Sunday, August 24, 2008
she's come undone
She's come off the rails, and it doesn't look like it's going to be a slow-motion train wreck. Everything is looking down from here.
Calgary had a major project cancelled on Friday. I read a snide comment somewhere wondering if Calgary had run out of oil. Infinity Towers in Vancouver sounds rather uncertain, and anecdotal to what I read over at Rob Chipman's, sales prices are dropping in the double digits. The smart ones have bailed already, and the hangers-on are starting to catch on. Throw in Death, Divorce, Transfer, and add a dollop of economic downturn and unemployment, and things are looking grim for the last fools out.
Sheesh, even mohican got metrics to work for him, and bought at a twenty percent discount.
Yee-haw! I'm looking forward to the autumn apocalypse.