Forecast 2008 Recession to Recovery

[VancouverGoinUp]

Great info here especially for the anti housing crowd. Hey even Shiller looks good in this article (if you live in the US)

http://news.goldseek.com/MillenniumW...1199648245.php

[Spartacus]

Re: Forecast 2008 Recession to Recovery

Too bad the old John Travolta character & the Seinfeld "Bubble Boy" are not available as avatars ....

if you don't think Vancouver is in a real estate bubble

why do you post under the category called

HOUSING BUBBLE

???

(besides the fact that you'll probably be booted if you post under actionable hedging strategies)

Great info here especially for the anti housing crowd. Hey even Shiller looks good in this article (if you live in the US)

http://news.goldseek.com/MillenniumW...1199648245.php

[VancouverGoinUp]

Re: Forecast 2008 Recession to Recovery

The forum is housing bubble and i just give a differing point of view
While the US is in a housing bubble. Shiller was just plain wrong wrong wrong about Vancouver - a place where a million dollars a home is a drop in the bucket. People from Asia come here with cash - there is no subprime mess - no questionable lending policies. Many people coming here and buying do not need mortgages. Americans who bought in the last few years before the US dollar collapse have made a killing.

Here is Shiller quoted

http://www.theglobeandmail.com/servl...?query=shiller

If you listened to him in 2005 IN REGARDS TO VANCOUVER you would of literally lost 100's of thousands of dollars and for some never have the opportunity to partcipate in Real Estate in Vancouver - because Vancouver is Goin Up

[metalman]

Re: Forecast 2008 Recession to Recovery

The forum is housing bubble and i just give a differing point of view
While the US is in a housing bubble. Shiller was just plain wrong wrong wrong about Vancouver - a place where a million dollars a home is a drop in the bucket. People from Asia come here with cash - there is no subprime mess - no questionable lending policies. Many people coming here and buying do not need mortgages. Americans who bought in the last few years before the US dollar collapse have made a killing.

Here is Shiller quoted

http://www.theglobeandmail.com/servl...?query=shiller

If you listened to him in 2005 IN REGARDS TO VANCOUVER you would of literally lost 100's of thousands of dollars and for some never have the opportunity to partcipate in Real Estate in Vancouver - because Vancouver is Goin Up

have to say, there is a kind of crazed wisdom keeping this guy around. i'm learning something. asians showing up with cash... no funny loans... few mortgages. but isn't this just a different kind of bubble, then? not a debt bubble but an asian bubble spilling over into canada?