Tuesday, February 20, 2007
flogging a dead horse
So, how many ways to say the same thing, and how many times to say it? I wonder if this has anything to do with the recent departures of VHB and uncertain buyer from the blog roll. It can be difficult to come up with new material, and to keep it engaging.
There has been a surreality to RE world-wide in the last few years, and especially in Vancouver. I began by squawking about the state of things on RET a couple of years ago, when that forum was a virtual bullring. I wasn't much of a matador - more a picador - at the time, and freako was one of the only others there saying that things were goofy. Then VHB posted a link to his blog, and I began to have more impudent confidence in my own view. At first, VHB had no comments, and not so many visitors, but that began to snowball. VHB came up with the historical graphs, analysis, etc., and I spent less time at RET. I was tired of the same tired bull thing. Maybe that is part of Why Vance bowed out - he got tired of it too. I have had an easier time of it because I'm just making fun of things, but even that gets tired. I can't see myself turning to gloating or such when/if things do go my way, but I will be commenting on it. I wonder what else will come along to defeat it, or bolster it (the market).
The new provincial budget (released today) had quite a bit in it to bolster the market. The exemption for Property Transfer Tax was raised to $375K, the homeownwers' grant ceiling was raised to $975K, and income tax was cut by another 10% (on top of the 25% cut of the first Liberal budget). The Minister o' All Things Monetary also said that BC had 40K new immigrants/migrants last year (no mention of how many left. ie. net migration), and what a "magnificent province" this is. She actually remarked on the housing affordability situation. A surplus in the neighbourhood of 2.2B was also projected. It's a developers'/private health care providers' budget from what I heard. Those are just the highlights that I heard and retained to memory. I'll look into all that further if mohican doesn't take care of it first.
There was also a discussion on CBC's Almanac about the housing situation featuring Tsur Somerville. I was not able to catch much of that unfortunately. You can listen to it here, but you need to have RealMediaPlayer on your machine (I don't - it is spyware IMHO).
If any of you spot any road-kill, let me know. I need something else to flog besides old, dead horses. Good News Bears kinda stuff is my hope. (grin)