Friday, September 28, 2007
the grab bag #10 - bc bud
This new "grab bag" explains the hot Vancouver housing market. Or does it?
It's been a busy week. Forgive me my absence. On top of that, I haven't got too much of a clue as to what is really going on, do you?
There have been all kinds of fallacious explanations as to why Vancouver's RE market "remains so buoyant", and over at Rob Chipman's place, a couple of knuckleheads are convinced that it is the pot "industry" that both drives the market, and maintains it. They have all kinds of different measuring sticks as to the value of that industry, and I suspect that maybe they are themselves grow operators who have bought RE with their proceeds, or they are just knuckleheads. It's as silly as the mountains, the Olimpdicks, and the mountains, in my view.
Today I heard Marc Emery (fighting extradition to the US for selling pot seeds, and also the leader of the Marijuana Party) twice quoted (on CBC) on the effect of the low US dollar on BC's pot exports. Apparently, the price that the growers garner has dropped (relatively) with the strength of the dollar, and demand has not diminished at all - despite the climate of prohibition and interdiction. I did find it amusing that it was a topic of discussion on the national business news. And so what? I smoke pot, and have for thirty years. I do have MS, so it is (now) "medicinal", but really... Reefer Madness was a bit of campy propaganda from the 1930's, but this is the 21st century. Get over it already!
The dollar closed at $1.01 something US today. Yee haw! So what?
GM went off strike after two days. So what?
$13.8 Billion Federal surplus. So what? (National debt is some $1,600 Billion - depending on how measured).
US housing market continues to slide. So what?
I really believe that the Vancouver market is sliding too. So what?
Wake me up when we are back at 2002 prices. I'm going to smoke a joint (because there is nothing like a Mint Julip and a joint).