Is this a bad thing, /pol?
>Obama
>>56488135
Sure, blame the black man.
>Being surprised that this is a side effect of capitalism
So when is the Canadian financial crisis gonna happen?
>>56488253
>>56488135
You realize that this is a good thing for the US, right?
>>56488582
No.
>>56488048
>liberal economics will destroy you
>liberal social policies are best though so forget that last bit completely
>not picking conservative economics and liberal social policies is stupid
>you're not retarded
don't pick any, I already made my point.
Isn't this saying that Canadians have more household debt per dollar than Americans?
>>56488199
>putting blame on disrupted spontaneous order
>>56488704
if your debt to disposable income goes down
debt ($50,000) income ($50,000) => debt ($30,000) income ($50,000)
or income goes up
debt ($50,000) income ($50,000) => debt ($50,000) income ($70,000)
>>56488582
>government takes on the shitload of private debts help by people who defaulted
>good thing
>>56488791
I think your right anon, but this is /pol/ so general reading comprehension should not be expected.
NIGGERS
>>56488910
Thanks.
>>56488729
I don't understand why there isn't a third party like this. Every election I have to decide between a party with no economic understanding but supports personal freedom (except guns), or a party that makes it's social policies based on a fucking book written thousands of years ago but understanding of economics
>>56488791
Yes, going up on the chart is bad and down is good.
>>56489045
So you want a moderate Libertarian party?
>>56488199
Neither one of those countries are capitalist.
I think I'll move to the states before the collapse comes.
>>56489074
In other words, US households overall have 5% of debt more than income, Canadians are about 65% more debt than income.
We are due for a deleveraging. I am already setting up my options south of the border in preparation.
Why are only americans in here. Crash when? I have 100K in savings and I don't want to burn it buying a house when the market is so inflated.
Literally every week I hear of layoffs, prices going up. What jewery is propping up our economy?
>>56489417
Chinese money.
We're in for a hard crash.
>>56489417
>>56489465
>Drop out of college
>Take real estate course
>Sell houses in Hongcouver
I've made like 97 grand after tax this year. I welcome our Chinese overlords with open arms.
>>56490325
My family has 2 million dollar houses there.
When the market crashes I'll lose any inheritance I may have but my retarded mother refuses to sell and/or move.
>>56490430
I may be of some assistance. Are you going to be doing anything in mid December?
>>56490497
Exams. Why do you ask?
>>56490543
If you sell one of the houses you can buy 2 near Cloverdale. The rental income cash flow is very high there. You won't lose your inheritance that way, sort of.
>>56490687
>selling in the core to buy in the outskirts at the peak of a housing bubble
Kill yourself, you unethical fuck. That Anon would get soaked.
>>56490687
What does that have to do with December?
Rev up those bubbles Canada
>>56489045
I voted Gary Johnson in 2012.
>>56490842
You stupid cunt. When the bubble explodes he loses it all. His mother wont sell. If she can buy there the cash flow exists. And the properties there won't crash as hard.
>>56490850
I can help in December.
>>56490850
He's trying to scam you for a big fat commission, or three by the sound of it.
When a correction happens in the housing market, it starts at the outskirts and moves its way slowly back to the core. This is because as people get priced out of the expensive areas, they move further out, and then as the prices therefore rise in that area, they move further out, buying less and less desirable property.
When the collapse happens, the people who are farthest out get destroyed, because they are holding property that is essentially worthless, but inflated far beyond its value by the above-described process.
Whereas a $2 million home at the peak of the bubble may lose a third of its value over a decade-long real estate correction, it is still a reasonably valuable property. Two ~$1 million houses outside the core will lose more than half, because the only reason anyone bought them in the first place is because they were priced out of a market with actual value.
Do not listen to this asshole.
>>56491029
>This is because, when the bubble was forming, people get priced out of the expensive areas
Edit for clarity
>>56488048
wait? How can income be said to be disposable if it doesn't exceed the amount of debt?
Is that actual debt or debt installments within some time frame?
>>56491029
Jesus Christ. Prices there are about 450k per house. They aren't that over inflated and won't drop significantly.
>>56491029
Fucking pussy ass bitch you got no response because you know I'm right.
>>56491012
>When the bubble explodes he loses it all.
You are either the dumbest motherfucker to ever pass the exam or the slimiest. I'm betting the latter.
A real-estate bubble pop does not wipe people out like a stock market crash. It takes a decade, minimum, to play out -- as opposed to the stock bubble victim, who is informed of his unfortunate situation via the news or at least his quarterly statement, people with overvalued houses don't find out until they try to sell it, which may be years later. And when they put their property up for more than it's worth, it will sit there for months, unsold, at the asking price, before getting a slight reduction, until it eventually reaches market value. It takes forever.
Further, high-dollar properties are the most immune to losses, since they are high-dollar by virtue of having actual real-world value as well as bubble inflation. 450k houses in Cloverdale, fucking Cloverdale, have real-world values of about $180k. The only reason they're selling for 450k is people getting priced out of the core by the bubble.
Everybody in this industry knows this. You are scum for pretending that you don't.
>>56491152
>450k per house
>Cloverdale
>double-digit year-over-year increases for detached in fucking Cloverdale
>"not THAT overinflated!"
Please consider a career in CERTIFIED PRE-OWNED car sales.
>>56488048
It is for your country
>>56491492
You fucking piece of shit. I'm a wolf. How the fuck you think the world turns? Because of money. Fuck you. Enjoy being poor. Pussy.
>>56491626
>I'm a wolf
And you can't crack 6 figures in the Metro Vancouver area during the biggest real estate bubble of all time.
So not only are you scum, you're too stupid to be any good at being scum.
Enjoy your Tim Horton's job in 2018.
>>56491731
>Been working for literally 4 months
>Made 97k after tax
>Can't crack 6 figures
Bitch I'm gonna own a Tim Hortons.
>>56491731
>average commission is like 4-5%
>97k in 4 months
>has sold about 2 million dollars worth of real estate
>has sold one house
I figured this out >>56490325 and was just playing with him up till now.
If you aren't netting a take home of over 300-400k/ year in this market you're a massive baka.
>>56491796
>admits he's going to have a Tim Horton's job
jej
go prey on some old schizo cat lady, there's still plenty left around Oakridge
don't try to scam bros on /pol/
>>56491945
That's what I mean. It's fucking hilarious
The guy's standing outside in a hurricane of money and think's he's a genius because a couple bills landed in his open mouth
>>56491626
>>56491731
>>56491945
>>56491952
>>56492041
I've made more money than any of you faggots. Pot calling the kettle black?
Lol faggots.
>>56491945
dont they call real estate the last legal con?
>>56491945
>>56491952
>Tfw not an investment banker in Toronto
Also, off the record, might wanna sell any Canadian car stocks you have.
Though, buying Uranium or heavy metal stocks from Canadian companies isn't a bad idea right now, if you wanna make some easy money, look for mining companies in Sask or Manitoba. Dump anything you have in Industry coming from Quebec/Ontario.
>>56492041
If I had graduated 5 years ago I would have jumped into real estate, but the bubble is too close to popping.
I did an analysis at one point and found the real value of our property to be around 600k for the main one, and about 300k for the secondary.
I'm not too worried about my inheritance even if the bubble does pop.
Hell when it does I've got a few hundred thousand saved up to jump in. I'm going to buy a nice house up near Lynn Valley near a creek (but far enough away to not get flooded).
Maybe all the chinese will leave too.
>>56492199
>last legal con?
Car sales are up there. Dealers make a lot of money on the spread between invoice and what they can convince you to pay. And mortgages, though I guess that's real estate too.
>friend is a mortgage broker
>says that if people understood amortization, bankers would be hung from lamp posts
>>56492302
>investing in commodities now
I don't think you need any minerals because you've clearly got 1-ton brass balls.
>>56492181
>thinks $97k is a lot of money
oh god buddy, don't add a dash of pity to this contempt
>>56492436
The recession in the states is ending. People will be coming to our doorstep for commodities soon again.
I think they had a fairly successful deleveraging down there, and their fundamentals are fairly strong. It's time to jump back into commodities.
>>56492436
Can you send me $30 over paypal please?
>>56492436
>More money than you
>>56492303
Just keep in mind what I said above
>>56491492
Real estate bubbles don't behave like stock or any other asset bubbles. What you find is the "value" of property kind of drifts down slowly over a decade-plus, as people list properties and let them sit for 90 days and trim the price a few percent and let them sit for 90 days etc etc, but sales, the actual transactions, fall off a cliff.
And it's pretty much impossible to determine the true value of what you hold, because nobody's buying at the asking prices, so you can't get a picture of what anything's worth, since you get that idea by looking at a mass of comparable transactions, and none are happening. And no owner, including banks listing foreclosed properties, wants to lose any more than they have to, so they just sit for years and years and years. It's a fucking nightmare and it just goes on and on and on.
Ask any agent who was around for the early 90s
>>56492618
Explain more. I'm going to need to know this for when Hongcouver crashes.
>>56492522
>The recession in the states is ending
I hope you're right. I personally suspect the recession in the states hasn't begun yet, and it will once the Fed raises the prime rate 50 or 75 basis points over its current unsustainable point of basically zero.
It'll make 2008 look like a little profit-taking. That'd be a good time to be holding cash, which is what I'm mostly doing now
I have to admit I've taken a haircut on oil this year though, since I wrongly bet the Saudis would ease up on the screws once North Dakota started to shut down
>>56492755
The saudis are trying to keep the prices down to cut the flow of oil revenues to their enemies in the gulf. You ignored the bigger picture and looked solely at the economic arguments.
I'm not super familiar with depression economics though. Do you think you could give me some info on how to protect through that?
>>56492692
>explain more
You dumb currynigger, I just explained it in the simplest possible terms.
Stock sales in a crash are instantaneous and happen at whatever the going rate at that second is, real estate sales play out over months and years. Stock purchases in a stock bubble are mostly speculation, a lot of real estate purchases even during real estate bubbles are people buying homes, and they might not try to sell for 15 years even after a crash.
Tim Horton's.
>>56492569
>>56492692
What race are you?
>>56492845
You fucking piece of shit. Tell me what you like from Tim Horton's. I'll memorize your order and it'll save time.
>>56492932
Jamaican.
>>56492964
>>56492964
Nobody called me Jamaican though.
Have you Canadians taken your country back yet?
>>56492815
If there's going to be a recession, it'll be based on interest rate hikes, which by definition increase the value of cash vs other assets.
Everyone who is overleveraged will be fucked. Everyone who is holding cash will be in an incredibly advantageous position to purchase assets at incredibly discounted rates from the overleveraged. That's how it played out after 1929.
Of course, the batshit crazy sovereign debt situation makes it a little more complicated, because there's incentive for a national government to hyperinflate their way out of that debt during a crash, in which case anyone who doesn't translate their cash into cheap assets quick enough might end up with a bunch of worthless paper as the government blanks its debt in even more worthless paper.
I try not to think about that late at night.
>to their enemies in the gulf
Mostly to their enemies in Alberta and North Dakota -- an energy-independent North America would be a disaster for Saudi Arabia, both financially and diplomatically. Possibly worse than Iranian nuclear weapons
Still above 100% though
>>56493069
Should I be holding assets in treasuries right now then?
Which assets would be best to jump into when the starters gun goes off?
>>56488048
Hey OP I remember you from the copper thread.
Look for CAN and OZ to correct by 1st quarter 2016, April at the latest.
>>56492522
We haven't been in a recession (negative GDP growth) for years now.
Canada, however, is currently in one.
>>56493142
USD goes strong when foreign markets get sppooped
Pull out when you hear FED is raising interest because all the shakers are looking to wait until the hike to bear and domestic
Are we going to see Tokyo RE crash 2.0 in Vancouver?
>>56493142
Don't make me say gold bro
I gotta go to bed. The biggest bubble right now is basically the entire Chinese economy. Once you see the PBOC start hiking interest rates, it is officially time to get scurred.
Anyway, an iTulip membership's a good investment, if only for having some different economic thinking to read. And they called the dot-com and subprime crashes, a year-plus in advance each time, accurate to within a month.
>>56493302
Nigger its a new era
Expect a hard drop when FED pops bubble
>>56493329
Night night anon, it's been fun talking to you.
>>56493329
>the PBOC is the canary
Top fucking muppet
>>56493302
>central bank slashs prime rate
>bubble forms
>bubble becomes massive
>central bank tries to get it under control, hiking interest rates gradually to signal that it's aware of a bubble, is going to deflate it now, and would everyone please exit the market in an orderly fashion
>speculators are not rational investors, so:
>hike hike hike hike hike BOOM
That is how it happens, every time. Look at that graph on the right.
Once PBOC and the Fed start hiking, shit is going to get real
goodnight /pol/
>>56493302
My countrymen are busy buying up all the prime spots. Don't worry. We're told housing prices can only go up! Plus, what better way to stash our money from prying eyes than by making your unable to live in your own country.
No need to thank us.
>>56493027
The jersey doesn't have a logo, they can't even spring for the real thing when they are pretending to be Canadian.
>>56493434
>Once PBOC and the Fed start hiking, shit is going to get real
Well, China is doing kinda shitty now, US retail numbers are atrocious which means the US is likely in a recession already. Raising rates now will send the world economy into a tailspin.
>>56493462
>No need to thank us.
>For making Hongcouver into an overvaluated money pit where you'll lose your sweatshop made shirts
This is what rice niggers actually believe
GJ on laundering for an over 50% haircut though
Hope you Changs know when to pull it
>>56488048
Of course not.
Strongest economy in the world.
>>56493434
Shit doesn't real until Yellen tells the goys its judgement day nigger
China is a fucking sockpuppet for post 08 spookers
Can I just live in the city I grew up in please?
I wish all the Chinese had never come here. It wasn't even this bad in the 90s.
I just want my home back.
>>56493548
>China is doing kind of shitty
Not really. The economy is slowing because of structural reform. Look at the data: consumer consumption is up, fixed investment is down. This is exactly what the CCP wants and what leading China experts agree is necessary. Trouble is, that consumption is a much slower engine of growth than fixed investment.
It's easy for force SOE to build roads, much harder to force Chinese to buy shit.
>>56493678
Nothing in China is up, bud. Commodities are eating shit right now because there's no demand.
>>56493329
The forums? Or the newsletter?
>>56493653
I know that feel Vancouverbro.
>>56493750
China doesn't need commodities because it's fucking malinvestment at this point. There's over capacity. Of course commodities are tanking.
It's fucking annoying that all people focus on is the 'bad' side of structural reform and go 'HA! SEE CHINA IS DOOMED!' instead of seeing all the positive growth sides.
http://www.businessinsider.com/alibaba-singles-day-sales-2015-11
>Alibaba generated a record-breaking $14.3 billion in sales on Singles' Day, the biggest online shopping day in the world, the company said Wednesday.
>The sales number blows past Alibaba's previous record of nearly $9.3 billion during the 24-hour period on November 11 last year.
STFU if you don't know what you're talking about
>>56493653
>>56493827
I'm with you bros, I swear we're out numbered by the chinks now.
>>56488048
thats what socialism does to your country; free shit for everyone where nobody wants to actually work
>>56493898
>I swear we're out numbered by the chinks now.
Well I'm Irish descent.
I think the figures speak for themselves.
>some fag in Ontario decided it would be a great idea to flood the west coast with Chinese and Indians
Was it Trudeau senior who did this? Who do I blame?
>>56493887
>Alibaba generated a record-breaking $14.3 billion in sales on Singles' Day
It's not because chinese economy is doing so well, it's because alibaba has better market penetration outside of China now. Completely useless stat.
>>56488048
It's OK because it's 2015.
>>56494053
Apparently you don't like to keep up with news:
>Overall, consumption is estimated to grow by an average of 5.2% a year over the next decade, as wages rise and the Chinese become more aspirational in their spending, even as overall economic growth slows.
http://money.cnn.com/2015/11/19/news/economy/china-consumer-spending/index.html
>“We will continue to increase household consumption and make sure that greater internal demand could serve as a new power to drive economic growth,” Premier Li Keqiang said in a speech at a global economic forum in September.
>Consumer spending, which makes up for 36 percent of the gross domestic product, has been increasing at a decent pace. Retail sales growth, while slowing, rose 12 percent in 2014, with demand for highly coveted products like iPhones continuing to skyrocket.
>“We will never be like my parents’ generation who saved every penny and never spent any,” Ms. Chen said. “We will never go back to that anymore.”
http://www.nytimes.com/2015/01/20/business/as-growth-slows-china-pins-hopes-on-consumer-spending.html?_r=0
Also, pic related:
Notice how Fixed Investment is declining? Although the past few years consumption has been flat, this year should see a sizeable increase.
Couldn't find more recent data quickly but let me tell you it doesn't get better
>>56494580
I wouldn't put too much faith in centrally distributed chinee gubmint stats. They use goal seek function way too often.
>>56488729
liberal social policies are fucking disasters too tho
Worse than their economic policies because at least the country will exists even if it is poor
>>56488791
No, its saying canadians have less disposable income
>>56489112
>Neither one of those countries are capitalist.
wut?
>>56493976
Except that's wrong you fucking retard. Most of this debt comes from people who are employed with middle incomes, to pay for education they need in order to be hired for their jobs.
Behooving someone to go into deep debt in order to get a job that isn't bagging groceries or flipping burgers, and then faulting them for being in debt is deeply cynical.
>>56493153
> Look for CAN and OZ to correct by 1st quarter 2016, April at the latest.
Based on what exactly?
>>56488135
He is propably the best president you will have in a long long while...
