 pm

RE Prices are dropping like a rock in Calgary. Price reduced notices are blasted across all the RE websites. Yes, houses are selling, but only after severe price reductions.

Unlike the ROC, Albertans can do math. We’ve seen this movie before and we know the bloodbath is just starting.

#66 OK, Doomer on 10.04.20 at 4:54 pm

A boomer says ” I’m a millionaire. I have a million of net worth”.

A Mill says: ” So what? I control $1.5 million in real estate with nothing down. I’ve got $500K more than you do”.

And that’s how we ended up with Trudeau.

#67 OK, Doomer on 10.04.20 at 5:00 pm

#21 Pierre on 10.04.20 at 12:46 pm
“you’re in the top 1/2 of the Canadian population in terms of personal net worth”

Any link or data to get to that interesting number?

From 2016:
“Eight percent of Canadian families have less than $500 in net worth”

https://www150.statcan.gc.ca/n1/pub/11-626-x/11-626-x2019003-eng.htm

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

Missing the point by arguing down in the weeds.

Not much different than the WH reporter upset that he felt that Trump was lying because it was unclear whether a bunch of ballots for him were found in a ditch or a river.

#68 G on 10.04.20 at 5:01 pm

Thanks Garth,

It’s always nice to be remained that the $5 in my pocket has my family still ‘in the top 1/2 of the Canadian population in terms of personal net worth’.

It a bit shocking to here that it only take $5 to do that.

What can be done to help change that plus $5 net worth to becoming a large % of the population.

I’m guess your blog might be helping a bit for some anyway, hopefully.

Might I assume we should all have some concerns about what that $5 observation may entail for the populous as a whole, including the people in the positive group.
I assume there could be some ramifications for everyone to various degrees.

#69 Stan Brooks on 10.04.20 at 5:11 pm

WFH is a viable option for people with skills.

There is mass exodus from the big US cities – NY, Chicago, SF, LA that the virus is simply accelerating.

Jobs are gone due to automation and outsourcing so the exodus is justified, what are you going to do in a big expensive city with no job and high cost of living?

Having a ‘lifestyle’?

Give me a break. GTA or Vancouver is no different than the big US cities, the trend is the same, the sooner you leave the better you are in long term.

Old times are NOT coming back. We have jumped 10-15 years into the jobless future in a year.

Deal with it.

Cheers,

#70 G on 10.04.20 at 5:14 pm

#66 OK, Doomer,

And the PMT did say the budget will balance itself. LOL.

I guess “WE” should have been paying closer attention.

Maybe if I tried some of the legal weed, I too would think my budget would balance itself. LOL

What have they/we been teaching the kids in school since I started working for a living?
Basic math for one seems to be a miss. But what do I know. I only have a bit more than $5 in my pocket.

#71 Linda on 10.04.20 at 5:28 pm

Read somewhere long ago that if your 1) estimated net worth of assets exceeded the aggregate sum of what you owe; 2) you had a jar with spare change in your dwelling & 3) had cash money immediately to hand in your purse/wallet; you would qualify to be in the top 10% bracket of net worth in Canada. So yes, the gentleman in today’s anecdote qualifies!

Regarding the house sale thing – I thought buyers in the GTA had to hand over a certified cheque/bank draft in advance of the winning bid being announced? Obviously this is not taking place in the examples cited. I guess going forward that condition will be enforced – no cheque actually in hand, no offer accepted, no matter if it is higher than the other bids.

#72 Jimmy Zhao on 10.04.20 at 5:28 pm

That’s okay. The Justin Trudeau Liberal government has graciously decided to take on debt so Canadians won’t have to.

#73 Faron on 10.04.20 at 5:30 pm

#59 NSNG on 10.04.20 at 4:12 pm

Record floods in August (that were reported in western media, so not sure where the communist cover up comes in) are not the same as imminent disaster from a dam breach in October (almost two months later). You can see the August issue in your own data link. For a time the inflows to the reservoir were 30,000 cumecs (for reference, that’s a record Columbia River flood on top of what the dam was capable of discharging) higher than what appears to have been the peak outflow and that was a big potential problem. And look, it made the news in the west as you noted. Presently, the inflows are minuscule in comparison and, unless you can prove that the floodgates are clogged (highly unlikely) are well within design values. It’s also possible to track reservoir levels through publicly available satellite data. If there is a problem, we would know despite any communist media filters.

So, to sum up: There were flooding problems in China in August. They are reflected in the data relevant to the dam in question. They were reported in the western media and thus there was no effective cover up even if Chinese state media tried to do so. You are conflating two different things and seem to be getting that information from a news source dedicated to making the Communist government look bad, therefore it’s as suspect as Chinese state media is. I’m not defending the Chinese state here. I’m pointing out that your data shows a nothingburger and I think you should exercise better media judgement or, at least, not spread speculative disaster narratives.

The important story here was in August and the ongoing story is that if that can happen in 2020, with climate change and associated increased precipitation rates, the three rivers gorge dam is susceptible. That doesn’t mean it will break. What’s more likely is a catch-22 situation in which operators need to utilize emergency spillways and discharge water volumes that will flood millions of people. Still a big deal, but not an imminent 2020 black swan.

#74 Triplenet on 10.04.20 at 5:31 pm

#38 justdeketeit….
Why don’t you “proffer” us a legally enforceable statement regarding real estate deposits in a contract of purchase and sale.
Further, a deposit is NOT a legal requirement in a contract of purchase and sale.

#75 Cow Man on 10.04.20 at 5:44 pm

#53 Bill on 10.04.20 at 3:45 pm
Here s whats really going on.
As i have stated repeatedly.

https://nationalpost.com/opinion/leslyn-lewis-there-is-a-socialist-coup-unfolding-in-canada

Another reason she didn’t win. – Garth

With all due respect Sir Garth, if you were a principle occupation farmland owner you would agree with Ms. Lewis. First the Natural Heritage Act took 883,000 acres of farmland out of production without a cent of compensation to Ontario land owners. Now we have the Clean Fuels Act which designates any farmlands improved, through tile drainage or conversion of pasture land to crop land since 2007 as being an ineligible agricultural entity to market grains to the ethanol sector. How does this not meet the definition of a socialist coup?

Worry about creeping socialism all you wish, but don’t broadcast it. This is not electable behaviour in 2020. Choosing her would have been a worse mistake than the one the party embraced. – Garth

#76 DON on 10.04.20 at 6:00 pm

#43 Diamond Dog on 10.04.20 at 3:00 pm

Nicely broken down Diamond. Reality bites.

#77 The Woosh on 10.04.20 at 6:18 pm

#26 Millennial 1%er on 10.04.20 at 12:58 pm
Soon, that homeless man will be able to use his 5 loons as a down payment for a 500 thousand dollar mortgage.

—————————————————

Might be prophetic! Fairy tales can come true, it can happen to you…

#78 Dexamethasone High! on 10.04.20 at 6:20 pm

King Trump has arisen -JC2

https://twitter.com/PhilipinDC/status/1312865513639481344?s=19

Secret service take a covid bullet for the king to greet the deplorables…. are you entertained

#79 Catalyst on 10.04.20 at 6:38 pm

What’s funny about this (likely false) story is that it is a repeat of a story Don Jr. likes to tell about how Trump would leave his Manhattan tower and say the homeless guy outside had more than him.

#80 dogwhistle on 10.04.20 at 6:39 pm

#56 Ponzius Pilatus on 10.04.20 at 4:03 pm

—————
Agree.
We only ridicule “know alls” like Sailo and Nonplussed

—————————-

I think “sail away” is a kremlin troll pretending to be an American.

#comradesailaway

#81 Gpr on 10.04.20 at 6:40 pm

Would the bubble ever be allowed to burst? doesn’t look like it.. Why can’t something be done atleast to fix the bidding process so people don’t overbid. Anything above the listing price must be raised not through mortgage but added to the down payment and raise through cash. This might allow people to list closer to the price that’s realistic rather than invite bidding wars with money that people don’t have. The Markets should always decide argument hasn’t worked so far and put the economy at risk.

#82 Drunken Stupor on 10.04.20 at 6:43 pm

Apparently thia poll got both Brexit and Trump 2016 right
https://www.express.co.uk/news/world/1343305/US-election-poll-donald-trump-coronavirus-covid-joe-
biden-exclusive-polling

#83 Nonplused on 10.04.20 at 6:44 pm

I don’t trust polls. Look how well they worked last time. Especially dubious are the ones that try to calculate “odds” rather than just count up numbers. It is especially hard to do for US presidential elections because you have to get a reasonable sample size for each electoral college vote. That means instead of polling 2000 people for a +/- of a few percent, you’ve got to poll closer to 100,000 people and make sure you know what state they are in (2000 people in each state). I don’t think anybody is doing that. You could probable get pretty close by polling 1000 people in each state but unless you do it state by state all you can predict is the popular vote, which as we saw last time doesn’t tell you much. Of course California, New York, and New Jersey are going to vote for Biden, and there is your popular vote right there. We know Biden is going to win the popular vote. But in the US that only gets you half way there.

As I’ve said before, nobody who voted for Trump last time is going to vote Biden this time, and nobody who voted Hillary last time is going to vote Trump this time. So it is going to come down to new voters and the “undecided”.

In any case, despite the fact that the man in unlikeable in every way, I am hoping Trump wins based on policy. We know what Trump’s economic plan is: Job growth and strong support for business. We also know what Biden’s economic plan is: Wealth redistribution, probably on an unprecedented scale. We know that prior to covid Trump’s plan seemed to be working. We also know that wealth redistribution has ruined every other country that tried it before.

So I personally am not so convinced that the election will have little bearing on the investment situation. It could make all the difference. Higher taxes do not lead to growth, quite the opposite. Plus all the best minds try and escape if they can, taking their productivity and taxes with them.

If Biden wins, it’s time to head for Gault’s Gulch.

Yet another Trump defence post. Markets think you are wrong about Biden, at least tonight. Trump poll numbers down and stock futures up. Biden is a centrist and investors are not expecting wealth confiscation. – Garth

#84 wallflower on 10.04.20 at 6:50 pm

Regarding public libraries… the last time I visited the downtown Unionville library, children were running around screaming and the well appointed lady beside me was prone, snoring on the sofa.
I went to complain (about both, actually) and I was reprimanded. “These are now public spaces that have books and other informative materials.” The desk lady went on to explain, “As such, their behaviour is pretty much ignored here, … it is acceptable.” I never went back, and indeed, I relocated out of the district.
So….. I figure for those who are homeless, public library is a super place to hang out to sleep, in Markham.

(Here in my new city I am not clear on their policy about this but since I have never experienced children running around screaming nor snoring, sleeping people, I have yet to cross that line. However, I do know that a majority of the visitors are homeless.)

#85 conan on 10.04.20 at 6:52 pm

Trump is a fool. Only the most thoughtless idiot would knowingly attend State events after a positive Covid test.
He deserves the downgrade in popularity and probably a massive fine from the pandemic police.

It is scandalous that he has infected so many.

#86 Hey lets be even stupider! on 10.04.20 at 7:18 pm

Chief of disaster medicine at Walter Reed thinks el presidente is ….well insane!….

https://twitter.com/DrPhillipsMD/status/1312869454385229827?s=19

Hey where’s the nuke buttons!

#87 Drill Baby Drill on 10.04.20 at 7:27 pm

Why is everybody shocked that Trump is getting oxygen? He sucks all of the oxygen out of his surroundings so he does need to be topped up every now and then.

#88 The El presidente clown show on 10.04.20 at 7:32 pm

So apparently dexamethasone can make you delusional and psychotic…how would we ever know?

#89 Coho on 10.04.20 at 7:33 pm

Sounds like the US presidential race is boiling down to who is a better mask wearer. This is what it may come down to folks…if you listen to the MSM. Perhaps the ultimate winner will be whoever moves into a biohazard suit first. Promise, too a one year self imposed house arrest and this shall surely clinch the election. It’s all about perception, not substance.

#90 TurnerNation on 10.04.20 at 7:36 pm

This “Thanks” giving Kanadians will be dotted around, in UN-mandated groups of 6-6-6.
On the post meal walk ensure that you stay 6-6-6 feet apart. Yes they’re just mocking us now.
Those globalists. Seeing how much we will bow down and submit.
I feel healthier already! In 2020 the best method of ensuring health Science allows is,by closure of all small business.

#91 Idiocy on 10.04.20 at 7:38 pm

to comment # 72 Faron and # 59 NSNG

3 Gorges Dam is the first thing the Americans will hit if China starts a war.

No need to bomb their cities or factories nor go to nukes.

It is their Achilles heel and cannot be adequately defended.

One well placed conventional ICBM or a swarm of cruise missiles will set China back a decade, cause widespread food shortages and kill many.

The aircraft carriers and B2 and B52 bombers in Guam are for show and distraction.

Remember Hiroshima and Nagasaki – the Yanks play hardball.

#92 Drinking on 10.04.20 at 7:41 pm

Not showing up with deposit cheques is not a surprise to me. Certain people/groups are pushing the envelope as far as one can to see what they can get away with; sadly it is becoming the norm. I am old school and only deal with old school where a handshake means what it should mean.

I did enjoy #2 Krissy Lannye post, spot on!

#93 theoryAndPractice on 10.04.20 at 7:47 pm

Too much boring (Rated R, Scary, Horror) virus news all around, some wisdom from past to take it easy.

The lyrics below are awesome. A wise man told the same here at least the ‘go away’ part, many times :

https://www.youtube.com/watch?v=qX-0XBalRtA

#94 Flop... on 10.04.20 at 8:03 pm

This thing has gone on long enough, that I need to edit all the yearly dates on my journals, so I don’t get confused down the line.

Recent years will now be known as:

2017 BC*
2018 BC*
2019 BC*

*BEFORE COVID.

This year will be marked as:

2020 DC*

*DURING COVID

It’s looking unlikely but I am hoping to write 2021 as:

2021 AC*

*AFTER COVID…

M46BC

#95 Apocalypse2020 on 10.04.20 at 8:10 pm

********Read this carefully and slowly********

If Trump is not released from hospital tomorrow morning in perfect health, there is a HUGE chance of surprise attacks by Russia, China and/or Iran.

Within days.

“DONALD TRUMP’s coronavirus diagnosis may prompt rival nations such as China and Russia to “make their move” with the President incapacitated, a US-based defence analyst has warned.”

https://www.express.co.uk/news/world/1343232/donald-trump-covid-coronavirus-russia-china-iran-world-war-3-taiwan-south-china-sea

Taiwan?
Israel?
Poland?

Opportunism is everywhere.

“We’re in for a serious ride here particularly if America’s enemies want to do something about this.”

“I’m sure Putin and President Xi of China and Chairman Kim in North Korea and the Ayatollah in Iran are looking at this very carefully and might want to exploit a weakness.”

Pack up belongings to last the winter and get ready to evacuate major centres anytime after tomorrow. Probability of a major attack in the next three weeks is now 71%.

This is not a test.

PREPARE

#96 the Jaguar on 10.04.20 at 8:18 pm

#56 Ponzius Pilatus on 10.04.20 at 4:03 pm
#53 the Jaguar on 10.04.20 at 3:50 pm
@#41 Abc123 on 10.04.20 at 2:48 pm

WFH means ‘work from home’, and you will never be ridiculed for having the courage and common sense to step up and ask about what you don’t know but wish to learn.
—————
Agree.
We only ridicule “know alls” like Sailo and Nonplussed

+++++++

There is no ‘me’ in your ‘we’. Sail Away and Nonplused are two of the more intelligent posters on this blog.
Stick with your cohort and you may be assured I exclude myself from its ranks. Verstehst du?

#97 Sydneysider on 10.04.20 at 8:28 pm

Net worth of the average Canadian is several hundreds of thousands. For example, one estimate for 2019 is $678K.

https://environicsanalytics.com/docs/default-source/default-document-library/wealthscapesreport.pdf?sfvrsn=efad4cd4_6

#98 KLNR on 10.04.20 at 9:25 pm

@#25 Jock Blande on 10.04.20 at 12:54 pm
Polls had Hillary 16 so far ahead she stayed home bleaching her drives. Canadians only see the Democratic theater at play in the US. Canadians do not understand America. Americans by and large see past the Antifa, burning, looting and baby murder as theater.

https://dailycaller.com/2020/10/01/far-left-extremism-anarcho-socialist-violence-network-contagion-research-institute/

the dailycaller?? really?

Bwahahahaha

#99 Stan Brooks on 10.04.20 at 9:40 pm

#39 SoggyShorts on 10.04.20 at 2:03 pm

Try SEE or SEA. Hell, even Greece or Spain.

If you run own business and have the right skills, it is achievable.

Being 26 days away from retirement implies passive income only. Hard to live on 10 % of that unless you have 5 mil +. Most importantly: you don’t have to have 10 times the income you can live on.

If you don’t have that minimal income that you quote how can you even contemplate retirement?

You can buy property, that will drive your cost of living down.

Bottom line: there are much cheaper places to live at that is worth considering.

Cheers,

#100 Stan Brooks on 10.04.20 at 9:55 pm

#97 Sydneysider on 10.04.20 at 8:28 pm
Net worth of the average Canadian is several hundreds of thousands. For example, one estimate for 2019 is $678K.

https://environicsanalytics.com/docs/default-source/default-document-library/wealthscapesreport.pdf?sfvrsn=efad4cd4_6

Did you read it? That is per household.

The funny part is that based on that ‘statistics’ the more you leverage, the more in debt you get, the higher your leveraged ‘net worth’ is as your ‘assets’ /primarily real estate/ goes up in ‘value’.

Double the debt, triple the ‘net worth’. That is apparently the recipe for ‘success’ in this place.

Based on that, as we move into negative nominal rates and deeply negative real rates with salaries capped, with cost of living increasing already in low double digits/see the chapwood index/ we are actually getting ‘richer’ as our ‘assets’/comprised primarily of the place to live in/ increase in value?

Do you realize the insanity and idiocy of such statement?

Hey, let’s then double our debt in 5-6 years, that will definitely drive the house prices much higher, probably 5 mils for a shack in GTA with salaries capped and cost of living increasing by probably 15-20 % yearly.

Do you believe that to be ‘wealth’ and sustainable?

One you realize that the measure/the value of currency is faulty and even total crap that ‘wealth’ is translated into a mere miserable existence.

Cheers,

Enjoy that ‘wealth’.

#101 Alec Smart on 10.04.20 at 10:05 pm

#47 Dolce Vita on 10.04.20 at 3:13 pm

1. How many in the population must get SICK from COVID-19: XX%
2. How many in the population must DIE from COVID-19: XX%
3. Your IQ: XX
_____________________________________________________________________

1. < 0.1 %
2. < 0.015 %
3. 7

#102 Ponzius Pilatus on 10.04.20 at 10:06 pm

#96 the Jaguar on 10.04.20 at 8:18 pm
#56 Ponzius Pilatus on 10.04.20 at 4:03 pm
#53 the Jaguar on 10.04.20 at 3:50 pm
@#41 Abc123 on 10.04.20 at 2:48 pm

WFH means ‘work from home’, and you will never be ridiculed for having the courage and common sense to step up and ask about what you don’t know but wish to learn.
—————
Agree.
We only ridicule “know alls” like Sailo and Nonplussed

+++++++

There is no ‘me’ in your ‘we’. Sail Away and Nonplused are two of the more intelligent posters on this blog.
Stick with your cohort and you may be assured I exclude myself from its ranks. Verstehst du?
————
I used the Royal “We”.
Show some respect.

#103 Victor V on 10.04.20 at 10:12 pm

https://twitter.com/mortgagejake/status/1312429339066208267?s=21

Anecdotally, the condo market taking a big crap right now is causing a very high level of anxiety for people. Getting a lot of calls from people panicking can’t sell, what do I do? What do I do? Or do I do?

#104 Fortune500 on 10.04.20 at 10:43 pm

Never use average net worth. Rookie mistake. If we are talking about net worth even of Canadian households at least use median.

https://www150.statcan.gc.ca/n1/daily-quotidien/171207/t001b-eng.htm

#105 theoryAndPractice on 10.04.20 at 10:53 pm

#99 Stan Brooks on 10.04.20 at 9:40 pm

Stan,
I agree with your final statement…
, but still trying to understand your calc :

How did you calculate 5+ mil @ 10%? What is the cost of living/year vs. # of years in your calc ?

#106 C V on 10.04.20 at 11:03 pm

#100 @97

When I saw those stats I thought to myself “this can’t be right”- but I’m not knowledgeable enough to know exactly why. Thanks for the detailed explanation

#107 NSNG on 10.04.20 at 11:08 pm

#73 Faron on 10.04.20 at 5:30 pm

As you said, the maximum fill level is 175. It is at 170 now and the inflows are still exceeding the outflows. So we will know soon enough. No need for news or official government reports.

And as with Wuhan, you can’t say nothing is happening because the stories could very well be scrubbed. We know social media is very pro-communist so they could be spiking stories on their networks. There have been reports of the data and video feeds being shut down. At this point, I can’t refute those given China’s history of covering up bad news and lying about anything that makes them look bad. One looks at the last decade of their economic reports will tell you that.

That you swallow anything that you are spoonfed by them says more about you than the data.

No matter, time will tell.

#108 Nonplused on 10.04.20 at 11:39 pm

“Yet another Trump defence post. Markets think you are wrong about Biden, at least tonight. Trump poll numbers down and stock futures up. Biden is a centrist and investors are not expecting wealth confiscation. – Garth”

I think I have been fairly clear that I would rather Trump than Biden even though there isn’t much to like about either of them personally. I’m looking at economic policy.

Also I said “wealth redistribution” rather than “confiscation”, but I suppose the terms are similar enough in practice that I wouldn’t need to invoke Robert’s Rules.

The thing is whether Biden be centrist or not if the Democrats take all three branches they are going to go hard left in the US. I’d say of the two candidates Trump is more “centrist”. He used to be a democrat supporter. And he’s had 3-1/2 years to show us that his version of “right wing” is good for the economy and does lift all boats. The main reasons people want to get rid of him is that a) he is an arse (no argument from me there), and b) he isn’t a fan of socialism.

As for the markets, well, 2016. The only polls that ever accurately predict an election are exit polls. But we shall see. I will admit that at this point there is no clear winner and Biden could be president come Jan. 20th. I won’t be shocked into disbelief as so many Hillary supporters were. But it would indicate to me that we are entering into the “long emergency”. It would be time to head for Gault’s Gulch, if you can.

#109 Ace Goodheart on 10.04.20 at 11:43 pm

So Ontario’s latest COVID tweak seems to have worked.

What to do, when you have opened up COVID testing to everyone, no appointment necessary, and you start seeing huge increases in daily infection counts?

The loons and yahoos start screeching for lock downs and you know that COVID is now all about politics and has nothing to do with science or medicine.

Simple. Shut down the testing.

In Ontario, you now need two things to get a COVID test:

1. Symptoms

2. An appointment.

That second one is the hat trick. The appointment.

When will it be? Today? Tomorrow? Next week?

Control the testing, and you control the positive infection counts.

Ontario is back down in the 500s. False alarm. No need to lock down. Things are under control.

Sometimes I really like Doug Ford. This is one of those times.

He has done two things here:

1. Control and pacify the lock down loons before they fear monger society back into hard lock down mode.

2. Appear to be in control, and winning.

What are the real daily infection numbers?

No one knows. Depends how many tests you do (and how long you make people wait for appointments).

No one is dying anymore anyway.

The idea is, don’t test too many people.

#110 Nonplused on 10.04.20 at 11:49 pm

#95 Apocalypse2020 on 10.04.20 at 8:10 pm

You are kidding, right? Jeez, given how hard Garth is on me for my comments I can’t believe he waives yours through.

So, to be clear, Neither China nor Russia is going to start a nuclear war because the Trumpster has a flu. The world is not going to end that easily.

#111 Lead Paint on 10.04.20 at 11:52 pm

97 Sydneysider on 10.04.20 at 8:28 pm

To measure more than half you’d use median, not average. A few billionaires can really skew that.

But I agree the net worth of bottom half of Canadians is more than $4.99…

#112 Nonplused on 10.05.20 at 12:02 am

#96 the Jaguar on 10.04.20 at 8:18 pm
#56 Ponzius Pilatus on 10.04.20 at 4:03 pm
#53 the Jaguar on 10.04.20 at 3:50 pm
@#41 Abc123 on 10.04.20 at 2:48 pm

WFH means ‘work from home’, and you will never be ridiculed for having the courage and common sense to step up and ask about what you don’t know but wish to learn.
—————
Agree.
We only ridicule “know alls” like Sailo and Nonplussed

+++++++

There is no ‘me’ in your ‘we’. Sail Away and Nonplused are two of the more intelligent posters on this blog.
Stick with your cohort and you may be assured I exclude myself from its ranks. Verstehst du?

———————————–

Thanks Jaguar. I don’t know that I like other commenters debating my level of intelligence but the plus side is that it means someone is reading my comments. I know Garth does because he contradicts me regularly, but I would expect nothing less. We don’t have to agree on everything to still be friends. It is better to have a conversation than to be ignored. Even though I do not agree with Garth on everything, he’s done more to help me than I have done to help him. It is best to respect your elders.

However if Trump wins I don’t know if Garth is going to let me comment for a while.

#113 Jon B on 10.05.20 at 12:05 am

What does Scotiabank say about this winters fashions? Are they also making any calls on the next big superfood? Does the bank have a prediction for pickleball becoming more popular than tennis?

#114 Sail Away on 10.05.20 at 12:21 am

Here we are: the good Donald clearly, unequivocally, and publically condemns white supremacists and hate groups.

https://www.google.com/amp/s/amp.cnn.com/cnn/2020/10/01/politics/trump-proud-boys-white-supremacists/index.html

Although he could give a personalized private performance to some people, complete with a song and dance number, and there would still be something wrong with it.

(a) Why did this not happen in the debate, rather than to Fox News two days (and universal condemnation) later? (b) Ask him about Q. – Garth

#115 Dr V on 10.05.20 at 1:01 am

Stan/Sydneysider – we also have to consider the term
“average net worth” which is skewed by the wealthiest households. The typical Canadian household is better represented by the median.

#116 jane24 on 10.05.20 at 1:55 am

Now that is the bit that I don’t understand Garth. If people are paying 25% more and over list for a house, how do they get it appraised at that new price by the intended lender and obtain the required mortgage? Especially if they are buying firm without conditions? Do they all go to a private lender and pay way over the odds? How can the buyers possibly afford to do this? Something smells not right here. How does the house appraisal meet the new increased selling price.

This mini boom has just 2/3 weeks to run. As soon as that first snowstorm hits, it will be done.

#117 SoggyShorts on 10.05.20 at 2:24 am

#99 Stan Brooks on 10.04.20 at 9:40 pm
#39 SoggyShorts on 10.04.20 at 2:03 pm
You are misunderstanding.

YOU said 10% of net income, and I think that’s nearly impossible, so I’d like details.
Like I said, to live on 10% your income needs to be way over 200K or there is some income source you aren’t counting.

MY plan is passive only, and using a ~3% withdrawal from my portfolio.

#118 Jock Blande on 10.05.20 at 3:53 am

DELETED

#119 crowdedelevatorfartz on 10.05.20 at 8:04 am

@#110 Nonplused
“Jeez, given how hard Garth is on me for my comments I can’t believe he waives yours through.”

++++

Comic relief vs inanity.
You’ll have to figure out which one yours is…….

#120 suburban coyote and pup on 10.05.20 at 8:06 am

#109 Ace Goodheart….respect and 2 thumbs up for that post. I’ve worked in healthcare for 25 years and this plandemic is beyond the theatre of the absurd…absolutely astonishing the lengths governments will go to avoid acknowledging that maybe just maybe there was mismanagement and overreaction. Disaster Capitalism at it’s finest!

#121 Veronica on 10.05.20 at 8:08 am

#1 TurneraNation on 10.04.20 at 11:15 am

When chlorine stings my eyes I wear swim goggles. When winter winds blow I put on a hat. When a deadly pandemic rages I don a mask. It is called common sense.

Looking south of the border at the deaths, the sickness, the social discord, the shrieking Karens, why would we want to replicate that here? Public health guidelines will change once the danger passes.

#122 crowdedelevatorfartz on 10.05.20 at 8:48 am

@#120 Coyote
“Disaster Capitalism at it’s finest!”

++++

Yep.
Michael Critchon’s book “State of Fear” was one of his worst sci-fi novels but the premise was sound.

The govt never wastes a good “emergency”.

Day to day mundane issues like taxes and polls are ignored.
Budgets are ignored.
Laws are ignored.
Media pumps the emergency for its shareholders.
The sheeple lap it up.
Its for the good of society.
The leaders and bureaucrats know best.

#123 Stan Brooks on 10.05.20 at 9:00 am

It seems job losses are permanent.

https://ca.finance.yahoo.com/news/economy-temporary-layoff-permanent-job-loss-morning-brief-095426627.html

————————————-

#105 theoryAndPractice on 10.04.20 at 10:53 pm

5 mil x 4 % withdrawal rate = 200 k yearly income desired/as stated by SoggyShorts

———————
#117 SoggyShorts on 10.05.20 at 2:24 am

That is NOT impossible if you combine income from multiple properties overseas, including farmland, income from passive investments/stocks and own growing business online with multiple clients paid at top US rate.

Plus own organic farm so you don’t have to eat crap.

It is the bare minimum IMHO.

BTW I know people who live on 1 % of their income.
Running their own business of course and not ripped off by greedy socialists.

Cheers,

#124 Keep Your Credit Score on 10.05.20 at 9:17 am

#64 Keep Your Rent on 10.04.20 at 4:44 pm

https://financialpost.com/personal-finance/rent-payments-build-credit-scores

Make wise choices.

#125 Stan Brooks on 10.05.20 at 9:23 am

Sorry, I meant:

#117 SoggyShorts on 10.05.20 at 2:24 am

I absolutely meant that ‘living on 10 % of net income’ statement.

Cheers,

#126 Sail Away on 10.05.20 at 9:23 am

#114 Sail Away on 10.05.20 at 12:21 am

Here we are: the good Donald clearly, unequivocally, and publicly condemns white supremacists and hate groups.

https://www.google.com/amp/s/amp.cnn.com/cnn/2020/10/01/politics/trump-proud-boys-white-supremacists/index.html

Although he could give a personalized private performance to some people, complete with a song and dance number, and there would still be something wrong with it.

“(a) Why did this not happen in the debate, rather than to Fox News two days (and universal condemnation) later? (b) Ask him about Q. – Garth”

————-

Sigh. So it’s still wrong?

Could it be that not everybody is instantly perfect and will later follow up with a more comprehensive statement?

#127 Former Navy Chief on 10.05.20 at 9:42 am

TurneraNation

Your comments are not helpful at all, especially those comparing our current ways of dealing with a serious pandemic to the [email protected]

Perhaps you would feel better if you tried to help instead of spouting paranoid garbage.

#128 Gonkman on 10.05.20 at 9:50 am

#78 Dexamethasone High! on 10.04.20 at 6:20 pm
King Trump has arisen -JC2

Secret service take a covid bullet for the king to greet the deplorables…. are you entertained
********************************************

#86 Hey lets be even stupider! on 10.04.20 at 7:18 pm
Chief of disaster medicine at Walter Reed thinks el presidente is ….well insane!….

Hey where’s the nuke buttons!
********************************************

But… but… but…. I thought Masks Worked?

He is wearing a mask… So all good right?

Listen to the Scientists. Masks work!

#129 Mattl on 10.05.20 at 10:01 am

Jesus Kelowna RE is going nuts. Almost 2xs as many homes sold in October YOY, 10% more then a crazy September. Sales are up 20% YOY and depending what you are in, prices are up 20%+.

And the strange thing is, there is no inventory. Down double digits over previous years. For what we have – house with Acreage – there is barely anything available, listings are down 30%. Won the lottery (got lucky) buying this property 3 years ago.

Lest anyone thing I’m pumping K town RE, I think this is nuts. And if you know anything about Kelowna RE, it goes off for 3-5 years then is stagnant for 15. So I suspect the 15 years of flat are around the corner. But who knows, with little inventory available, and the WFH army fleeing the city, who knows what comes next.

Oh, and just locking in my mortgage this week, 1.74% for a four year from a major, completely insane. Same rate as the variable so we are going to lock in and hope at the end of 4, interest rates are still depressed.

#130 Sail Away on 10.05.20 at 10:02 am

#96 the Jaguar on 10.04.20 at 8:18 pm
#56 Ponzius Pilatus on 10.04.20 at 4:03 pm
#53 the Jaguar on 10.04.20 at 3:50 pm
@#41 Abc123 on 10.04.20 at 2:48 pm

WFH means ‘work from home’, and you will never be ridiculed for having the courage and common sense to step up and ask about what you don’t know but wish to learn.

————

Agree.
We only ridicule “know alls” like Sailo and Nonplussed

————

There is no ‘me’ in your ‘we’. Sail Away and Nonplused are two of the more intelligent posters on this blog.
Stick with your cohort and you may be assured I exclude myself from its ranks. Verstehst du?

————

Thanks Jag! Ponzie and I are old pals, and although he couldn’t attend last year’s Xmas party on the plantation, we’re hoping he can make it this year.

We always enjoy his ‘Sound of Music’ skit where he emulates Julie Andrews in a dirndl.

#131 Dr V on 10.05.20 at 10:06 am

123/125 Stan – well done! Don’t forget to live a little.

#132 TurnerNation on 10.05.20 at 10:07 am

Remember that the goal of our Tax Farm farmers is the control over our Feeding, Breeding and Movements. (As on a real farm.)

They got everyone scared and on the run so:
With child care costs, new taxes really we have a One Child Policy.

“Canada’s fertility rate has hit an all-time low, according to data by Statistics Canada.
A report released on Tuesday reveals that Canada’s fertility rate has declined to 1.47 birth per woman, down from 3.94 in 1959.”

–Travel? Comrade more taxes are coming! You are free to leave at any time. But you must pay to move around:

https://torontosun.com/opinion/columnists/opinion-trudeaus-second-carbon-tax-coming-at-worst-possible-time
As Postmedia columnist John Ivison reported, the Trudeau government is getting ready to introduce a second carbon tax through a regulatory regime called the clean fuel standard, which will “require all supplies of fossil fuel to reduce carbon content.” If companies can’t meet the fuel requirement, they’ll have to pay a whopping $350 per tonne carbon tax.

#133 TurnerNation on 10.05.20 at 10:20 am

#36 SoggyShorts it was a typo..this weblog has #nofilters
Please stop being a coward.

Remember, “The truth is no longer hidden, people are hiding from the truth”.
These insane CV protocols are designed to destroy our Way of Life. All culture and gatherings have been cancelled in favour of prison rules. For our health Comrade! Going on one year soon…they won’t let up into 2021. UN agenda timeline to destroy First world countries.

#134 the Jaguar on 10.05.20 at 10:22 am

Who needs Hollywood when you have this kind of entertainment? ( I especially love the bit about the pizza delivery and use of the song YMCA ).

‘By Sunday afternoon, hundreds of people had congregated outside the hospital. They handed out water and candy and stacks of pizza the Trump campaign sent over. They flew every brand of MAGA flag in the sky — the most devoted carried 20-foot pipes with four flags apiece mounted on them — marching them up and down the sidewalks. “YMCA” and “Proud to Be an American,” both Trump rally staples, blared on repeat on boomboxes and generator-powered amps.

MAGA Country had gathered to celebrate and pray for their leader — an impromptu festival-meets-vigil for its venerated, living saint.

And then suddenly, there he was. After hours of listening to their cheers and acknowledging them via tweet, Trump emerged from his isolation chamber to greet the crowd, creating his own impromptu spectacle. In a brief appearance, Trump rolled past in his motorcade, waving from the window of his massive armored SUV, offering blessings from a hermetically-sealed Popemobile.’

#135 David Hawke on 10.05.20 at 10:25 am

This blog is conservative?

I thought it was more middle of the pack with an array of cray cray on the fringes that are unfortunately a bit loud and sorely crave attention.

Spot-on as the Cons under O’Toole’s leadership are merely pink liberals, the only true Con party is Max’s PPC!

#136 IHCTD9 on 10.05.20 at 10:31 am

I skipped reading the news yesterday and went for a drive up north of 7 instead. Man is it ever nice up there right now. Took some old back roads off the main highway and it was like driving through a yellow and red tunnel. Love the forest smells this time of year. I really need to be living up there full time – I’ll commute an hour, no problem! Give me 10 acres of bush next to a small lake and I’d never want to leave.

Came home and made a sweet Chicken Parmesan for dinner, followed by an 8k walk, and probably a little too much Rum later in the evening next to a hot stove.

#137 Sail Away on 10.05.20 at 10:58 am

#128 Gonkman on 10.05.20 at 9:50 am
#78 Dexamethasone High! on 10.04.20 at 6:20 pm
King Trump has arisen -JC2

Secret service take a covid bullet for the king to greet the deplorables…. are you entertained

—————-

#86 Hey lets be even stupider! on 10.04.20 at 7:18 pm
Chief of disaster medicine at Walter Reed thinks el presidente is ….well insane!….

Hey where’s the nuke buttons!

—————

But… but… but…. I thought Masks Worked?

He is wearing a mask… So all good right?

Listen to the Scientists. Masks work!

—————-

The biggest mask I’ve ever seen.

#138 TurnerNation on 10.05.20 at 11:03 am

#127 Former Navy Chief why would my comments be helpful? #Stayhome and let the normals live their life.
Embrace your feminism too, lock down those women – as per our Feminist PM.

Once the “case #”s go away will your rights be returned? Are you that naive? Do you know any sick people?
Let me rephrase, do you know anyone out of their minds and abusing food, drugs, drink? Do you know anyone in dire financial straits? Or marraiges falling apart, or standing on a ledge? Or government closed their business? I do. Where are the sick people…

#139 Sara on 10.05.20 at 11:10 am

#96 the Jaguar on 10.04.20 at 8:18 pm
#56 Ponzius Pilatus on 10.04.20 at 4:03 pm
#53 the Jaguar on 10.04.20 at 3:50 pm
@#41 Abc123 on 10.04.20 at 2:48 pm

WFH means ‘work from home’, and you will never be ridiculed for having the courage and common sense to step up and ask about what you don’t know but wish to learn.
—————
Agree.
We only ridicule “know alls” like Sailo and Nonplussed

+++++++

There is no ‘me’ in your ‘we’. Sail Away and Nonplused are two of the more intelligent posters on this blog.
Stick with your cohort and you may be assured I exclude myself from its ranks. Verstehst du?

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

It’s not SA’s IQ that commenters have issue with. It’s his EQ. Nothing much one can do about being personality disordered though.

#140 MF on 10.05.20 at 11:31 am

28 Gonkman on 10.05.20 at 9:50

Masks reduce transmission, not eliminate it. I haven’t heard any scientist say masks eliminate transmission completely.

The only thing that might do that is a full on hazmat suit. Is it a good idea to recommend everyone wear one of those instead?

MF

#141 Penny Henny on 10.05.20 at 11:50 am

Writing in an industry mag he reports a ton of buyers (thirty last month alone in his shop) are buying houses, winning bidding wars, then not showing up with deposit cheques – throwing the process into chaos.-GT

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

Sound’s like something Ace Goodheart and his fake pregnant wife would do.

#142 Dharma Bum on 10.05.20 at 11:55 am

#136 IHCTD9

Give me 10 acres of bush next to a small lake and I’d never want to leave.
——————————————————————–

I’m with you on that, brother.

It’s time to get outta Dodge.

#143 Jimmie Casper on 10.05.20 at 11:56 am

DELETED

#144 Sail Away on 10.05.20 at 11:59 am

#139 Sara on 10.05.20 at 11:10 am

…Nothing much one can do about being personality disordered….

———–

Agreed, Sara, I’m on your side. Mental disorders are nothing to joke about. You have my full support in exorcising your demons.

Eventually, Lord willing and the creek don’t rise, you may be able to re-enter the outer fringes of normal society.

#145 Petulant on 10.05.20 at 12:06 pm

Your take on Trump being convicted of COVID19 is dead on. Would it surprise anyone if Trump fell seriously ill enough to be found unfit to stand as POTUS – even if the election goes his way (and trust me, the Establishment’s stats are ALWAYS manipulated)?

Can you imagine then the “conspiracies” abound with The Deplorables who actually saw Trump as “their man”? Can you imagine the full on delight of those “humanitarian leftists” seeking to make the world a better place through peace, love and understanding when they hear of Trump’s demise?

And not only that – as Trump’s conviction goes l do we now have a reason to get “deadly serious” with those who will not fall into line with the planned outcome of the scamdemic??? Will accepting the “vaccine of the beast” become mandatory to live in this “free” and “open” society?

As the cultures and economies of the western world collapse all around us (decades of poor management will do that) – we’ve now been ostracized from our friends and families by MANDATE OF LAW.

What are we allowing to happen here? What is actually happening here? What is the end game? How can we stand up for ourselves

#146 Ubul on 10.05.20 at 12:08 pm

#140 MF

The only thing that might do that is a full on hazmat suit. Is it a good idea to recommend everyone wear one of those instead?

Excellent idea! When it comes to death or survival who wants half-ass solution, if there is a perfect one?

#147 FAKE NEWS on 10.05.20 at 12:12 pm

COVID just ripping through the White House.

Epic!!

#148 mike from mtl on 10.05.20 at 12:18 pm

#109 Ace Goodheart on 10.04.20 at 11:43 pm
////////////////////////////////////////////////////////

Agreed.

It’s too late to change ‘official’ narrative now. Even on Coronavirus Broadcasting Corporation they are shutting down comments because the gig is up, the public has started to smarten up. I could only imagine the backlash (putting it nicely) if an official body finally admits this is insane.

We went from:

-Snippets and rumours that there’s some virus in China.
-CCP/WHO don’t worry about it, it’s under control.
-CCP/WHO worry about it, it’s not under control.
-OMG, we are all going to die from an airboure killer so the rumours from China went.
-OMG, it’s on our shores.
-2 weeks to flatten the curve so ICU don’t get overloaded.
-Ventilators! PPE!
-Stay locked down, “stay safe”.
-Cases and deaths exponential even though everyone is under house arrest. Practically easiest group (and most at risk) gets sadly blown away due to incompetence & stupidity.
-Somehow only a vaccine is the only return to normal… Right around the corner.
-We’ll let you have a crappy summer.
-Summer passes.
-Triple the unreliable testing to everybody, just for being in nearby. Just in case.
-CASES, the CASES (hardly anyone is dying much less seriously ill).
-Well we have to close everything again, sorry for your own good.
-Vaccine(s) should be maybe 2021 probably 2022 for everyone.
-????

Again, the big question why now? H1N1 is still around, no vaccine for that?

QC is being made an example of I fear. Somehow once you drive down the 401 around the banks of the St.Laurence river you may encounter a human sub-species that is completely helpless against deadly CV19.

#149 paulo on 10.05.20 at 12:48 pm

NSMG#35: re three gorges dam:

Might be bigger issues, recent satellite photographs are indicating some type of movement in the center part of the dam.

the central goverment of course is claiming its within acceptable tolerances. have question if they studied the geology of the area sufficiently…….

#150 Faron on 10.05.20 at 12:52 pm

#126 Sail Away on 10.05.20 at 9:23 am

Sigh. So it’s still wrong?

Could it be that not everybody is instantly perfect and will later follow up with a more comprehensive statement?

—-

I’ll hand it to Trump that he showed deftness with the “facts” in the debate. If he hadn’t badgered Biden as much as he did, he could have easily “won” the debate simply through his nimbleness. Do we agree on that point SA?

Given that we almost certainly do, how do you then explain his lack of “perfection” on that question and that question only? How do you explain his hemming and hawing, his dissembling when asked a question he:

1) Absolutely knew was coming
2) Knew and knows both what the “right” answer is, but also and what his followers wanted to hear.
3) Has evaded in almost identical fashion on other occasions.

Frankly, I don’t think that Trump is any more of a white supremacist than you, Garth or I are, but he seems perfectly willing to stoke the white supremacist portion of his base to garner more votes and that’s just wrong. That he decried those groups at a later date just shows that he was given time to dogwhistle his base who then know he “has” to go on record on the MSM denouncing white supremacy. But, by then, they know what his real intentions are.

#151 Brett in Calgary on 10.05.20 at 1:03 pm

Agreed – Calgary is cooked. Prices will be at least 10% lower by this time next year.
——————————–
#65 Re-Cowtown on 10.04.20 at 4:51 pm
RE Prices are dropping like a rock in Calgary. Price reduced notices are blasted across all the RE websites. Yes, houses are selling, but only after severe price reductions.
Unlike the ROC, Albertans can do math. We’ve seen this movie before and we know the bloodbath is just starting.

#152 Faron on 10.05.20 at 1:23 pm

#149 paulo on 10.05.20 at 12:48 pm

NSMG#35: re three gorges dam:

Might be bigger issues, recent satellite photographs are indicating some type of movement in the center part of the dam.

the central goverment of course is claiming its within acceptable tolerances. have question if they studied the geology of the area sufficiently…….

Huh, wonder if that movement has anything to do with opening the floodgates to begin to balance inflows as the dam reaches design capacity in preparation for the dry season? You can now see that since yesterday, the outflow of the dam is up two fold to 20,000 cumecs. Another 10,000 cumecs of outflow and the water level will stop rising.

dH/dt ~ dVin/dt – dVout/dt

Again, the real issue here was in August when the outflow couldn’t keep pace with inflows. That is extremely alarming. Normal dam operations? Not so much. Although the Chinese state has some serious problems, it’s also a functioning, modern society a lot less full of spooks than you may think. you guys need to lay of r/conspiracy

#153 NSNG on 10.05.20 at 1:28 pm

#149 paulo on 10.05.20 at 12:48 pm

Yes, that is possible.

Our world will change forever if this goes. :(

#154 BillyBob on 10.05.20 at 1:29 pm

#96 the Jaguar on 10.04.20 at 8:18 pm
#56 Ponzius Pilatus on 10.04.20 at 4:03 pm
#53 the Jaguar on 10.04.20 at 3:50 pm
@#41 Abc123 on 10.04.20 at 2:48 pm

WFH means ‘work from home’, and you will never be ridiculed for having the courage and common sense to step up and ask about what you don’t know but wish to learn.
—————
Agree.
We only ridicule “know alls” like Sailo and Nonplussed

+++++++

There is no ‘me’ in your ‘we’. Sail Away and Nonplused are two of the more intelligent posters on this blog.
Stick with your cohort and you may be assured I exclude myself from its ranks. Verstehst du?

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

Spot on as usual. I too have no desire to be added to the so-called “Royal We”.

I’ll take intelligent commentary over boring dogma any day.

————–

“#144 Sail Away on 10.05.20 at 11:59 am
#139 Sara on 10.05.20 at 11:10 am

…Nothing much one can do about being personality disordered….

———–

Agreed, Sara, I’m on your side. Mental disorders are nothing to joke about. You have my full support in exorcising your demons.

Eventually, Lord willing and the creek don’t rise, you may be able to re-enter the outer fringes of normal society.”

——————–

I mean, c’mon. Sara just got butt-hurt so adroitly how can one not smile?

And I would take Garth’s mild exasperation with Nonplused’s “Donald Defences” as a nod of respect. He doesn’t bother to respond like that to the true MAGA nutjobs.

#155 Ace Goodheart on 10.05.20 at 1:40 pm

So, now that it comes out that COVID testing is, well, a little unreliable, a new method for ferreting out the asymptomatic folks is in the works:

Sniffer dogs:

https://globalnews.ca/news/7224924/coronavirus-sniffer-dogs-study/

That’s right, in our 21st century, civilized world, where everything is done by robot and computer, we all live forever and the government is always right, we now are going to use dogs to find out if someone has COVID.

“Fido says that she’s infected – it’s off to quarantine with you! You can’t leave until you pass a further sniff test. If Fido says you still have it, even after 14 days, then it’s more quarantine!”

O……M…….G……………

#156 Sail Away on 10.05.20 at 1:42 pm

#150 Faron on 10.05.20 at 12:52 pm
#126 Sail Away on 10.05.20 at 9:23 am

Sigh. So it’s still wrong?

Could it be that not everybody is instantly perfect and will later follow up with a more comprehensive statement?

———–

…how do you then explain [Trump’s] lack of “perfection” on that question and that question only? How do you explain his hemming and hawing, his dissembling when asked a question he:

1) Absolutely knew was coming
2) Knew and knows both what the “right” answer is, but also and what his followers wanted to hear.
3) Has evaded in almost identical fashion on other occasions.

———–

You’ve heard of Occam’s Razor? Let me coin another term for you: Trumpery Spatula.

Proper application of the Spatula is as follows:

Situation: Trump makes a statement containing ambiguity

Outcome: Spatulatos (those who apply the Spatula):

1. discount any possibility the Trump statement could contain even a shred of humanity, decency or fair play
2. create an interpretation that casts Trump as subhuman at best, but more likely a criminal Devil incarnate
3. widely (wildly?) shriek the Spatulato interpretation annoyingly, shrill-ly and endlessly across social media
4. enshrine the Spatulato interpretation in Spatula history
5. forever afterward refer back to the Spatulato interpretation as proof of past Trump transgression

…while those who interpreted the original statement differently scratch their heads and say, WTF?

#157 NSNG on 10.05.20 at 1:44 pm

dis one is for you, Faron:

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

#158 kommykim on 10.05.20 at 1:45 pm

The USA is insane. That a man like Trump even has a chance to get elected is just plain nuts.

#159 Diamond Dog on 10.05.20 at 1:57 pm

#76 DON on 10.04.20 at 6:00 pm

Thanks! There’s always more. I think we’ll see CBR’s at 0% for the next 3 or 4 years, 1% if we are lucky in the fifth year. It’s the spreads between the U.S. Fed central bank rate (that Canada’s banks borrow for) and what Canada’s largest banks lend to mortgage holders (mortgage rate) that I’m worried about. We are currently looking at a U.S. fed rate at 0 and 5 year mortgage terms from banks at or around 2% for a current 2% spread. What I’m saying is the fed rate could be stuck around zero for a while and they’ve said as such but this doesn’t in any way mean mortgage rates will remain at 2%. We could see spreads widen and Canadian banks raise mortgage rates to 4%, 5, 6 if we see a collapsing real estate bubble in Canada driven by high unemployment. How else will banks offset the losses if bankruptcies and mortgage defaults mount?

What, can’t happen readers? You should know that it can! Unemployment clocked in at 10.2% in September and Covid19 cases are climbing in Canada, never mind the U.S. . People watching Fox news are being told they should be pressing to open schools, but don’t have to wear masks. This pandemic has been badly politicized. The PR and messaging on this pandemic has been horrid and I’m not sure it will stop until Trump is out of office, Republicans reign in Fox news and by that time its the middle of winter and we’ve got a full winter of this virus having its way, at least in the U.S. . In Canada, it does not have to be so. I’ve ripped Scott Gottlieb in the past, but he gets it right here:

https://www.cnbc.com/2020/10/05/dr-scott-gottlieb-a-raging-epidemic-is-not-inevitable-dr-scott-gottlieb-says-.html

Garth has covered this topic well unsurprisingly, macroeconomics shouldn’t be the driving factor behind the choice of buying a home. It comes down to affordability and that’s different for everyone. In the same breath, as rates drop, housing prices rise. As rates rise, housing valuations drop. It’s always been this way hence, rising valuations in the middle of a pandemic. Sure, government regs and banking practices can change valuations somewhat but historically with rates, that’s how its always been.

At present, the central bank rate and mortgage rates have never been lower, we’ve hit rock bottom. There’s a message in that and the message is, don’t expect the same gains from real estate as we’ve enjoyed in the past. That boost we’ve enjoyed from lower rates, there’s still some saturation to enjoy in the near term but otherwise, its gone. I think it would be highly unwise for our federal government to loosen lending regs at any time in the foreseeable future considering valuations and employment risk so whats left driving the market? Incomes…. inflation… and these drivers historically have not been a quick ride up. So much can happen in between.

There’s more risk than upside in this market right now for those buying a new home. If you can handle the risks, by all means enter the fray. Going with 10 year terms as opposed to 5 will cost a point, but its worth it because it mitigates risk. If one can’t afford that, one shouldn’t be buying a home. Buyers are covered if the economy launches to Venus (CBR’s rise) and buyers are covered if mortgage defaults rise to the moon. Even if things just limp along, rates will still rise 1 or 2 points over time. As I’ve said, we’ve hit rock bottom.

Cheers, Don.

#160 Faron on 10.05.20 at 1:59 pm

#156 Sail Away on 10.05.20 at 1:42 pm

+1 for coining the name of my upcoming Greek restaurant. “I hear Spatulatos has the best souvlaki! And the gyros… to die for!”

I’ll stick with Occam’s: When someone uses the words of a narcissistic race baiter, they are a narcissistic race baiter (with COVID-19 to boot). NB: I can’t wait to start hearing the TAccS’ explanations for the whitehouse COVID outbreak as anything other than sheer hubris, incompetence and bumble. If I were a religious person I would think this intervention divine.

Anyhow, as much as I enjoy it, the uptick in my posting here shows a lack in other parts of my life. Cheerio!

#161 SoggyShorts on 10.05.20 at 2:25 pm

#123 Stan Brooks on 10.05.20 at 9:00 am
#117 SoggyShorts on 10.05.20 at 2:24 am

That is NOT impossible if you combine income from multiple properties overseas, including farmland, income from passive investments/stocks and own growing business online with multiple clients paid at top US rate.

***********************
There are only 3 possible ways to live on such a tiny fraction of your income
1. Earn HUGE. 300,000+ per year or more
2. Be almost completely off grid: own a farm that produces all of your food, own your property with solar panels, never leave said property etc. i.e. HUGE networth.
3. Live like a poor person.

1. Is extremely unlikely, and frankly not a realistic goal
2. This requires either many many years of saving or #1
3. This sucks.

I still can’t see which of the above you are advocating for or claiming that you yourself are doing/have done.

I’ve followed the FIRE movement for a decade and even finding a niche, owning my own business, and working my ass off didn’t get me to what you are claiming to be.
—————————————————
#123 Stan Brooks on 10.05.20 at 9:00 am
BTW I know people who live on 1 % of their income.

****************************
Please help me with the math on this.
Are they spending 10K per year and making $1,000,000?

I mean a normal person spends 40K per year. Even as an expat in a cheap country it’s close to that if they live a little. So $4,000,000 income?

Give me a little more to work with, either their spending, assets, or their income must be extreme

#162 Faron on 10.05.20 at 2:28 pm

#157 NSNG on 10.05.20 at 1:44 pm

dis one is for you, Faron:

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

Ha, thanks. I thought I was going to see video of a manic 4channer. Johnny Cash was the best. Rest his soul.

I’m quota-ed out.

#163 Don Guillermo on 10.05.20 at 2:42 pm

#157 NSNG on 10.05.20 at 1:44 pm
dis one is for you, Faron:

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

They’ve been singing this song on the Maldives almost as long as Johnny has

#164 belly rubs on 10.05.20 at 2:55 pm

#135 David Hawke on 10.05.20 at 10:25 am
This blog is conservative?

….
Interesting query.

Garth appears to be a liberal capitalist. Nothing wrong in that. Though he uses a traditional blog design and seems to have a moral code from the seventies. Nothing wrong with that either.
Personally, I am a conservative environmentalist. I pressure can carrots and sign petitions to reclaim habitat. I believe each person is a mix of small c conservative and small L liberal characteristics, whether they are politically socialist, capitalist, anarchist, or whatever.

I do appreciate this blog and commentary because it offers a litmus test of the national psyche.

#165 suburban coyote and pup on 10.05.20 at 3:13 pm

#122 Fartz

I’ll have to read that..actually was thinking of Naomi Klein’s Shock Doctrine. Follow the $ and ask who benefits. Big Pharma is enjoying the best marketing campaign of the century thus far.

Onf55

#166 Nixter on 10.05.20 at 3:15 pm

All Ontario
Status of cases

54,814
Total cases
46,360
Resolved
2,980
Deaths
176
Hospitalized
43
In ICU
26
In ICU on a ventilator

Population of Ontario 14.5 million

What’s relevant are how many in hospital, ICU, and ICU on Vent
Number of positive tests from lame MSM pfft.

#167 Barb on 10.05.20 at 3:16 pm

“…Took some old back roads off the main highway and it was like driving through a yellow and red tunnel.”

——————————
and I hiked up to the top of our 15 acres, climbed over the 5-strand Bwire fence (ungracefully), and trekked up a small canyon overlooking the valley. Gametrails edged in little pincushion cactus, the aroma near the old pine trees was exhilarating. Rested awhile on a fallen log, eyeing the valley and my property below. Not another person anywhere in sight. Even the highway noise in the valley was muffled. Heaven!

My best friend, German Shepherd Kia, used to do this half-hour trek with me. Alas, she’s gone. In my mind, I still see her chasing pheasants up there. Great memories.

#168 Dexamethasone High! on 10.05.20 at 3:58 pm

I’ve never felt better…dont fear the rona… i have arisen.. now where’s the nuke buttons

#169 TurnerNation on 10.05.20 at 4:07 pm

#166 Nixter since our freedoms are dependent on those numbers on the telescreen now we need more context. Age and health status of those perished?
Personal habits too.

If we are told there were 100 car crashes in Ontario today, stay off the roads to flatten that curve!
Ok then tell me how many were drunk, or texting. How many were brand new drivers. How many were very old and with duller reflexes. How many had poorly maintained cars with bad brakes?
Was there a snowstorm that day?
How many traffic tickets had each previously?

Why punish the safe driver with their transgressions. In the same way that Graduated drivers licences came in, and tests for Seniors. Higher insurance, too.
Still Facts don’t matter…this is the end of First World Countries. The show must go on.

#170 jess on 10.05.20 at 4:44 pm

“Don’t be afraid of Covid. Don’t let it dominate your life,” Trump wrote,
omg…how many americans have a team of doctors /the medical coverage paid for by taxpayers who pay more than he ever has on income….

and what does this say about those 15 min. rapid tests?
or this latest blood prick
The Assure COVID-19 IgG/IgM Rapid Test Device is currently the only FDA authorized COVID-19 POC serology test and is available by prescription only. The FDA continues to work with test developers to expand access to COVID-19 testing…

…”The FDA wants to remind patients that it is unknown how long antibodies persist following infection and if the presence of antibodies confers protective immunity, so they should not interpret results from a serology test as telling them they are immune, or have any level of immunity, from the virus. Due to these unknowns, the FDA cautions patients against using the results from these tests, or any serology test, as an indication that they can stop taking steps to protect themselves and others, such as stopping social distancing, discontinuing wearing masks or returning to work.

The FDA also wants to remind the public that serology tests should not be used to diagnose an active infection, as they only detect antibodies the immune system develops in response to the virus – not the virus itself. …

https://www.fda.gov/news-events/press-announcements/coronavirus-covid-19-update-fda-authorizes-first-point-care-antibody-test-covid-19

#171 islander on 10.05.20 at 5:15 pm

#60 Flemington park millionaire
You nailed it!

in the meantime……for you guys stuck in 2 square meters – there is hope – ζειμπεκικο!
This is a dance which is traditionally strictly for males – sometimes referred to as the ‘eagle dance’!
“The dance has no set steps, only certain figures and a circular movement. It takes place in an area little surpassing one square metre and mostly consists of improvised movements.” (wiki)
Originally a dance for two armed people facing one another, it developed into an improvised dance for a single male.

https://www.youtube.com/watch?v=VKu4QwyfWZs

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

Enjoy!

#172 William R Drury on 10.05.20 at 9:19 pm

Well your TDS has you jumping to conclusions. A lot of
differnet outcomes are possible including everyone in the WH recovers. Not really a thoughtful blog, usually decision are pros and cons with possible outcomes. The TDS is clouding your decision making much like the teachers in classroom pushing their personel propaganda. I would assume this doesn’t come into your work place.

Feel free to correct any inaccuracies in the post. – Garth