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^ Totally agree. Just let the weak die off, let things fall to zero and reboot this sh#t show. The problem with that is that it would be political suicide for those in charge so we're forced to drink this Obama/Harper Kool-Aid and watch this slow train wreck unfold.

How potentially "toxic" are these debt obligations ?? How many cents on the dollars ??

Yeah, that would be expected in a recession. And the market hasn't priced in the "D" word yet. Would anyone care for more Obama/Harper Kool-aid cuz obviously throwing more money at the problem will get us out of this.

Is there any sane logical reason that these key data is NOT made available to the end user (ie. buyers and sellers). Oh, yes, I forgot, the reason is to keep the monopoly alive and well so that we are forced to go through this archaic black box system where information is purposelly limited to...

The purpose of 40 y mortgages was to attract the marginal on the edge buyers so as they get a shot of the "dream" of home ownership. And if they are marginal, unlikely that they'll be accelerating payments any time soon. As I recall gei, you were bragging about the profits you made on your...

ＩＦ　ｙｏｕ’ｒｅ　ｗｉｌｌｉｎｇ　ｔｏ　ｒｉｄｅ　ｏｕｔ　ｕｎｔｉｌ　ｎｅｘｔ　ｍａｒｋｅｔ　ｃｙｃｌｅ　（ｉｔ　ｍｉｇｈｔ　ｖｅｒｙ　ｗｅｌｌ　ｂｅ　１０　ｙｅａｒｓ　ｏｕｔ　ｏｒ　ｍｏｒｅ　ｂｙ　ｔｈｅ　ｌｏｏｋｓ　ｏｆ　ｔｈｉｎｇｓ）　ａｎｄ　ｄｏｎ’ｔ　ｍｉｎｄ　ｎｅｇａｔｉｖｅ　ｅｑｕｉｔｙ　ｏｒ　ｎｅｇａｔｉｖｅ　ｃａｓｈ　ｆｌｏｗ，　ｗｈｙ　ｄｏ　ｙｏｕ　ｅｖｅｎ　ｃａｒｅ　ｉｆ　ｔｈｅ　ｍａｒｋｅｔ　ｔａｎｋｓ　？？　　

Did a quick google search of the three companies listed in article.....be careful of biased opinions is all I　ｃａｎ　ｓａｙ。

First of all, good as gold doesn't mean anything nowadays cuz have you seen what gold's been doing lately ??:D Second, as for "foolish" enough to drop their deposits, that's like saying no one will ever walk away from a losing position and cut their losses short. I have news for you, it...

What does 70% sold mean ?? It just means the potential buyers signed a piece of paper saying they'll pony up the money at some point in the future ?? If so, in my opinion, nothing has sold yet. That's like saying I got a piece of paper that says I'm getting $42.75 for BCE. Maybe,....or maybe...

Here's the article I read: http://www.thestar.com/article/530671 Nothing outrageous, projects were in the 300-400K range and it wasn't benz, it was Kia which fits in with the target market. The fact that you point out higher end projects are doing the same just reaffirms to me that...

Wow, is that what the twenty something market is up to now a days. Nothing wrong with that I guess if ur twenty and think you have a solid job with a software development gig. Instant and fast gratification sounds like it's the name of the game there. But if any of the twenty something's...

Wait a minute, I'm gonna have to call you out on this one condoboy. You just indicated that owning is good and renting is bad and all landlord's are parasites and you will never rent. How is that consistent with a "flexible" view ?? Further more, why do you even care where RE goes if...

Haven't walked into any builder offices recently but was reading in the papers other day about some developers offering free cars, trips, and other barter items to try and "stand out". This cross promotion theme in my opinion can only last so long before Kia (the ones offering the free cars)...

Always is a dangerous word. There are two other groups you are missing. The bitter owners (those that own but know financially it's not a smart move but are forced to do it anyways) and the happy renters (those that rent and are happy with their arrangement). If you don't think the above...

I admittedly have no inside information on specific builders and developers cancelling projects, but from a macro stand point, I find the first posters points to be of real concern. As for uninformed speculation, I don't get a sense this would be 14 yo boys fantasies (what kind of kid were...

Just a few short months ago I was chastised by some members for asking about RE short plays to hedge RE holdings if one didn't want to sell. Although the mood now seems more neutral as I don't hear alot from these perpetual bulls, I would hardly call the sentiment bearish overall. I...

Ppl that buy condos downtown may want all that but the main reason they buy condos downtown is cuz they have to (ie. there is no other choice if you want to live down town). YEah, I heard that arguement before that everyone wants to live downtown cuz that's where everything is, but as urban...

Come on, you can't be that naive. The CEOs are getting their heads handed to them as if they are the root of all evil here. The fact of the matter is the bailout is simply life support. As if each nation's fiscal and central bank policy had nothing to do with this. As if each government's...

I ain't 50 yet,...but as far as I know, the equity markets long term have outpaced the RE markets hands down. So either your a really bad equity investor or a really good RE investor.

Such a convicted view point with no flexibility based on emotions is very dangerous CB. But just out of curiosity, if you are really a buy and hold kinda of guy, why do you care if your property goes up or down 30%. It's irrelevant if your going to hold it through several market cycles as...