Friday, December 14, 2007

some call them condors

Thanks to trotter for the video link to Real Estate Vultures.



I just love the close-up of the foreclosure sign, and that big projects, especially condors, are also circling the drain in many markets. Granted, this is in the US, but what happens there, eventually happens here, and here, we are not quite so resilient.

In other news:
Vancouver crowned break-in capital of North America
.
A new report has given Vancouver a dubious honour: the highest break-in rate of all major Canadian and American cities, nearly four times that of New York City.

Last year, Vancouver recorded more than 1,100 break-ins per 100,000 residents while New York City had just over 300.

The numbers are contained in the annual report by the B.C. Progress Board, which showed Vancouver had the second-highest combined violent and property crime rate among all major cities in Canada and the United States.
Would the BC Progress board have a positive bias?. Is Surrey still the car theft capital of NA?

Nevermind, this is the best place on earth - for those who are connected.

10 comments:

Anonymous said...

When the MSM media was running stories with a bullish bent, they were routinely lambasted for being stupid, out of touch, "bought and paid for", etc. So what is different now - other than the stories are in alignment with our own preconceptions - to make the MSM any more believable?

Hell, this guy is now a pimp for vulture investors - frankly speaking it's in his self-interest to spin negatively.

Serious question, because in all honesty it seems bears here there and everywhere are as bad at conflating "they're right" with "they agree with me" as the bulls.

solipsist said...

Serious question, because in all honesty it seems bears here there and everywhere are as bad at conflating "they're right" with "they agree with me" as the bulls.

I'm not so sure what all that means. There was no question, so I can proffer no answer.

MSM is MSM. It always has been, and always will be. I always thought that MSM was more of a stimulus to dig deeper, and have always also been aware of the tail wagging the dog. That leads to deeper questions like; what is the tail, and who is the dog? Who is the tail, and what is an hyena?

Overwhelmingly, the tenet of the MSM has been if it bleeds, it leads. The problem has always been that the MSM is always more interested in the gore than the meat. Beyond that, there are other questions, such as; what kind of meat is it? How did it get there? Who/what put it there? Is it a natural phenomenon? Who cleans up the mess? Do people actually eat that stuff? Why?

Ultimately, it comes down to a lack of critical thinking. Is that a shortcoming of society at-large?, or a shortcoming of the individual? Is it genetic, or is it cultural?

I do not need videos or editorials to say I told you so. I don't really care. I just know what makes sense to me, and what does not. It's an individual discrimination. I am right. For me...

me again said...

One should look beyond bulls and bears. The mess caused by the receding floods is very real on ordinary folks. Listen to this conversation:
http://tinyurl.com/37fxq3

Anonymous said...

US Economy is 'A-OK'

George Bush claims all things are 'safe and sound' :
http://tinyurl.com/2ah8ua

...hes probably right - hes been right on so many things thus far.

cheers,

Spark

fan of GB Jr said...

You were absolutely right until 12 hours ago.

http://tinyurl.com/3aqbgb
Greenspan Sees Early Signs of U.S. Stagflation
Mon Dec 17, 2007 3:01am EST

WASHINGTON (Reuters) - The U.S. economy is showing early signs of stagflation as growth threatens to stall while food and energy prices soar, former U.S. Federal Reserve Chairman Alan Greenspan said on Sunday.

In an interview on ABC's "This Week with George Stephanopoulos," Greenspan said low inflation was a major contributor to economic growth and prices must be held in check.

"We are beginning to get not stagflation, but the early symptoms of it," Greenspan said.

"Fundamentally, inflation must be suppressed," he added. "It's critically important that the Federal Reserve is allowed politically to do what it has to do to suppress the inflation rates that I see emerging, not immediately, but clearly over the intermediate and longer-term period."

Anonymous said...

I was wondering if the author of this blog would be interested in added the Alberta Bubble blog to the list of websites?

albertabubble.blogspot.com

For those interested, Edmonton/Calgary prices have fallen about 11% from peaks earlier this summer.

patriotz said...

"Fundamentally, inflation must be suppressed," he added. "It's critically important that the Federal Reserve is allowed politically to do what it has to do to suppress the inflation rates that I see emerging

It's funny that Greenspan talks as though inflation is some sort of an exogenous event like a giant meteor, when of course its direct cause is too much money supply, which he himself was responsible for.

milo said...

While watching Breakfast Tv this morn, I saw a banner that read "WestEnd B&Es increased 161% last month".

Last Saturday @5pm, 4 men tried to enter our building; they claimed they were from Terasen Gas to check out meters. That was original, our building has no gas meters. :D

bchousingbubbleblog said...

patriotz-

the great Alan Greenspan don't blame me I did what I was told and I couldn't stop it anyway rolling review continues....

oh my said...

"US Economy is 'A-OK'
George Bush claims all things are 'safe and sound' :
http://tinyurl.com/2ah8ua
...hes probably right - hes been right on so many things thus far.
cheers,
Spark
12/17/2007 12:13 PM"

- huge chunks of Morgan Stanley sold to China
- White house VP's wing on fire